$ Exchange Rate

[buzz15afc]

im heading to america at the end of the month, the $ is sitting at $1.64 =

[The Boofon]

im heading to america at the end of the month, the $ is sitting at $1.64 = £1.....

 

not sure whether or not to buy my currency tomorrow, or wait and see what will happen if/when the bill is passed to bail them outn of the sh*t that is going on

 

anyone know what way the exchange rate is likely to go depending on decision made over there today?

 

Nothing that will affect you too much. At worst it will drop or rise a couple of cents. Never shifts more than that at any one time unless it's a super crash.

 

It's been pretty steady for quite a while now so I doubt it would go to 1.74 or so by the end of the month.

 

Just finished a dollar contract job so have always had a good eye on it. Paid in pounds now so don't bother so much.

 

Two good links to let you see what it's been up to on a graph. Remember tourist rates will be far lower to buy and higher to sell so watch you don't get stung at the post offcie or travel agent.

 

Normally just better carding it over there and taking the bank rate at the time.

 

Rate link

 

Rate link 2

[madjockmcferson]

Just got my green card and I still have money in the UK. Part of me says i hope the debt deal isn't signed so the currency crashes. The (more sane part of me) says that this would be a disaster, with the liklihood of me getting a mortgage at a low rate and me getting a job dramatically reduced.

[muttondressedaslamb]

Not sure but it may initially increase in value with the announcement of a debt deal? Therefore might be better to get it now.

[tainboy]

If you're going on holiday get one of those pre pay credit cards like the TravelEx money passport.

[madjockmcferson]

Ultimately though its a fools errand trying to second guess it. I've worked with fund managers and they universally say that trying to predict currency is very difficult and not worth your energy.

[muttondressedaslamb]

Yes, like after the Japanse quake and tsunami the Yen grew stronger, initially anyway.

I'd love to understand and learn more about global currency, unfortunately economics and the likes was never a strong point

[buzz15afc]

If you're going on holiday get one of those pre pay credit cards like the TravelEx money passport.

ive got one of those, bets things since sliced bread, used it last year to, so handy, never really had to carry cash as everywhere accepted it... just not sure when to top it up!!

 

thanks for all the help, reckon ill just top up tomorrow

[The Boofon]

ive got one of those, bets things since sliced bread, used it last year to, so handy, never really had to carry cash as everywhere accepted it... just not sure when to top it up!!

 

thanks for all the help, reckon ill just top up tomorrow

 

 

Credit rating downgraded in the states but I doubt it will have a huge impact on the dollar.

[OddJob]

The world economy in general is going to sh*t and it's really just a gamble when deciding to buy or sell your currency. This whole Euro fiasco is an example of this.

[King Street Loon]

Take all your money out of the bank and stuff it in your mattress.