in need of some reassurance!!!!
Aug 18th 2007, 8:24 am
#1
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in need of some reassurance!!!!
I have exchanged all our house money yesterday at a rate of 2.46. I am now wondering if I have done the right thing. I know it is too late now but do you think this was a good exchange rate. I feel like I have rushed in a bit now. Does anyone think I could have got a better deal - I went with Hifx.
Aug 18th 2007, 8:31 am
#2
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Re: in need of some reassurance!!!!
Think u will be ok mate, my house is up for sale at present and my figure has always been 2.5..if i had me cash id cash the lot in!! uve made your move stick by it,its the best rate for ages,and it aint going much further!.. i checked yesterday and it was 2.52? or is that for the millionaires
Aug 18th 2007, 8:34 am
#3
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Re: in need of some reassurance!!!!
It was showing 2.51 on the internet when I agreed 2.46. I was hoping for 2.5. I would have been alot happier with that. But it is done now - nothing I can do.
Aug 18th 2007, 8:37 am
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Re: in need of some reassurance!!!!
Aug 18th 2007, 8:38 am
#5
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Re: in need of some reassurance!!!!
I think you were wise.
When the rate shot up this last few days it did get as high as 2.56, but this was a blip and it seems to be hovering around a high of 2.49-2.51, so your rate wasn't far off that.
I just bought a forward contract yesterday for 2.5025 and I don't even have the money yet
I scraped the deposit together with credit card borrowing and overdraft
thats how confident i am that it was a good rate.
Put it this way, just feel sorry for those poor buggers that exchanged a month or two back at 2.25
Just in case is does rise a bit more, I wouldn't torture yourself by keeping checking the rate, be happy you have got a decent rate.
Cheers,
Olias
When the rate shot up this last few days it did get as high as 2.56, but this was a blip and it seems to be hovering around a high of 2.49-2.51, so your rate wasn't far off that.
I just bought a forward contract yesterday for 2.5025 and I don't even have the money yet
I scraped the deposit together with credit card borrowing and overdraft thats how confident i am that it was a good rate.Put it this way, just feel sorry for those poor buggers that exchanged a month or two back at 2.25
Just in case is does rise a bit more, I wouldn't torture yourself by keeping checking the rate, be happy you have got a decent rate.
Cheers,
Olias
Aug 18th 2007, 8:41 am
#6
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Re: in need of some reassurance!!!!
Thanks - your right. I'll have to stop looking now.
Aug 18th 2007, 8:45 am
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Aug 18th 2007, 9:09 am
#8
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Re: in need of some reassurance!!!!
Hello
The trick is to stop looking!!! Easier said than done as we were in the same situation but like somebody said before - what's done is done!! And just think - it could have been the other way around and you could have exchanged at a much lower rate!
One thing I know for sure - I couldn't be someone who works in that field and who has to choose every day of their working lives when to place a deal!!!
Tracy
The trick is to stop looking!!! Easier said than done as we were in the same situation but like somebody said before - what's done is done!! And just think - it could have been the other way around and you could have exchanged at a much lower rate!
One thing I know for sure - I couldn't be someone who works in that field and who has to choose every day of their working lives when to place a deal!!!
Tracy
