Hi,

We plan to go away to Spain in the next 5 weeks and with the Euro being about 1.23 at the moment I was looking at alternatives to get the most for our money. With the dollar being so weak against the pound would it make sense to exchange sterling into dollars and then use dollars to change into Euro's or would this be a complete waste of time?

On the subject of the dollar, as it is so weak at the moment would it be worth investing a few hundred pounds and when it recovers (which surely it will) cashing it in for a nice profit?

Many thanks,

Bamberini

The nice profit will be for the people who change the money. You will do well if you can change a few hundred pounds from one currency to another without losing more than 5%. The more times you change, the more you lose.

Thanks for the advice, I will swallow the bitter pill and just have to live with the poor exchange rate then. Best I have found is just short of 1.25 euros to the pound so if I hang on and get anywhere near 1.3 I will snap their hand off!

Thanks again

Get your euros NOW!!!

the rate will drop further i promise you.

1.225 highest i found today!

tomorrow will be lower.