The Pound...?
 

Hello,
Looking into currency exchange, the money is constantly changing in foreign countries. I am going to Scotland and when I first started looking at the pound it was 60 pence to each American dollar, now it's almost 63 pence. I am curious if anyone knows how high the pound gets to the American dollar, like a certain time of year perhaps? Or does it constantly stay around 60 pence? I am very irritated b/c I made a hotel reservation when the pound was at 0.60 and I see if I had made the reservation now I could've saved over $20. Thanks for the help!

Devon

Exchange rates fluctuate; it depends (mostly) on balance of trade. Even Alan Greenspan could not predict what season the pound sterling rate will be most favorable to the US dollar. If you had made reservations last month in euros you would really be kicking yourself today. If you can figure out what is the best time of year to buy in foreign currencies you can also win lotteries, horse races, and time when to pull the lever on slot machines.

Did you prepay for your hotel stay? Because if not, it doesn't much matter what the exchange rate was when you booked, nor what it is today. What will be relevant is what the rate is on the day your credit card is charged (or the day you get local currency to pay in cash.) Which as stated above, is anybody's guess.

Ultimately, $20 shouldn't make or break your vacation though, so try not to obsess about it.

The last few years the rate has varied between $1.40 and $1.65 to the Pound. . today it was $1.60 . . (or .625 p to the $ )

When I lived in London the first time it was $2.60 . . later, on one visit I bought for $1.05

If you pay in Pounds, you get the rate on the day you charge the card.

Enjoy . . Rich

Why don't you find it out yourself for any period of interest?
goto

http://pacific.commerce.ubc.ca/xr/plot.html

Enter time span of interest, 1/1/1993 to 7/15/2003, for example,
Enter base currency=US dollar, target currenty=british pound, then click PLOT.

Hi This,

Have you already paid for your hotel in dollars? If not, you will pay in pounds and be charged whatever the rate is on the day your charge is posted.