I'm slightly bitter that the GBP has fallen to its nine month low to the dollar this week, price at 1.52 to one dollar. When I initially moved to the UK I had wired the majority of my money at 1.68... a significant difference in rate compared to now. Many factors account for the fall, including the speculation of Greece defaulting on its loans, weakening Euro, poor recovery plans and growth, UK budget deficient, threat of inflation, and prospect of a hung Parliament come June elections.
For sophomores who are considering study abroad in Europe next year, now is the best period to exchange money. For those who desire to vacation in Europe, this summer is also the ideal time to plan a Euro-trip, especially an extensive trip to Greece as everything will be a lot more affordable.
More information about currency woes: http://news.bbc.co.uk/1/hi/business/8538792.stm
Serena
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