Exchange rate
Nov 30th 2006, 1:22 pm
#46
Joined: Apr 2005
Posts: 9,606
Re: Exchange rate
Right, that's it. I'm bringing my pounds over. I base my calculations on an average of $2.2, so I think the time is right.
If you see the rate shoot up to $2.5 overnight in about two weeks, that'll be because the pounds arrived the day before.
If you see the rate shoot up to $2.5 overnight in about two weeks, that'll be because the pounds arrived the day before.
Nov 30th 2006, 1:45 pm
#47
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Joined: Nov 2006
Location: Cambridge UK - hoping to move to Calgary
Posts: 174
Re: Exchange rate
Originally Posted by welshchem
I needed to sell mine quickly for the move to Toronto so wifey rang around the local landlords. We've sold to a landlady for less than we would have got through an estate agent but we didn't have to pay any fees as we sold privately.
The other plus is once they've agreed to buy they can get a mortgage very quickly using their other houses as collateral.
The other plus is once they've agreed to buy they can get a mortgage very quickly using their other houses as collateral.
Nov 30th 2006, 2:08 pm
#48
Property Owner
Joined: Oct 2006
Location: Downtown Toronto
Posts: 249
Re: Exchange rate
Originally Posted by angelic_fruitcake
Don't talk to me about selling houses. Ours has been on the market since APRIL. Two offers (one fell through, one was ridiculously low) two people who've returned for a second look, and a price drop of £6000....actually, it was the non mov ement in the house sale that convinced us we should just take our time and move to Canada!
We've been really fortunate with all aspects of our move. We both had interviews last July and managed to sort out an intra company transfer for the wife and a post doctoral research position for myself. As both are exempt from having to have HRSDC exemption
we've had no hassles. Mrs Welshchem has been in work in Toronto for 7 weeks now and I'm flying over on the 20th of December when I've submitted my PhD.When I think of the stresses we've had in the past 6 months I feel so sorry for people who have to wait years without knowing what's going to happen.
All I can say is I hope you sell your home and Canada is all you hope for
Welshchem
Nov 30th 2006, 2:22 pm
#49
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Joined: Jun 2005
Posts: 191
Re: Exchange rate
Moneycorp spot rate is currently 2.239
Nov 30th 2006, 2:23 pm
#50
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Location: Saskatoon, Saskatchewan
Posts: 4,104
Re: Exchange rate
Over $2.24 now as the US dollar sinks without a trace...
Nov 30th 2006, 3:03 pm
#51
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Joined: May 2005
Location: Lower Mainland, BC
Posts: 120
Re: Exchange rate
Originally Posted by MarkG
Over $2.24 now as the US dollar sinks without a trace...
http://newsvote.bbc.co.uk/1/shared/f...3/intraday.stm
A fair chunk of the $2.243 (and rising) is down to that.
Nov 30th 2006, 3:15 pm
#52
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Re: Exchange rate
Yeah, because a fair chunk of the Canadian economy is a result of the US economy .
.
Nov 30th 2006, 3:18 pm
#53
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Location: Lower Mainland, BC
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Re: Exchange rate
Originally Posted by MarkG
Yeah, because a fair chunk of the Canadian economy is a result of the US economy .
.http://www.theglobeandmail.com/servl.../Business/home
Or rather, not in as buoyant a situation as had previously been thought. :scared:
Whatever the reason, I just hope it stays there until Feb.
Nov 30th 2006, 3:35 pm
#54
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Location: Sherwood Park
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Re: Exchange rate
Originally Posted by nivlad
Just looked at the rbc website and if you want to buy Can$ with British pounds they will give you $2.1726 but if you want to buy british pounds they will exchange at $2.26
http://www.rbcroyalbank.com/RBC:RW3L...l/fxconvert.pl
http://www.rbcroyalbank.com/RBC:RW3L...l/fxconvert.pl
This was £ to Canadian $
Linda
Nov 30th 2006, 4:14 pm
#55
OMG - I'm back
Joined: Apr 2005
Location: Guelph, Ontario
Posts: 309
Re: Exchange rate
Originally Posted by Linda P
We are with RBC and last week when HIFX's spot rate was 2.18 the bank offered us 2.2 over the counter, the manager then told us he would increase this as we were exchanging a large amount.
This was £ to Canadian $
Linda
This was £ to Canadian $
Linda
Nov 30th 2006, 5:32 pm
#56
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Location: Sherwood Park
Posts: 1,709
Re: Exchange rate
Originally Posted by nivlad
yep I heard yeah, but I think they got it wrong (I am not saying you have!). Like I said before I hope you snapped their hands off. Also, as the rate is close to $2:25 today (inter-bank rate with HiFX) you should go back again and see if they offer you $2:27. You could be on a real earner
We will be .....as soon as our money hit's our account.
I'll let you know what rate we get!!!!
Linda
Dec 1st 2006, 1:28 pm
#57
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Joined: Apr 2005
Location: Guelph, Ontario
Posts: 309
Re: Exchange rate
and still it goes up, currently $2.255 on hifx
Dec 1st 2006, 1:34 pm
#58
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Joined: May 2004
Location: Windsor, Nova Scotia
Posts: 71
Re: Exchange rate
Grrr always the way I took a punt at 2.2 now perhaps regretting my caution glad i didnt exchange it all perhaps may be time to look at it again. oh well such is....
Dec 1st 2006, 1:37 pm
#59
Property Owner
Joined: Oct 2006
Location: Downtown Toronto
Posts: 249
Re: Exchange rate
Originally Posted by nivlad
and still it goes up, currently $2.255 on hifx
I don't know why I feel safer with HSBC but I do, at the same time though the rate with HIFX is really tempting. Anyone care to put my mind at rest?
Dec 1st 2006, 1:43 pm
#60
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Joined: Nov 2006
Location: Cambridge UK - hoping to move to Calgary
Posts: 174
Re: Exchange rate
Originally Posted by welshchem
We've been really fortunate with all aspects of our move. We both had interviews last July and managed to sort out an intra company transfer for the wife and a post doctoral research position for myself. As both are exempt from having to have HRSDC exemption we've had no hassles. Mrs Welshchem has been in work in Toronto for 7 weeks now and I'm flying over on the 20th of December when I've submitted my PhD.
When I think of the stresses we've had in the past 6 months I feel so sorry for people who have to wait years without knowing what's going to happen.
All I can say is I hope you sell your home and Canada is all you hope for
Welshchem
we've had no hassles. Mrs Welshchem has been in work in Toronto for 7 weeks now and I'm flying over on the 20th of December when I've submitted my PhD.When I think of the stresses we've had in the past 6 months I feel so sorry for people who have to wait years without knowing what's going to happen.
All I can say is I hope you sell your home and Canada is all you hope for
Welshchem
Job wise, assuming that H's company plays ball, we'll come over on an inter company transfer and at least the security of knowing that one of us will have a decent job on arrival. The house sale will pay off all debts and mortgage and costs, leaving a little bit over - and due to circumstances in the civil service where I work that are too complimacated to go into, I'm hoping to get an early voluntary exit payout next year (September) which will top up the pot nicely so we have enough to be going on with when we arrive.
Plus, if we move into rented early next year, assuming we do sell soon (we have TWO confirmed second viewings this weekend) we can save money through not having to pay loans and debts any more, and until September/October we can rent somewhere smallish and just save as much as we can.
The two major stepping stones and areas where the dastardly plan could fall down are H's company being obstructive...and the house just not selling. but by the law of averages, it must sell soon. We get a lot of viewings. It's not only us...the two similar properties near us both sold for way under the original asking price...and the new development across the road is resorting to offering £750 legal costs, stamp duty paid AND a free HD wide screen telly to flog their overpriced houses...