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Off to the Maldives in 3 weeks, but I've just found out that the locals are more receptive to the good old USD rather than the Maldivian Rufiyaa.
I have zero idea what the hung parliament is going to do to the exchange rates, so should I change my cash now or hold on for as long as possible?
EDIT: No idea how I managed to get this in the bike forum. Sorry.
I'd like to know too, am guessing the exchange rate is going to get worse due to the unknown.
Yesterday
The pound has slumped, so in many ways you have left it too late to get a good deal on buying dollars.
I'd personally expect it to increase once the government is sorted.
In all reality, the exchange rate wont make that much of a difference with the amount of currency you'll be changing.
On a £1000 it may only make a $10 difference if the rate moves up or down.
The best way is to get a bank account that doesnt charge for making withdrawls overseas. You can then just pop to the cash machine and withdraw the amount you need (you'll be surprised how common they are).
You'll get a better rate of exchange (wholesale rate, rather than tourist rate), and you only have to withdraw what you need.
Doubt the cash machines in the Maldives will issue US dollars though
You'd be surprised.
I travelled in Asia, and many cash points had the option of local currency or dollars.
Worth checking it out.