USD for holiday :-S

[Technically Fundamental]

I'm going to Jamaica at the end of October and I was thinking of whacking some of my holiday spends through the bureau de robbery to buy dollars (or possibly banging a short in) in case cable drops to nightmare levels again.

Any ideas?

 

[GladiatorX]

Use Interactive Brokers to exchange currencies - Its just like trading... 1 or 2 pip spreads and your money is exchanged Rather than a 400 pip spread @ the post office (both sides! So effectively 800 lol )

If you plan on buying dollars, in case the GBP/USD falls... Then just short GBP/USD through a retail forex.

 

[Technically Fundamental]

Just scared in case it drops and then comes back to hover around the 165-170 and I lose guineas for nothing lol.

Suppose I'll just keep an eye and take the chance eh.

 

[TheGoose]

Just deleted this and reposted it as I used an old account before.


Aaron,

Let's say you spend a grand on holiday:

£1000 @ 1.65 = $1650

£1000 @ 1.70 = $1700

It really isn't worth bothering about. Are you really going to sell cable at £0.06 a pip just to hedge your holiday spending money?

Book online through Travelex or get yourself a current account that doesn't charge for cash withdrawals.

Goose

 

[Technically Fundamental]

I dont get charged for withdrawals. I'm just worried that cable will drop.

 

[TheGoose]

I dont get charged for withdrawals. I'm just worried that cable will drop.

Not getting charged for withdrawals is a good start. That's probably save you a few % straightaway

I don't see what the problem is, yeah if cable drops to 1.60 it's annoying but it's only cost you $60 if you spend a grand. Obviously depends on how much you are going to spend.

I went to America when it was $1.40 and it didn't change my mentality - still like drinking and eating. Then again I was using my dollar account

Seriously, forget about it, just don't get raped when you do get the currency and never cash it back at a Bureau De Change.

 

[Technically Fundamental]

I'm taking about 1500 all in all and $150 would pay for an excursion. are you forgetting that I'm an accountant? Acc'y = tight *******s.

 

[shatztrader]

dont be too practical you ll ruin your holiday

 

[TheGoose]

well change it now and stop worrying

 

[Technically Fundamental]

I'll change half of it at 167ish

 

[Rossini]

This thread is ridiculous, its out of your control mate just forget about it.

 

[Technically Fundamental]

Tw@

 

[TheGoose]

i repeat:
Change it now and stop worrying!

 

[Technically Fundamental]

Lol I'm going to.

 

[megamuel]

On the subject of holiday money, does anyone know the cheapest way to get Turkish Lira?

 

[Technically Fundamental]

brothel

 

[megamuel]

I knew I could rely on you for a prompt and informative reply...

 

[Technically Fundamental]

You already booked?

 

[megamuel]

Its my brother going. I wouldn't go there. There are probably about 190 countries I'd prefer to visit.

 

[Technically Fundamental]

I know someone. Decent guy who sells and rents out real nice properties over there. Might be worth giving him a buzz depending on what kind of holiday he's after.
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