Go Back   British Expats / Living & Moving Abroad / Canada

Reply
 
Thread Tools
Old Dec 1st 2017, 7:39 pm   #16
JamesM Male
Dive Bar Drunk
 
JamesM's Avatar
 
Joined: Nov 2006
Location: Toronto
Posts: 7,420
JamesM has a reputation beyond reputeJamesM has a reputation beyond reputeJamesM has a reputation beyond reputeJamesM has a reputation beyond reputeJamesM has a reputation beyond reputeJamesM has a reputation beyond reputeJamesM has a reputation beyond reputeJamesM has a reputation beyond reputeJamesM has a reputation beyond reputeJamesM has a reputation beyond reputeJamesM has a reputation beyond repute
Default Re: Exchange Rate

Quote:
Originally Posted by glendem4 View Post
GBPCAD hovering close to $1.70 this morning.

Let's hope the UK government starts Trade talks with the EU in December and the exchange rate can pop up to $1.75

Last 5 years GBPCAD
Highest: 2.0978
Lowest: 1.5237
Difference: 0.5741
Average: 1.7682
Don't see it going much above the average unless the Brexit decision is reversed.

Interest rates are also rising in Canada as well as oil getting back towards $60. In my 8 years in Canada I've never seen the economy here as strong.

Britain is no longer a hot bed for money and investment. Dublin and Frankfurt are the big winners of that.
JamesM is offline   Reply With Quote
Old Dec 7th 2017, 7:08 pm   #17
Forum Regular
 
Joined: Mar 2017
Location: Kamloops BC
Posts: 126
Cheltonian is an unknown quantity at this point
Default Re: Exchange Rate

Quick exchange rate Question. When i deposit a Pound Sterling cheque to my Canadian bank account there is a 25 day with holding period to let the cheque clear, do i get the exchange rate at day of deposit or day the cheque clears?
Cheltonian is offline   Reply With Quote
Old Dec 7th 2017, 7:42 pm   #18
Hamster Killer
Premium Member
 
BristolUK's Avatar
 
Joined: Jan 2008
Location: Moncton, NB, CANADA
Posts: 21,203
BristolUK has a reputation beyond reputeBristolUK has a reputation beyond reputeBristolUK has a reputation beyond reputeBristolUK has a reputation beyond reputeBristolUK has a reputation beyond reputeBristolUK has a reputation beyond reputeBristolUK has a reputation beyond reputeBristolUK has a reputation beyond reputeBristolUK has a reputation beyond reputeBristolUK has a reputation beyond reputeBristolUK has a reputation beyond repute
Default Re: Exchange Rate

What just happened?

I was due to transfer some ££ to $$ this week and had been keeping my eye on the rate. $1.69 was cosistently coming up, only changing by the third decimal place.

I did the transfer yesterday and it arrived today. I see the rate is now $1.73.

It wasn't a big transfer so only a $14 'loss' but what happened that changed it by 4c from yesterday?
BristolUK is offline   Reply With Quote
Old Dec 7th 2017, 9:13 pm   #19
dave_j Male
Listen to the Music
 
dave_j's Avatar
 
Joined: Mar 2013
Location: Fraser Valley BC
Posts: 1,270
dave_j has a reputation beyond reputedave_j has a reputation beyond reputedave_j has a reputation beyond reputedave_j has a reputation beyond reputedave_j has a reputation beyond reputedave_j has a reputation beyond reputedave_j has a reputation beyond reputedave_j has a reputation beyond reputedave_j has a reputation beyond reputedave_j has a reputation beyond reputedave_j has a reputation beyond repute
Default Re: Exchange Rate

Quote:
Originally Posted by BristolUK View Post
What just happened?

I was due to transfer some ££ to $$ this week and had been keeping my eye on the rate. $1.69 was cosistently coming up, only changing by the third decimal place.
I did the transfer yesterday and it arrived today. I see the rate is now $1.73.
It wasn't a big transfer so only a $14 'loss' but what happened that changed it by 4c from yesterday?
The irish, north and south, have both thrown a small bomb into the brexit negotiations. Today, the southern irish, to whom the EU have given a veto on the progression to trade talks, were reported to have come very close to an agreement about the irish border with the UK and this 'good' news directly caused the uptick in the sterling exchange rate.
dave_j is offline   Reply With Quote
Old Dec 7th 2017, 9:28 pm   #20
Hamster Killer
Premium Member
 
BristolUK's Avatar
 
Joined: Jan 2008
Location: Moncton, NB, CANADA
Posts: 21,203
BristolUK has a reputation beyond reputeBristolUK has a reputation beyond reputeBristolUK has a reputation beyond reputeBristolUK has a reputation beyond reputeBristolUK has a reputation beyond reputeBristolUK has a reputation beyond reputeBristolUK has a reputation beyond reputeBristolUK has a reputation beyond reputeBristolUK has a reputation beyond reputeBristolUK has a reputation beyond reputeBristolUK has a reputation beyond repute
Default Re: Exchange Rate

Quote:
Originally Posted by dave_j View Post
The irish, north and south, have both thrown a small bomb into the brexit negotiations. Today, the southern irish, to whom the EU have given a veto on the progression to trade talks, were reported to have come very close to an agreement about the irish border with the UK and this 'good' news directly caused the uptick in the sterling exchange rate.
Well, I'm no expert but I think that would affect today/tomorrow rather than yesterday/today.
BristolUK is offline   Reply With Quote
Old Dec 7th 2017, 9:39 pm   #21
Forum Regular
 
Joined: Dec 2016
Location: Bournemouth
Posts: 137
glendem4 has a reputation beyond reputeglendem4 has a reputation beyond reputeglendem4 has a reputation beyond reputeglendem4 has a reputation beyond reputeglendem4 has a reputation beyond reputeglendem4 has a reputation beyond reputeglendem4 has a reputation beyond reputeglendem4 has a reputation beyond reputeglendem4 has a reputation beyond reputeglendem4 has a reputation beyond reputeglendem4 has a reputation beyond repute
Default Re: Exchange Rate

Quote:
Originally Posted by BristolUK View Post
Well, I'm no expert but I think that would affect today/tomorrow rather than yesterday/today.
The move yesterday can be explained by the Bank of Canada actions.

The Canadian Dollar weakened Wednesday after the Bank of Canada kept its overnight policy rate on hold and left markets guessing as to when another interest rate rise might be forthcoming.

https://www.poundsterlinglive.com/ca...ta-uncertainty

The move today can be explained by
https://www.poundsterlinglive.com/gb...t-breakthrough
glendem4 is offline   Reply With Quote
Old Dec 7th 2017, 9:43 pm   #22
dave_j Male
Listen to the Music
 
dave_j's Avatar
 
Joined: Mar 2013
Location: Fraser Valley BC
Posts: 1,270
dave_j has a reputation beyond reputedave_j has a reputation beyond reputedave_j has a reputation beyond reputedave_j has a reputation beyond reputedave_j has a reputation beyond reputedave_j has a reputation beyond reputedave_j has a reputation beyond reputedave_j has a reputation beyond reputedave_j has a reputation beyond reputedave_j has a reputation beyond reputedave_j has a reputation beyond repute
Default Re: Exchange Rate

Quote:
Originally Posted by BristolUK View Post
Well, I'm no expert but I think that would affect today/tomorrow rather than yesterday/today.
The rise started within minutes of the report of very close to reaching agreement. Was about 1.715 when rise initiated about 6-7 hours ago, currently 1.731.
dave_j is offline   Reply With Quote
Old Dec 7th 2017, 10:57 pm   #23
Hamster Killer
Premium Member
 
BristolUK's Avatar
 
Joined: Jan 2008
Location: Moncton, NB, CANADA
Posts: 21,203
BristolUK has a reputation beyond reputeBristolUK has a reputation beyond reputeBristolUK has a reputation beyond reputeBristolUK has a reputation beyond reputeBristolUK has a reputation beyond reputeBristolUK has a reputation beyond reputeBristolUK has a reputation beyond reputeBristolUK has a reputation beyond reputeBristolUK has a reputation beyond reputeBristolUK has a reputation beyond reputeBristolUK has a reputation beyond repute
Default Re: Exchange Rate

Quote:
Originally Posted by glendem4 View Post
The move yesterday can be explained by the Bank of Canada actions....
The move today can be explained by...
A bit of both then.

Quote:
Originally Posted by dave_j View Post
The rise started within minutes of the report of very close to reaching agreement. Was about 1.715 when rise initiated about 6-7 hours ago, currently 1.731.


Is this you?

BristolUK is offline   Reply With Quote
Old Dec 8th 2017, 12:58 am   #24
Davita Male
BE Forum Addict
 
Joined: Mar 2011
Posts: 1,228
Davita has a reputation beyond reputeDavita has a reputation beyond reputeDavita has a reputation beyond reputeDavita has a reputation beyond reputeDavita has a reputation beyond reputeDavita has a reputation beyond reputeDavita has a reputation beyond reputeDavita has a reputation beyond reputeDavita has a reputation beyond reputeDavita has a reputation beyond reputeDavita has a reputation beyond repute
Default Re: Exchange Rate

This is another reason I downloaded TransferWise.
They emailed me yesterday as the GBP/CDN$ had reached a threshold that I inputted to consider to transfer/exchange.
Davita is offline   Reply With Quote
Old Dec 22nd 2017, 2:08 pm   #25
Forum Regular
 
Joined: Dec 2016
Location: Bournemouth
Posts: 137
glendem4 has a reputation beyond reputeglendem4 has a reputation beyond reputeglendem4 has a reputation beyond reputeglendem4 has a reputation beyond reputeglendem4 has a reputation beyond reputeglendem4 has a reputation beyond reputeglendem4 has a reputation beyond reputeglendem4 has a reputation beyond reputeglendem4 has a reputation beyond reputeglendem4 has a reputation beyond reputeglendem4 has a reputation beyond repute
Default Re: Exchange Rate

The Canadian Dollar has sold off after worse-than-expected growth data in October poured cold water on rising optimism.

The Canadian Dollar has fallen steeply after the release of Canadian GDP showed a lower-than-expected growth rate in October.
Canada's Gross Domestic Product a measure of overall economic growth rose by 0.0% in October according to Statistics Canada.

The result fell below the 0.2% consensus estimate.

The Pound-to-Canadian Dollar shot higher following the result as the Canadian Dollar weakened, moving from a pre-release level of 1.7018 to 1.7105 at the time of writing.

https://www.poundsterlinglive.com/ca...ta-later-today
glendem4 is offline   Reply With Quote
Old Dec 22nd 2017, 2:44 pm   #26
Hamster Killer
Premium Member
 
BristolUK's Avatar
 
Joined: Jan 2008
Location: Moncton, NB, CANADA
Posts: 21,203
BristolUK has a reputation beyond reputeBristolUK has a reputation beyond reputeBristolUK has a reputation beyond reputeBristolUK has a reputation beyond reputeBristolUK has a reputation beyond reputeBristolUK has a reputation beyond reputeBristolUK has a reputation beyond reputeBristolUK has a reputation beyond reputeBristolUK has a reputation beyond reputeBristolUK has a reputation beyond reputeBristolUK has a reputation beyond repute
Default Re: Exchange Rate

Quote:
Originally Posted by glendem4 View Post
...The Canadian Dollar has fallen steeply....The Pound-to-Canadian Dollar shot higher following the result as the Canadian Dollar weakened, moving from a pre-release level of 1.7018 to 1.7105 at the time of writing...
That all sounds rather dramatic for a one cent change.
BristolUK is offline   Reply With Quote
Old Dec 27th 2017, 3:58 pm   #27
Forum Regular
 
Joined: Sep 2014
Posts: 126
BritCanadaNewbie has a reputation beyond reputeBritCanadaNewbie has a reputation beyond reputeBritCanadaNewbie has a reputation beyond reputeBritCanadaNewbie has a reputation beyond reputeBritCanadaNewbie has a reputation beyond reputeBritCanadaNewbie has a reputation beyond reputeBritCanadaNewbie has a reputation beyond reputeBritCanadaNewbie has a reputation beyond reputeBritCanadaNewbie has a reputation beyond reputeBritCanadaNewbie has a reputation beyond reputeBritCanadaNewbie has a reputation beyond repute
Default Re: Exchange Rate

was looking to change CAD to GBP. Is it worth waiting a few weeks until it levels back to 1.6?
BritCanadaNewbie is offline   Reply With Quote
Old Dec 27th 2017, 5:44 pm   #28
Premium Member
 
Aviator's Avatar
 
Joined: Sep 2008
Location: CYXX
Posts: 12,270
Aviator has a reputation beyond reputeAviator has a reputation beyond reputeAviator has a reputation beyond reputeAviator has a reputation beyond reputeAviator has a reputation beyond reputeAviator has a reputation beyond reputeAviator has a reputation beyond reputeAviator has a reputation beyond reputeAviator has a reputation beyond reputeAviator has a reputation beyond reputeAviator has a reputation beyond repute
Default Re: Exchange Rate

Quote:
Originally Posted by BritCanadaNewbie View Post
was looking to change CAD to GBP. Is it worth waiting a few weeks until it levels back to 1.6?
CAD to GBP is 0.59 it may go to 0.60 or so, doubt it'll go to 1.6!

Currency is a waiting game, if there was a way to tell, we would all be very well off. I decide a rate I can accept, wait, make the trade when it happens.
Aviator is offline   Reply With Quote
Old Dec 27th 2017, 6:01 pm   #29
Forum Regular
 
Joined: Sep 2014
Posts: 126
BritCanadaNewbie has a reputation beyond reputeBritCanadaNewbie has a reputation beyond reputeBritCanadaNewbie has a reputation beyond reputeBritCanadaNewbie has a reputation beyond reputeBritCanadaNewbie has a reputation beyond reputeBritCanadaNewbie has a reputation beyond reputeBritCanadaNewbie has a reputation beyond reputeBritCanadaNewbie has a reputation beyond reputeBritCanadaNewbie has a reputation beyond reputeBritCanadaNewbie has a reputation beyond reputeBritCanadaNewbie has a reputation beyond repute
Default Re: Exchange Rate

Quote:
Originally Posted by Aviator View Post
CAD to GBP is 0.59 it may go to 0.60 or so, doubt it'll go to 1.6!

Currency is a waiting game, if there was a way to tell, we would all be very well off. I decide a rate I can accept, wait, make the trade when it happens.
But exchanging right now is not a correct thing to do.. right ? Its the lowest it’s been for years ?
BritCanadaNewbie is offline   Reply With Quote
Old Dec 28th 2017, 3:11 am   #30
Premium Member
 
Aviator's Avatar
 
Joined: Sep 2008
Location: CYXX
Posts: 12,270
Aviator has a reputation beyond reputeAviator has a reputation beyond reputeAviator has a reputation beyond reputeAviator has a reputation beyond reputeAviator has a reputation beyond reputeAviator has a reputation beyond reputeAviator has a reputation beyond reputeAviator has a reputation beyond reputeAviator has a reputation beyond reputeAviator has a reputation beyond reputeAviator has a reputation beyond repute
Default Re: Exchange Rate

Quote:
Originally Posted by BritCanadaNewbie View Post
But exchanging right now is not a correct thing to do.. right ? Its the lowest it’s been for years ?
There is no right and wrong. It is what is good for each individual. I am still buying from the UK and pay bills as needed. Over the year it averages out.
Aviator is offline   Reply With Quote
Reply

Go Back   British Expats / Living & Moving Abroad / Canada


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



All times are GMT. The time now is 2:56 pm.


We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.
Powered by vBulletin: ©2000 - 2018, Jelsoft Enterprises Ltd.
© 1999-2010 BritishExpats.com