US ($) Currency Thread 1 (closed - use thread 2)

jmw20

Brown has been mentioning the 'R' word as well now. Think your not far off the mark gordylad. If it comes to rest around where it is now or even a bit lower, the USA is still a very cheap place to go on holiday.

EmptyCouch

Is the recommendation to buy today as the rate will probably go down?

mookybargirl

nickcollett wrote: »

DO NOT get any of your money from the airport either end of your trip - the rate will always be lower than it is online or in high street stores.

It's worth calling up your bank and see what their currency rates are & how they are decided on a day-to-day basis as quite a few banks go by/almost go by the actual currency rare instead of the 'tourist rate' which is always a bit less.

I personally would advise changing over £500 online (travelex or thomas global exchange) then withdraw large amounts of cash from the ATM to spend out there.

I ordered some money from Travelex on Wed to pick up at airport last night (so glad I did). I ordered at 1.68 and when I picked up last night, their normal rate was 1.44! The cashier was saying that many people just turn up and take the rubbish on-the-day rate. Madness :eek:

BigMarkUK

gordylad wrote: »

Becaues the recession word was used last might by King the pound is down almost 4 cents today. No recovery short term and I expect it to go below 1.5 in the coming weeks probably bottom out at around 1.40.

How confident are you that the $ will continue to drop to levels such as 1.5 and even 1.4?, I know this is going against the grain on here but I am sat on a lot of $'s and want to change them back to sterling.

Also who offers the best rates for converting £ to $??

Thanks

Baz_2

BigMarkUK wrote: »

How confident are you that the $ will continue to drop to levels such as 1.5 and even 1.4?, I know this is going against the grain on here but I am sat on a lot of $'s and want to change them back to sterling.

Also who offers the best rates for converting £ to $??

Thanks

He isn't confident, he's guessing like everyone else on this thread.

If I were you though I would hold on to them a bit. But its a gamble. If you cash in now you will have made a tidy profit already so it depends upon how greedy you are I guess.

It could go up or down.

emmajt81

Going to NYC In late Dec and soooooooo glad I changed my $ up 4 weeks ago! Was umming and arring over it, but bit the bullet and changed it up 4 weeks ago. I got a rate of 1.82 - and considering how awful the rate is now, I am giving myself a jolly good pat on the back for that!!

nickcollett

BigMarkUK wrote: »

How confident are you that the $ will continue to drop to levels such as 1.5 and even 1.4?, I know this is going against the grain on here but I am sat on a lot of $'s and want to change them back to sterling.

Also who offers the best rates for converting £ to $??

Thanks

In regards to who gives the best rates for £ to $;

try going to MSE's currency comparison page, http://travelmoney.moneysavingexpert.com/

Personally I would say either Travelex(co.uk) or Thomas Global Exchange for online... High street probably Tesco or M&S I would say.

FYI - the dollar has already dropped to 1.58 and probably alot lower than that if you went to your high street store. All time low..!

tash_12345

Going to the US in just under 4 weeks.
Would it be better to get my dollars now as it is unlikely it will rise again before i go?
or wait as it might get better?

Is there a chance the pound might get slightly stronger within the next 4 weeks?

PAUL_C

BigMarkUK wrote: »

How confident are you that the $ will continue to drop to levels such as 1.5 and even 1.4?, I know this is going against the grain on here but I am sat on a lot of $'s and want to change them back to sterling.

Also who offers the best rates for converting £ to $??

Thanks

I will buy them at the right price if you dont live to far from me nr brighton sussex

hobbers

I'm in the same boat as Tash - Off to New York in less than 5 weeks and don't know whether to buy my Dollars now, or risk it and leave it til nearer the time. Please can anybody offer me some good, sound advice????