StanandJim Posted June 24, 2016 #1 Share Posted June 24, 2016 Buy Pounds now!!! Sterling Plunges to Lowest level in More Than 30 Years as Brexit Looms http://www.bloomberg.com/news/articles/2016-06-23/pound-tumbles-on-results-from-northeast-england-in-eu-referendum Link to comment Share on other sites More sharing options...
SellaVee Posted June 24, 2016 #2 Share Posted June 24, 2016 Yes, we're practically giving them away. Link to comment Share on other sites More sharing options...
Pearl64 Posted June 24, 2016 #3 Share Posted June 24, 2016 We are on that cruise. The thought did cross my mind as we have several UK ports. May just head to the bank today. Link to comment Share on other sites More sharing options...
SellaVee Posted June 24, 2016 #4 Share Posted June 24, 2016 Better be quick, Pearl, the pound is bouncing back up again. Who knows, what tomorrow brings? Link to comment Share on other sites More sharing options...
StanandJim Posted June 24, 2016 Author #5 Share Posted June 24, 2016 Better be quick, Pearl, the pound is bouncing back up again. Who knows, what tomorrow brings? Yes, it now appears that the soon to be Lord Carney had plans up his sleeve to staunch the flow should the Brexit come to pass. I'm certain that he will get a Peerage out of all this, but when life gives you lemons... Readers who acted quickly are already up a nickel a Pound versus current prices, but buying is still a great idea if one will be travelling in Britain anytime soon. Link to comment Share on other sites More sharing options...
I_r_a Posted June 26, 2016 #6 Share Posted June 26, 2016 >Readers who acted quickly are already up a nickel a Pound If you buy your GBP in the US, you will pay a premium of about 6%. If you wait until you get to London and buy from the ATM using your card that doesn't charge conversion fees you will be even or just a little behind. Also, Greenland, Iceland and Ireland don't use GBP. ((I)) Link to comment Share on other sites More sharing options...
rallydave Posted June 27, 2016 #7 Share Posted June 27, 2016 >Readers who acted quickly are already up a nickel a Pound If you buy your GBP in the US, you will pay a premium of about 6%. If you wait until you get to London and buy from the ATM using your card that doesn't charge conversion fees you will be even or just a little behind. Also, Greenland, Iceland and Ireland don't use GBP. ((I)) Very strange conclusions I R A Buying in the US can't even tell what one might pay for foreign currency. All depends on your bank or where you purchase the foreign currency as different banks charge different amounts and other places can charge more or less so impossible to state even an about percentage. Also, absolutely no reason to buy currency before leaving home. Always better to purchase your currency in the country you want the currency for. And, using ATM's, have never gotten less than the current million dollar rate which is about the exact same as that posted on many of the TV shows showing the current monetary rates so have no idea how you can say I will be even or just a little behind as from experience, I get exactly the same rates as I do with my no foreign transaction fee credit cards??? Link to comment Share on other sites More sharing options...
Winner Posted June 27, 2016 #8 Share Posted June 27, 2016 Travelex, the concession in most airports quoted me $1.60 on Friday, when the bank rate was $1.37; when I questioned the ridiculous discrepancy, the answer was prett much :take it or leave it". I agree with Rallydave: use local foreign ATMs and a no-fee credit card. Link to comment Share on other sites More sharing options...
Winner Posted June 27, 2016 #9 Share Posted June 27, 2016 Travelex, the concession in most airports quoted me $1.60 on Friday, when the bank rate was $1.37; when I questioned the ridiculous discrepancy, the answer was pretty much "take it or leave it". I agree with Rallydave: use local foreign ATMs and a no-fee credit card. Link to comment Share on other sites More sharing options...
StanandJim Posted June 27, 2016 Author #10 Share Posted June 27, 2016 Almost everyone who can afford to buy an Oceania cruise should be buying foreign currency "at" the market rate, end of story. If that is not happening, then your banker is doing you a disservice. Link to comment Share on other sites More sharing options...
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