Quick Poll: USD - Keep or sell?

Monzo Chat Travelling with Monzo
1

In 2017, I went to the Maldives. At the time, I had only just received my Monzo Prepaid card, so was unsure how effective it would be abroad, and so purchased some $US.

Monzo card worked fine, and so a few of my dollars were only used for tipping staff at the end of my holiday.

I currently hold $330 in cash. I kept it as I thought I may, at some stage, visit New York. Didn’t happen, unlikely to happen in the foreseeable.

My concern is, should USA discontinue the notes I am holding, such as UK have with paper notes in last few years, I would no doubt lose my money.

So . . . . do I . . .

  • Keep the $$$
  • Convert $$$ back into £££

0 voters

Would be interested to see what YOU would do in my position :thinking:

TIA

2

If I didn’t desperately need it in £, I’d keep hold of it.

I’d consider it sunk costs at this stage, it was so long ago. Maybe it’s not worth what it was years ago, but it’s a good chunk towards your spending money next time.

Is there a real chance these aren’t legal tender anytime soon?

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3

The pound is weak against the dollar at the moment and you’ll get around £270. What did you pay for it?

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4

No idea how much I paid. It was June 2017.

A tentative enquiry in town suggested worth £285 today.

I’d forgotten all about it tbf.

Found them when checking my euro cash stash for next week :joy:

No idea tbh

I definitely don’t.

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5

I ticked both boxes in your poll :imp: :stuck_out_tongue:

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6

It was supposed to be set for one choice only :man_facepalming::rofl::rofl:

Edit: just checked. Code states 1 :man_shrugging:

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7

I just had a look at historic rates - apparently in 2017 it would have been worth about £255.

So sounds like you’ll make a few quid

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8

Interesting votes and comments atm.

Thanks to all who have participated so far.

I’ll close the poll about 7pm and then see where the general consensus lies :+1:

9

My concern is, should USA discontinue the notes I am holding, such as UK have with paper notes in last few years, I would no doubt lose my money.

Unusually for the developed world, the USA has never done this. Every† piece of US dollar paper money ever made is still legal tender.

† (don’t come at me with exceptions about the Confederacy :laughing: )

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10

If you’re gonna make money on the exchange rate since 2017, convert them back into sterling.

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11

Pound is weak and I fear will only get weaker. Keep the dollars unless you’re in dire need of some spending pounds.

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12

I would convert back if you can get a decent exchange rate. I generally don’t think it makes sense to hold foreign currency ‘just in case’ unless you know for sure you’ll be going to the place again in the short- or medium-term. Otherwise it just devalues when you could use it now as :pound:.

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13

Where would you recommend to change it back to GBP? I’m holding about USD250. R-

14

No idea yet. I just asked at the one I walked past today.

15

This lot get good reviews - by post anyway. R-

eurochange Reviews | Read 116 reviews of eurochange (compareholidaymoney.com)

That might not take you to the best page - this is the landing page for the site. R-

Sell US dollars & Exchange USD for GBP | US dollar Buy Back (compareholidaymoney.com)

16

Ther will always be a few for changing cash, so if you think you might use them, then keep them. Otherwise, wait till you meet someone who will use them and agree a price (saves them a fee, and saves you a fee).

17

That’s the kiosk I visited :smile:

Good to know. Thankls :+1:

1 Like
18

Is WeSwap still a thing?

Edit: It’s not for actual physical cashmoney.

19

So, most think I should keep the dollars for now.

Thanks for sharing your thoughts.

Appreciated :+1:

1 Like