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Simon Calder's Independent Travel Podcast

September 3rd - Dollar dives, euro strengthens, and the surprise third currency

Simon Calder's Independent Travel Podcast

The Independent

Places & Travel, Leisure, Society & Culture

3.6628 Ratings

🗓️ 3 September 2025

⏱️ 6 minutes

🧾️ Download transcript

Summary

At the end of the summer I'm talking to Kaya Niedenthal of Currency Online Group in London about trends in the currency markets: what's worth buying now, the use of the dollar and euro in many developing countries, and the currency that is selling extraordinarily well to Brits.


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Transcript

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0:00.0

Hello and welcome to today's independent travel podcast. It's Wednesday the 3rd of September.

0:06.2

Very good time to catch up on what's been happening on the currency markets over the summer

0:12.1

and crucially what that means for your plans for a city break, for some winter sun and indeed for your travels in 2026.

0:20.7

I'm here in the London Waterloo headquarters

0:24.6

of Currency Online Group with the co-owner Kaya Needenthal. How's your summer being, Kaya?

0:31.3

Hello Simon. Yeah, summer's been very good. The peaks and the highs of summer are no longer

0:36.4

quite there, but still it's really busy time of the year for us in the currency game.

0:40.5

And we're talking at a time when I've just spotted that the price of gold has hit an all-time high against the US dollar,

0:48.4

but not against the good old British pound, which suggests to me that the dollar isn't doing very well.

0:56.3

Yeah, I think the dollar has been quite weak ever since Trump has got into power at the

1:00.3

beginning of the year, and it's been slowly kind of driving down. There's been some turbulence,

1:04.1

but yeah, the pound against the dollar is still quite good value at the moment, trading

1:08.3

at around about 134. So yeah, really good value to

1:11.2

be had there in terms of pound to dollar. And yeah, dollar seems to be weak consistently

1:14.9

globally against the market. So if there's tariff wars and stuff like this.

1:18.7

The dollar, very, very important, not just for anybody who's heading to the US, but also,

1:24.2

it's, for example, the currencies of the Caribbean, the Eastern Caribbean dollar, the Barbados dollar.

1:30.1

The Bermuda dollar all locked to it, as is the United Arab Emirates dirham.

1:35.4

So dollar declines. Dubai gets cheaper.

1:39.3

Could it get cheaper still?

1:41.1

I think now's a good time to be purchasing dollars and any currency it's

1:45.6

paid to the dollar. Like you correctly said, Simon, a lot of the Caribbean currencies pegged to the

...

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