Excellent rate of exchange

@Asylum (47893)
Manchester, England
June 23, 2017 9:33am CST
I have held a PayPal account for a long while now, but usually just allow any payments to remain there. My account is in US dollars, which can be useful if I decide to buy anything online from overseas. Yesterday I decided to consolidate most of my finances, which involved transferring the bulk of the money to my bank account. Of course the money is converted in the process since my currency is Pounds Sterling. I chose to transfer $1800, which to my surprise was converted to £1370-46. This was a far better exchange rate than I expected and equates to around 76 pence per dollar. I was absolutely delighted with the exchange rate given.
16 people like this
17 responses
Anna
@LadyDuck (458091)
• Switzerland
23 Jun 17
The £ has lost ground in the recent weeks, unfortunately the Swiss Franc has gained against the dollar. For the moment I keep my money in my PayPal account in dollars.
5 people like this
Koalemos
@Asylum (47893)
• Manchester, England
23 Jun 17
It is fortunate that I have never needed the money, otherwise it would have been exchanged at a lower rate before now.
3 people like this
Anna
@LadyDuck (458091)
• Switzerland
24 Jun 17
@Asylum Absolutely, waiting was a good choice for you. I hope that sooner or later also our currency will drop, there is no reason it is strong now.
2 people like this
Koalemos
@Asylum (47893)
• Manchester, England
24 Jun 17
@LadyDuck At times currencies fluctuate with no apparent reason.
2 people like this
Arthur Chappell
@arthurchappell (45002)
• Preston, England
23 Jun 17
@Asylum great that you got such a decent rate for your earnings there - well done
3 people like this
Koalemos
@Asylum (47893)
• Manchester, England
23 Jun 17
It was especially good since I would have converted it anyway.
3 people like this
Koalemos
@Asylum (47893)
• Manchester, England
24 Jun 17
@arthurchappell It seemed convenient to me.
2 people like this
Arthur Chappell
@arthurchappell (45002)
• Preston, England
23 Jun 17
@Asylum never let my earnings build up like that
2 people like this
Always smiling
@allknowing (130066)
• India
23 Jun 17
You struck when the iron was hot
2 people like this
Koalemos
@Asylum (47893)
• Manchester, England
24 Jun 17
@allknowing Yes, it makes a wonderful surprise.
2 people like this
Koalemos
@Asylum (47893)
• Manchester, England
24 Jun 17
Yes, but only by chance.
2 people like this
Always smiling
@allknowing (130066)
• India
24 Jun 17
@Asylum All the more enjoyable when it happens when you least expect it.
2 people like this
Oshy
@TiarasOceanView (70035)
• United States
25 Jun 17
So happy you managed to get such a good rate! I remember way back when the dollar was near 1.30 and over to the pound. Best to get your money out and transferred you did right. I never leave mine sitting as from one day to the next, I do not know what is going to happen here. Hope the day is kind to you.
2 people like this
Koalemos
@Asylum (47893)
• Manchester, England
25 Jun 17
It was only by chance that I chose such an opportune time.
1 person likes this
Koalemos
@Asylum (47893)
• Manchester, England
25 Jun 17
@TiarasOceanView Yes it certainly was.
2 people like this
Oshy
@TiarasOceanView (70035)
• United States
25 Jun 17
@Asylum Your chance was good.
2 people like this
pgn
@pgntwo (22408)
• Derry, Northern Ireland
23 Jun 17
That would pay for a nice short break somewhere, were you inclined to avail of one...
2 people like this
Koalemos
@Asylum (47893)
• Manchester, England
23 Jun 17
A short break somewhere would be a liability these days.
2 people like this
Koalemos
@Asylum (47893)
• Manchester, England
23 Jun 17
@pgntwo I have seen some abysmal rates in the past.
2 people like this
pgn
@pgntwo (22408)
• Derry, Northern Ireland
23 Jun 17
@Asylum Probably. Thanks for the exchange tip, I converted my balance from here in PayPal, $53, to £42
2 people like this
Carol Brown
@blitzfrick (2890)
• United States
23 Jun 17
I had no idea the pound had lost so much. If I went to England, would I still have to pay in Euros, or is the pound in more general use now?
2 people like this
Koalemos
@Asylum (47893)
• Manchester, England
24 Jun 17
We have never used the Euro in England.
2 people like this
Carol Brown
@blitzfrick (2890)
• United States
24 Jun 17
@Asylum Wow, thanks for the info. Never having been there, I had no idea.
2 people like this
Koalemos
@Asylum (47893)
• Manchester, England
24 Jun 17
@blitzfrick Many European countries have not adopted the Euro.
2 people like this
Nawsheen
@Nawsheen (28644)
• Mauritius
23 Jun 17
I have not yet withdrawn anything from my paypal account. I intend to save some money there. I am happy for you though that you benefited due to a positive exchange rate
2 people like this
Koalemos
@Asylum (47893)
• Manchester, England
23 Jun 17
It was a far better rate than has existed for some time.
2 people like this
divalounger
@divalounger (5849)
• United States
27 Jun 17
How wonderful for you! Congrats!
2 people like this
Koalemos
@Asylum (47893)
• Manchester, England
27 Jun 17
It was a very welcome surprise.
2 people like this
Debscrochet
@Debscrochet (1947)
• United States
24 Jun 17
That's great
2 people like this
ARIES1973
@ARIES1973 (11426)
• Legaspi, Philippines
18 Jul 17
I'm from Philippines and as I observed the rate is high as of this time. For online workers like us having a high exchange rate, is a good thing.
1 person likes this
Koalemos
@Asylum (47893)
• Manchester, England
18 Jul 17
The US$ is also worth more in the Philippines than in Britain.
1 person likes this
Koalemos
@Asylum (47893)
• Manchester, England
18 Jul 17
@ARIES1973 $10 for me would buy 3 cups of coffee.
1 person likes this
ARIES1973
@ARIES1973 (11426)
• Legaspi, Philippines
18 Jul 17
@Asylum Yes, that is true my friend. For every dollar we get 50 Philippine pesos. So if I earn 10 dollars in a day, that would be 500 pesos and the minimum rate in our country is P491/day in Highly urbanized cities and provincial rate is 295 to 345 pesos. That is why more Filipinos are trying to find their luck online. Because we earn Dollars and the value is relatively high.
1 person likes this
Oshy
@TiarasOceanView (70035)
• United States
26 Jun 17
Hope you are doing okay today. Just popped in here to say hello.
2 people like this
Koalemos
@Asylum (47893)
• Manchester, England
26 Jun 17
Today was the appointment for my biopsy, which was taken from my neck. I am now feeling very unwell and will be glad when I can finally sleep and forget about today.
2 people like this
Oshy
@TiarasOceanView (70035)
• United States
26 Jun 17
@Asylum Rest now friend. I hope this passes over you the unwell feeling..Hope the staff were kind to you..I am sure it hurt to get the biopsy done..nerves and all too. Alright then thanks for the update..talk anytime here when you feel up to it. xo
2 people like this
Belle Starr (Iz)
@BelleStarr (61047)
• United States
24 Jun 17
I wonder why the exchange rate was that high? Has the dollar been slipping? I guess it is just as well that I am not going to the UK this year.
2 people like this
Koalemos
@Asylum (47893)
• Manchester, England
24 Jun 17
You would get a good exchange rate if you did.
1 person likes this
Inlemay
@Inlemay (17714)
• South Africa
5 Jul 17
that is a wonderful bonus in your bank - I hope you can use it well
1 person likes this
Koalemos
@Asylum (47893)
• Manchester, England
5 Jul 17
It is not likely to be used because these days I do very little.
1 person likes this
Koalemos
@Asylum (47893)
• Manchester, England
11 Jul 17
@Inlemay The reason for transferring the PayPal funds to my bank account is to consolidate my money and make access easier for family members once I am gone.
1 person likes this
Inlemay
@Inlemay (17714)
• South Africa
11 Jul 17
@Asylum your rainy day will come - keep the faith
1 person likes this
Kandase
@Kandae11 (53679)
•
23 Jun 17
That was a good move. I will let mine build up then purchase items online.
2 people like this
Koalemos
@Asylum (47893)
• Manchester, England
24 Jun 17
That was my original plan, but my mind was changed due to circumstances.
2 people like this
Kandase
@Kandae11 (53679)
•
24 Jun 17
@Asylum I understand.
2 people like this
Jeff Moffitt
@moffittjc (118442)
• Gainesville, Florida
4 Jul 17
Do you have the choice of keeping your money in US dollars, British Pounds, or even Euros? If so, that's awesome that you have a choice.
1 person likes this
Koalemos
@Asylum (47893)
• Manchester, England
4 Jul 17
Yes, I can even operate multiple currencies if I want.
anthony davis
@lookatdesktop (27129)
• Dallas, Texas
28 Jun 17
That is really good.
1 person likes this
Koalemos
@Asylum (47893)
• Manchester, England
28 Jun 17
Probably the best rate that I have seen recently.
1 person likes this
Hanni Harel
@Hannihar (129470)
• Israel
19 Jul 17
I am happy for you that you got a good exchange rate. I also keep what i have in paypal and when need to transfer to bank do it, but, our rates here in Israel for the dollar are not good.
1 person likes this
Koalemos
@Asylum (47893)
• Manchester, England
19 Jul 17
The level does vary greatly.
Hanni Harel
@Hannihar (129470)
• Israel
20 Jul 17
@Asylum Here the rates stink. They go down a lot because the dollar is weak. Some times they go up to a pretty decent rate.
1 person likes this