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Timeshare Fees and Exchange Rate
petermog
Posts: 30 Forumite
Every year the Timeshare Company I am with sends a pamphlet outlining the new fees for the following year. The rate is calculated into Pounds using the exchange rate at the time and you have to pay that amount in January. If I phone up now and they calculate how many Euros they need to achieve the PRESENT cost of £x will I be paying more in Euros to them (in other words is the current strong pound meaning they are getting more in Euros than they first calculated in the summer from us) so could there be an argument for reduction of this fee?
I was thinking of paying a few years up front to save a few pounds but if this is the case at present might I be better leaving things as they are and just pay every year and suffer the usual inflationary increase. I cant see them saying 'because the pound is so strong you will pay less next year than last'!
I hope someone can help me with this as I can't quite get my head round whether a strong pound is good in this circumstance for me.
I was thinking of paying a few years up front to save a few pounds but if this is the case at present might I be better leaving things as they are and just pay every year and suffer the usual inflationary increase. I cant see them saying 'because the pound is so strong you will pay less next year than last'!
I hope someone can help me with this as I can't quite get my head round whether a strong pound is good in this circumstance for me.
No reliance should be placed on the above.
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