Sterling getting stronger, now $1.55157 at 3.20pm today.

[Samaya]

Good to see sterling getting stronger by over 2 cents, quoted at $1.55157 this afternoon at 3.20pm.

http://www.xe.com/currencycharts/?from=GBP&to=USD&view=1D

 

[Happy Tappy]

I remember going to NY about 7 years ago and it was £1:$2

I prey we'll see those rates again!!!

 

[tinks_1989]

That's great we were going to get our dollars yesterday will hold off for a few more days then

 

[General Panic]

Mmmmm , i work in an office that does Foreign Exchange , our rates are considered the best in town (albeit a small town ) and we are selling the US $ at 1.4805 today.

 

[Happy Tappy]

Mmmmm , i work in an office that does Foreign Exchange , our rates are considered the best in town (albeit a small town ) and we are selling the US $ at 1.4805 today.

Foreign exchanges rarely match the official rate.

If the rate is $1.55 I'd expect an exchange to be offering the rate your office is.

 

[Samaya]

Best Foreign Exchange in London is currently showing a selling rate of $1.5330 while Covent Garden FX is listing $1.5279.

http://www.bestforeignexchange.com/Exchange-rates-check-exchange-rates.php

http://www.coventgardenfx.com/en/exchange-rates

 

[thestevied]

Frustrating, I've just about got all of my dollars, bar the last few hundred! Good news in general though...

 

[2Tiggies]

I remember going to NY about 7 years ago and it was £1:$2

I prey we'll see those rates again!!!

Not likely in the foreseeble future but I remember the days with the same fondness. Our first WDW trip I got just under $2:£1 and bought more as soon as we got back for the next trip. Those were the days indeed!!

Thanks for the post Samaya. We all love a bearer of good news

 

[bobbins]

Mmmmm , i work in an office that does Foreign Exchange , our rates are considered the best in town (albeit a small town ) and we are selling the US $ at 1.4805 today.

That'll be based on yesterday's price though. Will be a couple of cents more tomorrow.

Not seen any news today so don't know what's triggered this. Baffling really - the pound is so weak and the dollar should be getting stonger (ie less dollars for our pounds). Good job I'm not a currency trader.

 

[Squidgyness]

To think we've just got a buyer on the hook for a house in the family and my father is gleefully planning what to do with the money... Back when it was $2 to the pound my parents were bone dry on funds and taking out loans... Shame we didn't have that lump sum then, would have stretched a heck of a long way. Oh well.

Still, good to see the rate getting better. I wonder what it will be next year if can convince my family to go sooner rather than later... Anyone got a spare crystal ball I could borrow?

 

[Karlius]

I use martin lewis's site to compare prices.

http://travelmoney.moneysavingexpert.com/holiday-money/

I currently have a £1 to $1.52 rate pre arranged for pick up from Thomas Cook apparently if you don't do this through the site your rate will be less. But get on board as it is highly likely this peak is about to drop back down to sub $1.5 in next few days.

If you were buying today on a decent credit card in US $ you'd be quids in though! Probably looking at $1.56 to the £.

 

[ninamouse]

I use martin lewis's site to compare prices.

http://travelmoney.moneysavingexpert.com/holiday-money/

I currently have a £1 to $1.52 rate pre arranged for pick up from Thomas Cook apparently if you don't do this through the site your rate will be less. But get on board as it is highly likely this peak is about to drop back down to sub $1.5 in next few days.

If you were buying today on a decent credit card in US $ you'd be quids in though! Probably looking at $1.56 to the £.

This is really useful thanks.

I am travelling in October so not sure when to take the plunge and change up. Do you think it's worth waiting?

I went to Asda today and got some dollars for a birthday gift. They were exchanging at $1.50

 

[zippy99]

I got a email from FairFx stating $1.52 - but when I bought £450 worth I got a rate of $1.5308

Somewhat pleased with that - considering when I got $465 a couple of weeks back in Thomas Cook it was at a rate of 1.434!

 

[Karlius]

No problems it's a great site. I missed my reservation last night as the store closed early luckily the rate went up to 1.524 so saved me another few quid.

The rate we are seeing now is the highest it's been for some time and some say its higher than expected which means a fall could happen. Just three weeks ago my brother got a rate of $1.48 to £1.

If you were getting $1500 (An average amount for two week holiday) that would mean the following difference.

At today's rate of circa $1.52 to the £ cost would be £986.84
If the rate drops back to $1.48 to the £ it would cost £1013.51
That's a £26.50 swing in three weeks.

It really depends on how many $ you plan on getting. The lower the amount you require the less the savings are on any fluctuation in the market.

 

[2Tiggies]

That's a £26.50 swing in three weeks.

That's a lot of Dole Whips!!

 

[Evoga]

Tapering is expected in September so hopefully the rate will end up even higher.

 

[ukool]

getting ours at the end of the month so hopefully it will stay up.

 

[tubtruck]

Bought $5000 the other week to stick in my US account at 1.503 so lost a bit, then again you win some, you lose some. At least I bought 250 SSR DVC at 1.91 which is likely to be one of my largest ever $ purchases and 125 BLT at 1.86

Crazy situation was Natwest wanted £29 to simply transfer the cash and offered a rate of 1.46 when one of those rip off money lending shop places that have sprung up everywhere was offering the 1.503 for actual cash. I thought what the hell I will carry it with me for that difference.

 

[ninamouse]

Tapering is expected in September so hopefully the rate will end up even higher.

What's Tapering?