Weakening Dollar

N

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Hi guys,

Sorry if this is the wrong forum.

Im off to New York in three weeks and am obviously very dissappointed at the weakening euro as the dollar exchange rate has dropped alot. Do you think I should just get dollars now or try to hold out to the last minute to see if it improves?

Thanks
 
I too am in the same situation, I changed money previously and was getting it at 1.45, should have changed it all then, my last transaction, it was down to 1.29, very hard to know what way it's going to go and nobody will tell you in banks etc as it's too hard to predict, I'm changing mine just incase it gets worse!!!!!!

Enjoy NY, I was there in Feb, fantastic city!!!!
 
IMO this a long term downward cycle and whem BO gets in to the white house he will adopt a srtong fiscal policy just like Bill Clinton. My advice would be buy your $$'s now, with the sharp drop in oil prices the $ will be getting stronger against the euro.
 
I don't understand why anyone takes cash on holidays? Why run the risk? I use ATMs when I travel and take the rate I get.
 
shesells said:
I don't understand why anyone takes cash on holidays? Why run the risk? I use ATMs when I travel and take the rate I get.
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Generally, I take dollars to the US with me for everyday expenses and I normally get them when rates are good (not this time though). For shopping, I generally use my visa over there.
 
I don't understand why anyone takes cash on holidays? Why run the risk? I use ATMs when I travel and take the rate I get.
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I think you are missing the point! The $ was nearly 1.60 to the € in July it is 1.25 to the € today, that's a hell of a hole in spending money and nobody knows where it is going to go in the short term. What the op was wondering was if they should buy some dollars to insulate against further falls, the answer was obviously YES as since they placed the post it has gone from 1.30 to 1.25 and falling. The question is really if is worth the risk to carry cash?
 
cotton eye said:
I think you are missing the point! The $ was nearly 1.60 to the € in July it is 1.25 to the € today, that's a hell of a hole in spending money and nobody knows where it is going to go in the short term. What the op was wondering was if they should buy some dollars to insulate against further falls, the answer was obviously YES as since they placed the post it has gone from 1.30 to 1.25 and falling. The question is really if is worth the risk to carry cash?
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No I got the point. While it is nice to get more dollars to the euro I still prefer to take the hit rather than risk loosing the cash in any way. Even at parity the US is good value compared to here which is why I don't let the exchange rate impact on my decision not to travel with large amounts of any currency.
 
Just look at the weak value of the pound now, the dollar is very strong against the euro and pound. definately not the best time to be visiting the states

life is for living
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shesells is right ., even at parity the US is still a cheap holiday destinantion .i bought 3000 dollars 3 weeks ago at 1.34 and am happy now but it could just as easily hit 1.60 again before i go. just go and enjoyt the fantastic country that is the united states
 
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