Monday, February 9, 2009

Ordered Money Today


Went to t
he bank today and got 50 GBP for the trip. Thought is best to have some local currency in our pocket since we were going to arrive on a Saturday and likely the banks would not be open. I will check the exchange rate online before I close this update and let you know how badly we got ripped off by Well's Fargo. The exchange rate they gave us was 1.5445 dollars per pound. So 50 GBP was $77.23. The exchange rate listed on the web is $1.4823. So Well's Fargo charged an extra $.06 and the sign said they were buying GBP for $1.42. Looks like they take a 3% commission on all exchanges. Of course if I were changing a million dollars I would probably have gotten a better rate. But, alas, just after a little pocket change.

As suspected they didn't have any Egyptian pounds so they had to be ordered. I requested 150 EP in 5 pound notes but they said they wouldn't guarantee the denominations of the notes but would request 5 pound notes. They are supposed to be in Anchorage in 7-10 business days. That would make it the end of next week. That should be plenty of time. Obviously I don't know the rate for those notes yet. It's a pay when they come in kind of thing. I would guess it will be around $30 US, probably a little less. It really seems like we should have more than that but we are supposed to be picked up at the airport. There are always ATMs where we can get cash.

Must remember to contact the credit card companies and the credit union about our travelling so they don't cancel the cards. Probably should do that a week before we go.

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