I will have to pay a tuition fee of 6000 British Pound by the end of August and I own Euros. How can I decide if I should convert my currency now or if I should wait a few months. I have absolutely no clue in this area.
I am not asking for a binary answer a la "do it now" vs. "wait until fall", although that is appreciated. Rather I would like to know on what rationale such a decision should be based. When you were in my position, what information would tell you how the euro/gbp will likely perform?
I am aware that only educated guesses are possible. However I don't even know what I should read to educate myself about this.