Currency Exchange! Given the recent drop in the exchange rate betwen the GBP and US$ Do I change now or wait?


Currency Exchange
WHAT THE F***? asked:


I am going on holiday to the US in 10 days time.
Given the fact that the exchange rate between the GBP and the US$ has dropped from 1.99 (01/08/07)1.82 (currently 16/08/07). Do I change my £1000 spending money now or wait another week?

This entry was posted on Monday, February 1st, 2010 at 12:00 am and is filed under Other - Business & Finance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

5 Responses to “Currency Exchange! Given the recent drop in the exchange rate betwen the GBP and US$ Do I change now or wait?”

  1. ANF Says:
    February 1st, 2010 at 3:58 pm

    Looks like the shift is downward so buy now. When you come back let the level drop as low as you can wait for before changing back what you have left over. Try Tesco exchange on line as they seem to give a better deal than the banks and travel agencies. ANF

  2. xBrain Says:
    February 5th, 2010 at 2:25 am

    If me as the forex trader, change it now because the currency will go up again for gbp against usd xBrain

  3. wacky Says:
    February 5th, 2010 at 5:36 am

    Change now! the way the stock market is going there will be another big drop shortly! wacky

  4. sicoll007 Says:
    February 7th, 2010 at 10:55 pm

    The stock markets are under going some rough times at present, and 1.82 is still a good rate that will realise good value in the US, so if you change now, you know that you are still getting value for money: If it then goes up, it’s like so what, but if it goes now, then it will cost you more. sicoll007

  5. Denise Says:
    February 10th, 2010 at 9:00 am

    Look around and find someone who isn’t charging commission, this makes a big difference, The Post Office are doing this deal at present. Check it out.Their rate if 1.833 and you will receive 1.833per £ so you will get £1833. Hope this helps.Have a nice holiday I love the USA and always enjoy it over their. Denise

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