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Should i change my £ for $ now for holiday in February?

mgh
mgh Posts: 23 Forumite
in Overseas holidays & travel planning
What are peoples thoughts about the dollar exchange rate? I'm going to USA in February and have been advised to change my dollars now. Any advice appreciated. Thankyou

Comments

  • Incapuppy
    Incapuppy Posts: 5,713 Forumite
    mgh wrote: »
    Any advice appreciated.

    A quick look through this forum would reveal that this question gets asked on an almost daily basis nowadays and the answer is always the same - if we knew then we'd all be millionaires.
  • dzug1
    dzug1 Posts: 13,535 Forumite
    10,000 Posts Combo Breaker
    Three answers - yes, no, maybe.

    Your choice. Will the cut in interest rates here (=worse exchange rate) be outweighed by further cuts in the US and the dire state of the US economy (=better exchange rate)? Nobody knows and only a gambler would predict. And most gamblers lose.
  • sturll
    sturll Posts: 2,582 Forumite
    1,000 Posts Combo Breaker
    No one knows. BUT most would agree its PROBABLY not going to fall much further since recent factors that have effected the rate are now changing or improving.

    I am going in Jan and am holding out.
  • photome
    photome Posts: 16,753 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Bake Off Boss!
    It might be a good idea to change now, but then again it might not!
  • richardw
    richardw Posts: 19,470 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Is it really worth worrying about?
    Posts are not advice and must not be relied upon.
  • Teahfc
    Teahfc Posts: 1,468 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    B:beer: uy half now and put the rest of the £££'s in the bank and when you see a rate that you are happy with change the rest. That way you know what half your money has cost you.
    "Man invented language to satisfy his deep need to complain."


    ''Money can't buy you happiness but it does bring you a more pleasant form of misery.''
  • gingerdad
    gingerdad Posts: 1,920 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    June was good
    The futures bright the future is Ginger
This discussion has been closed.
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