Booking a hotel...pay in $ or £/€

Discussion in 'Community Discussion' started by yg17, Jul 28, 2008.

  1. yg17 macrumors G5

    yg17

    Joined:
    Aug 1, 2004
    Location:
    St. Louis, MO
    #1
    So I'm in the early stages of planning a trip to London and Berlin next year, and I was wondering what the best way to pay for a hotel room is now.

    I can book it on a site like Expedia and pay when I book in US Dollars, that way, if the dollar tanks even further by the time I take my trip, no problem. Someone's probably getting screwed by the exchange rate, but it's not me. Or, I can do it the more traditional way and pay in Pounds and Euros when I check out, but if the dollar officially reaches the bottom of the toilet, I'm going to be screwed. Of course, if the dollar makes a comeback, if I book through Expedia, I lose, and if I pay in GPB/EUR, I come out ahead.

    So, if you were in my position, which route would you take? Going the Expedia route guarantees that I won't have any nice surprises by the time I travel, but I could also be out some money if the dollar increases in value. It's really just a gamble....so what's your advice? Thanks
     
  2. Gray-Wolf macrumors 68030

    Gray-Wolf

    Joined:
    Apr 19, 2008
    Location:
    Pandora, Home Tree
    #2
    Personal opinion, as that England is the country your visiting, pay on line in $$ but in person in pounds. Not sure how into Euros England is.
     
  3. yg17 thread starter macrumors G5

    yg17

    Joined:
    Aug 1, 2004
    Location:
    St. Louis, MO
    #3
    The Euros are for Germany ;)
     
  4. mpw Guest

    Joined:
    Jun 18, 2004
    #4
    If paying in £/€ you're gonna need to buy them at some point anyway, so it's a case of when to pay rather than in which currency isn't it?
     
  5. yg17 thread starter macrumors G5

    yg17

    Joined:
    Aug 1, 2004
    Location:
    St. Louis, MO
    #5
    Not necessarily.

    Say a hotel would cost me £200. If I book it through Expedia right now, I would pay Expedia approx. $400, which is the current exchange rate. The room would be booked and paid for, so if the dollar tanks, it's not my problem. If I do it the more traditional route and pay when I check out of the hotel, I would pay them £200, but if the dollar's doing even worse then, it might end up costing me $500.
     
  6. KingYaba macrumors 68040

    KingYaba

    Joined:
    Aug 7, 2005
    Location:
    Up the irons
    #6
    Book it now through Expedia. But it's sort of funny. Part of the problem with the dollar is supply. Too much supply and here you are pumping more $ into foreign markets. :)
     
  7. l4t13 macrumors regular

    Joined:
    Oct 15, 2006
    #7
    I think the dollar has delayed its run down for a while. The euro has been under bearish pressure due to weak data in Eurozone. I also think the fed raises rates before year end giving the dollar some minor bullish strength. I think most technicals point to a minor dollar rebound or at least a dollar stabilization. I am a commodities trader though, not forex; therefore, take my post as just rambling. I guess you can't go wrong either was. I don't think any move, bullish or bearish, will greatly increase or decrease the price you pay. I just don't see the dollar moving that far up or down, at least until this mess is straightened out in housing.
     

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