$US up to $2.02 to the £ Crown Currency (other good exchange deals also.) - HotUKDeals
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$US up to $2.02 to the £ Crown Currency (other good exchange deals also.)

£0.00 @ Testing
I'm surpised there is no dealer info here on Crown Currency Exchange - even though I have seen it mentioned a few times in threads. Crown Currency is an online currency exchange company that I have p… Read More
guv Avatar
banned1d, 1m agoFound 1 decade, 1 month ago
I'm surpised there is no dealer info here on Crown Currency Exchange - even though I have seen it mentioned a few times in threads.

Crown Currency is an online currency exchange company that I have personally used a few times. They specialise in one important area that I've not seen in any other exchange company.

If you are worried about fluctuating exchange rates and think you might miss out on current "highs" but are not going to go away for a few months or even a year away - then "help" is at hand.

You can buy currency or travellers cheques from Crown at inflated exchange rates. You pay now and they post (fuly insured) the currency to you when you need it for your trip away.

What this effectively means is that you know excatly the exchange rate you will get. Of course, on the day, the exchange may exceed what you are going to get (a downside for sure), but it is far more likely IMHO that the US$ will recover to more "normal" levels and you will left with a larger bill for your spending money.

I've used this company for 2 US trips in the past year. Each time I have been quids in - even with the better US$ exchange rate we currently enjoy. Currently you can get $2.02 for your trips for next year.

Not going to the US? The have a look at their other currency deals.

I've been promted to post this deal after seeing the other thread currently on the go - which I have voted hot - but because its not going to be around for too long. This one will last! The way I see it, they buy in your currency, and then put your cash to work. In return, you get a better rate.

Current deals on $

Delivery Period From To Exchange Rate
15 - 21 days 18/06/2007 24/06/2007 1.9233
22 - 30 days 25/06/2007 03/07/2007 1.9273
31 - 40 days 04/07/2007 13/07/2007 1.9777
41 - 50 days 14/07/2007 23/07/2007 1.9342
51+ days 24/07/2007 02/09/2007 1.9381
September 2007 03/09/2007 30/09/2007 1.9480
October 2007 01/10/2007 31/10/2007 1.9579
November 2007 01/11/2007 30/11/2007 1.9678
December 2007 01/12/2007 31/12/2007 1.9777
January 2008 01/01/2008 31/01/2008 1.9900
February 2008 01/02/2008 29/02/2008 1.9750
March 2008 01/03/2008 31/03/2008 2.0000
April 2008 01/04/2008 30/04/2008 2.0050
May 2008 01/05/2008 31/05/2008 2.0100
June 2008 01/06/2008 30/06/2008 2.0150
July 2008 01/07/2008 31/07/2008 2.0200
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#1
You've gotta compare this to what you can get by sticking your money in a high-yield saving account. It doesn't sound like a good deal to me when you could put these in an account and have more money available by the time of your vacation.
#2
Can reccomend Crown, used them a few times and always offer good service.
#3
guv
Do you know of any high yield saving accounts for US$ ?

Ive looked into this in the past and the only thing I found was them wanting to Charge you for looking after your currency - not pay interest.

Any links for what you speak of? If you have, then taking the other currency thread on the go at the mo, is the way to go by buying today and saving in an account for the future.

Just saving GBP and hoping the interest rates will be fine next year is not what you are aspiring to I hope?


Under normal circumstances, a high-interest deposit account will out-perform FX deals. What I would suggest is a spot of hedging could minimise risk even further... :whistling:
#4
if you put 100 in high yield eg 5.25 you would have 105.25 less tax you would end iup with about 104 at exc rate of 1.98 = $205.92 therefore $ would have to go up to 2.06 in the next year before you would lose money
Its about what you feel comfortable with. Better people than you or me are forecasting where the $ will be in a years time so the simple fact is if you think it is a good rate now then buy it. Otherwise make a comparison on a good website nearer the time or phone post office or marks and spencers who usually do a reasonable rate. Better still get a nationwide or saga credit card they dont charge a commission and give great rates although they do charge for cash advances. In the USA everyone takes credit cards.
#5
If I understand this correctly, I can immediately pay for my currency and wait until July 2008 for a rate of $2.02. In addition I have to pay a minimum fee of around 1% for this wonderful bargain. Exactly how is this a great deal? I could leave, say, £1000 in a savings account for a year at 4% and then buy my currency in July 2008. In addition, how do I know if this company is going to pay my currency in July 2008?

Much better to get a Nationwide CC or DC and avoid all fees. Nationwide cards give you the current exchange rate with NO exchange fees. Last month I got $2 to £1 from an ATM in the USA with no fees.
#6
guv
Do you know of any high yield saving accounts for US$ ?

Ive looked into this in the past and the only thing I found was them wanting to Charge you for looking after your currency - not pay interest.

Any links for what you speak of? If you have, then taking the other currency thread on the go at the mo, is the way to go by buying today and saving in an account for the future.

Just saving GBP and hoping the interest rates will be fine next year is not what you are aspiring to I hope?


You are missing the point.

If Crown currency are offering you $2.02 in July 2008, then the exchange rate may be better than this by then!

With Crown you pay upfront in £ for a better future rate. Why not invest your £s in a savings account and use this interest to "secure" a high amount of dollars in the future?
#7
im off to florida in 13 months time . i would love to get this $2 rate. i have a spare grand earning 5% ,. can anyone advise a good move for me .... buy now or what .
if i dont do nothing , my grand will be worth £1050 ish , but if i do the $2 .02 ill have $2020 and if the £ weakens to a more realistic exchange of around $1.65 - $1.70 , my £1000 will only get $1650 - $1700 , a difference of over $300 . if i new what was the correct move to make id be RICH. any advise appreciated.
#8
cadmus
im off to florida in 13 months time . i would love to get this $2 rate. i have a spare grand earning 5% ,. can anyone advise a good move for me .... buy now or what .
if i dont do nothing , my grand will be worth £1050 ish , but if i do the $2 .02 ill have $2020 and if the £ weakens to a more realistic exchange of around $1.65 - $1.70 , my £1000 will only get $1650 - $1700 , a difference of over $300 . if i new what was the correct move to make id be RICH. any advise appreciated.


The flaw in the analysis is to assume that a $1.70 exchange rate is "more realistic". I am old enough to remember when it was actually $2.40, so I can't see why any one rate is more realistic than any other.
#9
FF99
The flaw in the analysis is to assume that a $1.70 exchange rate is "more realistic". I am old enough to remember when it was actually $2.40, so I can't see why any one rate is more realistic than any other.

i am only going by avarages over the years. i think the the pound would get you an average of between $1.65 - $1.70. yes there are highs but there are alot more lows .
the probabillity of a $2.40 is extremely unlikely, but finance is a lottery and there always seems to be more losers than winners
#10
Just a word of caution. I believe Crown is a private company and not regulated financially. In theory, if they were to go bust, people could lose all their money.

John
#11
Jfuller
Just a word of caution. I believe Crown is a private company and not regulated financially. In theory, if they were to go bust, people could lose all their money.

John

cor blimey. thats put a different perspective on things. i know ive never heard of them , but could this happen or is it a million to one thing. arnt there clients insured over worse case scenarios
#12
cadmus
cor blimey. thats put a different perspective on things. i know ive never heard of them , but could this happen or is it a million to one thing. arnt there clients insured over worse case scenarios

No mention on their website of any insurance etc. I know someone who has used them and is very happy with the service. Personally I'd err on the side of caution.

Have recently opened an M&S &More credit card account which gives interest free credit till Jan 08 on currency bought through M&S. Seemed like a good option to me.

John

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