We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
To exchange or not to exchange
Poor_Princess_Sarah
Posts: 3 Newbie
Hi all,
In Jan 2020 I’m off travelling with my partner, we both have circa £9000 each saved.
We plan to do Singapore, Aus, NZ, Fiji, Thailand, Cambodia, Bali, Vietnam, South Korea, Laos... not in that order!
With our savings currently in £, saved across Nationwide’s FlexPlus regular saver and Marcus, our question now is should we change some money up pre Oct 31st and a possible £ crash?!
My partner was in the US when Brexit vote was announced, the day before the £ climbed but obviously the day of the announcement the £ tanked and his money suddenly was worth so much less. We can’t really afford for our combined £18k savings to drastically drop so much so should we be looking to change the money into another currency and if so what? Some people have recommended changing half into $ and I have a Revolut account I could do this on.
What’s the general consensus, stick or twist?
In Jan 2020 I’m off travelling with my partner, we both have circa £9000 each saved.
We plan to do Singapore, Aus, NZ, Fiji, Thailand, Cambodia, Bali, Vietnam, South Korea, Laos... not in that order!
With our savings currently in £, saved across Nationwide’s FlexPlus regular saver and Marcus, our question now is should we change some money up pre Oct 31st and a possible £ crash?!
My partner was in the US when Brexit vote was announced, the day before the £ climbed but obviously the day of the announcement the £ tanked and his money suddenly was worth so much less. We can’t really afford for our combined £18k savings to drastically drop so much so should we be looking to change the money into another currency and if so what? Some people have recommended changing half into $ and I have a Revolut account I could do this on.
What’s the general consensus, stick or twist?
0
Comments
-
You need someone with a crystal ball to answer this,what happens if you change your sterling and the next day the £ goes thru the roof,take a card that charges no fees and not stirling.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.2K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.2K Work, Benefits & Business
- 603.8K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards