Off to the US in February

[Lockhouse]

Staying in a not inexpensive hotel. Do I pay the bill in full now as by next February the £ will be at $1.25?

[TykeMerc]

Staying in a not inexpensive hotel. Do I pay the bill in full now as by next February the £ will be at $1.25?

If you honestly believe that Sterling will devalue significantly against the US Dollar and not recover by Feb then it would seem to be a wise move.

I'm not going to cast an opinion as there's at least 1 major election between now and then.

[Funkywood]

You could try averging in, converting a bit of currency each week if you don't fancy gambling on the timing. Just make sure you're not paying commision.

[ft101]

You could try averging in, converting a bit of currency each week if you don't fancy gambling on the timing. Just make sure you're not paying commision.

If its a significant amount, that's what i'd do - try and hedge it a bit.

[tay]

What you DONT do is book your flight back form New York on Sept 11th like I did for next week.... Mrs tay was unamused for some stupid girly reason.

[ThomasSoerensen]

buy soms USD now. You will get them cheap and if the hotel is expensive enough you will support the dollar so you don't feel bad later for having paid already as the USD does not drop as much.