GBP < > USD exchange rates
armanmik at earthlink.net
Wed Feb 4 15:26:22 EST 2004
GBP < > USD exchange rates at: http://finance.yahoo.com/m3?u
(also a bunch of other exchange rates). Note that if you are buying Pounds,
use the first column, go down to GBP, and DIVIDE the number of Pounds you
need by the exchange rate to find the number of USD you'll have to cough up
. . .
These are interbank rates, and you are NOT going to get these rates from
your local bank - figure on 3 to 5% discount plus wire fees, etc, - small
amounts (small being under $100,000 or so) are expensive to convert at
banks. Of course, it is worse at the airport or railway station . . . even
AMEX traveler's checks are not much of a bargain, despite their constant
advertising to the contrary.
I do currency conversion, usually for people buying homes or airplanes or
other expensive items. (www.Integrity-Financial.com) more information than
you asked for - my wife always tells me I explain too much . . .
By far the best way to buy small items from overseas is on a credit card -
the fees go about one or two percent, when you get to a purchase of over
$10,000 or so, then you should be talking to me.
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