Re: Request regarding TT Currency Exchange
newalaan2 - I wonder how you resolved your currency diiemma, the more so in the light of the latest 2% overnight drop in the value of sterling.
If I've learned anything over the years it's that currency rates will always change one way or the other before I depart on a trip. This year I was lucky. I went to Tokyo in May. In January I thought the Japanese ¥ buying rate was especially favourable at around ¥120 to the US$ and I was paying for the hotel in ¥. So I bought enough at that rate to cover my 4 nights. By the time I departed for Tokyo, the rate was ¥103. So I gained nearly 15%.
Yet 4 years ago for a similar Tokyo trip, I paid for my hotel in advance when the ¥ was around 87, the rate it had been hovering around for more than 2 years. By the time I got there a few months later, it had risen to around 100. So I lost on that transaction. I try to get some indication of likely future rates and act on that, but basically I see it all as swings and roundabouts.
Re: Request regarding TT Currency Exchange
I have already booked and payed for my airfare for next Jan but if the exchange rate drops much more I am thinking of cancelling my trip , even if I loose my fare £550, , better than spending much more on the trip itself
Re: Request regarding TT Currency Exchange
Quote:
Originally Posted by
aot871
I have already booked and payed for my airfare for next Jan but if the exchange rate drops much more I am thinking of cancelling my trip , even if I loose my fare £550, , better than spending much more on the trip itself
Well-you can always at least claim back the unused taxes etc-should/could be in the range of nearly 100 GBP. May take some time and pressure-airlines differ in how eager they are to do it, but they are obliged to. Otherwise more such tips on moneysavingexpert.com. But I DO hope for you you can scrape by enough to come over in that most lovely time of year. ALT/Plan B: shorten stay, the fee for this should be somewhere in the ticketing conditions.
(BTW flying als from EUR in jan-for 60 day-stay, I could use miles and had to pay less as 400 EUR.