Currency Exchange - Should I Wait?

[dartagnon]

Due to go to Tenerife in July and usually buy my Euros about now.
The current rate is approx €1.25 to the £1 so my question is do the learned ABers think I should buy now or hold off until after the Referendum on 23rd.
I know that there will be a lot of speculation but I'd love to hear what others think.
Thanks in anticipation.

[bednobs]

unless you are taking thousands and thousands of pounds, it's not going to make a huge amount of difference

[Jackdaw33]

I'm no expert but I don't think the £ will rise in the event of a No vote, indeed it may fall, so I'd go for now.

[TheChair]

There's no way to predict. Due to the referendum the rate is up and down like a yoyo, and it won't settle down until well after the vote (regardless of which way it goes). There are lots of places online where can set your own desired rate, and they'll change your money when the pound hits that rate. As it's bouncing around, if you set a rate of (say) 1.28, and wait, you might do OK. But it's all a gamble.

[Gizmonster]

I don't think anyone can say for certain which way it'll go.
If anyone can, then get trading on Forex - you'll make a mint :)

http://www.cityindex.co.uk/forex-trading/what-is-forex-trading.aspx

[Booldawg]

Its been dropping steadily since Nov last year. Don't think the referendum was announced until Feb this year

[roslyn251254]

change your £ in Tenerife for a better rate

[mikey4444]

Bednobs says it all !

[malagabob]

Buy in UK now or chance it till a few days before you go.