Exchange rate - at what point do you not go ?

[Sew109]

I have booked accom, pass and free dining for next August and paid £150 non refundable deposit, we will book flights at some point after Xmas. However I am trying to decide at what point does the currency need to drop to for me to cancel and not go.

I certainly would not go at £1 = $1 I will probably cancel at anything below £1 = $1.10 and maybe even at say £1 = $1.16.

I have been going to the US most years since 1992 often multiple times and had such great rates as $2.12 in 2007 which was handy as that was our wedding and I generally have hoped to get $1.5.

[disney332]

Never

For me, the holiday, the planning, the experience, is a never repeatable life event (at that time), far greater than a ‘rate of exchange’.

Disney332

[nursetina]

I'd never not go due to exchange rate! It's not a cheap holiday anyway but a few more pounds here and there won't really stop me. I love holidaying in USA and will continue to go whatever the exchange rate. If you wait for the good old days of $2 to £1 you will be waiting a long long time I'm afraid and my motto is that life is too short to wait as you never know what is waiting around the corner.

[YorkshireT]

Depends how much you spend. We buy U.K. tickets, stay in DVC at Disney and buy largely counter service meals and get shopping in via Instacart. We refuse to buy much alcohol at $10 a beer, instead getting some in from the supermarket. We buy no souvenirs (read tat). Essentially it doesn’t make much difference to us. We find after all these trips we are not interested in spending on table service meals (average at best and massively overpriced in the main) or spending huge sums shopping. We just go to enjoy the resorts and the parks, and spend just over $120 a day in total for 4 on our last trip.

So difference between a 1.10 and 1.40 makes little difference.

I think the difference is, if it was ever back at 1.80+ you suddenly do start thinking you’ll buy more, don’t care about overpriced restaurants etc.

However due to the disparity growth in the economies (GDP per household in the US is now 20k pa more than us, low wage growth has knackered us) I can’t see us hitting 1.80 again with a telescope, even if we got the best Brexit deal known to human kind.

[Sew109]

Originally Posted by disney332

Never

For me, the holiday, the planning, the experience, is a never repeatable life event (at that time), far greater than a ‘rate of exchange’.

Disney332

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I get this but there are other places to go that offer better value. I hate missing on a state’s holiday but not at any price. I am sure everyone does have a cut off point I mean if the £ was at 50c for instances.

I am not waiting for the $2 days but really want $1.25 plus

[blusteryday]

Having paid for flights, villa, car and tickets the only foreign exchange exposure I will have is for spending money - the value of the exposure not being enough to warrant cancelling.

[elle10]

My £10k holiday in 2017 based on exchange rates alone would cost roughly £11.8k today.
I’d rather adjust my holiday spends (easily done) than not go. But also happy to spend the extra £1,800.

[Andybear]

With my health I'm making the most of my Disney trips as anything could happen and each trip could be my last holiday. So the exchange rate doesn't matter to me.

[sha9]

I don’t go to Florida because it’s the best value for money. I go because that’s where I want to spend my holiday time. The exchange rate is irrelevant to me choosing that destination. Now it may be that at some point the exchange rate is so bad that the cost of hotels, car hire etc is getting too high for me to realistically afford but if I book with free dining then any spends are for souvenirs mainly so I can still go and have a great holiday and eat well. I’d just buy less stuff.

[fizzypop]

I am keeping an eye on the exchange rate and top up my Revolut card so protecting some of my spending money for next summer already.