I do this too. We had booked Poly for August, I divided price by how many months I have to pay it off. We just paid final amount off today. Now I have to fluff up my USD acct for expenses. Will have 3 months to fluff up. June (yikes tomorrow), July and August. Have to renew my AP too this trip .We booked our cruise on board in November for next December. We booked our resort stay a couple months ago. The exchange rate has been all over, but right now is a few % lower than the highest we have paid.
My plan is to allocate a certain amount a month and choose the same day each month and make that partial payment. While this won't take advantage of a big rise in the value of the dollar, it insulates a bit against drops and it spreads out the rise and fall in exchange rate...
SW
Doesn't look good :-(Here is a forecast
But they aren't always right
http://www.rbc.com/economics/economic-reports/pdf/financial-markets/rates.pdf
Keep you eyes on this link.... https://ca.finance.yahoo.com/q/bc?s=CADUSD=X&t=5d
A nice spike today...hope it continues.
I have been doing the same thing. Paid our park and fly, paid the balance on our resort, wish I could pay more ahead. Bought some restaurant gift certificates.While we're enjoy the little rally, we've gone ahead and converted the remaining amount that we want to take in cash for our October trip. We're also paying off a few of our December expenses, like pre-paying the park and fly hotel. Probably doesn't make a huge difference in the overall scheme of things, but a penny saved is a penny earned .