USD Exchange Rate - buy now?

[septimuswigley]

My soon-to-be wife and I will be going to WDW next July, but given that the USD is slipping against the Pound, I'm wondering whether it's worth getting a few dollars now to take advantage of a decent rate. Or is it likely to stay low (or maybe even get weaker!) over the next six months?

I know this is a bit of a 'how long is a piece of string' type question, and I'm not expecting someone with a PhD in Economics to answer, but does anyone have any thoughts?

TIA

Benn

[Claire L]

I think the rate will remain around what it is now for a few weeks but if the US Federal Reserves go for an interest rate cut in the New Year then the rates will drop for us here.

Claire ;)

[JohnnySharp2]

Very difficult to predict the rates, however I remember when it was $1.50 a few years back so anything around $1.80 plus looks pretty good to me, I would buy some now.

[jtlover]

If you are going to either buy a lot or buy over a period of months (like me) then it is definitely worth buying some now. Recommend looking at M&S rates first :thumbsup2

[xccy]

Not used them myself but have read threads where people have used the crowncurrencyexchange.com - just looked at their website and they are currently offering $2 to the £1 for all June 07..have read several reports from other users and everyone appears happy with them with the $$$ delivered to their home address on time as promised.. Maybe someone on here has experience of them..! I would also be interested.. Can anyone help..?

[jtlover]

Not used them myself but have read threads where people have used the crowncurrencyexchange.com - just looked at their website and they are currently offering $2 to the £1 for all June 07..have read several reports from other users and everyone appears happy with them with the $$$ delivered to their home address on time as promised.. Maybe someone on here has experience of them..! I would also be interested.. Can anyone help..?

I just rang them as the offer looks good - but you have to pay within 3 days of ordering and dont get the dollars until June :confused3 :sad2: Not such a good idea :wave:

[Jets fan]

I changed today at M&S and got 188.7 to the pound. If this rate keeps up it'll be a blessing spending on a credit card. We go on the 14th so cannot wait to shop!

[mikki.young]

Citibank are 1.92 today.

I would have thought if our interest rates go up and US goes down then sterling will continue to go up against the dollar.

[lainey]

ive ordered some for April 2007 $2 to the £1 from Crown Currency.
But M&S is also a good rate....if you can afford to buy some now, it may be worth getting a few dollars to put away while the rate is faily decent.
Elaine

[jdybnsn]

Last weekend, several national newspapers were predicting the £ would be going above the $2 mark in the near furture - if that is any help . :rolleyes:

:sunny:

[sonofsos]

I got a rate of 1.925 today in the Ulster Bank ( N. Ireland ) :sunny:

[dazeddaisy]

If you can hold off until the middle of next week, people are predicting $2 to the £1.

I have also heard it might reach there before the weekend, but I doubt that.

We are planning to convert 1/3 of our spending money later this week, and see what happens next week. If it goes higher, we will do another 1/3.

[mickg7dyd]

Hi,
BBC 2 ceefax are reporting that US economic growth figures have been revised and the $ is moving up from it's low's of earlier today. So I guess this means (as many already thought) that nobody REALLY knows what will happen to the rate in the future.

Mick.

:smooth:

[xccy]

Have also been watching the rates with a great deal of interest although not travelling until June 07.. A useful site you may wish to look at is
comparetravelmoney.co.uk... ;) Dave

[Katies Dad]

Hi,

mickg7dyd mentioned yesterday that BBC2 have said the $ is moving up from its lows of earlier today!!! Sorry to be a bit thick but is that good or bad - is it going up or down.

Thanks

[lorapinky]

I am watching the rate, but I think I will buy some soon as it is very good at the moment! :thumbsup2

[mickg7dyd]

Hi,
Dollar fell to 14 year low against the pound today. Ceefax is showing the rate as $1.9670 at the moment.

Mick.

:smooth:

[Camac]

Xccy,

My dollars arrived today from Crown Currency. I had prebooked it a few weeks ago when they were offering $1.90 to the £1 and everyone else was offering $1.81ish. As it happens the rate has gone up and I could have got the $$$ from M&S for $1.90 today.

When you prebook currency you are guarenteeing a rate that you are happy with - in the meantime the rate may go up or go down but you will receive the rate at which you prebooked. You have to weigh up what you will loose in interest payments from your savings if you prebook (and prepay) for the dollars you want for next years agains the rate they are offering - if only we all had crystal balls...............

I would quite happily use Crown Currency again, they did exactly what they promised.

Camac

[Boss Hogg]

Saw the business news on Sky news yesterday and the economist they had on, was predicting $2 to the £ by xmas. His thoughts were that unless there are a raft of positive economic announcements out of the US, there would be no change in the slide.

These would need to include improved inflation, labour, gdp and spending figures which does sound like quite a lot to me!

As an aside we used Crown Currency this year and found them to be very good. I am a little surprised that their rate of $2 to £ has not changed recently, as they have had this for some time now and certainly before the $ hit quite the highs (or lows depending on who you are!) of the recent days.

[Skallywag]

Just paid a lump sum off my DVC membership in advance becuse of the exchange rate.

[Boss Hogg]

Hi,

mickg7dyd mentioned yesterday that BBC2 have said the $ is moving up from its lows of earlier today!!! Sorry to be a bit thick but is that good or bad - is it going up or down.

Thanks

I would guess that he/she was saying this is a bad thing. In that the had been $ "low" against the £ (you get more for your money) and it was recovering/stregthening/getting higher (you get less for your money).

Effectively it's moving up and down at the same time - depends if you have $ to buy or sell ;)