Exchange rate
#1546
Re: Exchange rate
See your point for your circumstances. The rate has trended slightly higher today. I could probably get 1.93 from Halo today but its still looking very volatile. I have £15k to bring over but we dont need it so we are leaving it alone unless we get back to 2.
Just as an aside have you tried to open a Canadian account? We use Community Savings here in Alberta and they opened an account without us being present.
Cheers
Tom
Just as an aside have you tried to open a Canadian account? We use Community Savings here in Alberta and they opened an account without us being present.
Cheers
Tom
#1547
Joined: Jul 2007
Posts: 2,139
Re: Exchange rate
Perhaps it's time to start checking ebay for any 2nd hand crystal balls?!
Yea I've researched various banks and accounts etc and provisionally decided upon Presidents Choice for a simple chequeing (sp?) account. Sent off an email and they are very helpful but basically told I should wait till I arrive. Plus I'll have no where to live in Toronto so providing a proper address would be tricky! It's all a bit of a 'wing & a prayer' set up admittedly, but what the hell.
Now if the rate could be 2.00 for just one day, I promise I wouldn't tell anyone.
Yea I've researched various banks and accounts etc and provisionally decided upon Presidents Choice for a simple chequeing (sp?) account. Sent off an email and they are very helpful but basically told I should wait till I arrive. Plus I'll have no where to live in Toronto so providing a proper address would be tricky! It's all a bit of a 'wing & a prayer' set up admittedly, but what the hell.
Now if the rate could be 2.00 for just one day, I promise I wouldn't tell anyone.
#1549
BE Enthusiast
Joined: Nov 2007
Location: Abbotsford, BC
Posts: 450
Re: Exchange rate
That's great new getting nervous now thats up 10 cents in a week! Trade or not to trade that is the question!!
#1550
Re: Exchange rate
We decide to trade, we've been thinking about it the last couple of days. Just got 1.95 on £7,000 with HiFX - the rate shown on xe.com at the time was 1.975. Not sure if this was good or not, I was hoping for 1.96. But after seeing the xe.com rate at 1.86 not so long ago I was happy with that. Before trading I checked BBC and the £GBP was down against most currencies, with the exception of the Canadian dollar, so it's not like our economy is picking up.
#1551
BE Enthusiast
Joined: Nov 2007
Location: Abbotsford, BC
Posts: 450
Re: Exchange rate
We decide to trade, we've been thinking about it the last couple of days. Just got 1.95 on £7,000 with HiFX - the rate shown on xe.com at the time was 1.975. Not sure if this was good or not, I was hoping for 1.96. But after seeing the xe.com rate at 1.86 not so long ago I was happy with that. Before trading I checked BBC and the £GBP was down against most currencies, with the exception of the Canadian dollar, so it's not like our economy is picking up.
#1552
Re: Exchange rate
Sounds good. I don't have any more money to transfer at the moment, so I'm going to try to stop looking at the exchange rate - I get obsessed, and if it goes up further I'll just kick myself.
#1553
BE Enthusiast
Joined: Nov 2007
Location: Abbotsford, BC
Posts: 450
Re: Exchange rate
I'm the same i ve just confirmed at 1.96 so well happy with that it's only £20 per £1000 from the target of $2 -£1 i can live with that! Best not to worry now im sure it will never get back to the $2.30 - £1 days!
#1557
Wanna-be Canadian
Joined: May 2008
Posts: 176
Re: Exchange rate
Oooh, err...
According to xe.com it's just hit $2.00,06.
If it stays there is another matter.
OPEC are meeting soon and they want to cap production so oil prices hover between $80/90US a barrel - I'm unsure how this will effect Manitoba's and Canada's economy... not much if the proposed OPEC prices come into play I suspect.
The Canadian dollar historically falls at the years end 'cos of the reduction in tourism in winter & the 1st quarter.
I have a feeling it may go higher yet.
M.
According to xe.com it's just hit $2.00,06.
If it stays there is another matter.
OPEC are meeting soon and they want to cap production so oil prices hover between $80/90US a barrel - I'm unsure how this will effect Manitoba's and Canada's economy... not much if the proposed OPEC prices come into play I suspect.
The Canadian dollar historically falls at the years end 'cos of the reduction in tourism in winter & the 1st quarter.
I have a feeling it may go higher yet.
M.
#1559
Re: Exchange rate
2.0175 now - unbelievable! Let's hope it's stays up there for at least a few weeks!