Going to New York in March- get Dollars now or then?
#1
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Thread Starter
Joined: Aug 2008
Location: Victoria, Australia
Posts: 176
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
Thanks in advance
#2
Re: Going to New York in March- get Dollars now or then?
Here is as good a way to tell as any: flip a coin.
#3
Re: Going to New York in March- get Dollars now or then?
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.
#5
BE Forum Addict
Joined: Sep 2006
Posts: 1,966
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.
#6
Re: Going to New York in March- get Dollars now or then?
It might sound convenient to just take money out of ATM but the fees do add up. Its ridiculous.
#8
BE Forum Addict
Joined: Sep 2006
Posts: 1,966
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.
#10
Re: Going to New York in March- get Dollars now or then?
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.
#11
Re: Going to New York in March- get Dollars now or then?
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.
#12
BE Forum Addict
Joined: Sep 2006
Posts: 1,966
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.
#13
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
#14
Forum Regular
Joined: Aug 2009
Posts: 101
Re: Going to New York in March- get Dollars now or then?
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.
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.