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Change your money now...

Change your money now...

Old Aug 17th 2007, 4:16 am
  #1  
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Default Change your money now...

The exchange rate is pretty good right now...
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Old Aug 17th 2007, 6:25 am
  #2  
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Default Re: Change your money now...

Originally Posted by DunRoaminTheUK
The exchange rate is pretty good right now...
indeed compared to a few weeks ago but all the signs are that its going to get even better if you are moving money from the UK.
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Old Aug 17th 2007, 6:34 am
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Default Re: Change your money now...

Originally Posted by jce
indeed compared to a few weeks ago but all the signs are that its going to get even better if you are moving money from the UK.
In the immortal words of Frankie Four-Fingers...."So vot do you know?"

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Old Aug 17th 2007, 6:50 am
  #4  
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Default Re: Change your money now...

Originally Posted by DunRoaminTheUK
In the immortal words of Frankie Four-Fingers...."So vot do you know?"
just been reading quite a few news sites and taking a guess based on experience

The US closed last night just down (but there was a massive slide in the afternoon) - at closing the exchange rate was about 2.49.

Asia is now closing and the rate is getter better 2.53

The UK opens soon and all the analyists are predicting that to fall as well

It seems that the US subprime problem isnt fully in the open yet and most markets are linked. RAMS here announced that they will be hit and they sell on most of their debt to the "high street" institutions so i expect that in the next few days more problems will be announced.

The big problem is the US - and its credit driven growth which is now slowing - Walmart announced yesterday sales will be down "as americans dont have any more money to spend" and as the line goes - when america sneezes the rest of the world catches a cold.

But hey i could be wrong?
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Old Aug 17th 2007, 6:58 am
  #5  
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Default Re: Change your money now...

Originally Posted by jce
just been reading quite a few news sites and taking a guess based on experience

The US closed last night just down (but there was a massive slide in the afternoon) - at closing the exchange rate was about 2.49.

Asia is now closing and the rate is getter better 2.53

The UK opens soon and all the analyists are predicting that to fall as well

It seems that the US subprime problem isnt fully in the open yet and most markets are linked. RAMS here announced that they will be hit and they sell on most of their debt to the "high street" institutions so i expect that in the next few days more problems will be announced.

The big problem is the US - and its credit driven growth which is now slowing - Walmart announced yesterday sales will be down "as americans dont have any more money to spend" and as the line goes - when america sneezes the rest of the world catches a cold.

But hey i could be wrong?
Over 2.54 now...
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Old Aug 17th 2007, 7:24 am
  #6  
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Default Re: Change your money now...

2.550463
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Old Aug 17th 2007, 9:16 am
  #7  
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Default Re: Change your money now...

Originally Posted by bcworld
2.550463
Dont dither ! cash in ! if you can

Kerching
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Old Aug 17th 2007, 9:20 am
  #8  
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Default Re: Change your money now...

Originally Posted by mindblower
Dont dither ! cash in ! if you can

Kerching
i still think theres more in it yet although the Aussie govt/bank is starting to intervene as the $ is falling against all currencies
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