todays exchange rate

[skelfbsfb]

Well it looks like to £ is rallying against the $ on Fx it is back up to $1.58 so hopefully will continue to rise.

 

[wayneg]

Well it looks like to £ is rallying against the $ on Fx it is back up to $1.58 so hopefully will continue to rise.

$1.58 is just an advert on their homepage, quoting a price from 15th Oct. Todays top up rate is $154.75.

 

[skelfbsfb]

$1.58 is just an advert on their homepage, quoting a price from 15th Oct. Todays top up rate is $154.75.

wayne Im on FX live currency and its trading now at $1.5853 up 0.0148

 

[wayneg]

wayne Im on FX live currency and its trading now at $1.5853 up 0.0148

Sorry you meant the interbank exchange rate, I assumed you meant Fair FX as usually quoted in this thread. Yes there has been a little rally this afternoon

 

[les2425]

today rate at thomas cook online $1.5193 UP $0.0048
£500 = $759.65 UP 2.40
DOWN $12.20 Since Friday
Record low monday 17th may $1.3786 £ 500 = $689.30
Record high tuesday 1th nov $1.6357 £ 500 = $817.35

 

[dee slack]

I'm happy with the $1.54 I got from Thomson's today, some places were offering $1.48

 

[igk]

Interbank rate's back down to 1.57 so unless it jumps overnight tomorrow looks red...

 

[les2425]

today rate at thomas cook online $1.5180 DOWN $0.0010
£500 = $759.00 DOWN 0.10
DOWN $0.65 Since Friday
Record low monday 17th may $1.3786 £ 500 = $689.30
Record high tuesday 1th nov $1.6357 £ 500 = $817.35

 

[les2425]

today rate at thomas cook online $1.5209 UP $0.0029
£500 = $760.45 UP $1.45
UP $0.80 Since Friday
Record low monday 17th may $1.3786 £ 500 = $689.30
Record high tuesday 1th nov $1.6357 £ 500 = $817.35

 

[skelfbsfb]

A step in the right direction.

 

[les2425]

today rate at thomas cook online $1.5238 UP $0.0029
£500 = $761.90 UP $1.45
UP $2.25 Since Friday
Record low monday 17th may $1.3786 £ 500 = $689.30
Record high tuesday 1th nov $1.6357 £ 500 = $817.35

 

[skelfbsfb]

Another blue day, can it be the same tomorrow. Lets go for 3 in a row.

 

[les2425]

today rate at thomas cook online $1.5228 DOWN $0.0010
£500 = $761.40 DOWN $0.50
UP $1.75 Since Friday
Record low monday 17th may $1.3786 £ 500 = $689.30
Record high tuesday 1th nov $1.6357 £ 500 = $817.35

 

[JonFozz]

Just got $1.54 today with the post office on line

 

[les2425]

today rate at thomas cook online $1.5344 UP $0.0116
£500 = $767.20 UP $5.80
UP $7.55 Since Friday
Record low monday 17th may $1.3786 £ 500 = $689.30
Record high tuesday 1th nov $1.6357 £ 500 = $817.35

 

[skelfbsfb]

The Interbank rate finished at 1.6039 today.

 

[wayneg]

The Interbank rate finished at 1.6039 today.

I saw that earlier this evening, hope it holds above $1.60 now but I guess we will have someone like Mervyn King giving a speech next week to knock it back down again, they don't like it any higher than this.

 

[amystevekai&bump]

The Interbank rate finished at 1.6039 today.

I saw that earlier this evening, hope it holds above $1.60 now but I guess we will have someone like Mervyn King giving a speech next week to knock it back down again, they don't like it any higher than this.

sorry I should know this by now!! What is the interbank rate??

The reason I ask is I wanted to know where to find the approx exchange rates you get on your credit card purchases (I know it depends on fees) - but I understood the exchange rate is still better than the normal tourist rates - is that right?? if so, where can I find what the current approx cc rates are??

(I am looking to pay up front for my Disney Dining Plan on my credit card - and wanted an idea of what rate I would be getting, so I could decide whether to pay in advance now or hold out until I get there in Dec).

Many thanks

 

[Disneymad]

Interbank rate is the value that the banks use in their transactions to each other. If you check in the Business section of the BBC new website, they're always quoting the Interbank rate.

Most (possibly all) credit cards use the Interbank rate for transactions however unless you have a fee-free card the providers fee will drag the rate down. This sounds bad but pragmatically unless you've a particularly poor credit card company this basically amounts to paying the Tourist Rate so your not exactly losing out, you're just not gaining anything extra if that makes sense

 

[wayneg]

sorry I should know this by now!! What is the interbank rate??

The reason I ask is I wanted to know where to find the approx exchange rates you get on your credit card purchases (I know it depends on fees) - but I understood the exchange rate is still better than the normal tourist rates - is that right?? if so, where can I find what the current approx cc rates are??

(I am looking to pay up front for my Disney Dining Plan on my credit card - and wanted an idea of what rate I would be getting, so I could decide whether to pay in advance now or hold out until I get there in Dec).

Many thanks

Interbank rate is the wholesale exchange rate everyone works to, from this banks/credit cards take a profit/percetage, most charge 2.75-3%, you can check the current rate on BBC http://www.bbc.co.uk/news/business/market_data/currency/11/12/intraday.stm
Just now rate is $1.604, if you spend $1,000 with a card charging 3% you will pay £642.72. If you get yourself a fee free credit card (Post Office, Santander Zero or Halifax Clarity) the $1,000 would cost you £623.44, £19.28 for every $1,000 you spend. Not a massive fee and the $1.555 ($1.604 less 3%) is probably better than exchanging in the High st but its fee I hate paying and not neccessary with the right card.

Someones probably replied before me now, just taken me forever writing this between customers, busy morning here