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Advice needed about changing £'s to US$'s.................................

10 replies

ssd · 23/01/2008 16:54

what is the best way to take your £'s to the US?

can you withdraw $'s from an ATM in the US if all your bank accounts are in the UK?

is this a good time to buy US $'s? should I wait or buy the dollars now?

any advice appreciated!

OP posts:
hifi · 23/01/2008 17:03

i have baught all my currency from Travel ex on line, you get a better rate and pick it up at the airport before you leave. otherwise you can use switch but there is a charge.

ssd · 23/01/2008 20:10

hifi, can you explain a bit more?

how do you pay on line? wher do you pick up the currency? is there no charge?

thanks

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alarkaspree · 23/01/2008 20:17

You can use most ATMs in the US with a UK card but there will be a charge - usually around $2, so not astronomical if you take out a fair amount of cash at a time. I always do this because if you get all your cash you have the risk of it being lost/stolen, and travellers cheques are a pain.

If you are not going for a while you could hedge your bets and buy some dollars now because the exchange rate is good at the moment. But it seems unlikely that the dollar will strengthen in the near future.

ssd · 23/01/2008 20:24

thats what I was wondering is it a good time to buy now rather than say sept this year?

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hifi · 24/01/2008 08:42

hi ssd, you pay online, visa/debit card. no charge, do a couple of days before you go then you take the card you paid with and printed info and they give you the cash. you usually pick it up landside, before you go thru security. i usually check rates with them and the post office as both are good.it does seem to be dropping at the moment so i would go sooner rather than later.

Scootergrrrl · 24/01/2008 08:56

Definitely get it sooner rather than later, imo. You did get two dollars to the pund fairly recently but that's gone down and looks like it'll carry on falling.

ssd · 24/01/2008 14:23

thanks for all advice!

one more thing - where's the best place to buy the $'s? a bank/post office/travel agent?

OP posts:
ssd · 24/01/2008 16:15

bump

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ssd · 24/01/2008 19:03

bump

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temmy99 · 24/01/2008 20:31

Travel agent or Bureau de change definately. Less hassle, take your money and exchange there and then, some don't charge commission. Marks and Spencer also has a Bureau de change and their rates are reasonable. The $ is getting stronger so might be worth exchanging some of your money now.

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