Exchange rate dilemma

[Deafjeff]

Hi,

We are going to Florida this Sept and found a currency exchange website (Crown Currency or something like that) offering to exchange my £ to $ for 1.53 if I exchange them now for Aug delivery.

I am not sure if I should hold out until the summer and see what the rate is like then....

Any thoughts?

[Keith]

I'm in the same situation and the honest answer is I dont believe anyone knows

I've seen predictions that the rate will keep going down until the election because the markets are concerned about a hung parliament. Of course, if it IS a hung parliament, that could mean the rate really drops afterwards so getting it now would be better :/ (or doing what you suggest and guaranteeing a rate).

Other people have said they expect after the election, assuming a non-hung, that things will go back up although not more than 1.58

So :/

[Britchick]

i don't honestly think that it will go up a lot more this summer than it already is so hold around 1.50. When we went last year i set myself a top and lower limit- if it got to the top i would buy, if it went below the lower i would buy. I actually ended up buying at the top so was very pleased. But only because i was obsessed with watching!!! :LOL:

[Keith]

Im not worried about missing out on it going higher, to be honest I'm worried about waiting too long and it going DOWN. People are talking about 1:1 being possible this summer

[Britchick]

shudder! I don't think it will, but that's just me.

Personally i wouldn't give my money to a company that i didn't get the money up front, is it really worth the risk for say 10cents to the £1?

[Keith]

Personally i wouldn't give my money to a company that i didn't get the money up front, is it really worth the risk for say 10cents to the £1?

they've been reliable for others for a few years but I do agree, that's why I havent used them myself :/

[Deafjeff]

mmmhh it all confusing!

Does anyone have experience of buying from Crown Currency Exchange?

[Keith]

mmmhh it all confusing!

Does anyone have experience of buying from Crown Currency Exchange?

not personally but I think some folks on here have and I've read loads of reports from people saying it all worked out very well indeed

[Deafjeff]

It actually 1.54 not 1.53 so it is quite good rate compared to others.......

[Britchick]

we thought long and hard about this and the question we asked was would we be happy to lose our money for the gain.

Each to their own of course and I know a lot of people have used them and speak highly of them. It has to be your decision


Jeez i hope it doesn't go that low!