exchange rate

[angienik]

Hi everyone,

my husband and i go to florida in just over a month now.(cant wait!!!) Does anyone know whats happening with the exchange rate for dollars? Is it better to hold off for a while yet or purchase now.

[Tiggers Friend]

Right now with the markets and economies as they are it's probably anybodies guess!

The tourist rate is about 1.66/1.7.

A web site for foreign exchange I watch suggests that the rate may go up in the coming week.

[dmrevis]

As above, its like a yo-yo just now. As a guide though i bought my last dollars 2 weeks ago at £1=$1.81...thank god i didnt wait till later.

[Susan Veness]

We did a money transfer two days ago that got $1.66 :(

[nutsaboutorlando]

im going to wait a bit longer before i buy mine ,but dont know what to expect with all this mess going on ,just gotta hope for the best i supose.

[CRUSE_4]

The bank I work for had the rate at 1.64 to the £ today...absolutely shocking!!!:cry:

EDIT: that was a drop of 6 cent from yesterday's rate. I seem to remember that the rate was around 2.02 to the £ only a few months ago...where did it all go wrong?!?!

[Ret400]

Its fallen back to a 5 year level.

[Simon Veness]

I doubt if anyone can accurately predict what will happen on this score in the next few weeks and months. The whole financial world is in such a state of flux that no-one really has any firm idea of how things will go, and when. I wish I could be more helpful than that, but it is just a reflection of the uncertain state of things right now. I think we just have to go with whatever the rate is at the moment and try to see if there are any signs of a further downturn in the exchange rate to buy sooner rather than later.

[LeonieM]

My people, www.tegforex.com are doing $1.675 today - it was $1.7 2 days ago! Mind you M&S are down to $1.622 today, which really is appalling.

And yes, this is the rate exactly 5 years ago when we went to Florida for the first time (as a family).

[angie green]

we changed £1,200 today. rung around various places and ended up getting $1.66 to the £ at Thomson on travellers cheques.