Exchange rate looking good

[LiesaAnna]

when we first went to florida in 2002 we were buying dollars for 1.39 i think, and last time 2004 we were buying them for 1.73 middle of the year then it went to 1.81 whats it gonna be like when we go in Novemebr this year????????? wish i had some spare money to buy dollars now!!!!

[Cruella DeVilla]

Remember you can get a better rate through a broker, you do need a reasonable amount of cah to get the better rates though.

[domster]

I can usually get about .4 under rate on ceefax, so is hovering at 1.86 at the mo.

Will be transfering some money soon so will keep an eye on it.

DOM

[Steve and Dawn]

I think if i remember rightly in 1990 I did get almost $2 to the pound $1.96 I think it was, from a high street bank too!! That was when we was in the ERM The £ was being kept at an artificial level by the Goverment. The following year we left the ERM and the £ found it's natural level of around $1.50. It made a difference when shopping that year!! Our pound is strong now but the Dollar is weak hence this increase. So we might as well make hay while the sun shines as it may not last forever..[msnsmile2]

Steve & Dawn

[Daglish]

Cruella mentioned using a broker to get good exchange rate.

Anybody got one they can recommend as I need to buy dollars to close in April.

Thanks

[John Rocke]

we have used Hifx to send our deposit monies over. they don't charge a transfer fee and the rate is competitive, but you would be wise to register with two or three companies and get a quote from all of them. Mind you if you go back to your choice an hour later,the rate may have altered.

good luck

jrocke

[Snapper]

Xe.com are also pretty competitive Daglish.

If you are doing a large amount you could also try your bank. You need to make sure that you talk to their specialist currency people, not the usual branch staff. If the amount you are dealing is large enough (usually around £10k is the point) they should be able to offer you a commercial rate rather than the retail rate. This is usually very competitive with the likes of hifx and xe, with the benefits of not having to set-up different accounts and wait while all the money moves around. You will know you are speaking to the right people at the bank when they have to put you on hold to get a cross rate from the fx dealers and then tell you that they can only hold this rate for 30 seconds or so.

[Cruella DeVilla]

We use HIFX in Windsor they are very good and we shopped around a bit too.

[janwebb]

We don't go on our holiday till august but over the New Year exchange rate with Marks & Spencers was 1.87 so we bought some!!! I know its a long way off but its given us loads of extra $$$ to spend [clap] and thats gotta be good news.

[Rich-n-Ang]

We have just got 1.89 on a $ transaction on our Nationwide card