Currency Rate...........
 

Any advice on the current exchange rate from GBP to CAD$, i took a chance and bought some dollars today at $2.41 to the £, just wondered if i`m doing the right thing ( too late now anyway,lol)
Also wondered as i don`t have a Canadian account yet, could i send it to a relative in Canada to keep for me?.

That is an exceptionally good rate. Can I ask where you exchanged your money and if you paid any commission? Thanks!

go to www.xe.com and have a look at their offers.
they charge about 30sterling per transaction and you get very near the rate shown.
$2.41 is good but even in the last 3 years its been as low as $2.00 and as high as $2.52

it was only 2 months ago it was around the $2.20 mark so your timing looks good.

dean

I'd change my pounds for anything above 2.30 anything above is a bonus


Ray

boom

$2.436

on a hundred thousand pounds thats over $20000 more than the raters a couple of months ago. could buy you a new small car!!!

:lecture: If you are transferring over more than £20000, make sure you do it at commercial rates. I used NatWest. The manager at Weston Favell in Northampton was fantastic, he set it all up, we agreed on a day and I simply wento into the office with him. He called up the rates and I told him when the rate was acceptable. We were watching the actual money market rate. I had already set up an account with Scotiabank who have also been great and simply printed off an online statement as proof of funds.

As was said already, you can make a lot of dollars by transferring your money over at the right rate.

Good luck! er anyone want some snow? we have a fair bit to share...:D

I set up an account with Moneycorp, they check out well and were easy to deal with. I bought £8,000 of CAD yesterday on a spot contract and they charged £15 for the deal, with free transfer to the account of my choice ( which i dont have yet) they will hold the money for me `till i instruct them where to send it. I`m waiting to do a forward contract later, but when i saw the rate yesterday i thought it was worth buying some there and then. Knowing my luck it will jump further now, :-(
CBELGUM-can i swap your snow for the rain which hasn`t stopped this year in Scotland, there`s a guy outside building an Arc.............

Anyone with info on HSBC in Canada?, it seems i can open an account in Canada from my local Glasgow branch. Maybe someone has had dealings with them good or bad?

my wife uses them here, used them in england and is happy with them

sheesh $2.44431 as i write

Thanks Citizen, i`m going in to the Glasgow branch tomorrow.

here you go http://www.hsbc.ca/hsbc

it will give you some info before you visit your local branch

[QUOTE]Originally posted by cbelgum
:lecture: If you are transferring over more than £20000, make sure you do it at commercial rates. I used NatWest. The manager at Weston Favell in Northampton was fantastic, he set it all up, we agreed on a day and I simply wento into the office with him.

Couldn't help noticing you mentioning Northampton in your message. I was born & bred there and now live 25 miles away. Are you still there or are you now in Canada?

Jane

We bought our Canadian Dollars today from www.hifx.co.uk at a foreward rate of 2.42 which basically means that we enter a contract today with them to purchase at the above rate. We pay 10% down and the rest has to be paid for by an agreed date (15th April for us as we have tied this in with buying a Canadian property).

There are no charges or commission and even your first transfer is free.

[QUOTE]Originally posted by Canada Jane
Hi Jane

We live in Canada now, just outside of Barrie in Ontario. Still have family there though.

How about you?