R - Euro exchange rate advice

[Roboren]

I'm planning to go to Italy in Aug/Sep. Maybe I should have converter Rands to Euros when it was at R9.30 the other day...but what would your advice be now?...Convert at current rate or wait a bit? Thanks

[Copper]

hey robo.. going to beijing in september and lucky to buy euro at 960's including agent fees. waiting for another dip:) hopefully thy dont shelve the euro :) its jus poor fiscal discipline and not the currency to blame for eurozone woes

[Wizard]

You can't buy foreign currency unless it's 2 months prior to your travel. I'm also going to Europe that time :) Down there at 930 on the Euro there is quite a big support. Will probably get there in a month time....maybe less. Something to note: It's Simon's little secret applies here....follow the trend. Since OCT 08' Eur has been weakening ;) ....that to say...if a base is not formed at 930 then in July u might get it at 900!! With the extra bucks...come and visit me in Barcelona and we can watch Bullfighting together! :)

[EkisDoep]

Roboren, you can buy or sell EUROZAR currency futures now and cash them in later, whenever it is best in your favour. But although the EURO is weakening against the U$ and some other currencies, it does not move much against the ZAR.

[SimonPB]

we've had almost 10% moves on the Rand/Euro in the last week ..

[EkisDoep]

My apologies. Perhaps he can then buy some EUROZAR futures now. I see this morning's recommendation from OST says that the ZAR could strengthen against the EURO in the med term..

[warhippo]

The amount of money you are going to spend on a holiday does not really warrant the exchange rate worry. You win some or you loose some. Take whatever cash you need and your credit card and have fun!