Clive Posted March 8, 2016 Report Share Posted March 8, 2016 http://www.natwest.com/tools/commercial/currency_rates/rates.asp That is the all important webpage as it tells us if we are likely to get a surcharge on our tssc bookings. Currently 1.2649, if it drops below 1.26 we may get a 5% surcharge, below 1.21 it could be 10‰ Ouch. So we need to see the pound strengthen, but the economic uncertainty with impending referendum is unlikely to help. Hopefully the club has already paid much of the costs to the organisers, or put money into a euro account when the rate was high, and can keep any extra costs to a minimum..... Link to comment Share on other sites More sharing options...
John Bonnett Posted March 8, 2016 Report Share Posted March 8, 2016 Looking at the world economic situation and the uncertainty over the result of the referendum I think there is every chance that the Pound will fall further Clive. Might be worth buying some spending money now. Link to comment Share on other sites More sharing options...
Guest Posted March 8, 2016 Report Share Posted March 8, 2016 Hello Clive. You many wish to have a look at the FairFX pre-paid debit card (www.fairfx.com) The company offers a rate normally above other financial institutions and more importantly the rate you buy at is locked in to the card; so no fluctuations. Additionally the card does not levy a fee when being used abroad. It can be topped up at any time via online, phone etc and any remaining currency left on the card remains locked at the rate you purchased. So when the rate is moody as it is now, it's a great time to load the card. We used the card in France last year and it worked seamlessly, incurring no fees whatsoever. Fair FX will also give you a bonus top-up when you load the card over a certain amount. We are going back to France twice this year and will be using it again. Additionally saves carting about Euro cash or whatever currency you decide to load upon it. The card is accepted in all shops, ATM's (minor charge for that) and other financial transaction venues, so it is really like have a debit card without fees. The card was highly regarded via http://www.moneysavingexpert.com as a way to ensure better value without fees. Just a thought. Regards. Richard. Link to comment Share on other sites More sharing options...
Guest Posted March 8, 2016 Report Share Posted March 8, 2016 Further to the above, it looks as though the following are also hot favourites: Revolut - perfect rates & £5 bonus OR WeSwap - perfect rates & £10 bonus. All that said, FairFX are still providing a very good incentive. As with all these things it's a case of monitoring to see "who" is giving the best at the time. Regards. Richard. Link to comment Share on other sites More sharing options...
John Bonnett Posted March 8, 2016 Report Share Posted March 8, 2016 I'm sorry for the thread drift here. Clive is actually worried about an additional charge by the Club for the booking if the Pound weakens any more. Not about spending money. I threw that in Link to comment Share on other sites More sharing options...
Clive Posted March 8, 2016 Author Report Share Posted March 8, 2016 We have consulted the oracle (MSE) for spending abroad. Wish I had bought/loaded a prepay card a few months ago though.....we would have got near 1.40 IIRC. Our summer holiday just went through at 1.30 but I have a nasty feeling we will be down to the mid teens in a few months and in the aftermath of the referendum. Hey ho, can't take it with you. Link to comment Share on other sites More sharing options...
Guest Posted March 8, 2016 Report Share Posted March 8, 2016 Apologies, I misunderstood. Still a great card though !! Regards. Richard. Link to comment Share on other sites More sharing options...
John Bonnett Posted March 8, 2016 Report Share Posted March 8, 2016 We have consulted the oracle (MSE) for spending abroad. Wish I had bought/loaded a prepay card a few months ago though.....we would have got near 1.40 IIRC. Our summer holiday just went through at 1.30 but I have a nasty feeling we will be down to the mid teens in a few months and in the aftermath of the referendum. Hey ho, can't take it with you. As my friend who is 84 says, "You can't take it with you, so I'm not leaving!" 1 Link to comment Share on other sites More sharing options...
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