dollar dollar dollar

[luvtinkerbell]

ive been watching the dollar, its seems to be on the up, its 1.55 today. we don't go till march 2014 should I wait, or should I get some um that's the question

 

[MrRomance]

It hit 1.56 yesterday too. I think we'd all love to know the answer to your question and be able to predict when to pull the trigger but it's really quite unpredictable. For what it's worth, my opinion is that this upward trend is to do with the uncertainty over Syria. I don't think there will be much movement and to be honest, unless there is a huge jump or you're planning on changing up a lot of money, the difference really isn't that significant anyway.

Personally, in your shoes, I would go with dollar averaging and buy a set amount every week or month and average it out because you just don't know what will happen.

 

[2Tiggies]

Personally, in your shoes, I would go with dollar averaging and buy a set amount every week or month and average it out because you just don't know what will happen.

I do this and it works very well. Although I now save ££ and put them aside to transfer into a fee free credit card for spending there, if I see a rate I am happy with at any given time, I 'lock in' the rate by just buying some cash or putting money into my FairFX card. I've been doing this continuously for years and do so regardless of whether I have a trip booked, have just come back or am already there. It also removes the temptation to continuously convert when you look at prices in dollars which IMO shouldn't be done if you have already bought your currency, but that's another discussion

 

[MrRomance]

I do this and it works very well. Although I now save ££ and put them aside to transfer into a fee free credit card for spending there, if I see a rate I am happy with at any given time, I 'lock in' the rate by just buying some cash or putting money into my FairFX card. I've been doing this continuously for years and do so regardless of whether I have a trip booked, have just come back or am already there. It also removes the temptation to continuously convert when you look at prices in dollars which IMO shouldn't be done if you have already bought your currency, but that's another discussion

That is kinda what I do. I have a CaxtonFX card that I put money on when the rate is good and I also buy cash at regular intervals. It works well because if the price falls or rises it all balances out.

 

[skelfbsfb]

I generally use my PO CC as I get the interbank rate.

 

[Samaya]

Still slightly moving up, bank rate at 2.45pm was $1.58566, while Covent Garden FX is currently showing $1.5644.

http://www.xe.com/currencycharts/?from=GBP&to=USD&view=1W