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Thread: Exchange rate dilemma

  1. #1
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    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?




  2. #2
    Administrator keith's Avatar
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    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 :/
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  3. #3
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    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:

















  4. #4
    Administrator keith's Avatar
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    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
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  5. #5
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    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?

















  6. #6
    Administrator keith's Avatar
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    Quote Originally Posted by britchick, post: 199382
    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 :/
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  7. #7
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    mmmhh it all confusing!

    Does anyone have experience of buying from Crown Currency Exchange?




  8. #8
    Administrator keith's Avatar
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    Quote Originally Posted by Deafjeff, post: 199385
    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
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  9. #9
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    It actually 1.54 not 1.53 so it is quite good rate compared to others.......




  10. #10
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    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!

















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