Dramatic Change in Currency Market Due to British Vote

[caber]

I have purchased some US$ for my forthcoming Baltic cruise. Am I able to lodge them at the desk against my cruise account?

 

Do you mean you have some actual dollars, bought in an exchange? If so, yes, you can just pay off some or all of your account during or at the end of the cruise.

[cactusrose]

Sorry, the official US website listing minimum wage must be wrong, silly me for believing official websites

 

Would you mind posting a link to the site you're referencing? I can't find it.

Thanks

[crows nest club]

Thank you for your speedy response. I have looked on our personaliser and see how to pay the gratuities, which we will do.

 

 

OBC is showing £65 but It does not say what you get for that. Which is my concern.

 

If £65 is showing as the bottom figure of three, above which are £35 and £17.50, trust me the £65 is for $100. You are laughing as this equates to nearly $1.53 to the £. You can then buy units of those quoted up to three days before you sail. Having said this, at the moment the rate you are being quoted is so favourable.

 

The dollars purchased this way do not show up in your personaliser but you will have an acknowledgement in your cabin confirming this. I have never encountered any problems with buying dollars this way.

 

I do, however take a copy of my credit card statement with me showing the transactions as cover. If you want to hedge your bets, obcs can be purchased over the coming months at different times.

[Suzez]

If £65 is showing as the bottom figure of three, above which are £35 and £17.50, trust me the £65 is for $100. You are laughing as this equates to nearly $1.53 to the £. You can then buy units of those quoted up to three days before you sail. Having said this, at the moment the rate you are being quoted is so favourable.

 

The dollars purchased this way do not show up in your personaliser but you will have an acknowledgement in your cabin confirming this. I have never encountered any problems with buying dollars this way.

 

I do, however take a copy of my credit card statement with me showing the transactions as cover. If you want to hedge your bets, obcs can be purchased over the coming months at different times.

 

 

Brilliant, thank you :) We have just bought $600 for the first cruise, now going to buy the same for the 2nd :)

 

It shows in my account under OBC where you make the purchase.

Edited June 27, 2016 by Suzez

[crows nest club]

Brilliant, thank you :) We have just bought $600 for the first cruise, now going to buy the same for the 2nd :)

 

It shows in my account under OBC where you make the purchase.

 

Glad to be of help.

[cactusrose]

I have purchased some US$ for my forthcoming Baltic cruise. Am I able to lodge them at the desk against my cruise account?

 

Today in the UK the US$ hit a 31 year low and is expected to fall further in the days to come and having Americans gloating how much UK Sterling they are getting in exchange for their US$ is not helpful and hopefully I will not meet any on my forthcoming British Isles cruise or else there could be interesting conversations.

 

I'm not sure I understand how the US$ hit a 31 year low against the GBP while in every other country it has hit a high.

I don't think anyone is gloating since the action in the UK has impacted the U.S. stock markets so negatively. A few dollars saved on travel does not offset the money lost in peoples retirement funds. Most of what I am reading on here are people form the U.K. taking advantage of the rate set by Princess to prepay their gratuities and buy some OBC to save a few pounds. I don't consider that gloating, so why would you consider someone from the US trying to save a few dollars gloating?

Edited June 27, 2016 by cactusrose

[majortom10]

I'm not sure I understand how the US$ hit a 31 year low against the GBP while in every other country it has hit a high.

I don't think anyone is gloating since the action in the UK has impacted the U.S. stock markets so negatively. A few dollars saved on travel does not offset the money lost in peoples retirement funds. Most of what I am reading on here are people form the U.K. taking advantage of the rate set by Princess to prepay their gratuities and buy some OBC to save a few pounds. I don't consider that gloating, so why would you consider someone from the US trying to save a few dollars gloating?[/

 

Very simple really the amount of US$ we get for every £ has hit a 31yr low in the UK so it has the opposite effect for ne1 buying the £ in US because it is so weak you will get more £ for every US$.

Edited June 27, 2016 by majortom10

[MicCanberra]

I have purchased some US$ for my forthcoming Baltic cruise. Am I able to lodge them at the desk against my cruise account?

 

Yes, just about any currency can be used for paying accounts although the exchange rate the ship uses may not be favourable. Most ships from the major cruise lines operate in USD.

[cactusrose]

I'm not sure I understand how the US$ hit a 31 year low against the GBP while in every other country it has hit a high.

I don't think anyone is gloating since the action in the UK has impacted the U.S. stock markets so negatively. A few dollars saved on travel does not offset the money lost in peoples retirement funds. Most of what I am reading on here are people form the U.K. taking advantage of the rate set by Princess to prepay their gratuities and buy some OBC to save a few pounds. I don't consider that gloating, so why would you consider someone from the US trying to save a few dollars gloating?[/

 

Very simple really the amount of US$ we get for every £ has hit a 31yr low in the UK so it has the opposite effect for ne1 buying the £ in US because it is so weak you will get more £ for every US$.

 

I see, it's a matter of how it's expressed. I wouldn't say the pound has hit a high because I can buy more but I do understand what you meant now.

[Pushka]

I hope no one gloats over the current difficulties facing UK citizens but I would be more concerned that you will encounter people (not just from the US) upset over the effects of the Brexit vote on world markets and their personal investments.

 

 

Indeed. My super fund lost quite some money last Friday. And I didn't even get a vote! The dramas are not just being experienced by UK people but world wide. Currency exchange is just one small part.

 

 

Sent from my iPhone using Forums

[MicCanberra]

I think time is now right for us to gift ourselves on board credit for our August cruise on the Emerald. Princess are giving $1.428 against a High Street rate of $1.28 today. We cannot see it rising too much in the short term. Anybody who booked last year is locked on a rate of $1.53 which must be a no brainer for them.

 

May be a prudent move, if you don't use it, the remainder will just go back to your card.

[MicCanberra]

Thank you for your speedy response. I have looked on our personaliser and see how to pay the gratuities, which we will do.

 

 

OBC is showing £65 but It does not say what you get for that. Which is my concern.

 

It is $100 USD.

[MicCanberra]

Brilliant, thank you :) We have just bought $600 for the first cruise, now going to buy the same for the 2nd :)

 

It shows in my account under OBC where you make the purchase.

 

Sometimes the OBC doesn't appear until the second day. Take your paperwork just in case.:D

[Omega1]

I would be grateful if anyone could advise me on this:

If I buy OBC at £65 per $100 (£1=$1.53) for my upcoming Baltics cruise - will I be able to withdraw cash in $ from my account at the passenger services desk during the cruise to pay for my independent St Petersburg tour?

Hope that makes sense.

[CruiserGuyWPB]

it only loses money if you sell today.... if you dont sell then it doesn’t matter... it will all balance out in a few days or weeks..... why is everyone so dramatic?:rolleyes:

[MicCanberra]

I would be grateful if anyone could advise me on this:

If I buy OBC at £65 per $100 (£1=$1.53) for my upcoming Baltics cruise - will I be able to withdraw cash in $ from my account at the passenger services desk during the cruise to pay for my independent St Petersburg tour?

Hope that makes sense.

 

The rules/policy for Princess say no but in my experience sometimes you can, it often depends on timing and the person you talk with. You could always create a casino account and try that way but it is not always successful either.

[icat2000]

it only loses money if you sell today.... if you dont sell then it doesn’t matter... it will all balance out in a few days or weeks..... why is everyone so dramatic?:rolleyes:

 

This. Anyone would think the sky had fallen in the way some are reacting. I laugh at reading how some are calling for another vote because they didn't get the outcome they wanted. Is democracy dead? Bunch of snowflakes.

Edited June 28, 2016 by icat2000

[caribill]

I would be grateful if anyone could advise me on this:

If I buy OBC at £65 per $100 (£1=$1.53) for my upcoming Baltics cruise - will I be able to withdraw cash in $ from my account at the passenger services desk during the cruise to pay for my independent St Petersburg tour?

Hope that makes sense.

 

See if you can purchase casino credit at that rate.

 

If you purchase casino credit, there will be a card in your cabin that you can bring to the casino (when it is open) and exchange it for cash. You do not have to use any of that $$$ in the casino.

[cruising cockroach]

This. Anyone would think the sky had fallen in the way some are reacting. I laugh at reading how some are calling for another vote because they didn't get the outcome they wanted. Is democracy dead? Bunch of snowflakes.

 

Well, Britain has no written constitution so there are no written rules (apparently the only other country like this is Saudi Arabia). Referendums in the U.K. are merely advisory and have no legal force to compel the government to abide by the result. Both unlike your country (Australia) or mine (Canada).

 

What's more, it appears that all regional assemblies in the U.K. have to pass legislation to enable leaving the E.U., and at least one of them (Scotland) is unlikely to.

 

Given the mess, it is no wonder that a main ringleader to leave the E.U. has been in a very sombre mood instead of being jubilant. I think we'll all be entertained for many months, if not years, to come.

[cruising cockroach]

See if you can purchase casino credit at that rate.

 

If you purchase casino credit, there will be a card in your cabin that you can bring to the casino (when it is open) and exchange it for cash. You do not have to use any of that $$$ in the casino.

 

+1 You don't get too many arbitrage (buy low, sell high, risk-free) opportunities.

[coo359a2]

See if you can purchase casino credit at that rate.

 

If you purchase casino credit, there will be a card in your cabin that you can bring to the casino (when it is open) and exchange it for cash. You do not have to use any of that $$$ in the casino.

 

Bill, when we were on the Sea Princess last January, our casino credit was show on our room statement just like other OBC is listed. We did not get any of the cards that we would take to the cashier's window to exchange for cash. This was the first cruise we had casino credit handled this way. We were able to upload some cash to the slot machine, play and then go to the cashier's window and cash out the money on the slot machine. Doubt if I buy casino credits anymore.

[majortom10]

Well, Britain has no written constitution so there are no written rules (apparently the only other country like this is Saudi Arabia). Referendums in the U.K. are merely advisory and have no legal force to compel the government to abide by the result. Both unlike your country (Australia) or mine (Canada).

 

What's more, it appears that all regional assemblies in the U.K. have to pass legislation to enable leaving the E.U., and at least one of them (Scotland) is unlikely to.

 

Given the mess, it is no wonder that a main ringleader to leave the E.U. has been in a very sombre mood instead of being jubilant. I think we'll all be entertained for many months, if not years, to come.

 

That is factually incorrect Scotland is part of the UK and because we have a democracy it has to abide by the majority in the referendum. When UK decide to leave by instigating Article 50 of the Lisbon Treaty if they do not want to leave they can then hold their own referendum to leave the UK. The only problem is that would the EU accept Scotland as an independent country, could Scotland agree to the terms set out to join the EU and the biggest problem what currency would they use because if they left the UK they wouldn't be able to use £Sterling as currently and would the EU allow them to join the Euro.

[mamkmm2]

If people want to really start discussing screwy currency values try figuring out the Chinese yuan. That country intentionally devalues its currency so often it is a wonder that it is worth anything at all. And yet they are still a huge player in the world economy. :rolleyes:

 

Honestly, people need to stop being so short-sighted. The volatility is a direct result of either one, the "big player elitists" dishing out some payback against the UK for daring to leave the EU ... the UK is the EU insurer and banker so they've got their knickers in a knot over what they're going to do without the UK. Or two, idiots are panicking, realizing the world isn't one great big happy kindergarten room and that not everyone buys into the ideas that the EU is a proponent of and trying to force on all its member nations. "Oh no however will we force our agenda on the world?!" Not to mention, without the UK the EU is going to have problem paying its bills.

Edited June 28, 2016 by mamkmm2

[ruthnewark]

Re onboard credit, which if I understand correctly from this thread will get paid back to your card if it's not all used onboard; does anyone know if it gets paid back at the same exchange rate you buy it at?

 

Also, re ship's excursions, if you buy them onboard are they the same price as if you buy them in advance, or is there a discount for buying in advance like with some other cruise Lines?

 

Finally, if I'm thinking of buying them in advance, is there somewhere I can check what exchange rate is being used for changing the dollar price to the sterling price charged to my card? Presumably that will be today's exchange rate?

 

Thanks a lot.

Edited June 28, 2016 by ruthnewark

[ruthnewark]

Sorry, I think I'm getting in a bit of a mix up here. Can I just check that I'm now understanding this correctly.

 

1/ I can buy as much onboard credit in advance as I like in $100 units, paying in sterling at the rate it gives on my booking details.

 

2/ I can book onboard tours now, priced in dollars, to be paid with my onboard account.

 

3/ If I prepay enough in onboard credit now, this means I'll be paying for the excursions at the exchange rate applicable to my booking now, rather than at the current bank exchange rate.

 

4/ Any prepaid onboard credit that I don't use, will be paid back to my card after the cruise.

 

Thanks