exchange rate

[madmumof2]

Originally Posted by wayneg

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.

So the rate with the PO card is not 1.62 to exchange GBP for US dollars? Only if you use the card for transactions?

[Tinkerpeas hubby]

Originally Posted by misspickle

thomas cook was 1.58

Really?!!!!! Thats amazing rate for a travel agency,

I'm
Crossing fingers and toes that it keeps on going up, I just know with my luck if I wait it will fall if I buy it will rise lol

[Laurafoster]

Originally Posted by madmumof2

So the rate with the PO card is not 1.62 to exchange GBP for US dollars? Only if you use the card for transactions?

That's right, you get charged the interbank rate for any transactions. Changing GBP to US Dollar cash/travellers cheques you get the standard rate from the website.

We found this out a few years ago and got one, saves us a fortune as we have DVC annual dues etc to pay.

Fingers crossed the rate continues to go up!

[tinkerpea]

I just got 1.70 at the postoffice on £1000,

Really hoping it wise rise a little more at the end of the month for payday!

[wayneg]

Originally Posted by tinkerpea

I just got 1.70 at the postoffice on £1000,

Do you mean 1.60? 1.70 is more than the interbank rate of 1.625

[madmumof2]

Originally Posted by wayneg

Do you mean 1.60? 1.70 is more than the interbank rate of 1.625

It's 1.5740 for small change so 1.60 sounds right for £1000 :D

Slowly going up!! :D

[madmumof2]

Originally Posted by madmumof2

It's 1.5740 for small change so 1.60 sounds right for £1000 :D

Slowly going up!! :D

And 1.60 with fairfx :D

[joolz1910]

I hope it continues to rise! We go in 40 days and although I'm only changing £300, I will still get a good rate on my Nationwide credit card

[wayneg]

Originally Posted by joolz1910

I hope it continues to rise! We go in 40 days and although I'm only changing £300, I will still get a good rate on my Nationwide credit card

Do you know they now charge 2%? used to be a good card but not anymore Unless you use it a lot in the UK, you get credit for charges abroad.

[amacspad]

We just got our first instalment of $800 for £505 this morn, used tesco with there own credit card so no charges either!

Debs x

[joolz1910]

Originally Posted by wayneg

Do you know they now charge 2%? used to be a good card but not anymore Unless you use it a lot in the UK, you get credit for charges abroad.

I don't think they do - it's the Select card, you can only get it if you have an account with them...at least I hope I'm right, or I need to apply for a Post Office card pdq!

http://www.nationwide.co.uk/creditca...ffer-deals.htm

[joolz1910]

Originally Posted by amacspad

We just got our first instalment of $800 for £505 this morn, used tesco with there own credit card so no charges either!

Debs x

That's what I'm going to do too. What was the exchange rate? I can't do the maths

[wayneg]

Originally Posted by joolz1910

I don't think they do - it's the Select card, you can only get it if you have an account with them...at least I hope I'm right, or I need to apply for a Post Office card pdq!

http://www.nationwide.co.uk/creditca...ffer-deals.htm

Sorry I thought you meant a standard credit card. I don't bank with them so I only have the basic card. No fees for select

Debs got 1.584, 4 cents less than your Nationwide card.

[catherine]

I just bought some more $s with FairFX and got 1.60. Hopefully it will continue to rise, but I'm really happy with this!

[amacspad]

Originally Posted by joolz1910

That's what I'm going to do too. What was the exchange rate? I can't do the maths

Lol, 1.582 so pretty good, hope it keeps creeping up!

Debs x