exchange rates

[adswift]

we are going to berlin just before christmas. as a result of the economic downturn the pound is increasingly weaker against the euro...don't want to spend an absolute fortune whilst in germany, should we change money sooner rather than later? or wait and hope the pound rallies? yesterday pound = 1.16 euros, today pound = 1.18 euros.... should we take a chance and hope for a slight recovery????

[redcrx]

if any of us knew the answer to that we'd be rich.

You take the chance, thats all you can do.

[jno]

you could try changing not too much at a time, and getting a Natwest commission-free card to use. But as to which way the exchange rate will go... my crystal ball has come over all foggy... <it's that redcrx, she's been breathing on it>

[dzug]

Nationwide, jno, not natwest.

To answer the original question - yes, no, maybe. Take your pick. There isn't an answer

[stevenc]

Since you are not a trader on the foreign excange you may well want to check out with the local banks regarding the exchange rates.They should be able to help you a lot.That way you will be able to minimise an loss on exchange.