Exchange rate
May 4th 2006 | 11:10 pm
#1
Thread Starter
BE Forum Addict
Joined: Apr 2005
Posts: 4,109
From: Saskatoon, Saskatchewan
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
.
If you don't think rates will rise, might be a good time to think about transferring money
.
May 4th 2006 | 11:15 pm
#2
BE Enthusiast
Joined: Sep 2003
Posts: 577
From: Poland
Re: Exchange rate
Originally Posted by MarkG
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.
If you don't think rates will rise, might be a good time to think about transferring money
.2.20 in August or thereabouts
!
May 4th 2006 | 11:17 pm
#3
Thread Starter
BE Forum Addict
Joined: Apr 2005
Posts: 4,109
From: Saskatoon, Saskatchewan
Re: Exchange rate
2.20 in August or thereabouts
.
May 5th 2006 | 12:40 am
#4
Mans
Joined: Jul 2005
Posts: 343
From: Oakville
Re: Exchange rate
Originally Posted by MarkG
Would be nice .
.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
May 5th 2006 | 12:57 am
#5
BE Enthusiast
Joined: Mar 2005
Posts: 609
From: Toronto
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
Mark
May 5th 2006 | 1:05 am
#6
Thread Starter
BE Forum Addict
Joined: Apr 2005
Posts: 4,109
From: Saskatoon, Saskatchewan
Re: Exchange rate
Bank of England kept interest rates on hold this week.
.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.
May 5th 2006 | 1:52 am
#7
...in these shoes?
Joined: Sep 2005
Posts: 510
From: Campbell River, BC
Re: Exchange rate
Scuse me, where is that please!!!!
May 5th 2006 | 4:55 am
#8
Mans
Joined: Jul 2005
Posts: 343
From: Oakville
Re: Exchange rate
Originally Posted by ellsie
Scuse me, where is that please!!!!
HTH
Mans
May 5th 2006 | 5:27 am
#9
Thread Starter
BE Forum Addict
Joined: Apr 2005
Posts: 4,109
From: Saskatoon, Saskatchewan
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.
May 5th 2006 | 8:27 am
#10
http://dundasheritagefarm
Joined: Apr 2006
Posts: 53
From: Prince Edward Island
Re: Exchange rate
Originally Posted by MarkG
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.
If you don't think rates will rise, might be a good time to think about transferring money
.
May 5th 2006 | 8:57 am
#11
BE Forum Addict
Joined: Sep 2004
Posts: 1,709
From: Flat Oxfordshire
Re: Exchange rate
Originally Posted by heritagefarmer
We got 2.38 in May 2004.. but it had been 2.50, and we thought we'd missed the boat!
May 5th 2006 | 9:10 am
#12
jude.evans
Joined: May 2006
Posts: 17
From: Southwestern Ontario
Re: Exchange rate
Originally Posted by Mans
May 5th 2006 | 9:13 am
#13
jude.evans
Joined: May 2006
Posts: 17
From: Southwestern Ontario
Re: Exchange rate
Originally Posted by jude.evans
I found www.isxfx.co.uk better than hifx.co,uk - better rates and really helpful staff....that was back in May 2004.
May 5th 2006 | 9:14 am
#14
jude.evans
Joined: May 2006
Posts: 17
From: Southwestern Ontario
Re: Exchange rate
Originally Posted by Posidrive
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
May 5th 2006 | 9:16 am
#15
jude.evans
Joined: May 2006
Posts: 17
From: Southwestern Ontario
Re: Exchange rate
Originally Posted by Posidrive
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
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
