It's a good dollar day!

[BrightlyBob]

I just take my SPG AMEX with me, and pay for everything on that. It charges 3% but I get 1SPG point per £ which is 3 Marriott points that I usually redeem at about a penny apiece, so I reckon I’m evens on the commission.

But I do keep thinking about these 0% FX commission cards, problem is I’m not sure I travel enough to make it worthwhile, so I stay lazy!

And the market rate is now 1.405. As others have said the money markets are a gamblers paradise, so rates typically ebb and flow as people pile in on a rise and then sell into a different currency to take their profit. After consistently rising so far this year the market makers sold sterling and took their profits but there’s a strong market sentiment both in favour of sterling and against the dollar, meaning bar some unexpected news the market expects the £ to rise pretty consistently against the dollar for at least next few weeks. The next big correction point will I expect be knocking on the $1.50 door, but after a short correction it could rise even further. The problem with predicting currency rates over more than a few weeks is the constant influx of data which effects market sentiment. If American Data unexpectedly and consistently improves and British Data unexpectedly and consistently weakens then the currency market will follow that trend...

[DisneyPCLI]

Convent garden FX is 1.39

[FloridaFairy]

Oooo watching with I interest!

[ziggyzag]

I bought £1500 dollars on Wednesday as price was dropping, if I had waited til today would have had $26 more

[archibald]

It's a gamble, it always is, $26 is not a lot really when you look at the total cost of the holiday, and hey, you're holidaying

[ziggyzag]

Originally Posted by archibald

It's a gamble, it always is, $26 is not a lot really when you look at the total cost of the holiday, and hey, you're holidaying

See more...

It's another soft toy for my daughter lol

[archibald]

Well mastercard rate is currently $1.399 if you want to do a bit of online shopping?

(and assuming you have a Post Office card/Halifax Clarity or similar)

[VickyJ]

Bloody typical, been three times in in last 18 months with rubbish rate and the minute I need to cash out some shares I hold in dollars the rate soars Doh!
Ah well

[nsal0101]

Has anyone ever used No1 currency their rate is coming in at 1.38 but my nearest collection is cash converters? Which I find strange

[cmpjdp]

We don’t go till next year but still keeping an eye on the rate as very tempted to change up some money if it goes up 😀