aspdaddy - 4:54 pm on Dec 29, 2008 (gmt 0)

You should be able to hedge bets a little bit with some foreign exchange futures.

While this is true, it is neither easy nor practical to do unless you are moving a pretty good chunk of cash around. Doing it for a few thousand dollars may not be worth it once you pay the fees and such.

Can someone explain this please?

The pound is low at 1.46 dollar from 1.97 and I am buying in dollars 2-3 times a week and settling 60 days later but the rate is at the time of transaction.

Can you explain how this works and what the fees would likely be for 10K or 25K dollars ?