Strong Dollar??

[blademankev]

Is this the best time to buy dollars for a visit in July 07?? Anyone got any inside info about whether the rate is going to drop or possibly increase? I was told it would peak at 2 dollars, but it appears to have dropped to 1.85 in the last few days, so I don't know whether to buy now or wait to see if it goes back up. I'm confused!!

 

[carolfoy]

If we knew that we'd all be millionaires, seriously, if you can afford a few now, get them now, if its going to strain you financially over xmas/new year then put it off. I always reckon an anything above 1.80 being a good rate, it has dropped down to 1.30 in the past which is still better than a £=$ rate.
Financially speaking the high street are apparently going to state record losses after xmas, that will have a knock-on on our interest rates etc so if that's likely to affect you, get them now.

 

[AlanUK]

I agree with Carol, if the rate is over 1.80 then it's pretty good

No one really knows what exchange rates are going to do, and if they do then they are certainly very rich and unlikely to share their secrets

 

[badger1518]

We are going end of november 2007 and are buying a thousand pounds worth now probabley from travelex 1.90

 

[mikki.young]

I just got another £1000 worth today at $1.94 from citibank. It's definitely a good rate at the moment!

 

[Ali and boyz]

I just paid for our rental car and specalist equipment for our son for our July 07 trip and saved over £130

 

[TraceyL]

The bank rate peaked at 1.98480 & is still 1.96810 at the time of posting.
Not sure if it's the $ that is weak or the £ that is strong as I'm no financial wizard lol !
The $1.85 you're quoting is probably the tourist exchange rate - shop around you can still get over $1.90 to the £

 

[Boss Hogg]

Not sure if it's the $ that is weak or the £ that is strong

I think the combined wisdom is that the $ is weak at the moment. A lot of economic data from the US lately has not been very good, albeit there was some good inflation news (I think) recently, which may account for the $ strengthening slightly if it has.

 

[Claire L]

Yes definitely a very weak $ hence we can get more $ for our £

Claire

 

[Lizzybear]

I will be buying mine after i've paid off our holiday (which will probably be April-ish) I figure I can't predict what the dollar will do and since I can't afford to be buying currency now i'll take whatever rate I can get when I can