Which is better for british pound exchange?
I am planning a trip to London but the British Pound is killing the U.S. Dollar. Since I suck at math, I was wondering if you can help me out in this experiment.
I am located in Germany. (US Citizen)
It cost me .57 for 1 Euro
It cost me .00 for 1 British Pound.
1 Euro buys .79 British Pound
Do you think it is better to buy Euro and then exchange it to BP when I arrive in London?
Easy 10 Points.
Extra tags:
- 1 euro buys,cache:LeEYsblDPqUJ:forexrevealednow com/forex/currencies/at-what-price-should-i-buy-the-british-pound-or-euro htm does it matter where you buy british pounds?,can english pounds be exchanged in Germany,us exchange rate pound sucks,where should i convert GBP when travelling to USA
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Which is better for british pound exchange?
I am planning a trip to London but the British Pound is killing the U.S. Dollar. Since I suck at math, I was wondering if you can help me out in this experiment.
I am located in Germany. (US Citizen)
It cost me $1.57 for 1 Euro
It cost me $2.00 for 1 British Pound.
1 Euro buys .79 British Pound
Do you think it is better to buy Euro and then exchange it to BP when I arrive in London?
Easy 10 Points.
No…you’ll pay two lots of commission, and don’t get any more money
100 USD / 1.57 = 63.69 EUR
63.69x 0.79 = GBP 50.31 before 2 x commission
100 USD / 2 = GBP 50.00 before 1 x commission
Here’s a site where you can do exchange rates easily
http://www.oanda.com/convert/classic