$2.10 = £1

[kev kendall]

Crown are offering this rate for deliveries in March - am I understanding the website correctly? Seems too good to pass up - thinking about getting my dollars now even though I don't go till August!!!

 

[juliebro]

Seems a good rate. But I would assume they are offering this rate because they strongly believe the dollar is going to weaken further against the pound by then. If it does, then you may get a better rate than that if you wait. Plus you get interest on your money until then.

It's a bit of a gamble either way.

Julie

 

[disneyholic family]

Seems a good rate. But I would assume they are offering this rate because they strongly believe the dollar is going to weaken further against the pound by then. If it does, then you may get a better rate than that if you wait. Plus you get interest on your money until then.

It's a bit of a gamble either way.

Julie

yes, crown is making a good bet that the dollar will fall further.
and even if it doesn't, it's a good deal for them, since they'll have your money for 5 months before they have to give you anything back for it...
so unless the dollar strengthens miraculously over the next 5 months, they'll come out ahead...

 

[oceanscape]

.....and don't forget the charges:

Amounts up to £500 = £10 one off charge
Amounts £501 - £750 = £12.50 one off charge
Amounts £751 - £1000 = £15 one off charge
Amounts £1001 - £1500 = £20 one off charge
Amounts £1501 - £2000 = £25 one off charge
Amounts £2001 - £3000 = £30 one off charge
Amounts £3001 - £10,000 = 1% charge

....they win both ways: they keep your cash (and all the interest) until March, and they can bag the currency as and when the rates are at their best.

Personally, I keep my money in a high-interest savings account and use the Post Office CC whilst in the US. This gave me rates of over $2 to the £1 in August and I didn't need to pay a penny until I got back from my holiday, meaning my cash was earning interest for as long as possible.

 

[TraceyL]

... they take your money now & 'promise' to deliver it in March, no guarantees if the compnay goes under. Know where I'd rather keep my money!

 

[keasden]

.....and don't forget the charges:

Amounts up to £500 = £10 one off charge
Amounts £501 - £750 = £12.50 one off charge
Amounts £751 - £1000 = £15 one off charge
Amounts £1001 - £1500 = £20 one off charge
Amounts £1501 - £2000 = £25 one off charge
Amounts £2001 - £3000 = £30 one off charge
Amounts £3001 - £10,000 = 1% charge

....

Those charges only apply to their 41-50 day Interbank rate. There would be no charge for currency ordered for March, or indeed for money ordered for delivery in the next 40 days, however these periods do attract different exchange rates.

I did get £1000 of dollars off Crown earlier this year and they were delivered on the day promised, HOWEVER as others have pointed out there is no guarantee of recovering your money should they go belly up and I would be very nervous at giving them a large sum of my hard earned cash till next March with no guarantee.

 

[mickg7dyd]

Hi,
I have used Crown several times and they have always offered the best rate and delivered has promised. On one occasion they rang me to tell me they would be sending my cash early has the local sorting office were due to go on strike. I agree there is an element of risk by handing your cash over rather than investing it somewhere safe such as BCCI or Northern Rock for instance...

Mick

 

[natalielongstaff]

we ordered from crown for our september trip.....the service was top notch and i have no qualms about using them again

we got $2 to the pound and i was really pleased with that

 

[kev kendall]

Ok - you've all freaked me out now! I'll keep the money in my bank account and just go to the highs street a few weeks before!!!!

 

[natalielongstaff]

Ok - you've all freaked me out now! I'll keep the money in my bank account and just go to the highs street a few weeks before!!!!

i must add that i kept an eye on the high street rates and they never reached $2 !!

 

[oceanscape]

i must add that i kept an eye on the high street rates and they never reached $2 !!

Thomsons/Thomas Cook has a few $2/£1 special offers, and M&S reached $1.99 as well.

 

[jmagla]

I have used Crown Currency several times and have been very impressed, always delivered on time and great rates. I have ordered my money for next year at a rate of $2.10 and am very happy with that.

 

[juliebro]

You're probably all already aware, but the Nationwide credit card gives you the business rate when you use it in the US. back in April/May we got over $2=£1 on our transactions.

Nothing paid up front, no risk, no extra charges.

Julie

 

[Tammy Stringer]

We have used Crown Currency exchange but also use our Nationwide Credit card abroad - both have proved invaluable in making the best use of our spending money.

We like to use a combination of dollars, travellers cheques and a credit card - we always think that once Crown advertise a rate that we are pleased with we feel happy buying ahead (provided we have the money saved - obviously) - there are no guarantees that it will be the best rate when we come to travel but on the other hand if we save the money in a bank/building society by the time we come to buy nearer the time the rate may well have dropped.

Whatever you feel happiest with that's the way to go

Tammy

 

[team harris]

Thomas Cook did similar this Summer. The idea being is that Traveller's Cheques are just pieces of paper that do not have any value until they are cashed. Therefore the seller is gambling on the market. It sounds a good deal, but it also depends on how much money you are looking to change up. Is it worth keeping the money in an interest bearing account until nearer the time?. Remember to take into account the handling fees too.