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

iltisman

Well on track for 85 cents by january

gordylad

Bad day due to King saying we are already in a recession which will continue well into 2009. I predicted it would bottom out at 1.45 but now reckon we will be looking at a rate around 1.35 in the coming weeks. No decent rise until late 2009.

garratt83_2

Should I buy my dollars now I'm going to America next April?

digipeep

garratt83 buy your dollars ASAP, the pound is going to drop at least a further 20 cents before you go on holiday.

The UK economy is the worst of the G7 and is is in no fit state to handle the deep recession, aka depression that has already started.

Blink_Eden

Just caught the end of "Wake Up to Money" on Five Live this morning and someone was talking about it dropping to $1.25 - anyone else catch this?

Any thoughts?

Cheers.

garratt83_2

Wheres the best rate at the mo?

Cheers

FEvans

it depends when you want to go - if you do not have to go until next year then crowncurrency are a good bet.

richardw

It is a bit like petrol, get to know where the best prices are locally to you for the best prices and sometimes not worth spending money to go out of your way to get a slightly better price/rate.
There is also a risk having foreign currency lying around at home for extednde periods of time.

nickcollett

It's gone down to 1.46 on Thomas Exchange Global which I find has the best rate usually. High street stores must be at an even lower figure...

bairn7

jmw20 wrote: »

Judging by the new terms it actually seems there is no mention of cancelling forward contracts at all. Only a mention that ASAP orders cant be cancelled, so from that I can only assume that if forward contracts aren't paid they are cancelled.

CANCELLATION POLICY
The Company reserves the right to cancel any order at any time for any reason. In the event of the Company cancelling an order the customer will be reimbursed the full amount paid, by cheque or credit transfer depending on the initial form of payment.
Once an ASAP order has been placed, it cannot be cancelled, however, the company may buy back the currencies, (NOT Travellers Cheques), through the buy back option.

Just a warning to everyone, crown currency exchange's t & c s have changed AGAIN, see below. Now NO orders (including forward orders) can be cancelled!!! I was about to buy currency for my trip next summer but no chance now.

CANCELLATION POLICY
The Company reserves the right to cancel any order at any time for any reason. In the event of the Company cancelling an order the customer will be reimbursed the full amount paid, by cheque or credit transfer depending on the initial form of payment.
Once a customer has entered a contract and paid for the currency an order can only be cancelled in extraordinary circumstances wholly at the discretion of the Company.
Once an order has been placed, it cannot be cancelled, however, the company may buy back the currencies at it's discretion, (NOT Travellers Cheques), through the buy back option.:mad: