Any economists out there? I have booked a hotel in Cyprus for a couple of nights at the beginning of April. I can pay now or when we arrive. Price is in euros and so changes with the exchange rate. Any thoughts?
eek - I just had a look at the current rate & it's only 1.08 - was at 1.10/1.11 a few days ago?
I've heard a few people say it should get back up to c 1.20 by the summer, as the other European economies slide down to match ours, but who really knows? It's going to be a gamble whichever way you jump.