British Expats - Exchange rate

"The Canadian crosses are still doing well as CAD gains are more or less offsetting the EUR and GBP strength. The loonie has appreciated markedly against the other majors excluding the Yen during the last month and may be ripe for a directional change"

Fingers and everything else crossed!!

If the pound can drop that quickly, there's no reason it can't rise at the same speed.... is there??

I agree and GDP/CAD is now 1.9196 its moved in one week from 1.8650 - I'm hoping the trend continues - fingers X ;-)

Best of luck to everyone who needs to ride this rollercoaster!

:thumbsup:

AndyBCbound

Sep 14th 2008 9:27 pm

Re: Exchange rate

Quote:

Originally Posted by APC (Post 6784476)

I agree and GDP/CAD is now 1.9196 its moved in one week from 1.8650 - I'm hoping the trend continues - fingers X ;-)

Best of luck to everyone who needs to ride this rollercoaster!

:thumbsup:

wahooooooooooooo! 192.00:thumbsup:

Canada Dreams

Sep 14th 2008 9:55 pm

Re: Exchange rate

im going to pee my pants now yippeeeeee keep it rising :thumbsup:

AndyBCbound

Sep 14th 2008 9:59 pm

Re: Exchange rate

Quote:

Originally Posted by Canada Dreams (Post 6784656)

im going to pee my pants now yippeeeeee keep it rising :thumbsup:

It's all the Beer:ohmy: Get to the toilet QUICK:eek:

mclauchlan35

Sep 14th 2008 11:14 pm

Re: Exchange rate

I see it at $1.88 where is it $1.92?:confused:

AndyBCbound

Sep 14th 2008 11:20 pm

Re: Exchange rate

Quote:

Originally Posted by mclauchlan35 (Post 6784877)

I see it at $1.88 where is it $1.92?:confused:

At mid day today the price was 1.9233, this is the interbaking rate not the rate you would actually recieve, If you were to change say Â£10k you would have got an exchange rate on the 1.9233 of around $1.9103, Hope this explains. By the way that would have been through interchangefx or Custom House :thumbup:

dazzlerdaz

Sep 15th 2008 1:17 am

Re: Exchange rate

I look at the first page on this thread and it makes me want to cry !
What a difference 100 pages make :lol::lol::lol:

MarkG

Sep 15th 2008 3:02 am

Re: Exchange rate

With Lehman collapsing, the US financial system could be in deep poo (more precisely, in even deeper poo than the UK), so I won't be surprised to see the rate get closer to $2 in the next couple of weeks... particularly with Mervin King's recent comments making interest rate cuts in the UK look much less likely than they did a few days ago.

The Fed will obviously try to ensure a careful run-down of the business to minimise the impact elsewhere, but the US dollar is hardly going to look like a safe haven for foreign investors any time soon.

dazzlerdaz

Sep 15th 2008 6:51 am

Re: Exchange rate

Quote:

Originally Posted by MarkG (Post 6785513)

If it hits $2 them i`m in for the kill :thumbsup:

Canada Dreams

Sep 15th 2008 6:53 am

Re: Exchange rate

i will second that out on the p*ss if it does

mclauchlan35

Sep 15th 2008 6:58 am

Re: Exchange rate

Quote:

Originally Posted by MarkG (Post 6785513)

Thing is how much damage will a strong CAD do to the export and tourism industries? when all the big orders go across the border with the weaker USD, its hard to beleive that Canada won't start to feel the pinch sometime soon.

dazzlerdaz

Sep 15th 2008 7:03 am

Re: Exchange rate

Quote:

Originally Posted by Canada Dreams (Post 6786247)

i will second that out on the p*ss if it does

And i`ll second the "out on the p*ss" bit :thumbsup:

Southcote

Sep 15th 2008 7:12 am

Re: Exchange rate

I had to change up money today for our house purchase. I got 1.9028 from Moneycorp. I asked them about short to medium term rates, and they were predicting a decline to mid 1.80s. Not sure how accurate this will prove to be, as they usually sit on the fence when asked to give predictions

dazzlerdaz

Sep 15th 2008 7:14 am

Re: Exchange rate

Quote:

Originally Posted by Southcote (Post 6786324)

I`m just gonna sit on my fence with a beer and see what happens :D

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