Well, I'm worried now. I have a dive trip planned in November and the cost has obviously gone up 16% since November. Not only that, I have a house to do up in the Phils so my buying power is dimishing.
I'm seriously considering borrowing £10K (at 5.5%) and sticking it in a Peso account. If the exchange rate drops another 15 points over 3 months that gives me £1230 profit minus 3 months interest if I change it back to Sterling. In all probability we'll just keep it in an account to pay for the house repairs so it doesn't lose value.
I certainly think I need to pay for my dive trip sooner rather than later.
