If you like a gamble and you are cruising soon then maybe now is the time to look seriously at buying some foreign currency.
Today's rates of the Euro and the US Dollar are back to a reasonable rate. Nearly €1.20 and nearly $1.60 to the GBP. These rates were slightly exceeded about 6 weeks ago but only just then they dropped away and have now regained the above rate.
They may slip away again depending on the market and they may rise above it but in the past year they have both been a lot lower than this.
So with this being a surprisingly good rate it could be a time to either watch to see what happens or to buy some. Both watching and buying would be to gamble with the situation but £200 to £500 might stand you in good stead for a cruise in the reasonably near future.
How best to buy them? In my opinion I would go online and look at the advice being given on Martin Lewis' moneysavingexpert.com and look at his Travel Money pages.
You will in most cases not get the Bank Rate but about 3 cents less.
If you know of how to get a better rate we would all be pleased to hear from you.
(Warning: This must not include robbing banks)
Neil
Today's rates of the Euro and the US Dollar are back to a reasonable rate. Nearly €1.20 and nearly $1.60 to the GBP. These rates were slightly exceeded about 6 weeks ago but only just then they dropped away and have now regained the above rate.
They may slip away again depending on the market and they may rise above it but in the past year they have both been a lot lower than this.
So with this being a surprisingly good rate it could be a time to either watch to see what happens or to buy some. Both watching and buying would be to gamble with the situation but £200 to £500 might stand you in good stead for a cruise in the reasonably near future.
How best to buy them? In my opinion I would go online and look at the advice being given on Martin Lewis' moneysavingexpert.com and look at his Travel Money pages.
You will in most cases not get the Bank Rate but about 3 cents less.
If you know of how to get a better rate we would all be pleased to hear from you.
(Warning: This must not include robbing banks)
Neil
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