Jkarrows
Mouseketeer
- Joined
- Apr 6, 2012
Cash is pretty much the worst option for UK based folk because nowhere that sells it gives a decent rate. Right now Tui rate is $1.11, Travelex is $1.10… Revolut prepaid card is $1.147. If you used a regular bank card, I’d wager that the better exchange rate + an overseas transaction fee is still better value than getting a rubbish rate for buying cash.
No its not better to use a card as the rates are the same as you mentioned or lower then there is a 2.9% card transaction fee so it makes the rate worse.
Plus when you exchange you set the rate at the time, at the moment the dollar to pound is so up and down that today it could be 1.1 and tomorrow 1.03.
Yes it could also go up but the UK is in such a mess at the moment it will no doubt go down.