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The dollar and the £

Hi all,

The £ rate against the $ has been drastically falling recently, It's gone down from 1.60 to 1.56 in just a few weeks!

If Im going on Holdiday in March, is it better to my dollars now or then? I heard the BoE has suggested making the £ more weak to encourage exports..
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Comments

  • loobs40
    loobs40 Posts: 1,232 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Let me look into my crystal ball.......
  • dzug1
    dzug1 Posts: 13,535 Forumite
    10,000 Posts Combo Breaker
    Yes. No. Maybe.

    Pick any one - or even more than one.

    Or you could hedge your bets and buy some now, some then
  • C_Mababejive
    C_Mababejive Posts: 11,668 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    In terms of world currency and for the foreseeable future, the USD$ will always be king so many we should all buy some? should we buy real dollars or physical dollars?
    Feudal Britain needs land reform. 70% of the land is "owned" by 1 % of the population and at least 50% is unregistered (inherited by landed gentry). Thats why your slave box costs so much..
  • Okay so, it may of been possibly of been a slightly stupid question but alas, a stupid question gets you stupid answers.


    Obviously, there are some patterns year on year were the dollar rises and falls. Any ideas ?
  • jackieblack
    jackieblack Posts: 10,577 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 25 January 2013 at 2:39PM
    A look back through the US$ Currency Thread might give you some ideas
    [/CENTER]
    Everything will be alright in the end so, if it’s not yet alright, it means it’s not yet the end
    Quidquid Latine dictum sit altum videtur
  • phatbear
    phatbear Posts: 4,061 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    sonicmouse wrote: »

    Obviously, there are some patterns year on year were the dollar rises and falls. Any ideas ?

    Well if there are obvious patterns year on year surely you can do the leg work yourself and make your own mind up.

    Oh if it was that straight forward we would all be minted
    Live each day like its your last because one day you'll be right
  • C_Mababejive
    C_Mababejive Posts: 11,668 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    edited 25 January 2013 at 7:42PM
    sonicmouse wrote: »
    Okay so, it may of been possibly of been a slightly stupid question but alas, a stupid question gets you stupid answers.


    Obviously, there are some patterns year on year were the dollar rises and falls. Any ideas ?

    There is no such thing as a stupid question for when one stops asking questions,one is truly numb.

    No..as you will know the rate fluctuates all the time.

    I'd say go and buy some soon at the best rate you can lay your hands on and with a forex company which is FSA registered...very important.

    Now three years ago i was in West coast USA and loving it. The dollar was two to the pound.

    Do you know,i clearly remember thinking to myself..hey i need to get as many dollars as i can afford. But i didnt. I just got a bit more than i needed. I could have said the same when i bought Silver Eagles at £19 a go...sigh.


    Yes indeed..if only i were a soothsayer....:D
    Feudal Britain needs land reform. 70% of the land is "owned" by 1 % of the population and at least 50% is unregistered (inherited by landed gentry). Thats why your slave box costs so much..
  • photome
    photome Posts: 16,689 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Bake Off Boss!
    sonicmouse wrote: »
    Okay so, it may of been possibly of been a slightly stupid question but alas, a stupid question gets you stupid answers.


    Obviously, there are some patterns year on year were the dollar rises and falls. Any ideas ?

    Is there really any patterns? If there is can you post back with the best time to buy please:D
  • Neil49
    Neil49 Posts: 3,412 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    The 'fiscal cliff' issue may have been fudged at the end of last year but issues have to be resolved in the next month or so.

    Who knows what the outcome will be! (Even Obama doesn't know the answer to that).
  • richardw
    richardw Posts: 19,459 Forumite
    Part of the Furniture 10,000 Posts
    How many $ are you buying, what percentage changes in the rate are significant to your spend profile?
    Posts are not advice and must not be relied upon.
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