Predictions for exchange rate over next three months?
Jun 28th 2008, 9:21 pm
#16
Forum Regular
Joined: May 2008
Posts: 111
Re: Predictions for exchange rate over next three months?
Hi. Just to give you an idea of what the market's currently thinking...forward rates (the rate you could exchange today at a specific time in the future) are pretty much flat at 2.075 -2.085 out to 3 months (even 1 yr fwd is only 2.11).
I'm in same position as you (wishing I'd locked it in last year but wasn't certain of visa), but personally don't see it moving much for a while - so will probably change what I need and leave rest in uk account - as although I think more ikely to go to 1.90 than 2.20 in short term (very happy to be proven wrong), seems more upside potential than downside in the longer term (although I don't have a crystal ball either).
Good luck. Jay
I'm in same position as you (wishing I'd locked it in last year but wasn't certain of visa), but personally don't see it moving much for a while - so will probably change what I need and leave rest in uk account - as although I think more ikely to go to 1.90 than 2.20 in short term (very happy to be proven wrong), seems more upside potential than downside in the longer term (although I don't have a crystal ball either).
Good luck. Jay
