pay for holiday now because of exchange rate?

[disney1sttimer]

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 :/

[Slowhand]

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.

[disneymom]

Im wondering the same thing but the interest on the credit cards may be worse than any advantage gained by the exchange rate

[kazzaqld]

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.

Hindsight is 20/20 but I would have been better off buying it then - ah well I know what ever I decided would have been the wrong thing

As Slowhand says it's not something you can predict.

I have to get it soon - we go in less than 3 weeks! ::

[Slowhand]

Im wondering the same thing but the interest on the credit cards may be worse than any advantage gained by the exchange rate

That`s very true.
My earlier post assumed that you had the funds to pay without using a cc.

[Val]

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.