Dollar rate is in free fall!!!!

[Trixster]

Just looked at the rate for the dollar and it dropped below $1.48 at one stage this morning and is still below $1.49.

 

[joemo]

I know - so the tourist rate will be about $1.43!!!

We're off in 5 weeks and I am panicing big time!!

 

[Natasha&Matt]

bad times!

 

[kristieuk]

Bad news, don't remember it being this low for 10 years or so! Really hope it picks up soon, I know a lot of people have been hanging on. Surely there must be some light at the end of the tunnel

 

[originalkk]

Bad news, don't remember it being this low for 10 years or so! Really hope it picks up soon, I know a lot of people have been hanging on. Surely there must be some light at the end of the tunnel

....only if there is a clear result at the general election. The poll over the weekend suggesting that a hung parliament is more likely is worrying the exchange markets. They want a strong government to cut public spending.

 

[Neoshoegal]

Bad news, don't remember it being this low for 10 years or so! Really hope it picks up soon, I know a lot of people have been hanging on. Surely there must be some light at the end of the tunnel

it was lower back in November 2008! It went down to about $1.33/£1, which was rather annoying as we were in the US at that time. 6 months earlier it was at the $2/£1 rate.

 

[Elise79]

It was under $1.40 last March when we went.

It is what it is and at the moment we are not going get any stablility.

 

[Trixster]

Rate seems to be creeping back up again, but still a 3 cent fall in one day is very unusual - traders must be getting nervous about the UK.

I would still prefer to go to WDW at the current rate than not to go at all!

 

[seobaina]

Yep, was gonna get the fairfx card cause it was 1.5 and I figured that wasn't too bad but even that's dropped to 1.47 I just wanna find something at 1.5 or higher and I go in 7 weeks. Scared now!

 

[london75]

Crown have got 1.50 delivered in 3 weeks time or 1.55 in five weeks.

Usual disclaimer about risk applies but it's one I'm always prepared to take.

http://www.crowncurrencyexchange.com/content/us-dollars.asp

 

[igk]

I can only imagine the risk of dealing with Crown increases the further the pound falls. What they are doing doesn't make any sense.
Hope I'm wrong

 

[disneyholic family]

I can only imagine the risk of dealing with Crown increases the further the pound falls. What they are doing doesn't make any sense.
Hope I'm wrong

the whole currency market seems very jittery....going every which way...the dollar, the pound, the euro....all over the place..
it seems all 3 are weak, just on different days of the week...

 

[igk]

the whole currency market seems very jittery....going every which way...the dollar, the pound, the euro....all over the place..
it seems all 3 are weak, just on different days of the week...

I agree - plenty of other countries are in a mess. Japan is a good example - they are in real trouble, but the yen strengthens in uncertain times, whereas the pound gets hammered. The election is just another excuse. It might be self limiting though - the markets think Labour might get back in power, so they sell the pound. Then the pound dumps, so Labour's poll rating falls, so the pound recovers... The election is only part of the picture though.
It's quite depressing really - and it all seemed so inevitable

 

[2Tiggies]

It was under $1.40 last March when we went.

It is what it is and at the moment we are not going get any stablility.

Same here. We went in April (beginning) last year and it was just skimming the 1.40 mark. Luckily I had bought most of my currency the previous year at around 1.98, but still had to get a few hundred at the time and it made a BIG difference.

I agree with Elise79 though. It is what it is and I am still going. If I have to spend a bit less so be it!

 

[misscrossbee]

I'm glad we got the free dining plan now - at least I know we won't starve to death if the exchange rate is even more dire by the time October rolls around, lol.

 

[wayneg]

I'm glad we got the free dining plan now - at least I know we won't starve to death if the exchange rate is even more dire by the time October rolls around, lol.

That was the main factor for us trying OKW with free DDP last August, cost £91/night for a studio. Looked at usual places we stay offsite and what we normally spend on food offsite, decided OKW was the best option even with having to pay $10/night internet fee.

Booked it again for this August for 21 nights, glad we did now, this year gone upto £100/night + $10 internet but the way the £v$ is going it looks best option again.

 

[2Tiggies]

I took the same point of view as Wayne on our October trip. The free dining worked out cheaper for us to stay at a moderate with meals paid this year and flying out of Glasgow than what we paid for last year's trip at a value when we still had to pay for flights from Scotland to fly out of Manchester - plus the hotel and dinner and breakfast overnight for departure. I must admit, we have never done free dining before since we do the peak time trips, so our rates would have been a bit higher then . Nonetheless, it was an irresistable offer and as someone says, we won't have the expense of food when we get there.

Will the politics in the US have an impact on the exchange rate for us at all? I don't really know much about all this stuff.

 

[kristieuk]

I agree - it won't stop us from going, just what we spend whilst we are there, shopping is not such good value, so we won't get as much. We try to stock on $ when the rate is better so we have some stashed that we bought at $1.70-something, but otherwise I think a few nights in instead of eating out should hopefully balance the equation. I hadn't realised the rate was so low in recent times - thankfully have managed to avoid having to buy at those rates. Hopefully it might settle down once the the election outcome is clear.

 

[pigletsfriend]

Hope it gets better soon, glad i went for free dining too.

 

[arielrocks]

gutted I didn't get my dollars a few weeks ago - but hopefully it will pick up bit