AUD Currency Change

llundain

Hi there

Just need a bit of advice really!

Given that the £ is currently crashing around our ears, could any advise of the best course of action as to when to change our £ to AUD for our forthcoming honeymoon in Jan/Feb 2017?

We only have a little saved up at the moment and will continue to save over the coming months, but is it worth changing what we have *now* in case of further drops against AUD, or is it worth the risk of leaving it until closer to the time in case there is some kind of resurgence? I note that as little as a year ago, £1 = AU$2.15 whereas now it is closer to AU$1.60.

Hope someone with a little more knowledge of currency markets can help out.

Thanks in advance

Ben (and Sarah)

PeacefulWaters

Nobody knows. Red or black? If I knew with certainty I'd be making my millions.

You can hedge by doing half now and half later perhaps. I'd go with the flow and take the going rate at the time. Focusing on minimising exchange costs.

http://www.moneysavingexpert.com/travel/travel-credit-cards

Have a great time.

eDicky

llundain wrote: »

Hope someone with a little more knowledge of currency markets can help out.

Even the most knowledgeable cannot give you a better prediction of future exchange rates than the toss of a coin will do.