The US $$

[act1980]

So, the USD is at 1.62 right now.

What are your predictions for the next few months?

Of course we would like it to keep rising but is that possible?

I am not going until October but I am debating whether to buy my $$ now or wait.

What are your plans and predictions?

 

[sandshal]

So, the USD is at 1.62 right now.

What are your predictions for the next few months?

Of course we would like it to keep rising but is that possible?

I am not going until October but I am debating whether to buy my $$ now or wait.

What are your plans and predictions?

If I had a dollar for every time this question was asked I wouldnt need to check the exchange rate seriously though I really hope it keeps rising but no telling so fingers crossed x

 

[skelfbsfb]

If only we all had this magical crystal ball, I like you wish it continues to rise but anything over $1.60 will be a bonus especially after last year.

 

[Loftus]

As said, no-one knows. Buy some now and then track it and buy some more when you're happy with the rate again. That way you average out your rate.

 

[disneyholic family]

long term predictions are in favor of the british pound vs the dollar....
but predictions are just that...
and even if they come true in the long term, it's impossible to know what the rate will be at any point in time...nor how long "long term" means....when is that exactly? anybody's guess..

 

[oceanscape]

Personally, I'd hold out. If the Bank of England put interest rates up (seems likely based on recent events), then the £GBP should strengthen.

 

[scottishgirl87]

The way I see it....what would I be more upset about? Buying now and seeing the rate go up or not buying now and seeing the rate go down?

I'm afraid I'd be more upset about not buying now and then it goes down nearer the time. As someone else said, buy a little just now and see what happens.

I topped up my FairFX again yesterday at $1.60, which just happens to be the highest rate I've ever got on FairFX and I've been using it since 2009. Only got $250 left to get for my trip to NY next month but that'll need to wait for payday on Friday!

 

[Elise79]

That is the million dollar question!

It depends on how the UK and US economy's perform plus interest rate movements.

Personally as we have a Suntrust account every time I can $1.60 I add a couple of hundred dollars.

 

[act1980]

What was the lowest it went down to? 1.3 something? Last year?

 

[disneydaft]

What was the lowest it went down to? 1.3 something? Last year?

It was down around 1.35 at the beginning of 09. Though it was sitting around 2 in 08.
Personally I think 1.5 / 1.6 is about the norm over time. When we went in 93 it was 1.45. After that we have got from 1.52 - 1.58 ish.

 

[act1980]

Wow it did go low didn't it.

I remember going over there when it was $2-£1, was a bit spoilt I think

It has been hovering over the 1.62 mark these last few days, lets hope it at least stays there

 

[Ziggy]

Personally, I'd hold out. If the Bank of England put interest rates up (seems likely based on recent events), then the £GBP should strengthen.

I was thinking this too, I'd be happy also as we have a fixed rate mortgage.

 

[sam_rogers]

i tend to just change a little bit up when i see there's a good rate, you never know what the exchange rate is going to do!

 

[act1980]

It's heading towards the 1.64 mark at the moment!

Lets hope it continues!

 

[T16GEM]

DH was on his iPhone last night and let out a little woop when it got to 1.63

We were there in 2007 when it was $2 to the £1 and then the next year it had dropped something ridiculous - we noticed such a difference. I think that 1.50 ish is getting to be the norm....

 

[skelfbsfb]

It's heading towards the 1.64 mark at the moment!

Lets hope it continues!

That will be the interbank rate thats hit $1.64 not the tourist rate.

 

[Disbabe]

Just purchased £500 from ICE - $ Cash at a rate of 1.6035. Lookin good!

 

[Shaggydog]

I opened a Citibank $ account and transferred some money into it and we get the interbank rate which was 1.62 a few days ago First time we went in 2004 we were getting 1.72 so its not that much different.

 

[wayneg]

Welcome to DISboards Shaggydog.

 

[Shaggydog]

Welcome to DISboards Shaggydog.

Thankyou.....Have been reading the posts on this site for many a year..now I have started posting...