Dollars...

[chris_of_1979]

My girlfriend is off to New York on 3rd Jan, and given the blessing of the current exchange rate I thought I nice gesture would be to put a few dollars extra spending money in her purse for the inevitable shopping trips - let's face it, giving a girl extra shopping money for January sale's always goes down well!

Where can I get the best commision rate?
Do anywhere do this without comission?

Could I just walk into the Post Office for instance?

- forgive my ignorance, but I've always got comission free currency through the travel agents previously when I've booked the holiday with them.

[dickieducati]

'commission free' is a great marketing tool.

just look at the bottom line how much the currency costs, commission free deals often use a crappy rate.

the rate you get from cash machines or via your debit cards are usually pretty good.

[antonye]

I've still got some left in my wallet from going to New York the other week ... in the vain hope that I'll be going back again pretty soon :D

[Mark]

I noticed this myself in Italy and Spain. This weekends Euro will be coming from a cash point in BBBBBBBBBBBARCELONAAAAAAAAAAAAAAAAAAAAA

[748mart]

If you want to send her off with dollars you won't go wrong getting them from the Post Office. The rate is fair at 1.83 & no commision.

[ScottyB]

The exchange rate is all over the place of late, it was as high as 2.2 to the £ last week but has recovered to 1.9 today and looks to recover further over the next week or so.

My advice is to buy them asap before it recovers back to the 1.8 and 1.7 level, you will then get a lot more for your money.

[dickieducati]

Originally posted by ScottyB
The exchange rate is all over the place of late, it was as high as 2.2 to the £ last week but has recovered to 1.9 today and looks to recover further over the next week or so.

My advice is to buy them asap before it recovers back to the 1.8 and 1.7 level, you will then get a lot more for your money.

sterling/$ hasnt been at 2.2 since 1981:puzzled:

[chris_of_1979]

Thanks guys - looks like it's the Post Office then.
:D

[ScottyB]

Where you checking Dicki? I know it is your job and all that.....

Alot of our guys are paid in US Dollars and were complaining that it had reached 2.2 last week slashing their salary.

We get our figures from our Headoffice website in Texas with a tracking facility for the exchange rate via xe.com. It clearly shows 2.2 last Monday????

Maybe our office filling our heads full of mince........typical yanks.

:lol:

[FiscusFish]

According to http://www.oanda.com/convert/fxhistory the Interbank high over the past 16 days was 1.95 and the low was 1.87. Apparently if you take the cash rate as being Interbank +4% the high then works out at 2.02....

Darren

[chicken]

Originally posted by ScottyB
Where you checking Dicki? I know it is your job and all that.....

Alot of our guys are paid in US Dollars and were complaining that it had reached 2.2 last week slashing their salary.

We get our figures from our Headoffice website in Texas with a tracking facility for the exchange rate via xe.com. It clearly shows 2.2 last Monday????

Maybe our office filling our heads full of mince........typical yanks.

:lol:

They should probably check to see if the rate of conversion they use is based on any kind of average rate or whether they take the spot rate.

Lots of american investment banks in London use the average rate for December - creates a big incentive for those guys to try and get it to trade down for a bit!

[Harv748]

I don't care...I'm off to Vegas in a couple of months so I'm off the the post office in the morn:bouncy: