sorry another $$ question

[uktigger]

hi all
i'm sorry to ask another question on the dollar rate but today i went into lunn poly and enquired how the dollar rate was and the lady asked how much i was changing up(i will have saved £1000 by mid july)and when was we travelling(october)she then told me to just change £500 now and then £500 in july because it was at it's highest today at $176.something and that it will go down
my question to you all is what would you do? or is she just telling me this so i give them my custom?
it would be a great help to me if you could give me some advice

sorry for the long post

eve

 

[Miffy2003]

Hi Eve,

I don't see how the Lunn Poly lady can definitely know it will go down, there was a lot of speculation a while back that we would possibly see $2 to the £ but that never happened either. Who knows?

Personally, I would hedge my bets and change half now and half later. I think you may be able to get a better rate than what she has quoted though; try www.travelex.co.uk which is currently showing as $1.788 to the £. I've always found the Post Office and M&S to have better rates than elsewhere too (but haven't checked this out tonight)

HTH

Karen

 

[allie5]

First, dont use Lunn Poly!! Marks and Spencers tend to be the best for high street currency. They were $1.78 today. The post office also has excellent rates. The best is usually Travelex, but there arent too many of those around.

We had a tip off from a friend who works at an American bank that the rate would peak in June. I think we may see a few more cents up before the end of the month. Keep an eye on the "Spot Rate" not the tourist rate (which is lower) on a site like Bloomberg. The spot rate will generally fall 24 hours before the tourist rate.

At the end of the day though, its a gamble. I think $1.78 is an excellent rate (considering it was $1.55 this time last year) so I dont think it would be foolish to buy now.

 

[uktigger]

hi karen and allie
thank you for your help i didn't think about going to marks and spancer i'll check them out tommorow,i think i will go with what you say and change half now and half later and hopefully we might hit $2 to the £
thanks again for your quick responce
eve

 

[MsPennieLane]

Hi there, we've done the same thing - changed some up now as the rate was good then we'll see what the rate does. We got 1.778 at Lloyds for traveller's cheques. M&S did have a great rate but it worked out the same as Lloyds so we went with Lloyds as we could pick them up from our branch. Anyway, I think the Lunn Poly woman was just after your business - nobody knows what the dollar is going to do just yet, it could still go up more.

Anz

 

[shellbell]

Hiya

We to have change half of our spending money we got $1.77from lloyds and are checking the rate everyday in hope of getting anything over that.


Michelle

 

[xsred]

I used these last week and they had a better rate than M &S and Travelex. Paid online and the money came the next day, awesome service!!

www.onlinefx.co.uk/

 

[uktigger]

hi
thank you for your replies

anz,
that is exactly what my dh say's about the woman in lunn poly i, quess they will say anything to get your custom

michelle,
i too am going to go with changing some now and then wait and see what the $$ rate does

eve