which gets to be better deal american money for pounds or pounds for american money, which you you get more value?
2007-03-20 07:40:11 · 9 answers · asked by wisdom 3 in Business & Finance ➔ Personal Finance
Ruby is not exactly right...its not the same.
In terms of "better deal" you should be looking at the countries interest rates. If the US has higher interest rates, then having a dollar will grow faster than a pound, and visa-versa.
However, if you're not looking to hold the currency for a long time, then NO, it doesnt really matter, conversion would be virtually the same.
2007-03-20 07:47:27 · answer #1 · answered by D. V 2 · 0⤊ 0⤋
Neither.
When you exchange dollars for pounds, you get equivalent value at the time of exchange.
Whether you are better off with one currency or the other depends on what happens to the exchange rate after that time. If the pound increases in value versus the dollar, you are better off with the pound. If the dollar increases versus the pound, your dollars become worth more pounds at the new exchange rate.
But when you convert from one to the other, the exchange is at the current market rate.
2007-03-20 07:48:58 · answer #2 · answered by Anonymous · 0⤊ 0⤋
At the moment the pound is very strong against the dollar. I came back from the states 2weeks ago and was getting 1.987 dollar per pound. I have a US bank account so put in 600GBP and got $1186 in return. If the exchange rate drops even a small amount I will gain from it. It's worth buying dollars now whilst it's so weak
2007-03-20 07:49:56 · answer #3 · answered by hp25 2 · 0⤊ 0⤋
at present you get a better deal (spending wise) changing pounds into dollars !!!!!!! the dollar has a low exchange rate at present
2007-03-20 07:49:44 · answer #4 · answered by Anonymous · 0⤊ 0⤋
carry one million/2 the money in Egyptian kilos and the different one million/2 in American funds the Egyptian customs do no longer enable travelers to hold too many Egyptian kilos . attempt to have 5/10 economic company notes to have an common time without searching for replace .
2016-12-18 18:52:08 · answer #5 · answered by ? 4 · 0⤊ 0⤋
same but with pounds £10 would be around $15-18 dollors!
2007-03-20 07:44:15 · answer #6 · answered by MiZz RuBy 6 · 0⤊ 0⤋
the dollar sucks right now... good luck on the exchange... the europeans are smart keeping their money gold backed... our money is back by the credit of the Federal Reserve... hahahahahaha... sucks
2007-03-20 08:19:33 · answer #7 · answered by NOELLE B 1 · 0⤊ 0⤋
Check out www.xe.com for exchange rates.
2007-03-20 07:49:43 · answer #8 · answered by LadyDeathStryke 4 · 0⤊ 0⤋
GBP to USD :P
much cheaper for us in the US
2007-03-20 07:48:07 · answer #9 · answered by Icarus 6 · 0⤊ 0⤋