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Going to New York in March- get Dollars now or then?

Going to New York in March- get Dollars now or then?

Old Jan 2nd 2010, 11:16 pm
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Default Going to New York in March- get Dollars now or then?

Hey, I am going on holiday to New York in March and I was wondering, would it be better to get them now or in March- will the exchange rate be better?

Thanks in advance
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Old Jan 2nd 2010, 11:33 pm
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Default Re: Going to New York in March- get Dollars now or then?

Originally Posted by Robw4 View Post
Hey, I am going on holiday to New York in March and I was wondering, would it be better to get them now or in March- will the exchange rate be better?

Thanks in advance
Whoa! If I knew that, I'd be retiring by the end of the year.

Here is as good a way to tell as any: flip a coin.
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Old Jan 3rd 2010, 12:08 am
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Default Re: Going to New York in March- get Dollars now or then?

Originally Posted by Robw4 View Post
Hey, I am going on holiday to New York in March and I was wondering, would it be better to get them now or in March- will the exchange rate be better?

Thanks in advance
I am going in March as well. Based in SYdney - all predictions (from brokers and banks) are AUD to strengthen. Personally though - I think USD will strengthen in Q1....So I am buying half of my need this week and leave the rest for Feb/March.
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Old Jan 3rd 2010, 12:28 am
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Default Re: Going to New York in March- get Dollars now or then?

Originally Posted by nettlebed View Post
Whoa! If I knew that, I'd be retiring by the end of the year.
Damn right! Many of us on here, who moved last year, took a real shafting on the exchange rate. There's probably folks here who got bent over the last few times Sterling tanked too.

Holiday money...
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Old Jan 3rd 2010, 1:03 am
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Default Re: Going to New York in March- get Dollars now or then?

I'm too lazy to do either, I just use my ATM card when I go away. Seems so quaint now, the idea of swapping your money over before you go.
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Old Jan 3rd 2010, 2:47 am
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Default Re: Going to New York in March- get Dollars now or then?

Originally Posted by augigi View Post
I'm too lazy to do either, I just use my ATM card when I go away. Seems so quaint now, the idea of swapping your money over before you go.
You would know better of course - US banks are much more competitive and may be use of ATM is better but forget about that from an AUssie bank. Such a rip off, lack of competition. Not only do they give lower exchange rate for your money but also charge you every time you use ATM...atleast that has been my research.

It might sound convenient to just take money out of ATM but the fees do add up. Its ridiculous.
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Old Jan 3rd 2010, 2:54 am
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Default Re: Going to New York in March- get Dollars now or then?

how long is a piece of string?
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Old Jan 3rd 2010, 4:00 am
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Default Re: Going to New York in March- get Dollars now or then?

Well, I have an Aussie credit card that has no international transaction fee. When I used to travel to the US, I would pay for most stuff using that (it's a Wizard mastercard), then I would use an ATM maybe once or twice to get out whatever cash I needed.
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Old Jan 3rd 2010, 4:09 am
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Default Re: Going to New York in March- get Dollars now or then?

Originally Posted by Bob View Post
how long is a piece of string?
Three inches.

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Old Jan 3rd 2010, 8:52 am
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Default Re: Going to New York in March- get Dollars now or then?

Originally Posted by augigi View Post
Well, I have an Aussie credit card that has no international transaction fee. When I used to travel to the US, I would pay for most stuff using that (it's a Wizard mastercard), then I would use an ATM maybe once or twice to get out whatever cash I needed.
When you incur a cost denominated in a NON AUD currency, the exchange rate Wizard gives you factors in their profit on the transaction. So if the middle market rate is say 80 USD = 1 AUD, Wizard will give you only 78 cents. Sure you don't see the fee but it's all factored in.

I have worked in merchant facility area of a major bank and hence the knowledge on the topic i guess....

http://www.aussie.com.au/credit-card...es-charges.htm

Last edited by E3only; Jan 3rd 2010 at 9:02 am.
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Old Jan 3rd 2010, 10:34 am
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Default Re: Going to New York in March- get Dollars now or then?

Originally Posted by Robw4 View Post
Hey, I am going on holiday to New York in March and I was wondering, would it be better to get them now or in March- will the exchange rate be better?

Thanks in advance
Just finished reading a piece in the Times Money section about how all the experts got their 2009 predictions completely wrong, so I hardly think you can rely on anyone here to have the correct answer about the future of the dollar. Other than the issue of incurring multiple fees, the advice to spread out your transactions makes the most sense.
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Old Jan 3rd 2010, 12:39 pm
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Default Re: Going to New York in March- get Dollars now or then?

Ah well, what the eye doesn't see the heart doesn't grieve over, as the saying goes.
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Old Jan 3rd 2010, 1:45 pm
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Default Re: Going to New York in March- get Dollars now or then?

If labour win the election the pound will tank so watch the polls
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Old Jan 3rd 2010, 2:34 pm
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Default Re: Going to New York in March- get Dollars now or then?

Originally Posted by vegas View Post
If labour win the election the pound will tank so watch the polls
I think GBP will take a hit when the UK General election is announced, and remail lower until the result is announced, regardless of who wins, though I can't see Gordon Brown winning an election.

We were up around $1.67 to the GBP back in December, it's dropped as low as $1.59 in between and is now around $1.62, but it's still fluctuating.
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Old Jan 3rd 2010, 5:48 pm
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Default Re: Going to New York in March- get Dollars now or then?

Originally Posted by vegas View Post
If labour win the election the pound will tank so watch the polls
Like theres the slightest chance in the world of labour winning the next election.
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