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Re: Exchange rate
What are people's views on the US CDN dollar exchange rate? Was the 1 : 1 the exception and so the rates are returning to normal, or will they fall again do you think? My assets are in US dollars, and the exchange rate is going in the right direction for me right now, but I wonder about the best time to move them.
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Re: Exchange rate
Nobody knows for sure but i cannot see the US $ getting much more stronger than it is against the CD! you ve got to take what your happy with and depends on other factors such as how quickly you need to transfer across ect!
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Re: Exchange rate
Originally Posted by scottymallo
(Post 6997754)
Nobody knows for sure but i cannot see the US $ getting much more stronger than it is against the CD! you ve got to take what your happy with and depends on other factors such as how quickly you need to transfer across ect!
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Re: Exchange rate
Originally Posted by andrewrb143
(Post 6997215)
One way to keep the prices down would be to disband OPEC, only then will we see the real prices of oil based on simple supply and demand.
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Re: Exchange rate
Originally Posted by screene
(Post 6994552)
I bought CAD at end October and got 2.0112. The bank rate on the HiFX website was 2.03 (can't remember whether that was bid or ask). At the time I asked about buying ahead for 1 March 09 and was offered 1.9980, and 1.9879 for 1 June 09. There were no other charges for these transactions, you just get the slightly lower rate. I don't know what the penalty is if you subsequently back out. I didn't buy at the time because I wanted to get better than the $2 on which I based my calculations... hindsight eh?
Hope that helps. Canadian interest rates were lower than UK ones you get a lower rate in the future (i.e. you get a better return having GBP rather than CAD in the bank). As UK interest rates are now lower than Canadian ones - a forward rate should actually be higher than the current SPOT rate. This is true right now on my terminal anyway (GBPCAD1M/2M/3M points are all just about positive - tho the spreads are large) Alan |
Re: Exchange rate
Originally Posted by cneldred
(Post 6997883)
Only way to disband OPEC is for OPEC to disband themselves, ain't gonna happen. They love the group power they have.
There's rules for them, and rules for us..... |
Re: Exchange rate
As OPEC is international who would do the banning?
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Re: Exchange rate
Twiddling my thumbs again in a hotel, looked a bit into the history of the GBP/CAD pair. In 1976 it dipped to 1.61 and by 1980 it hit 2.90. It has gone up an down like a yo yo this past 30 years, so for those holding GBP there is hope yet if you're not in a rush. Trouble is it is a crap shoot for those willing to take the risk.
Some people take more of a risk than others. http://www.investopedia.com/terms/g/soros.asp |
Re: Exchange rate
Originally Posted by nooka
(Post 6997415)
What are people's views on the US CDN dollar exchange rate? Was the 1 : 1 the exception and so the rates are returning to normal, or will they fall again do you think?
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Re: Exchange rate
The £ has just fallen off the perch!
1.90 to 1.855 in about 45 mins! Was it the chancellors speech? |
Re: Exchange rate
Originally Posted by scousemartin
(Post 7004507)
The £ has just fallen off the perch!
1.90 to 1.855 in about 45 mins! Was it the chancellors speech? |
Re: Exchange rate
Originally Posted by nooka
(Post 6998322)
As OPEC is international who would do the banning?
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Re: Exchange rate
Originally Posted by scousemartin
(Post 7004507)
The £ has just fallen off the perch!
1.90 to 1.855 in about 45 mins! Was it the chancellors speech? |
Re: Exchange rate
The £ is getting stronger just about to break $1.90 again!!!
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Re: Exchange rate
Originally Posted by scottymallo
(Post 7008672)
The £ is getting stronger just about to break $1.90 again!!!
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