1 Pound = 2+ Dollars - how much higher?

<blockquote id="quote" class="ffs">quote:Originally posted by steve-w
hey Tonish

where did you see that rate ?

travelex are showing $1.92

steve
[/quote]

That's the Foreign Exchange Market rate Steve.

ok thx

<blockquote id="quote" class="ffs">quote:Originally posted by steve-w
hey Tonish

where did you see that rate ?

travelex are showing $1.92

steve
[/quote]
xe.com are showing 1.99 today as I get a daily e-mail with the exchange rate. But that is the Market rate, last thursday I sent money over via Xe.com and got $1.967

We sent money on Friday via XE.Com and got $198.21

Almost $2.02 yesterday. Best (or worst if you see it that way) for 26 years.

I'm seriously tempted to cash in a load of shares and buy some dollars for next year - but as the shares will be sold in dollars, then converted to pounds, any change in the exchange rate will be balanced out - or at least that's how I see it.
Is it this simple or am I missing something?

Kenny

I got the same as you Michelle[msnsmile2] Put a bid in with Xetrade for £1000 if it hits $2[msnwink]

No stopping this rise at the moment - almost $2.03/£1 this morning.

yes i got that through also this morning but rememebr that is the market rate the trading rate is one or two $ less.

Visa rate for credit card transactions is £2.02 today. Use fee free card such as Nationwide and that's what you'll get on purchases.

<blockquote id="quote" class="ffs">quote:Originally posted by Katys Grandad
Visa rate for credit card transactions is £2.02 today. Use fee free card such as Nationwide and that's what you'll get on purchases.
[/quote]

We took out the Nationwide Visa Credit card just for the purpose of using it when we are in Forida and watch the $ and use the card for as definately get a far better exchange rate on purchases.

Spoke to a few friends of mine in the City last night and they think £/$ will be topping out at 2.07/2.10 over the next few months. Just a view and private observation - but these guys have been trading currencies for 20+ years.

TOM

Drew cash out in Florida yesterday with Nationwide debit card and got $2.032/£1.

<blockquote id="quote" class="ffs">quote:Originally posted by Mo Green
Drew cash out in Florida yesterday with Nationwide debit card and got $2.032/£1.
[/quote]

Wow!! That's probably the highest since ATM's have been available.

Anyone ever looked at the exchange rate from US$ to GB£? I've just spotted that it's US$2.23 to the GB£. Pity it doesn't work like that around the other way! [msnwink]

I saw Blott that when I looked on the high street at the weekend....greedy so and sos, highest tourist seing rate I saw was 1.97.

I am nearly ready to send some over the pond.

I am just holding on a little longer till it hits $3 to £1 [msnwink]

I was joking about the 3 to 1, but having said that latest rate is £1 to $2.0461, so you never know[msnwink]

We are thinking of getting some dosh for when we go next year. Thoughts and feelings on buying now would be appreciated - do we buy now or wait a bit longer? They were saying on Bloomberg that the pound won't have much effect on things as no interest rate rises probably until later in the year so it depends what the dollar does. Are they expecting rate changes across the pond which will effect exchange rates?[?]

Without any guarantees,and with all the usual caveats, currency guys are talking $2.10 by end September.

But then, what do they know? They get it wrong as often as they get it right, and they freely admit this. I've given up trying to predict, and just buy when I'm going, but it's up to you.

It will either go up, go down or stay about the same. At least that's always been my experience.[msnwink]

We usually find if we leave it it will go down, if we buy it will go up! :(

well we got ours today at over 2 $ to the pound in going places falkirk [msnsmile2][msnwink]

We changed some today and got $2 to the £1 in Hull. Just need to book a holiday now and hit those malls and outlets.[msnwink]

I started this thread 18 months ago when $1.82 was seen as a great opportunity to exchange your holiday pounds. Today the rate has reached no less than 25 cents higher than that!! The long-awaited £1/$2 rate would now seem a poor exchange.

I suppose it's not great news for some but I reckon that, in real terms, things are the best value they've been in all the years I've been visiting the US.

Surely I'm not the only one who gets hit the wrong way with this? Anyone selling a property and bringing the money home has got to be hurting a little?

I've got a hefty transaction to do early in the new year and the difference between rates when this thread started and now is a really serious chunk of money. It'll be cheap when we get there in December for the holiday, but I'd rather have it the other way round, I'm afraid!

bought some dollars today from First Chioce $2.01 to the pound

Does anyone have any idea how to find out how much I will get on using my Nationwide debit card ?

Linda, it changes every time you use it almost, well certainly every day. It IS the best in our experience, I would not fear using it at all personally, and the "Wallet" , does love a good deal [msnwink]

Linda it is usually as near to the day's business rate as it can be. In other words the best rate you can possibly get[msnwink]
We have used our Nationwide card for the past few years now and no matter what country we are in it always give a great rate.

Thank you ladies :D great help

Well it has finally reached 2.10185 today.It was only a matter of time.

Great news for all those thinking about holidaying in the US.

The USA has always traditionally been great value for UK Guests, but it has just got better!![msnwink]

I just spotted that too Graham. Mind you I was reading yesterday that it is more due to a weak dollar than a high pound and it was expected to drop back a bit in the new year when UK interest rates were looked at again and house prices were expected to drop a bit more. The message was make the most of your Christmas shopping Stateside as it may not last.

Wow $2.10, can't be bad, and easy to do the currency conversion - half it and know it's definately cheaper than that even with the sales tax.

Bags nearly packed, 3 more sleeps to go

:D

Great News, it just topped $2.105 but as fallen back slightly in the last few minutes. I have just done an exchange through Hifx at $2.07.

Just did a serious ammount last month when it was slightly lower and got around 2.039 but now got another serious wad to do in the next week, 2.10 is great although looking around 2.08 probably with the broker!

We went for the Millenium and thought 1.39 was ok at the time![stupid1]

Having recently got a Nationwide Card, what is the maximum cash withdrawal I can make daily whilst here as I would like to take advantage of the good rates, and I take it I can use any ATM?

Sandra

<blockquote id="quote" class="ffs">quote:Having recently got a Nationwide Card, what is the maximum cash withdrawal I can make daily whilst here as I would like to take advantage of the good rates, and I take it I can use any ATM?

Sandra[/quote]

Most ATMs have a max withdrawal of $400.

I have never tried more than one withdrawal in a day, but somebody said that the limit is £300 so I suppose you could take out another $200 from an ATM

You can of course use it for as much spending as you have in your flexaccount.

All ATMs accept the Nationwide card(it is VISA). A couple of ATMs charge $1.50 for a transaction(for any sum) but the majority don't make any charge. On principle I will never use one that charges.

The rate with a Nationwide card at the moment is over $2.10!!!!

Sandra, I always use Sun Trust ATM's and I usually withdraw $500 per day.
This is what it's say's on the Nationwide website under Withdraw cash

As long as you have enough in your account you can withdraw up to £300 in any one day from over 1 million cash machines in the UK and around the world displaying the VISA/Cirrus symbol. Nationwide will not charge you either at home or abroad.

:D:D:D

Thank you for your replies. Just got $400 from machine outside Publix and then went to a Bank AMT which would not allow me a withdrawal. Must admit I did not try $200 so it may have allowed me that. Think I will get hubby to send a large amount from our money broker in UK as I can't keep tripping to ATM's every day. Too much sunshine to be doing that[msnwink]

Sandra