Should i change money now?

[Bigbluebear]

Is this likely to be the best exchange rate, or will it rise further befor June?

Anybody offer an insight into this?

 

[PudseyChancer]

Is this likely to be the best exchange rate, or will it rise further befor June?

Hang on, I'll get me cystal ball!

If you're happy with the current rate, dive in - it's catch 22 with exchange rates as there's so much that can affect it, and unless you work in the financial sector you can't really call it with any great confidence.

 

[PudseyChancer]

Is this likely to be the best exchange rate, or will it rise further befor June?

Hang on, I'll get me cystal ball!

If you're happy with the current rate, dive in - it's catch 22 with exchange rates as there's so much that can affect it, and unless you work in the financial sector you can't really call it with any great confidence.

 

[wayneg]

See these threads from the last few days.
My advise would be get a no fee credit card but you will read my thoughts about the subject below.

http://www.disboards.com/showthread.php?t=1628816
http://www.disboards.com/showthread.php?t=1632340
http://www.disboards.com/showthread.php?t=1629773

 

[JohnnySharp2]

Bearing in mind a few years back I was happy getting $1.70 then the current rate is fantastic.
Whether it will go up more who knows but personally I would get some now.

 

[luke]

My fiancée is an estate agent in an independant agency, and her boss' currency advisor says it is still set to rise slightly (they deal in property in Florida as well as Spain).

Tho $2 to the £1 is excellent, especially for working out prices when out there

 

[Goofysmate]

It's all swings & roundabouts really .
Go with your gut instint

 

[Soprano]

We're hitting LA in April and I'm buying now. £1=$2 on the highstreet is amazing!


As Luke said below, its easy to work out the cost of things when you are spending you cash in the US thinking, "its like half price"

I'm buying planning to buy a lot with my next pay.

 

[littlelaura]

i always seem to get it wrong..... why does bad stuff happen to good people? we're going in April, and bought ours a couple of weeks ago. Despite internet searches showing as $2.089 to the £1, we got $2.01 to the £. Which was the same wherever we looked. This was through the travel agent. since then i've heard Marks and Spencer is one of the best places to go, as they tend to do a higher rate than the travel agents and banks. I had no idea M&S even did foreign exchange!
As i said, we always seem to get it wrong......so if you do the opposite to us you should be fine.LOL. There was another forum going on the same subject recently, that said that the rate could go as high as $2.40 .
It could go either way, yahoo has a good currency tracker, which shows you how much it has risen and fallen in the past 24hrs/5days/3mnth/yr etc. I'd put the link in, but i'm not sure if thats against posting rules. (i'll Pm it to you instead)

 

[luke]

My fiancée is an estate agent in an independant agency, and her boss' currency advisor says it is still set to rise slightly (they deal in property in Florida as well as Spain).

She spoke to him again and he still thinks we should hold off as the rate is set to get better still.

 

[boff64]

Unless you're changing millions then why bother to change up now. Interest lost versus better excahnge rate is tiny in the amounts most mortals are dealing in.

Last time I went it was around 1.45 and I can remember going to Barbados in 1987 (which is linked to the USD) when it got down as low as 1.12 !!!!!

Anything over 2 is brilliant but wait until nearer the time or get a Post office card before you go and load it up with cash and use it like a debit card. The post office rates on cards are tip top