Exchange Rate

[sara969]

What would be a good rate and what would be a poor rate? At the moment.


So i have a rough idea of what what is good now a days.
I havnt got a clue about dollars, ive never used them before.

I need to understand the dollar and look out for a good rate ...

Many thanks

 

[bod diddy]

I don't want to be too rude and get banned from here, but...

Do you need a new thread for every little question? There is a search function, it is possible that the question has been answered before. Always worth a shot.

 

[Mrs Doubtfire]

I think the current rate of 1.65 is quite good - of course last year we were getting $2 to the £ - but that is brilliant.

Anything above $1.50 isn't bad - in my opinion.

 

[Pegasus928]

A good rate was when it was at $2 for every £1 - but the general opinion would be that those days are gone and probably won't be back for a while.
If you were to get a rate today of 1.6 then that might seem good - but then if the rate goes up and in the pounds favour then you may kick yourself for exchanging it too early.P
Personally I wouldn't worry too much about it until you have money ready to exchange then watch what the $ seems to be doing for a week or 2. Go onto one of the financial sites - Yahoo is as good as any - and trend it back a month or 2 to see which way it is heading and make your decision based on that.

 

[UKDEB]

I don't want to be too rude and get banned from here, but...

Do you need a new thread for every little question? There is a search function, it is possible that the question has been answered before. Always worth a shot.

Hey there, bod diddy. I can see you're new around here, so I'm not going to take issue with your post and I'm sure there are others here thinking the same thing, so I'll take the opportunity to spell out the lay of the land.

Interaction is what makes a community. The search function is there for those who choose to use it, but it isn't compulsory. During my 9 years here, I've seen the same questions asked over and over. I can choose whether or not to answer them. If I can't be bothered, it's no biggie as someone else who does have the enthusiasm will be along soon. That's how the wheels keep turning. No-one asking questions = no forum.

Furthermore, posters are encouraged to start a new thread for each topic - it makes it easier for others to select those where they do feel they can make a contribution.

 

[wayneg]

I think I read a while back the average rate over the past 10 years has been approx $1.60 but I can't find where I read it. If thats true which I don't think it will be far wrong we are now getting about average but it was a lot better last year reaching over $2, this year hit a low of around $1.35.
At current levels things are well priced for us, when it got down to the low earlier in the year it made things a bit pricey.

 

[howlongtillsummer?]

You keep on asking Sara. I think your posts are very interesting and are useful to many people.

The more the merrier!

 

[craigs bride]

You keep on asking Sara. I think your posts are very interesting and are useful to many people.

The more the merrier!

i agree !

 

[Andy Lou & Meg]

9 times out of 10 someone else is thinking the exact same question

Keep 'em coming

 

[happyj]

Hi Sara we are from the same neck of the woods .I agree last year was amazing but if in the future we get 1.50 and above we will be pleased .Janet

 

[sara969]

Thank you for all being so kind and friendly everyone, i really appreciate it

Now i have a good idea about whats a Strong and Weak rate, i will be watching closely at the $ to grab a good rate

 

[jayduk]

I don't want to be too rude and get banned from here, but...

Do you need a new thread for every little question? There is a search function, it is possible that the question has been answered before. Always worth a shot.

I don't think a thread started a year or so ago about exchange rates would be very useful to Sara. They change daily! And as people say, last year was particularly high.

I walk past an exchange place every morning to work and i make a point of looking. It was up at 1.7 a couple of weeks ago. I'm hoping for 1.6 when it comes to our holiday, if they ever get to 1.8 i may get some! It's also worth haggling a little. You might only get an extra 0.1 but it can all help, especially when changing large amounts for families or groups!! Last year i got an increase of 0.3 on Euros by bouncing between two travel agents and being cheeky! Also there are some good places online for rates now days but be aware of postage costs.

 

[ScottishDisMam]

What would be a good rate and what would be a poor rate? At the moment.


So i have a rough idea of what what is good now a days.
I havnt got a clue about dollars, ive never used them before.

I need to understand the dollar and look out for a good rate ...

Many thanks

Funnily enough i've been wondering about that too this last day or 2.Not going for 11 weeks but am going to be looking to see what everyone else thinks about whens the best time to exchange.

Lisa

 

[fairytale]

Hiya, Sara, ask away

I struggle like hell with the search facility on here anyways for some unknown reason, and always end up asking a question I feel sure has been asked ten times over.

I remember vaguely back in 2005 we must have got a rate of around 1.5$ to the £ as I recall trying to half the amount and then add it back on, if I'm making sense.

This year I have been buying our spends through www.crowncurrencyexchange.com. Each time it has reached over 1.65$ to the £ I have ordered a few more. Again I agree anything over 1.50 imo is a good rate

 

[sara969]

Hiya, Sara, ask away

I struggle like hell with the search facility on here anyways for some unknown reason, and always end up asking a question I feel sure has been asked ten times over.

I remember vaguely back in 2005 we must have got a rate of around 1.5$ to the £ as I recall trying to half the amount and then add it back on, if I'm making sense.

This year I have been buying our spends through www.crowncurrencyexchange.com. Each time it has reached over 1.65$ to the £ I have ordered a few more. Again I agree anything over 1.50 imo is a good rate

Awww thanks so much for the link im gona have a peek at it now. Thank you

 

[natalielongstaff]

im happy with $1.60 or more at the moment

last time we went we got $2.00

 

[sara969]

im happy with $1.60 or more at the moment

last time we went we got $2.00

Wow i wonder if it will reach that again sometime soon, will be nice if it does

 

[Pegasus928]

Wow i wonder if it will reach that again sometime soon, will be nice if it does

From what I have read recently its unlikely we will see exchange rates like we had last year for a good few years to come.
Personally, and from a purely selfish point of view, the longer it stays as it is the better it is for me as I am paid in dollars into a UK bank account.

 

[paulh]

have been going since 92 every year,we have gotten as low as $1.25 up to $2.05. but the average is around $1.60 throughout that time.
That what we use as a benchmark as that's what we bought into DVC at
For us not to go rate would have to drop well under $1-£1
Paulh

 

[kristieuk]

I always ask questions I'm sure have been asked before, but the search sometimes brings up a lot of related issues that don't deal with your specific query, so it's often a lot quicker to ask - and it makes me feel better knowing I'm not the only one

Anyhow, with regards to your question, I use 1.60 as a benchmark because over the years I have been going, that seems to be the average. $2 last year was wonderful, but I agree, unlikely to be seen anytime in the near future. We have had years (in the last 10 years) at less than 1.30 or 1.40.

It's so difficult in this climate to predict what will happen, and the market rate seems to be hovering around 1.64 / 1.65, so I would say if you see anything better than 1.60 (tourist rate), it's a fair bet.