1.165 Euros or 1.51 Dollars to the Pound! - HotUKDeals
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1.165 Euros or 1.51 Dollars to the Pound! £1.00

£1.00 @
Just to give you an example: If you were to change £500 today at the Post Office you would get: 543.40 Euros or $703.10 Change the same amount through this site you will get: 561.45 Euros or … Read More
Chris-TT Avatar
8y, 2m agoPosted 8 years, 2 months ago
Just to give you an example:

If you were to change £500 today at the Post Office you would get:
543.40 Euros or $703.10

Change the same amount through this site you will get:
561.45 Euros or $720.00

As we all know our currency is in a bit of a state right now, I for one am a bit nervous about the exchange rate at the moment. The government are talking about Quantitative Easing (printing more money) which if happens will weaken sterling even more, making spending money for the summer holidays even more expensive.
Right now the exchange rate is actually looking a bit better than it has the last few weeks currently: 1.14 euros to the pound and just under 1.45 dollars to the pound.

On the Money Saving Expert website I found the site above a lot of well respected high post members recommended it on the forum as did the main site. The way it which it works is you change your currency now (minimum £300) and they send you your foreign currency a few weeks later, generally the longer you are prepared to wait the more money you will get. They put your money in a high interest savings account (probably in stronger currencies with higher interest rates) then at the right time they buy the currency you want and send it to you by special delivery. As I have said several high post members have tried and recommend this service, as have other posters so I would defiantly say its save.

Link to Money Saving Expert Currency finder: http://travelmoney.moneysavingexpert.com
Chris-TT Avatar
8y, 2m agoPosted 8 years, 2 months ago
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(22) Jump to unreadPost a comment
Comments/page:
#1
Hardly a deal, you're just gambling on the exchange rate. Who's to know what the rate wil be in a few weeks/months time when you get your money, it's currently improving so you're just as likely to lose out.
#2
Talk of QE should be offset against the lowest the Dow Jones has been since 1997 (ever?) and the Eastern European countries falling apart at the seams and taking the euro with it.

Can go any which way really.
#3
It’s a guaranteed rate which is higher than the current market rate. Fair enough if you want to wait for the government to announce QE in the next few weeks and see how the money markets react.
If however you plan on changing up your holiday currency before hand while the market is looking slightly better than it has done, this is a much more profitable way of doing it than walking into the post office and exchanging the money tomorrow.
I for one don’t want to risk going on my summer holiday with the exchange rate at less than 1 euro to the pound.
#4
So, if you buy from the post office, you know exactly what you are getting.
If you buy from here, then you have to wait a few weeks to find out how much you get.
Suppose in that time the good old government decides to print more money, aren't you then stuffed?
Or have I read that wrong somewhere?
#5
Deal or no Deal
#6
http://tbn1.google.com/images?q=tbn:y4aVKh6BftM__M:http://www.deal-or-no-deal-book.dond.co.uk/deal_or_no_deal_book_large.jpg
banned#7
darren9030;4471471
Deal or no Deal

No deal. Currency rate could go either way. I reckon it will hit 1.20 by the summer.

I dont like taking too much cash abroad either and prefer to use a nationwide debit card as then you get a realy good intra-bank exchange rate at euro cashpoints and zero commission.
#8
Jumpingphil
So, if you buy from the post office, you know exactly what you are getting.
If you buy from here, then you have to wait a few weeks to find out how much you get.
Suppose in that time the good old government decides to print more money, aren't you then stuffed?
Or have I read that wrong somewhere?


You've read it wrong. You are buying today at a guaranteed exchange rate for delivery in the future. Their website is quoting an exchange rate of $1.51 for every pound if you pay today and accept delivery betwen 25/07 and 12/09. Doesn't matter what happens to the currency exchange rates on the markets - you will get $1.51 for every pound. If the markets slide, you're quids in. If the markets rally, you may break even or you may lose a bit.

They do offer excellent exchange rates but it's not a deal per se, more of a speculative punt on the currency market.
#9
sorry for acting dumb but whats QE is it queen elizabeth
#10
what a pile of *****

they get to keep your cash for 5 to 10 months
also the £ cant get much lower
#11
Borat
sorry for acting dumb but whats QE is it queen elizabeth


Quantative Easing
#12
Shonk
what a pile of *****

they get to keep your cash for 5 to 10 months
also the £ cant get much lower


If only that were true - the £ could get much lower ... if foreign governments/large financial organisations start to think the UK/Gordon’s trainset cannot afford to repay all the money that the UK government is borrowing............ the saving grace is that the EURO and US $ also have large problems.........
banned#13
Shonk
what a pile of *****

they get to keep your cash for 5 to 10 months
also the £ cant get much lower


Tell that to the people who've just picked up $ @ over $2.00 to the £ recently.

Each time I've used - I've been quids in.
#14
going purely on trends, the pound bottomed a while ago (jan 23rd)and is now slowly recovering.
#15
If you buy your currency at the Post Office there is every chance that by the time to reach the front of the queue the rate will have changed anyway.:p
#16
In the current climate I think this is a big gamble. You have to pay your money up front and if they go bust before your money arrive you get nothing back. This company is not covered by ABTA / IFSA and they do not accept credit cards, only Bank Transfers. You would not have a leg to stand on !!!!!

Very Cold
[mod]#17
Moved as its not a deal post.
#18
Am I missing something or has someone taken the link away?
#19
I can't see any reference on the MSE website to the service you link to. Is it a con?
#20
I have $4,500 sitting in a US bank account with a Visa debit card. Any ideas how I can get this money out at the best rate?

I can't do a bank transfer (wire as they call them in the States) because I have a UK address associated with the account.
#21
flyingflea
I have $4,500 sitting in a US bank account with a Visa debit card. Any ideas how I can get this money out at the best rate?

I can't do a bank transfer (wire as they call them in the States) because I have a UK address associated with the account.



Dear Friend,


I am Mr.Emory Barr, Accounts Manager, of Abbey National PLC
Bromley Rd Branch. I have an important business proposition for you.

On December 12th, 2007, a German contractor with the British Pertroleum co-orporation, United Kingdom ,Mr. Olaf Partetzke made a numbered time (Fixed) Deposit for twelve calendar months, valued at US$ 17,350,000.00 (Seventeen Million Three Hundred Hundred and fifty Thousand Dollars only) in my branch.
Upon maturity,I sent a routine notification to his forwarding address but got no reply. After a month, we sent a reminder and finally we discovered from his contract employers, the British Pertroleum co-orporation that Mr.Olaf Partetzke died from an Automobile accident further investigation,
I found out that he died without making a WILL,and all attempts to trace his next of kin was fruitless.

I therefore made further investigation and discovered that Mr. Olaf Partetzke did not declare any kin or relations in
all his official documents, including his Bank Deposit paperwork in my Bank. This sum of US$ 17,350,000.00 is still sitting in my Bank and the interest is being rolled over with the principal sum at the end of each year. No one will ever come forward to claim it. According to inheritance Laws of the United Kingdom, at the expiration of 5 (five) years, the money will revert to the ownership of the Local Government Authorities here in Wales, United Kingdom, if nobody applies to claim the fund.

Consequently, my proposal is that I will like you to stand in as the next of kin to Mr. Olaf Partetzke
so that the fruits of this old man's labor will not get into the hands of some corrupt government officials.This is simple, I will like you to provide immediately your full names and address so that the attorney will prepare the necessary documents and affidavits that will put you in place as the next of kin. We shall employ the services of an attorney for drafting and notarization of the WILL and to obtain the necessary documents and letter of probate/administration in your favor for the transfer. The money will be paid into your account for us to share in the ratio of 60% for me and 35% for you and 5% for Expenses Incurred in the course of the transaction .

There is no risk at all as all the paperwork for this transaction will be done by the attorney and with my position as the Manager with my bank will guarantees the successful execution of this transaction. If you are interested, please reply immediately to my private email
box : [email protected]">[email protected]

Upon your response, I shall then provide you with more details and relevant documents that will help you understand the transaction. You should observe utmost confidentiality, and rest assured that this transaction would be most profitable for both of us because I shall require your assistance to invest my share in your country.

Awaiting your urgent reply.

Thanks and regards.


Emory Barr

:whistling:
#22
Thanks Shonk.... but I'm afraid I'm not as generous as Emory Barr and won't be offering 35% of my money to anyone for helping me out :)

I will however offer rep :thumbsup:

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