Question of the Week: When should I buy my foreign currency?

richardw

How much is it going up by and how many are you taking?

dblue75

I don't know if the rate will go up, stay steady or go down.....??? thats why i am looking here for some advice someone may have an idea how/if its gonna fluctuate???

I'm taking £2000 and my girlfriend is also taking £2000

Incapuppy

other and please state

http://forums.moneysavingexpert.com/showthread.html?t=1629547&highlight=when+should+buy+foreign+currency

Aside from the fact that I don't know why anyone would want to carry that much in cash on them, if you plan on doing so then you ought to check the limit for cash on your travel insurance.

Why not use a debit card abroad?

dblue75

Reason being used a debit card before and the banks clever computer kept rejecting my card at cash machines...even though they were told in advance i would be going abroad and using my card...Their clever computer still looks for unusual activity and stops your card....it can only be over ridden by calling the UK holding on for ages then waiting 24 hours to be able to get cash out......OH and what happens again ???? Yup the exact same thing...when you got to lift cash on the 2nd attempt.

So in short, thats why i am not using my card abroad. And this has happened to loads of people. Happened to people in Mexico last yeat who ended up being bailed out by friendly holidaymakers around them until the bar on using their card was liftet...and Da Rah !!!! it happened all over again. :mad::mad::mad:

M4RKM

you have the option of a fairfx card or a caxton card, both prepaid credit cards, and more secure than taking cash. Also, they are designed for use abroad, so there would be no issues using it abroad...

also, the exchange rates are better than the high street.


anyway.. onto the buy now, or later..

i've just glanced into my crystal ball, and it's telling me on the 2nd August 2009, at 16.28 is the best time to buy... oh no? what's that crystal ball, oh.. is the best time to buy a pint of beer, not dollars... oops.. my mistake..

M

dblue75

Aye very good pal....if i wanted a joker.....i'd pull one out a pack of cards.... thanks for your witty banter...almost cracked a smile NOT.

richardw

dblue75 wrote: »

I don't know if the rate will go up, stay steady or go down.....??? thats why i am looking here for some advice someone may have an idea how/if its gonna fluctuate???

How much does it actually matter?

Zazen999

Dblue - nobody knows. Sorry. Marky goes to the US plenty times a year and if HE doesn't know, then nobody will. No need to be rude.

dblue75

I wasn't rude....he was. I was only looking for some expert advice. After all, is that not what this site is all about ???

No wonder a lot of people give up on here, when they receive unfunny and slagging comments which i have witnessed on many a post that people have asked questions.

inspector_monkfish

other and please state

dblue75 wrote: »

I wasn't rude....he was. I was only looking for some expert advice. After all, is that not what this site is all about ???

No wonder a lot of people give up on here, when they receive unfunny and slagging comments which i have witnessed on many a post that people have asked questions.

why don't you try the US$ thread then
those clever knowledgable guys on there will be able to tell you the exact best time to buy, i'm sure

heres a link:
http://forums.moneysavingexpert.com/showthread.html?t=1698143&page=43

come on dude, lighten up and get a sense of humour... he was only messing about