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Trip Planning Florida Florida Holiday Planning Questions, Suggestions and Tips. |
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5 May 21, 12:15 PM |
#1
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slightly serious Dibber
Join Date: Sep 12
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Buying dollars
Maybe a how long is a piece of strong question but for anyone going 2022 when are you thinking of buying your dollars ? Is the rate expected to go up or crash etc this year ?
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5 May 21, 12:40 PM |
#2
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Imagineer
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No one knows what will happen with exchange rates so only you can decide when to buy
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5 May 21, 12:49 PM |
#3
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Excited about Disney
Join Date: Feb 20
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As the previous poster has said no one knows if it will go up and down and by how much.
I guess if your happy with the rate, then buy some or you could buy a few each month to average it out. We have already purchased $1500 towards our trip to NY in October and will keep buying if we feel the rate is good. We will use any left over for our Orlando trip next year |
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5 May 21, 01:00 PM |
#4
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Apprentice Imagineer
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How long is piece of string, no one knows what will happen to the $$$$. Hopefully 2022 we will be seeing good rates again. However, in 2017 we only got $1.30 .
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5 May 21, 01:05 PM |
#5
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slightly serious Dibber
Join Date: Jul 10
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We have decided to pay everything off in $ that we can but we are going to hold off buying $ unless it is particularly good as it would be my luck to increase once purchased. We also don't like to take a huge amount of cash and a 0.20c increase doesn't make as much as a difference unless you are taking k's... that's my personal opinion anyway...
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5 May 21, 01:15 PM |
#6
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Imagineer
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There are far to many variables at the moment. The $ is currently at the best its been in 3 years and we have only just come out of Brexit. The economy seems to be heading in the right direction compared to our EU counterparts, but with Covid, we just have to wait and see which countries get out of this the best. Remember furlough has killed this country in the short term and debts are insanely high, but you could argue that debts would be worst in the long run without furlough.
There are also some people that seem to want the $ to be lower, and everytime to rate starts increasing, someone opens their mouth with bad news about the UK or £ and rates plummet again. Personally 1.4 ish rate I would be happy with at the moment and if I was going I would be buying a travel card and topping it up. We have been away when it was 1.7, 1.9, 2.0 but also 1.4 and below 1.3 and when it was below 1.3 it was noticeable. I cant see it reaching 1.5 or above any time in the near future, but some prediction sites are saying just above 1.5 for 2022. Only you can say weather you want to buy at 1.4 or risk waiting for 1.5, but you could end up with 1.3. Best thing is work out how much you will really gain or loose.
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5 May 21, 01:21 PM |
#7
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Imagineer
Join Date: Mar 12
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Personally gave up this game some years ago.
Worked out that the +/- figures of trying to get the best rates were at most worth $50 across what you spend on holiday. More often than not it was closer to +/- $20. We just use credit / debit cards that give the spot rate at the time now. Change a very small amount for tips etc if we didn't have some left over from the previous trip (not had to change anything for a few years now) and do still have a Caxton card available to load up in the case of emergencies (it has a minimal amount still on it). Found it much better way of doing it as you aren't committing money months ahead of time or worrying about percentage of cents fluctuation in exchange rates. Edited at 01:22 PM. |
5 May 21, 04:44 PM |
#8
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Thread Starter
slightly serious Dibber
Join Date: Sep 12
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Thanks , yes we felt the below 1.3 in the past ( might have been under 1.2 actually ) , think we’ve had nearly 1.7 too
Edited at 04:48 PM. |
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5 May 21, 04:50 PM |
#9
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Imagineer
Join Date: Sep 06
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In May 2022 the exchange buying rate will be $1.43 in John Lewis
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6 May 21, 09:24 AM |
#10
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Imagineer
Join Date: May 14
Location: Kent
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We went in 2019 and the rate was $1.27.
We're going next year so I bought £500 when the rate got to $1.32, and another £500 when it got to $1.37
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