$ Exchange Rates

[Lizzy Lemon]

$1.827 at M&S and I went and got mine the other day at $1.797 ah well!

 

[tony64]

Travelex at $1.833 today and I will be at sixty days until our hol. on Monday so I will be grabbing them then

 

[waltfan1957]

try tesco you get points as well £2000 = 2000 points

 

[Andrew DEREK UK]

It is looking good at the moment, I have just paid off part of my Disney trips through Dreams unlimited as its in dollars and the rate is good, USA hiked up interest rates last night do not know if that will have an effect.

 

[mandymouse]

try tesco you get points as well £2000 = 2000 points

How did you get the points ?? and how did you pay ??

Thanks Mandy

 

[rpbert1]

$1.85 and $1.86 today here

 

[mushumadness]

bought my last ones for this year (yes last) through work but did it one the telephone so the £1000 counts as a switch and I earn money back on it (have a money back debit card) got 1.81 travellers cheques.

 

[AndRu]

It migth pay to hang on a little while longer ....

I've been listening to a businees article on BBC Radio 5 Live and reading an article called "Prepare your portfolio for a weak dollar" on page three of the Sunday Times money supplemment. The second paragrapgh says:

"The conditions are right for the dollar to weaken further against the pound." said David Bloom, head of currency researhc at HSBC. "It should go above $1.90 and may test the $2 level."

It then goes on to discuss the one-year high of $1.89. Looking at the last Month and Three Months, the $ has been steadily falling against the £. This isn't great news for business in general but it is good news for us as tourists to the USA.

Even though we're not going until August '07, if the tourist rate does go over $1.90 I'll be raiding the piggy bank to buy some!

 

[mushumadness]

same here I am already saving for next years spending money and if it tops 1.90 I will change it straight away

 

[JohnnySharp2]

$1.90 blimey, that would be brilliant.

We have all our $ for this August but would be very tempted if it carries on rising.
Good luck everyone.

 

[maleficent_man]

Does anyone have experience of the Travelex order service? Thanks...

 

[kristieuk]

Yes, we do this regularly when the rate is good - if we aren't travelling in the short term, we are close enough to the airport to just go and collect them. The $ are always ready to collect on the date stated, and they price match - we normally use the Thomas Exchange rate which is about 2 cents better than Travelex - and you get sent a cheque for the difference in price.

They have always provided an excellent service, and if you order online, you are getting a really good rate.

 

[disneycymru]

Travelex $1.835 today it looks as if it may have stalled around the $1.83 mark as the commercial rate appears to be reluctant to go above the $1.90 rate although it did go above this for a short while today. Tomorrows rate is likely to decline slightly given the small drop in the commercial rate today.

From what the experts say it should climb higher but if they were always right then I dare say they wouldn't want to share the infomation so widely. Anyway I can't see it getting much higher given the commercial rate peeked in the $1.90's at thye end of 2004. Still we shouldn't complain given that it was only $1.41 back in 2001 and that means over a third more fun for the same money!

 

[disneycymru]

The Dollar dropped another 2c on the commercial markets today. Looks as if we may not see $1.90 let alone $2, so those that bought at $1.85 may have made the right move as shortly the commercial rate will be below that!

 

[Andrew DEREK UK]

Small blips happen, it shows the signs of an upward trend

 

[poody1]

i really hope you are right andrew-derek-uk

 

[Sarnia]

Small blips happen, it shows the signs of an upward trend

Yes, the market never moves in a straight line, there are always corrections due to profit taking, speculative flows, large commercial transactions etc.

The GBP/USD fall yesterday was mainly due to traders squaring their positions over the long weekend. Who wants to spend all weekend worrying about a position.

The recent dollar fall is because the market's focus has changed from interest rate differentials, now that the US is near the end of it's tightening cycle, to the US trade and current account deficits. Most in the markets are now forecasting GBP/USD to trade between 1.9300 and 1.9700 over the rest of the year.

I must add a strong note of caution to these forecasts though. Nobody really knows what the exchange rate will do. The articles that you read in the paper are nothing more than an educated guess. When GBP/USD last got above the 1.9500 level most of the market was forecasting that it would go above 2, some as high as 2.5.

Personally i'd say that any rate obtained if the market GBP/USD rate is above 1.9000 is a very good rate historically. Yes it may go a bit higher, but i've seen many people hold out for a few extra points just to end up with a much worse rate.

 

[disneycymru]

A silly question probably but does anyone know how long it take US transactions to hit the account and when displaying a balance I pressume this is in pounds? Thanks for any help.

 

[tartangirl]

A silly question probably but does anyone know how long it take US transactions to hit the account and when displaying a balance I pressume this is in pounds? Thanks for any help.

From memory - when I got a balance in Florida the balance was in $ and not £. Not sure how long it took to hit the account - I think cash withdrawals were instant. Credit card payments were usually all on the account by the time we got home.

 

[Netty]

I am going to change my pounds next week to dollars. I have been keeping track of the dollar/pound rate and it now stands around $1.81 so it has fallen in the past week or so. I did think it was going to go up slightly, but it doesnt look like it to me.