Thanks for all replies on this.
However I'm not sure i like agreeing on the rate for returning.
It is never that easy to cash in dollars at a decent rate when back home from my experience.
Way too much variance for my liking.
I'm going to go with the following:
Cliffs: Dom should fix the exchange rate (1.565) and make sure people have sent him enough ££ at that rate. On the return leg, Dom should offer players the choice of $$ on collection, or at an exchange rate available at that time.
Staking thread is in $ so it is peoples responsibility to ensure Dom receives that exact amount in $, and in the same way they get paid any winnings in $ and it is up to them to take the hit.
Dom can obv help with exchanges but I dont think he should be out of pocket as the staking prices are clearly in $ and prizes will be paid in $
Although this is technically correct, I have no doubt that I'd suck up £60 for people who parted with money to show faith in me in pursuit of a return. Bit like asking whether you should tip after receiving good service. You don't have to but it feels good to
Of course £60 isn't a huge issue if i get hit by that. It's just i wanted to know the correct procedure in such cases as these, it could have ended up as much more than that if i set it at 1.58 and then could only get 1.54 or something.
Although i appreciate all good faith in me by those that buy pieces, i believe they are getting decent value for their purchases.
X.e.com now has the pound worth $1.565 today. As i know i can get this commision free in london i'll be setting that as the rate for purchases today.