Buy dollars and wait until the exchange rate is better?

The dollar is weak ( 2.09 ) against the GBP at the moment, would it not be a good investment to buy dollars and wait until the exchange rate returns to a healthy figure then cash them in?

Yes, banks make huge sums of money.

You need to hope that the rate goes the way you hope, and that the amount you make covers the fess charged for exchange.

Dollar is looking weaker and weaker so you may have to wait a long time beofre it comes good again, and you may have made more money in a high interest accuont in the years you need to wait.

Don't forget that the published rate is not the one the Bureau de change give....so check that out...may be better to just put the money in a high interest account....or better still go on holiday...buy something in America where it will be even cheaper....and thus get a cheaper holiday.

that would be a good idea depending on where you are from and how long you could wait. if you could only wait for a month before having to sell them, and you live in the Philippines then that would be a very bad idea. If you are in UK and you could gamble up to at least six months or so on your dough, then go ahead...

I dont think so. U.S.A. is in its decline, in many more areas than just financially. Look for a better investment than currency.

Form what i hear its going to get lower still. Plus unless you can hold on too it far a long time there wouldnt be much of a return for ages yet

rumour has it it may reach 拢2.50 so wait, it could also take a long time to recover so your investment may not benifit you for a long long time, best bet, import American goods and sell them here {Harley Davidsons} cost the same in Dollars as we sell them in pounds.

yes next november will skyrocket i think

no because the nature of money is to devalue over time as a result of inflation so even if you were to buy dollars today & hold onto them they would still be worth less in future terms!
The only store of value that retains its value is gold! so invest in gold instead

You'll be waiting a long time, my friend - the dollar is not gonna see the other side of 2 to the pound for a heck ofa long time yet (if ever again).....
PS - have just looked at the exchange rate and if you;d bought at 2.09, you;ve just lost 1.5 cents for every pounds worth you bought... 2.105 currently....