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Old 09-14-2012, 08:42 AM   #16
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so what's the rate these days? i know the dollar just weakened against the euro (which is incredibly hard to do), so i assumed the same was true against the pound.
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Old 09-14-2012, 08:51 AM   #17
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Thumbs up Fairfx

Hi there,

Just to let you know that Fair FX are quoting £1 to $1.60, which is good as they are FSA checked and I only go with these firms since I lost upwards of 4 figures with a bad company last year.
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Old 09-14-2012, 08:51 AM   #18
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It seems to have got better in the last week or so :D
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Old 09-14-2012, 09:26 AM   #19
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Slowly creeping up,wonder how long til we're back in the glory days of $2 to the £.
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Old 09-14-2012, 10:50 AM   #20
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it went up a bit because of the Fed's move to start printing money (to buy back debt). A move that weakens the dollar, resulting in an improvement of the exchange rate for the sterling.
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Old 09-14-2012, 05:32 PM   #21
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Hopefully this is the beginning of it going up again. Really cannot remember the last time it was $1.60 to the £1, must be well over 2 years??
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Old 09-14-2012, 10:08 PM   #22
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Quote:
Originally Posted by Tink1987 View Post
Hopefully this is the beginning of it going up again. Really cannot remember the last time it was $1.60 to the £1, must be well over 2 years??
No, it has touched 1.60 quite a few times over the last couple of years. I bought a few months ago (can't remember when, but during the school summer hols) and I got a rate of 1.60 on FairFX. Also bought at 1.62 odd before our trip last year. It does hit 1.60 - it just hasn't been sticking
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Old 09-15-2012, 12:20 AM   #23
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Last 12 months here http://www.bbc.co.uk/news/business/m...elve_month.stm

Its been over $1.60 Nov, Apr & May but not for long before it dropped, usually after a speech from Merv King, just hope he doesn't open is mouth this time, it might stay up.
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Old 09-15-2012, 02:33 AM   #24
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Thanks very much for the info, apologies for giving out the incorrect info :-)

Have a great day all.
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Old 09-15-2012, 04:16 AM   #25
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1.57 today with the post office
158.8 with fairfx

Looks like it's still going up!!
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Old 09-15-2012, 04:26 AM   #26
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Quote:
Originally Posted by madmumof2 View Post
1.57 today with the post office
158.8 with fairfx

Looks like it's still going up!!
1.62 with my PO credit card, hope it continues to rise, 46 days to next trip.
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Old 09-15-2012, 07:37 AM   #27
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Im trying to wait until the end oft month (pay day) to get our £2000 changed as wanted to do it all at the same time but I'm now wondering if I should at least change £500 at the post office or something to secure a good rate for part of out money!

Anyone think it's going to keep climbing or do we think it's going to drop soon?

I hate the waiting game lol on a positive note it's now just over 3 wks before we go
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Old 09-15-2012, 08:31 AM   #28
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Quote:
Originally Posted by wayneg View Post
1.62 with my PO credit card, hope it continues to rise, 46 days to next trip.
Is it a better rate when buying currency from Post Office using their credit card?

I was accepted for a card a few months ago and was going to use it for overseas purchases and not my actual spending money.

Thanks

Andrea
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Old 09-15-2012, 09:58 AM   #29
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Is it a better rate when buying currency from Post Office using their credit card?

I was accepted for a card a few months ago and was going to use it for overseas purchases and not my actual spending money.

Thanks

Andrea
The rate you get on a PO credit card is the full interbank rate, its not possible to get anything higher.
Don't now a great deal about buying currency anymore, not done it for years. I use my CC for everything, only cash we spend is for tolls so we don't need spending money.
I would guess you get the rate quoted above, $1.57, about 5 cents less than using your card.
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Old 09-15-2012, 01:11 PM   #30
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