Exchange rate
#1801
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Hi
We are now in a position to exchange some money, we are looking at next June time for our actual move.
I appreciate it's anyones guess at the moment as far as what is happening with the rate, but it would be really great to get some feedback from people, answers on a postcard please![Wink](https://britishexpats.com/forum/images/smilies/wink.gif)
![Big Grin](https://britishexpats.com/forum/images/smilies/biggrin.gif)
we are talking a few thousand ,not tens of thousands![Huh?](https://britishexpats.com/forum/images/smilies/huh.gif)
a- swap it all now
b- wait a while
c- bit now and save the rest for nearer the time?
Thanks
We are now in a position to exchange some money, we are looking at next June time for our actual move.
I appreciate it's anyones guess at the moment as far as what is happening with the rate, but it would be really great to get some feedback from people, answers on a postcard please
![Wink](https://britishexpats.com/forum/images/smilies/wink.gif)
![Big Grin](https://britishexpats.com/forum/images/smilies/biggrin.gif)
we are talking a few thousand ,not tens of thousands
![Huh?](https://britishexpats.com/forum/images/smilies/huh.gif)
a- swap it all now
b- wait a while
c- bit now and save the rest for nearer the time?
Thanks
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#1802
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Hi
We are now in a position to exchange some money, we are looking at next June time for our actual move.
I appreciate it's anyones guess at the moment as far as what is happening with the rate, but it would be really great to get some feedback from people, answers on a postcard please![Wink](https://britishexpats.com/forum/images/smilies/wink.gif)
![Big Grin](https://britishexpats.com/forum/images/smilies/biggrin.gif)
we are talking a few thousand ,not tens of thousands![Huh?](https://britishexpats.com/forum/images/smilies/huh.gif)
a- swap it all now
b- wait a while
c- bit now and save the rest for nearer the time?
Thanks![Sunglasses](https://britishexpats.com/forum/images/smilies/sunglasses.gif)
We are now in a position to exchange some money, we are looking at next June time for our actual move.
I appreciate it's anyones guess at the moment as far as what is happening with the rate, but it would be really great to get some feedback from people, answers on a postcard please
![Wink](https://britishexpats.com/forum/images/smilies/wink.gif)
![Big Grin](https://britishexpats.com/forum/images/smilies/biggrin.gif)
we are talking a few thousand ,not tens of thousands
![Huh?](https://britishexpats.com/forum/images/smilies/huh.gif)
a- swap it all now
b- wait a while
c- bit now and save the rest for nearer the time?
Thanks
![Sunglasses](https://britishexpats.com/forum/images/smilies/sunglasses.gif)
![retsujou is offline](https://britishexpats.com/forum/images/statusicon/user_offline.gif)
#1803
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nikki
just be sure you have the minimum landing funds safely in canada
for 2 reasons
one we had some cash in icesave bank now we did get it back but it took a couple of months
this could have been a disaster if it was needed for landing funds
UK economy as bad as it is absolutely any bank could go bust at anytime and yes you are likely to get your money back but thats no use if you need landing funds cash for canada and cant wait up to 6 months to get your money out of a failed bank!!
reason two
a friend of mine had just about the minimum funds for landing but due to the excahnge rate now has a shortfall![EEK!](https://britishexpats.com/forum/images/smilies/eek.gif)
after everything we all go through to get to utopia it wwpould be a tradgedy if plans got sucppered due to the failure of a UK bank or exchange rates
for peace of mind we have got landing funds and a bit for safety safely planted in canadian banks
canadian banks are considerably more secure than any UK ones at least for now
as far as the rate goes yes its terrible but its all about safety
you might be only getting 1.8 today but if it goes to 1.5 will you still have enough?
personally to me its all about security and not money eg yes we got a c$%p rate wehn we changed a large amount but at least we dont have sleepless nights thinking we might lose our cash entirely for months and our landing funds are safe
huge luck
all
by the way 1.8 is still in fact great value just dont think about when we used to 2.3 else your hair will fall out![EEK!](https://britishexpats.com/forum/images/smilies/eek.gif)
just be sure you have the minimum landing funds safely in canada
for 2 reasons
one we had some cash in icesave bank now we did get it back but it took a couple of months
this could have been a disaster if it was needed for landing funds
UK economy as bad as it is absolutely any bank could go bust at anytime and yes you are likely to get your money back but thats no use if you need landing funds cash for canada and cant wait up to 6 months to get your money out of a failed bank!!
reason two
a friend of mine had just about the minimum funds for landing but due to the excahnge rate now has a shortfall
![EEK!](https://britishexpats.com/forum/images/smilies/eek.gif)
after everything we all go through to get to utopia it wwpould be a tradgedy if plans got sucppered due to the failure of a UK bank or exchange rates
for peace of mind we have got landing funds and a bit for safety safely planted in canadian banks
canadian banks are considerably more secure than any UK ones at least for now
as far as the rate goes yes its terrible but its all about safety
you might be only getting 1.8 today but if it goes to 1.5 will you still have enough?
personally to me its all about security and not money eg yes we got a c$%p rate wehn we changed a large amount but at least we dont have sleepless nights thinking we might lose our cash entirely for months and our landing funds are safe
huge luck
all
by the way 1.8 is still in fact great value just dont think about when we used to 2.3 else your hair will fall out
![EEK!](https://britishexpats.com/forum/images/smilies/eek.gif)
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#1806
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Hi
We are now in a position to exchange some money, we are looking at next June time for our actual move.
I appreciate it's anyones guess at the moment as far as what is happening with the rate, but it would be really great to get some feedback from people, answers on a postcard please![Wink](https://britishexpats.com/forum/images/smilies/wink.gif)
![Big Grin](https://britishexpats.com/forum/images/smilies/biggrin.gif)
we are talking a few thousand ,not tens of thousands![Huh?](https://britishexpats.com/forum/images/smilies/huh.gif)
a- swap it all now
b- wait a while
c- bit now and save the rest for nearer the time?
Thanks![Sunglasses](https://britishexpats.com/forum/images/smilies/sunglasses.gif)
We are now in a position to exchange some money, we are looking at next June time for our actual move.
I appreciate it's anyones guess at the moment as far as what is happening with the rate, but it would be really great to get some feedback from people, answers on a postcard please
![Wink](https://britishexpats.com/forum/images/smilies/wink.gif)
![Big Grin](https://britishexpats.com/forum/images/smilies/biggrin.gif)
we are talking a few thousand ,not tens of thousands
![Huh?](https://britishexpats.com/forum/images/smilies/huh.gif)
a- swap it all now
b- wait a while
c- bit now and save the rest for nearer the time?
Thanks
![Sunglasses](https://britishexpats.com/forum/images/smilies/sunglasses.gif)
![Auld Yin is offline](https://britishexpats.com/forum/images/statusicon/user_offline.gif)
#1807
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I would set an order to exchange XXX at say $1.90 within the next month. That way when it reaches it, and it will, you automatically get that rate. I use custom house (xe.com) ![Smile](https://britishexpats.com/forum/images/smilies/smile.gif)
However I think it will go back to $2.05 by end of jan.
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However I think it will go back to $2.05 by end of jan.
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#1808
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when was this??
good luck all scary stuff all this
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#1809
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I haven't checked the rate since I changed all mine back in July 07, sorry I thought I read a few posts up that it was on $1.71 today...my bad.
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#1810
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what make you think it will reach 2.05? i doubt we'll see $1.90 again for a long while? The CD is still strengthening against the £ even though the Oil price continues to fall which everybody keeps quoting will weaken the CD it doesn't seem to be having this affect at the moment?
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#1811
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If I changed my money today instead of August 2007 I would be $80.000 worse off .. Now that is scary
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#1812
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I know what you mean though, losing 40c in every pound hurts.
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#1813
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Yeah I know I could have probably bought this house for $80.000 less than I paid for it
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#1814
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Why do you think that? Gordon Brown is a lunatic and together with Darling they are destroying our economy. The only serious industry we have in this country now is financial services. If you include the off balance sheet stuff like PFI, public sector pensions and the recent gamble on the financial markets, our national debt is massive. Our levels of personal indebtedness are terrifying, and we are going to have 3-4 million unemployed by 2011. Canada isn't the best economy in the world, but I'd like to know why you think the Canadian currency is a better bet than ours? Seriously, tell me, maybe I'm missing something.
http://seekingalpha.com/article/7195...-of-181-by-imf
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#1815
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It was $1.90 just 10 days ago and will get there again soon. Once the mad panic of Christmas is out the way you will see it rise. Im holding out for $2.05
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