Anyone else facing a foreign currency dilemma right now?

Semple said:
I suspect it will drop further before it starts to get better. EDIT, i believe HSBC were predicting the GBPvUSD was going to drop to about 1.2, (currently at 1.34)

As for bulletv, I'd say you're more in a gamble with needing to get currency in the next few weeks. I don't think anyone can say whether to buy now in case it drops further, or wait until it might rise.
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I'm probably only going to take out 500 Euro as I've got a week in Funchal. Breakfast and dinner already paid for.
 
wildman said:
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.
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^^ +1

Might want to act quickly before Cornwall declares independence and issues its own currency: the Pasty. I suspect it will be smashed pretty badly within the first week.
 
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I've a couple of bills totalling about $8.5k and the exchange is around $1.32. :(

Edit: Just paid one at 1 GBP = 1.3047 USD :(
 
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mid_gen said:
Looks like we're going to breach 1.2 GBPEUR, if it hasn't already.
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Looks like some countries are trying to force it down which is resulting in the dollar trailing downwards as well - it is possible it will drop below 1.2 (which the Asians seem to be betting on) with the article 50 stuff but at this point simply no one knows as there are just too many variables other than the fact that uncertainty tends to make it go down.

flowrider99 said:
Best to wait and ignore all the Remain doom mongers.
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You certainly don't want to bet on the people saying its going to be business as usual :S its already taken a fair hit and there are people invested in it taking a much bigger drop.


EDIT: The interesting thing is that foreign entities on the one hand are making sure we have good access to credit while on the other hand actively trying to devalue our currency - we need good strong leadership right now to make sure they don't gut the country of it's wealth as they appear to be set on doing.
 
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I leave for Bangkok on Wednesday, 54 baht/ pound before the votes and now 47, probably in the 46 area by the end of the day :(
Still asking myself why I didn't get some money changed heh
 
Rroff said:
EDIT: The interesting thing is that foreign entities on the one hand are making sure we have good access to credit while on the other hand actively trying to devalue our currency - we need good strong leadership right now to make sure they don't gut the country of it's wealth as they appear to be set on doing.
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Don't hold your breath on that one.
 
GBP is expected to drop to 1.2 against the dollar. there will be ups and downs along the way, but with the UK entering a recession now , all the major parties turned upside down, the chances of Scotland and NI leaving the union, the City extremely unhappy and trying to leave the UK behind - it isn't lookign pretty.

I expect the pound to fall and it will take a long long time to recover. Best case scenario is Article 50 is not signed, a second referendum is held with more facts over what brexit would actually mean. There is a small glimmer of hiope that the UK government will do the right thing and block the brexit
 
I still have some pounds and was debating transferring to dollars before the referendum, but I honestly didn't expect the leave vote to win.

Now I'm not sure if I should exchange at today's terrible rate in case things get worse or just leave them and forget about them for however long it takes them to recover.

I'm leaning towards just transferring now, crying at the terrible rate and forgetting about it.
 
IDR and other oriental currency still on a downward trend. Not sure whether to bite the bullet and get a lump sum transferred over now. Are we expecting this to keep dropping?

inb4...nobody knows ;)
 
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