Exchange rate
#181
Re: Exchange rate
hi
just thought i would let you know i spoke with moneycorp and hifix this afternoon as i have just registered with them.
both agents thought we would do well to see 2.25 more likley 2.0 , with their price coming in today at 2.18
this is for a small amount , and from reading before i understand the larger the amount the difference reduces.
just thought i would let you know i spoke with moneycorp and hifix this afternoon as i have just registered with them.
both agents thought we would do well to see 2.25 more likley 2.0 , with their price coming in today at 2.18
this is for a small amount , and from reading before i understand the larger the amount the difference reduces.
#182
BE Enthusiast
Joined: May 2007
Location: Liversedge, West Yorkshire, England
Posts: 304
Re: Exchange rate
hi
just thought i would let you know i spoke with moneycorp and hifix this afternoon as i have just registered with them.
both agents thought we would do well to see 2.25 more likley 2.0 , with their price coming in today at 2.18
this is for a small amount , and from reading before i understand the larger the amount the difference reduces.
just thought i would let you know i spoke with moneycorp and hifix this afternoon as i have just registered with them.
both agents thought we would do well to see 2.25 more likley 2.0 , with their price coming in today at 2.18
this is for a small amount , and from reading before i understand the larger the amount the difference reduces.
#183
BE Forum Addict
Joined: Apr 2005
Posts: 4,842
Re: Exchange rate
If what you say is true why in the name of god am I landing in Ottawa when it's Alberta I should be heading.
#184
Re: Exchange rate
Taken from the Telegraph website
"City experts yesterday warned that the Bank of England may follow yesterday's quarter percentage point increase in interest rates with another hike, as fresh figures showed one in three new pay deals is worth more than 4pc.............................Economists warned that there was an increasing chance that the Bank will lift borrowing costs again to 5.75pc, although this would become clearer next week after the publication of its latest Inflation Report."
So how would this effect the $$ per £?
Cheers,
Kenny
"City experts yesterday warned that the Bank of England may follow yesterday's quarter percentage point increase in interest rates with another hike, as fresh figures showed one in three new pay deals is worth more than 4pc.............................Economists warned that there was an increasing chance that the Bank will lift borrowing costs again to 5.75pc, although this would become clearer next week after the publication of its latest Inflation Report."
So how would this effect the $$ per £?
Cheers,
Kenny
#185
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Joined: Feb 2007
Posts: 2,710
Re: Exchange rate
Ahh, ignore him for the moment, he's having a bad day.
Anyway, enough of this tribalism, can we go back to my post on Canadian oil and how long it's going to last? Much more interesting.
<<So what's the timeline, given the information available, for Canadian oil supplies to dwindle to a trickle and set off economic calamity? There was an article in the Enomomist a while ago (maybe years, I can't remember) that cited 2012 to be the year of impending doom for oil exporting countries.>>
I'm just worried for the poor people in Alberta.
Anyway, enough of this tribalism, can we go back to my post on Canadian oil and how long it's going to last? Much more interesting.
<<So what's the timeline, given the information available, for Canadian oil supplies to dwindle to a trickle and set off economic calamity? There was an article in the Enomomist a while ago (maybe years, I can't remember) that cited 2012 to be the year of impending doom for oil exporting countries.>>
I'm just worried for the poor people in Alberta.
Gryphea
Gryphea
#186
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Joined: Feb 2007
Posts: 2,710
Re: Exchange rate
I was talking both, I was reading that Canada is second only to Saudi Arabia in the oil reserve stakes. But this includes the Alberta sands where the extraction/production is expensive and difficult in relation to the former. So I'm not sure why someone would give 2012 as a year for expected oil reserve depletion to occur.
If what you say is true why in the name of god am I landing in Ottawa when it's Alberta I should be heading.
If what you say is true why in the name of god am I landing in Ottawa when it's Alberta I should be heading.
Here is a reasonable assessment.
http://en.wikipedia.org/wiki/Athabasca_Tar_Sands
Reserves depend upon ease/cost of extraction, so if new methods of recovery are devised instantly the reserves can go up instantly
#187
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Joined: Aug 2005
Location: Was Brentwood, Essex Now Wasaga Beach, Ontario
Posts: 895
Re: Exchange rate
if you have GBP£ to change into CAD$ you want either BOE to keep hiking rates or Bank of Canada to cut rates.
#188
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Joined: Apr 2005
Posts: 4,842
Re: Exchange rate
Here is a reasonable assessment.
http://en.wikipedia.org/wiki/Athabasca_Tar_Sands
Reserves depend upon ease/cost of extraction, so if new methods of recovery are devised instantly the reserves can go up instantly
http://en.wikipedia.org/wiki/Athabasca_Tar_Sands
Reserves depend upon ease/cost of extraction, so if new methods of recovery are devised instantly the reserves can go up instantly
#189
Joined: Apr 2005
Posts: 9,606
Re: Exchange rate
A lot longer than 2012. They have huge reserves (I am a geologist so not based entirely on fiction), but I think (and I could be wrong- I often am) whether or not they count as reserves at any particular time depends upon the price per barrel at the time, as oil is costly to extract from the sands. However as a secure non middle eastern supplier to the US I would think their (the oil reserves) future is fairly secure. I have however heard mutterings (from mate at Shell who was talking about gas) that Alberta (or maybe Canada) may put some sort of extra tax which makes the market insecure for them for investment
Gryphea
Gryphea
Gryphea
Gryphea
#190
Re: Exchange rate
Or else just exchange some of the money to minimize the risk
#192
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Joined: Aug 2005
Location: Was Brentwood, Essex Now Wasaga Beach, Ontario
Posts: 895
Re: Exchange rate
i would agree with that aswell.
#195
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Joined: Jan 2007
Posts: 386
Re: Exchange rate
I am like a moth with a nice bright light......