Changing Holiday Money

[suzanne2207]

Hi I know there is no concrete answer to this one, just opinions would be welcome!
Mean to buy my Euros last week - would have got 1.23 to the �. Forgot to do it and today the exchange rate is about 1.15!
I can hold on for a few more days yet - will the rate of exchange continue to worsen, or shall I hold on a while to see what happens? Really begrudge accepting terrible rate of 1.15 now.
Thanks

[Ethel]

If anyone knew the answer to that question they would be able to get rich very quickly.

I take very few euro and use my debit card to get cash abroad, and my credit card wherever possible. I get a much better exchange rate and my bank doesn't charge me for using the cards abroad

[sandmaster]

Ethel's right as usual. If we could tell you the answer we would be very rich. You know what you can get today, tomorrow still has a veil drawn over it. You must decide to either take what is on offer or risk the rate going against / for you. As Ethel suggests - hedge your bets!! Accept that the excellent rates of recent years were a bonus, those days will come again as these things tend to go full circle.

[suzanne2207]

Thanks so much for all your answers, think I will buy today as I read on martins money tips that it's best to use some debit cards, but mine is one to avoid - Royal Bank of Scotland