hi what would you do? we could pay for the disney hotels now on a credit card while the exchange rate is 1.8 or wait until next year and hope it gets better not worse :/
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hi what would you do? we could pay for the disney hotels now on a credit card while the exchange rate is 1.8 or wait until next year and hope it gets better not worse :/
It`s a bit like tossing a coin right now. The exchange rate could go either was and it takes a very brave man [or woman] to speculate on what will happen to the money market over the next year.
Personally, if I felt that I would not have a greater need for the cash right now then I`d go ahead and pay the amount now. At least then it`s over and done with and whatever happens, unless your expenditure is in the £££`s, a few cents here and there on the exchange rate won`t make that much difference really.
On the other hand, you could consider putting your cash into a deposit account in order to earn a bit of interest until the time comes to fork out.
Im wondering the same thing but the interest on the credit cards may be worse than any advantage gained by the exchange rate
That was the decision I made when we were nearly 1 for 1 with the dollar a few weeks ago and now we are at 85 cents. :mad:Quote:
Originally Posted by disneymom
Hindsight is 20/20 but I would have been better off buying it then - ah well :rolleyes008: I know what ever I decided would have been the wrong thing :oops:
As Slowhand says it's not something you can predict. :confused:
I have to get it soon - we go in less than 3 weeks! :p015:
That`s very true.Quote:
Originally Posted by disneymom
My earlier post assumed that you had the funds to pay without using a cc.
but it is still much better than the 1.34 we were getting a few years ago.... it's what I keep reminding myself when my hotel bill rocketed by £148 because of the fall in exchange rate.