US Dollars - HotUKDeals
We use cookie files to improve site functionality and personalisation. By continuing to use HUKD, you accept our cookie and privacy policy.
Get the HUKD app free at Google Play

Search Error

An error occurred when searching, please try again!

Login / Sign UpSubmit

US Dollars

£0.00 @
Hi all, I'm looking to buy some US dollars for a trip to Florida next June. I would really like to get $2 to the pound. I don't mind taking out a deal in advance, eg. pay now receive the dollars in…
el-beatle Avatar
banned8y, 9m agoPosted 8 years, 9 months ago
Hi all,
I'm looking to buy some US dollars for a trip to Florida next June. I would really like to get $2 to the pound. I don't mind taking out a deal in advance, eg. pay now receive the dollars in December, if it will get me a good rate. Could you please post a reply if you know of anywhere that will give me $2 to the £1 using this method or, for that fact, any method.

Thanx all in advance.

el-beatle
el-beatle Avatar
banned8y, 9m agoPosted 8 years, 9 months ago
Options

All Comments

(11) Jump to unreadPost a comment
Comments/page:
#2
Best rate is Thomas Cook at 1.93

Use this to decide, best tool there is http://travelmoney.moneysavingexpert.com/
1 Like #3
you can get good rates in two ways:

1. Get forward rate as you say: currently crownexchange quoting 1.98 for december pick up (http://www.crowncurrencyexchange.com/content/us-dollars.asp)

2. Get a Nationwide Debit Card for two reasons:
- they dont charge overseas cash withdrawal (but the overseas bank may for a small amount)
- the rate you get by withdrawing US$ overseas is an interbank rate which will most certainly be higher than the high street rate (e.g. last month I got 1.98 by withdrawing US$ from Bank of America ATM in New York. The high street rate at the time was 1.90)
#4
If you're anywhere near London try going to the exchange shops dotted all around Victoria station, I always go there and get a rate much closer to the actual exchange rate than Thomas Cook or the PO.:thumbsup:
banned#5
nationwide.....
1 Like #6
As there's over a year until your trip, can't you put your cash into a high interest account or mini cash ISA for 12 months and then buy closer to the time? - that way you'll get far more sterling to exchange for dollars!
This method does of course rely on the current exchange rates not budging that much!
#7
NEVER get money in a shop. Banks do it at exchange rate for no profit normally, or at least HSBC, but with HSBC since its all over the world, you just use yoru debit card and it doesn't charge you for trasactions.

However if your buying in December, You can buy now at a bad rate or wait and hope the rate gets better but in my opinion, I don't think its gunna improve at the moment. Cost push inflation from Oil is gunna drive everything up. Which is then gunna ****** the exchange rates some more.
#8
nuabdi
you can get good rates in two ways:

1. Get forward rate as you say: currently crownexchange quoting 1.98 for december pick up (http://www.crowncurrencyexchange.com/content/us-dollars.asp)

2. Get a Nationwide Debit Card for two reasons:
- they dont charge overseas cash withdrawal (but the overseas bank may for a small amount)
- the rate you get by withdrawing US$ overseas is an interbank rate which will most certainly be higher than the high street rate (e.g. last month I got 1.98 by withdrawing US$ from Bank of America ATM in New York. The high street rate at the time was 1.90)


Good advice...........repped :thumbsup:
Just one query though , you put DEBIT card. Did you mean Debit or Credit Card or are there specific advantages in using a Debit Card ?? Thanks :)
banned#9
As mentioned, Crown exchange seems to give the best rates for advance purchases. I doubt you will get any better.
#10
hottoshop
Good advice...........repped :thumbsup:
Just one query though , you put DEBIT card. Did you mean Debit or Credit Card or are there specific advantages in using a Debit Card ?? Thanks :)

Nationwide debit card doesn't charge fee for purchases or ATM withdrawals and you'll get business not tourist rate, so always higher.
Credit card doesn't charge fee for purchases but will apply loading charge (think ~2%) for ATM withdrawals.
You need acurrent account to apply for debit card but anyone can apply for credit card.

Hope this helps.
banned#11


Thanks for all the advice, managed to get $2 to the £1 for delivery in December. Really glad as I can now just half the price of everything out there to get the price in pounds.:thumbsup:

Post a Comment

You don't need an account to leave a comment. Just enter your email address. We'll keep it private.

...OR log in with your social account

...OR comment using your social account

Looking for Twitter login?
Thanks for your comment! Keep it up!
We just need to have a quick look and it will be live soon.
The community is happy to hear your opinion! Keep contributing!