Monday, 27 September 2010

Currency exchange - do the maths

This site's fight against outrageous exchange rates continues. At Heathrow early this month I was offered a miserable US$1.43 to the £ despite the fact that the commercial rate that day was comfortably above $1.50. I've just checked my credit card statement for the trip to find that at least two of my biggest payments in New England had been converted at almost exactly $1.50. In the past I have sometimes thought that life was too short to fuss over how to change sterling or which way to pay bills abroad. No longer. Based on the amount added to my statement in sterling, using a credit card saved me nearly 10%.

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