Anyone else facing a foreign currency dilemma right now?

Booked flights and hotel back in March, and paid for my cruise (in $) the day of the vote, which was lucky.

So everything that needs to be paid for on my holiday is sorted, however spend around the various European ports, and onboard the ship, are going to be more costly now.
 
Going to Germany at the end of the month, I'm waiting for the euro to tank in the next couple of weeks. ;)
 
Selekt0r said:
Buy now through a currency provider which provides a 'buyback guarantee' service and give yourself some options.

E.g. With Travelex you can pay £3.99 to enable you to sell the currency back at the same rate for up to 45 days (make sure you book online to get a decent rate though). I think Moneycorp offers a similar service.

So, you could get the currency now and if the rates improve then just sell it back at the same rate as originally bought (losing just the £3.99 buyback fee) and re-buy at the better rate.

You probably won't get the very best rate available from any of the providers which offer a buyback service, but could be worth going this route for some peace of mind.
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Thanks for this. I'll take a £3.99 hit happily, the benefits far outweigh the cost in this instance.

E: As you said though, their exchange rate is fairly poor compared to other places, circa 15,000 to the pound when others are doing over 17,000.
 
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Fortunately, i was partly sensible and expected a fall after the referendum so i hedged my bets and bought £700 of euros at 1.30 a few weeks ago, however, i budgeted £2k for my holiday to Paris so i still need £1300 of euros for 25th July.

Then, i've also booked a holiday in Ibiza in September and need to budget for that too. Hopefully, if the euro goes back up to 1.25ish, i'll buy some then. Ultimately though, even if it remains at 1.20, it'll be about £80 lost in £1000. It's not the biggest problem in the world.

However, i then go to New Zealand and Bangkok next January, and the £ has plummeted against the NZ$ a huge amount since we went last year, we got $2.35 to the £ last year, it's sitting at 1.89 bank rate currently so if that stays that way, it's, going to be a whole lot more expensive for us :( (Fortunately the holidays are all paid for though).
 
I am going to France in 2 weeks (then Spain in September)

I have a few Euro which I purchased at 1.32 with the idea that the rest would be on my Mastercard but their rates are showing as 1.229 now :/

It is okay though I am expecting the leave party to initiate their master plan before September..... :/
 
Now is the best time to buy £ I think. It will probably be going up again by the end of the week. Once people realise it's only been a few days and nothing has actually changed. There's still at least 2 years before we leave the EU.
 
There has been a change, the UK is now sitting in limbo until someone starts to take charge of the situation. Investment in the UK will have virtually ceased as of Friday morning, which has clear and obvious implications for the economy.

It's only been a few days and right now speculators are having a field day, I expect a lot of volatility in the coming weeks. Every little speech or event is going to send the markets off either way.
 
change you holiday to a week in Cornwall and help them get some of the money back they are about to lose................... that way you have no exchange rate worries and don't forget to take your sovereignty tokens because they are worth a bomb now.
 
mid_gen said:
There has been a change, the UK is now sitting in limbo until someone starts to take charge of the situation. Investment in the UK will have virtually ceased as of Friday morning, which has clear and obvious implications for the economy.

It's only been a few days and right now speculators are having a field day, I expect a lot of volatility in the coming weeks. Every little speech or event is going to send the markets off either way.
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wait until people start dumping UK bonds then the party will really start rocking
 
I'm going to Portugal at the end of the week, I always take cash out when I'm there as my bank doesn't change a fee. Hopefully it will bounce back up by the end of the week.
 
Gbp to usd will tank lower probably.

Gbp to eur could go either way as the euro will be taking just as much **** as the pound.
 
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