Exchange rate
 

Just popped up over $2.05 again, probably due to increasing expectations of interest rate rises in the UK this year.

If you don't think rates will rise, might be a good time to think about transferring money :).

Re: Exchange rate
 

2.20 in August or thereabouts :beer: !

Re: Exchange rate
 

Would be nice :).

Re: Exchange rate
 

Bank of England kept interest rates on hold this week.

However...with some of the highest house price incraese and mortgage lending figures for 2.5 yrs looks like Bank of England is under pressure to increase rates sonner rather than later.

I have sterling to transfer......I'm holding out for rate rise (more like praying for a rate rise ;) )

Rgds
Mans

Re: Exchange rate
 

We have been here since February but still have most of our money in the UK in a fixed term account that is not up until July. Would be nice if the rate had gone up a little by then. It's amazing how much difference a couple of cents makes. I will be glad when it's all over here then I can finally forget about exchange rates!

Mark

Re: Exchange rate
 

They were hardly going to increase rates on election day :).

Plus they'll usually have at least a couple of months of talking about changes of direction before they make one. So I'd guess July or August unless something dramatic happens to the economy in the meantime.

BTW, we're almost at $2.06 now.

Re: Exchange rate
 

Scuse me, where is that please!!!!

Re: Exchange rate
 

If your looking for the rate .... I use www.hifx.co.uk

HTH
Mans

Re: Exchange rate
 

True, I think I'm looking at the inter-bank rate, so it's probably a cent and change less for real-world money transfers.

Re: Exchange rate
 

We got 2.38 in May 2004.. but it had been 2.50, and we thought we'd missed the boat!

Re: Exchange rate
 

A colleague of mine claims to have got the best part of 2.60 when he came to Calgary a few years ago. If you hear reports of a body found floating face down in the Bow river over the next few months, then you know who it is :D

Re: Exchange rate
 

I found www.isxfx.co.uk better than hifx.co,uk - better rates and really helpful staff....that was back in May 2004.

Re: Exchange rate
 

Sorry - it's www.isxfx.com (NOT co.uk)

Re: Exchange rate
 

I got $2.44 through www.isxfx.com back in May 2004. They were excellent - really helpful. :D

Re: Exchange rate
 

I got $2.43 back in May 2004 through www.isxfx.com. Very helpful staff who know what they're doing - and talked me through it step by step :D

Re: Exchange rate
 

I got $1.99 in Feb 2006 :(

Hope I will get a bit more on the next transfer though!

Mark

Re: Exchange rate
 

OUch!!! :eek:

Re: Exchange rate
 

According to the Independent, the markets are expecting UK interest rates to be 5% by the end of the year. So hopefully that will push up exchange rates a bit even if Canadian rates continue to rise.

http://news.independent.co.uk/busine...icle362431.ece

Re: Exchange rate
 

I got 1.97 3 weeks ago (after currency company take their cut), it's up to 2.06 today :rolleyes: :o
I think I'll stop watching it now :D

Re: Exchange rate
 

Just hit $2.07!! now if it can keep going up till next summer.....!!!

Re: Exchange rate
 

Everyone start praying, pray hard I tell you, HARDER :beer: !!!!!!!!!!!!!!!

Re: Exchange rate
 

Just checked www.xe.com and it's up to $2.085!!

KEEP PRAYING PEOPLE!!!!!

Re: Exchange rate
 

My forecast is on schedule! "2.20 in August or thereabouts !"

Re: Exchange rate
 

We were able to get $2.30-2.45 last September, when we came over to put money down for the house were are building in Hamilton.

Not liking this $2.02 malarky at all :mad:

Re: Exchange rate
 

$2.0904 on Yahoo finance right now.

A continued US dollar drop and a rate rise or two in the UK and we'll be sorted :).

Re: Exchange rate
 

Higher interest rates appears to be the next move after the BoE predicted that inflation would hit its target level in the next couple years.

With recent robust macro economic indicators coupled with high energy costs, many analyst are predicting that an upward move in rates is a near possibility.

But, I do not follow this view, the UK economy is somewhat recovering but not to a point to push the BoE to raise rates in the near future. As for inflation its very well contained with no pass-through.

So, guys my bet is $2.15

P.S: Canadian rates are going up for sure

Re: Exchange rate
 

HIGHER!

$2.16

http://www.ukgameshows.com/atoz/prog...lay_cards1.jpg

:(

Re: Exchange rate
 

You call 20+% rises in gas prices 'no pass-through'? Not to mention a trebling of house prices in many areas over the last six or seven years?

The primary reason why Brown has been able to fiddle the figures to claim there's no significant inflation is because the cost of imports has been dropping (e.g. the vast masses of 20 quid DVD players from China). Last I read the cost of imports was rising, so that's hardly good news for inflation fiddlers.

Certainly almost everything I buy is up by far more than the claimed 2%, and most of the rest is down in quality at the same price.

Re: Exchange rate
 

$2.0948 on Yahoo now.

Pretty soon I'll have to think about maybe moving my ISA over...

Re: Exchange rate
 

2.0972 on XE. Come on keep going!! :D

Re: Exchange rate
 

$2.10! And I've just exchanged some money I need to buy a vehicle next week. How's that for a Brucie bonus!