Pound continues to nosedive against the dollar

[Laura+Tom 2]

The Post Office are always less than other places, I did some checking online and the best I could find was $1.70, from Tesco! that is quite shocking .

With the Credit Crunch I dont expect to see it go up anytime soon, I usually go to Thomas Cook.

M&S can be pretty good, I got my dollars and dinars there at a better rate than anywhere else.

[Jeraly 4]

Will you all hate me when I tell you I got $2.02 to the pound last year when we moved?

Hate you

Although I can't complain at the rate we got through Custom House

[elmcitymaven 9,712]

Yeah, but we all know you hate me anyway, Aly! This was just the nail in the coffin, eh?

[no name 1]

It was so much easier when it was $2 to the £, when I was in the states I would just halve everything and know how much it was, now when I go shopping I will have to take a calculator

Thank god I did not changeback the $'s I had left and bought at the good exchange rate

But remember whatever comes down has to go up, well I hope it does before I move over there or I will lose a fortune to what I thought I would take

The pound has been inflated since 2004-5. It was bound to go down.

[Dave and Jess 0]

It was so much easier when it was $2 to the £, when I was in the states I would just halve everything and know how much it was, now when I go shopping I will have to take a calculator

Thank god I did not changeback the $'s I had left and bought at the good exchange rate

But remember whatever comes down has to go up, well I hope it does before I move over there or I will lose a fortune to what I thought I would take

The pound has been inflated since 2004-5. It was bound to go down.

I was reading a forecast site earlier today and it "forecasts" the dollar to go back up around dec/jan and then keep going till March/April. They also forecasted the current dip but not quite as bad. The dollar dipped 10cents to the pound in the last 24 hrs.!!

Hopefully they will be right and we will see a rise again.. I am seriously considering keeping my cash here for a little longer... I guess it's gamble!!

**Note** I am in a no way a financial Adviser..and am not regulated by the FSA... I am just the worlds biggest freaking optimist!! LOL

[Jeraly 4]

Yeah, but we all know you hate me anyway, Aly! This was just the nail in the coffin, eh?

Indeed... just wish I had several more nails... and a truck full of concrete

Aww Maven - luv ya really

[Cassie 8]

The Canadian dollar, after being 1 for 1 or even better earlier this year, is now down lower than 80 cents US. If it stays this way until we go home for Christmas, we are seriously considering taking out a personal loan here and paying off my student loans using waaaaay less money to do so. It's very tempting!

[Back2Charleston 0]

I was reading a forecast site earlier today and it "forecasts" the dollar to go back up around dec/jan and then keep going till March/April. They also forecasted the current dip but not quite as bad. The dollar dipped 10cents to the pound in the last 24 hrs.!!

Hopefully they will be right and we will see a rise again.. I am seriously considering keeping my cash here for a little longer... I guess it's gamble!!

**Note** I am in a no way a financial Adviser..and am not regulated by the FSA... I am just the worlds biggest freaking optimist!! LOL

Which site was that, please? I'm waiting for a taxi to take me to the local station, to get to London for my interview in under two hours. I wish our I-864 was written in pencil, so I could change the numbers on the train ... Our UK house sale completes next Friday and I figure we're losing thousands of $ each day right now.

Anyways, interview report will follow later today.

[Big Papa Zone 93]

The Post Office are always less than other places, I did some checking online and the best I could find was $1.70, from Tesco! that is quite shocking .

With the Credit Crunch I dont expect to see it go up anytime soon, I usually go to Thomas Cook.

Well today Tesco will give you $1.56, and the Post Office will give you $1.57

[Nicoxcx 1]

Really ? I did another search on MoneySavingExpert.com and they still rate Tesco at the top, well for 500 pounds anyway. I wouldnt be surprised if the site doesn't update nearly as often as needed so you are probably correct.

I really need to start checking around my area soon and get my money changed over before it falls even more!.

A screenshot for MoneySavingExpert and link, I dont know if it will be helpfull at all though!.

http://www.moneysavingexpert.com/travel/cheap-travel-money

[Big Papa Zone 93]

I just did the same search, and got the same answer as you - but then go ahead and see what happens when you click the Tesco hyperlink!

[Nicoxcx 1]

Lol yeah well I did say the site probably doesn't update, that just proves it. After seeing that I did some reading up

[ClickPress, Wed Oct 22 2008] Following comments yesterday from Bank of England Governor, Mervyn King, condemning the UK economy to recession, investors rushed to the traditional US dollar safe-haven despite concerns about the US economy. Overnight the pound fell in value to just over 1.6260, representing a drop in value of over 7% since the start of the week. In late London trading today (22 October) it traded down to 1.6150. The dollar’s strengthening also saw the euro-US dollar exchange rate drop to 1.2740, its lowest for nearly two years.

With £1 now buying just $1.64 it is possible that consumers will think twice before booking a Christmas shopping spree in New York. Spending $1,000 on gifts will now cost £138 more than it did last November when £1 would get you $2.17.

Doesn't sound like it is going to get any better soon!, I leave on the 9th of November I have my fingers crossed for a miracle haha.

[Completely 3]

Remember how a few short months ago we were getting 2 bucks for every pound? Today, the post office will give you $1.57. It's absolutely ###### infuriating, it really is.

how about 1 dinar - $ 3.7 dollars?? Dollars here is very low. To think you spend in dinars but you get salary in dollars..

Edited October 23, 2008 by Completely

[Big Papa Zone 93]

Doesn't sound like it is going to get any better soon!, I leave on the 9th of November I have my fingers crossed for a miracle haha.

Oh, it's not going to get any better, mate - it's going to get a whole lot worse. Consider yourself fortunate that you're leaving next month, because when this poxy recession really hits home next year, the rate will be down to around $1.30 odd, just like the last time we were in recession in the early 90's.

[Jeraly 4]

I also wouldn't use a high street exchange - check out some of the wire transfer sites you can use - they tend to have better rates...

http://www.customhouse.com/

http://www.xe.com/

I think we used XE and it got us a much better rate than PayPal or banks or other places