disneycymru said:Thanks for the reply, just wanted to keep track of how fast I was spending the money. By the way the commercial rate went back up 2 cents on Friday which means Monday the tourist rate should be back up to about 1.82. At the moment the rates are swinging dramatically up to 2 cents a day but they appear to be going up and down with a fairly static trend. Still at these rate who can complain.
tartangirl said:There are ATMs all over the place.
Someone on these boards said that you can get charged for withdrawing cash at certain ATMs - same as you can in this country I guess.
I've taken money out at Publix, Downtown Disney, City Walk and I'm sure other places and never been charged.
I would have thought if you were going to get charged the ATM would tell you as it does in this country.
Thanks for that! i'll keep checking everyday.disneycymru said:Netty,
Travelex selling at 1.8235 up about 2 cents. If you want to see the way the rates are going to go tomorrow just look at the commercial rates today. You can see this easily by going to a site like yahoo finance convert a $ to a £ and then select 1 day chart and then it will show yesterdays closing figure. With Travelex allowing on line ordering and price match you can always stay ahead of a drop, although at the moment it is going up and down as I said before.
The rate will usually be set at the start of day, not on the closing rate of the day before. Overnight the market rates can move by hundreds of points, so setting rates based on the previous days close would be financial Russian roulette.disneycymru said:Netty,
Travelex selling at 1.8235 up about 2 cents. If you want to see the way the rates are going to go tomorrow just look at the commercial rates today. You can see this easily by going to a site like yahoo finance convert a $ to a £ and then select 1 day chart and then it will show yesterdays closing figure. With Travelex allowing on line ordering and price match you can always stay ahead of a drop, although at the moment it is going up and down as I said before.
Ah yes that makes sense, I guess they know what their average turnover is er day, so they can pre-purchase it before-hand.disneycymru said:Sarnia,
Travelex usually change their rate about mid-day but this is based on the previous days movement. I have seen this done several times where the rate has gone down and they have increased the retail rate! I imagine this is because they buy the currency or commit to buy large amounts at the previous days rates. A bit like a fixed rate mortgage if you want to think of it in that way. It's not just Travelex but every does that as they have to fix the rate at some point in a 24hr period. Before the next 24hr period the rate can change quite a bit but not enough to cost them money. If the rates were that volitile you might see them been changed twice a day.
Also overnight the rate generally will only change by fractions of a cent not hundreds of pounds! I don't think I've seen a change of over 1c overnight, most of the time the big changes occur when our markets are open and the East Coast starts up about mid-day our time.
scojos said:im not very good with cause and effect but...
they said on the tv this morning that us banks would be increasing their interest rates next week, surely that is good?
tracy
The next Federal Reserve meeting to decide interest rates is on the 29th June, so they wont change until then.scojos said:im not very good with cause and effect but...
they said on the tv this morning that us banks would be increasing their interest rates next week, surely that is good?
tracy