Originally Posted by
manker
We're strong against the Dollar but weak against the Euro; the trick for you to get more bang for your buck would be to change to Euros before you come and then convert to Sterling upon your arrival.
Did I misread that you were an accountant manker? That would be a terrible idea unless you want to aid the banks in relieving our traveler of the burdensome weight of his papers.
Bank of America (U.S.) exchange rate December 24th, 2011
Bank sells £ 1.00 @ $ 1.6374 --- buys £ 1.00 @ $ 1.4809
Bank sells € 1.00 @ $ 1.3729 --- buys € 1.00 @ $ 1.2355
Post Office (U.K.) exchange rate December 24th, 2011
Post office buys £ 1.00 @ $ 1.528 --- Sell £ 1.00 @ $ 1.74
Post office buys £ 1.00 @ € 1.17 --- Sell £ 1.00 @ € 1.34
So if you convert $ 1000 in U.S. to Euros, you'll have € 728.39. Exchanging those Euros at a post office in England will yield £ 543.57
If you convert $ 1000 in U.S. to Pounds, you'll have £ 610.72. Or if you exchanged $ 1000 in England, it'll yield £ 574.71
Either way the worst deal is always to convert currency twice over converting it once. Money is always lost during personal conversions, and that loss gets compounded. The best bet would be to convert U.S. dollars to currency you need abroad while still in the U.S. Naturally there are some market variations depending on where you perform your exchanges, but they don't fluctuate so much as to make the original proposal worthwhile.
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