THE DOLLAR - AGAIN!!

[andrewmckay5]

Jane,
if it went that low I would seriously think about selling and exchanging the dollars back into sterling.
andrew

<blockquote id="quote" class="ffs">quote:Originally posted by Calamity Jane
Just going slightly off tangent on this subject.... to all owners, if the dollar rate went as low as what flyrr100 mentioned, would you then set your US rates accordingly or would you keep them as they already are?? I dont use a currency convertor, I just have set rates.

Just a thought.
[/quote]

[wilfy]

I would only buy a small amount of tc's, say $300 for emergencies. Then put everything else on c/card. You should get a better rate than travellers cheques, even taking cash out on plastic. More so if you use a nationwide credit card as they don't charge the normal 2.75% handling fee on any transaction.

[becbecs]

<blockquote id="quote" class="ffs">quote:Originally posted by flyrr100
Get them while they're cheap. It's swings and roundabouts. This time next year it'll be back to $1.20 to the pound.
(And about time too! It's our turn to have some cheap vacations!)
[/quote]

Hope it doesn't get this low, [:O]
I would by a small amount and use Creditcard while over as the rates are very good.[msnwink]

[pieman790]

Nobody knows what the rate will do.They were saying this time last year the rate would hit $2.0/£ I personally cant see it breaking the $2 barrier nor can i see it dropping to $1.2.
We bought our villa last year when the dollar was $1.78-1.8 to the £ and thought we had got a good rate.
We are trying to buy as many dollars as possible whilst the rate is so high at the moment.
Even a few years ago when the rate was $1.45/£ it was good value as things are so much cheaper in the US compared to the UK.

[CERICROWLEY]

The exchange rate took an upscale yesterday as the japanese and american markets were having a bit of a dispute, which pushed the tourist up to 1.81 according to the BBC.

But unless you are thinking about exchanging a lot of money, the difference between 1.80 and 1.81 on a couple of hundred pounds or even £500 is approx $5 give or take.
Anything above 1.80 is excellent. About three years ago when we went out, it was $1.50, so we think the current exchange rate is brillant.

although it can go either way. the american election didn't seem to cause any adverse effects of the dollar, not sure if the british one will either.

The best way to get a good deal on your exchange is to shop around the exchange shops, and go with the best deal there.

[wrpac00]

Karen,

My rates are based around the $ as I pay all my bills in $. I would adjust my £ rates accordingly.

[Harmony]

When we purchased the rates were between 1.38 and 1.44 [msncry]if only we had known. Just think how much more our pounds would buy us now. Make the most of the good rates and just enjoy yourself.

Jeff

[chrizzy100]

<blockquote id="quote" class="ffs">quote:Originally posted by flyrr100
Get them while they're cheap. It's swings and roundabouts. This time next year it'll be back to $1.20 to the pound.
(And about time too! It's our turn to have some cheap vacations!)
[/quote]

It would be nice.....I'm going back ot the UK next year...and don't fancy the cost of spending money....

[flyrr100]

I remember being in Texas while still a British resident and the dollar was at $1.10. That was in the mid 80s. I know the economy has changed since then, but the dollar is weak now. It will get strong again. Wish I knew when and how, I'd be a millionaire!
Buy now. If you have money to invest, invest in dollars or US property.

[Katys Grandad]

I usually lock into what I think are good rates by purchasing a futures contract or by making a small spreadbet. That way you don't have to part with large amounts of cash but are 'hedged' against a fall back.