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Forum: Canada

Jul 18th 2007, 4:24 pm

Replies: 2,672

Exchange rate

Views: 291,947

Posted By Ben W Bell

Re: Exchange rate

I reckon you'll probably get around 2.18-2.2 if it's that high.

Forum: Canada

Jul 18th 2007, 12:42 pm

Replies: 2,672

Exchange rate

Views: 291,947

Posted By Ben W Bell

Re: Exchange rate

Bought £25,000 on forward purchase this morning at $2.116. Thought I
d better just buy some in case it goes down too far.

Forum: Canada

May 8th 2007, 1:44 pm

Replies: 2,672

Exchange rate

Views: 291,947

Posted By Ben W Bell

Re: Exchange rate

I know I'm waiting until the BoE raises the rates before buying any currency.

Forum: Canada

Apr 18th 2007, 7:51 pm

Replies: 2,672

Exchange rate

Views: 291,947

Posted By Ben W Bell

Re: Exchange rate

You tend to do forward contracts based on the rate the broker is offering that day. So it gets nice and high, you call them and say you want $50,000 at today's rate, you'll pay 10% now and the rest...

Forum: Canada

Apr 18th 2007, 10:21 am

Replies: 2,672

Exchange rate

Views: 291,947

Posted By Ben W Bell

Re: Exchange rate

Well the BoE has decided to freeze interest rates again this month, against all expectations. I suspect it may have something to do with the slumping US dollar.

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