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Buy Dollars now or in May?

This is a discussion on Buy Dollars now or in May? within the Economy forums, part of the Topical Discussion category on Politics.ie. Can someone advise me? My niece is going to the US in May and wonders if she should start buying ...

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Old 17th January 2008
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Default Buy Dollars now or in May?

Can someone advise me? My niece is going to the US in May and wonders if she should start buying now or leave it until May.
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Old 17th January 2008
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Ask Ahern
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Old 17th January 2008
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Clareman don't be worried about a few pence. Ye're business is always packed so pay that speedy Pakistani chef less and give it to your niece.
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Old 17th January 2008
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If you could accurately predict currency movements you would be selling your services in the City of London, not posting here.

I would say wait til May. You can't predict currency movements. Euros will earn interest in your account between now and then. Dollars in cash stuffed under your mattress won't.
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Old 18th January 2008
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Hedge your bets. Spend half what you were planning on spending on dollars now and the other half in May.

Best of both worlds!
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Old 18th January 2008
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Buy sterling now and convert it to dollars in May.

(Actually I have no idea if this is a good idea)
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Old 18th January 2008
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Quote:
Originally Posted by DeGaulle
Buy sterling now and convert it to dollars in May.

(Actually I have no idea if this is a good idea)
UUgh, I was dealing with a transaction involving Swiss Franc, Dollar and Euro during the week, had my head wrecked!
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Old 18th January 2008
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Me and the family are also going to NY in May. I can't figure out what to do so I'm leaving it up to the Gods. I'll by some dollars the week before we go and keep the head down. Life is complicated enough already.
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Old 18th January 2008
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May.
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Old 18th January 2008
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Quote:
Originally Posted by Conor
May.
May What Conor.
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