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@hellomiles
I went in September and the exchange rate was about 1.65, but as pistanator said it will only go lower. If you're looking for a budget place to stay you should stay in the Central Park Hostel. I stayed there when I went and it was really good. Its in Harlem but don't let that fool you. It's actually a really nice place! The hostel is pretty cheap and it's really clean, got a pool table and internet and cable and stuff as well. I didnt take a bike with me but I saw they'd let someone chain their bike up in the hostel so its pretty safe. All the way up on W103rd street but thats just a good excuse to cycle through Central Park to get downtown...