And getting worse every day? I have been watching rates for the last few weeks with a view to buying 15000 Czech Crowns to visit Prague in 2 weeks time. When I first looked 15000 Czech Crowns would have cost me approx £501, now it's approx £515. Should I buy today before they get any higher or is it possible prices will move back in my favour before I go? Thanks.
Why is the exchange rate for GBP = Czech Crowns so poor?
Because the Czech crown has been consistently rising over the last 2 years. If pound has been falling at the same time, it will generate a big jump. Currency markets are one of the most volatile markets out there and to predict what they will do is pretty much impossible because it depends on too many factors. Your guess is as good as anyone's.
Reply:Because the value of the pound is falling, and will continue to do so, buy them now and save a few pounds.
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