Buying the Euro now for hols in August

[andygo]

Title says it all really. With the Euro at a 12 year low, is it a good plan to buy £1500 worth of funny money for my hols in August or leave it a bit? Is it going to go down significantly more (I doubt it) or shoot back up?

Clever people, feel free to respond.

[andygo]

Yep, see its a nice rising trend, on a personal basis I'd quite like to buy the Euro at 50p but can't see it happening in the short term..

Do I hedge my bets now or cry or laugh in a few months? Hmm, I guess people get paid a lot of money to gamble on this!

[andygo]

Might as well have more Euros for your £ as not though!

[andygo]

Bluebarge said:

Nobody knows where the Euro will be in August. You usually get a crap exchange rate for bundles of cash so you might just as well take a few hundred euro for the first couple of days and take the rest out through an ATM. If you take 1500 out now and lose it before or early on in your holiday, your cunning exchange rate strategy will not look so clever.

Yep, I realise that, otherwise everyone would be making a fortune on currency trading. I've just done an online transfer in € and was quite surprised with the reasonable rate I got from Barclays, just over 1.30.

A lot of my cunning strategies end up looking not so clever. I can never understand why. Perhapps I'm not very cunning.

[andygo]

I'm driving down to the Dordogne for a week and then on to Morzine for another week with family. Probably won't bother with airport parking..😄

Thanks for all your interest folks though, been entertaining and kind, lol.

[andygo]

Welshbeef said:

Catch a flight instead much quicker more time on the slope too v winter driving.

I'm going in August. Taking our mountain bikes in the back as we enjoy a bit of a ride round as well. Amazing what you can get in the back of a GTi. Take them to bits and they both fit in pretty well, all below the parcel shelf level. Do have to fold the back seats down though.