Originally Posted by
mapu
Shouldn't the conversion from Pound to Dollar always be in correlation with the Interbank exchange rate? This year the Pound has never been lower than 1.93 Dollar, the average was 1.98 Dollar to the Pound. Even if they charge a fee for the conversion, 1.82 would be a terrible exchange rate. Looks like a rip-off to me.
Had the same problem with Marriott Peabody , Mass last year $182 when the GBP was 1.98 Seems what they do is call their bank and ask if we were to deposit 100 GBP today how much would we get back in US$. So the banks which are the worst place to change or buy money are the ones really causing it. Others will use Marsha thats why you get a decent rate at times.