Have two holidays booked this year on redemptions - four days in Barbados in May and a two week fly-drive around the West Coast USA in July / August.

Have done both before, and really enjoyed them, but at the time the exchange rate was 1.9 or 2.0 dollars to the pound. I've been tracking it getting lower and lower, and worrying about at what point I will deam the trips no longer financially possible. 'Free' flights or not, the cost of hotels, meals and hire cars / fuel etc is seriously mounting now its hit 1.38.

It would be a shame to cancel Barbados, as I did it on a 241 which expires in May, so it couldn't be used later in the year.... And the US flights were booked through the special 50% saving...

Am considering cancelling Barbados - which was really only a special treat - and isn't 'necessary', but I do really want a nice 2 week break somwhere in August.

So my questions are:

• Is anyone else thinking along similar lines? And if so - what is your cut-off point in the exchange rate when you would cancel hols across the pond?
  
• Is it worth me using the spare miles in the bank to make a new holiday booking to somewhere where the exchange rate isn't suffering so bad - Far East? Any other good long haul places? That means I would forgo the 241 (as I would want my main hol in July or Aug) and 50 per cent offers, but at least I would have a booking I could use (whilst there is still availability) if the exchange rate doesn't recover. If it does recover, I just cancel the latest booking and head West as planned...

Advice much appreciated...@:-)

And damn these financial instiutions potentially wrecking two amazing holidays I have been looking forward to for MONTHS!