When's the best time for me to exchange my GBP (£) to US ($)?

Question

Hi all

I'm going to Florida mid October and am wandering when will be the best time for me to change my currency. The dollar at the moment is approx. $1.80 to £1, will be better off changing now, or in a few weeks/months time?

Answer 1

the £ is going down against the $ so i would consider changing now

Answer 2

No one can be sure, but the general trend is the dollar is getting stronger, so as soon as possible would be my bet.

Answer 3

If you was going in two weeks I'd be thinking about changing it now to be honest if you click on:

http://newsvote.bbc.co.uk/1/shared/fds/h...

It shows that the value of the pound has been decreasing for he last few weeks.

But because your going in October I'd probably wait a couple more weeks and see if anything changes.