Best time to change currency pounds to can dollars

madrhino

Hello

I am going on holiday to Canada at the end of may. Today someone told me that I should get my Canadian dollars soon, as the pound is usually weaker around the time of an election. When is the best time to buy dollars? Should I get them soon or should I wait until after an election? Or, as it is quite close to the election now, will it not make much of a difference.

Any advice greatly appreciated.

stevie11

Hi rhino, sorry can't advise you when to get your dollars but as a regular traveller to the US and Canada the Canadian dollar is at the lowest point against sterling I have known in 25 years of visits.

Buying currency is always a gamble, you win some you lose some unfortunately. Maybe the economy will stabalise once the election is over but with only a few weeks before you go away it may not rise that significantly.

I always use Crown Currency Exchange, they usually have the best rates available but the longer you purchase in advance the better rate you get.

StevieTravel

If you buy half now, and half just before you go on your trip that may be the best way of avoiding any big losses.