OUCH! Recent exchange rate trend

[tybear]

The last 10 days or so in particular has witnessed quite a significant strenghtening of the $ against the £ and whist i appreciate this is a very imprecise science ,for anyone who has a better grasp and insight into Economics than myself, what would be the likely effect of the revaluation of Chinese currency against the dollar with regard to the exchange rate of £ to dollar.

I suspect that there may well be a few of us in the situation of having to make some form of hefty payment in dollars shortly without having forward bought due to the recent 'consensus' that the uk pound would hit 2 dollars and beyond.

Views of likely near term movement very much appreciated [confused]

[Rodney]

This is another example of how I live in Truman world!
Ever since i've booked my hols many months ago the dollar has been high and rising. Now its nearly time to pay for the villa, car and disney tickets, guess what?[msnmad][msnmad][msnmad]

[E. Cosgrove]

If you booked your car hire from this site Rodney you could have secured your price with just a £25 deposit![msnoo]

[andrewmckay5]

Anything above $1-80 is still a fantastic rate. Many owners on here would have bought when the £ was below
$1-50. Also for the amount of money changed for holiday purposes and the good value in Florida anyway I don't think anyone should feel they are losing out if they change at $1-80 instead of $1-90.
If you were to change up £2500 for a 14 day holiday for 4 people, the 10 cents difference betwwen $1-90 and $1-80 would equate to less than $4-50per person per day.
Personally having lived in the states when it was $1-20 to the £( and relying on converting £s for the year) i think anything above $1-60 is a great rate.
andrew

[chrizzy100]

I need the pound to full like a stone for my trip to the UK....so I'm lighting all my candle to make that happen.....evil grin.......[}]

[Lyn]

For once I may have got it right. I have bought all my travellers cheques & park tickets, have also paid for the villa.

[Mo Green]

<blockquote id="quote" class="ffs">quote:Originally posted by andrewmckay5
Anything above $1-80 is still a fantastic rate. Many owners on here would have bought when the £ was below
$1-50. [/quote]

I agree Andrew - if only it had been that good when we had ours built[msnmad]

1.79 on Travelex today which is still quite good in my view[msnwink]

[Ruth]

It was $1.4 when we bought our villa so I agree with Andrew, anything above $1.6 is a bonus

[Steve and Dawn]

Give it a month or two and it will come back up..... we had this just after Xmas it started to fall and then rose again.... he says hopefully..[msnsmile2][msntongue]

Steve & Dawn