£ to US$ & Euro exchange
We are planning a Pan American trip starting next year and have been looking at the US $ exchange rate.
I found a company that forward sell dollars, payment now, for delivery in March 2008 at an exchange rate of $2.10. No comision on notes or Amex TC. The rate today is $1.96, On £5000 that is a diffence of $700.
There are other companies offering this type of deal so shop around.
Exchange Rates for Travel Money
It's a gamble as dollar could go up or down, so I a am just taking out some insurance by forward buying and it is good because there is no commision on TC.
Steve
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