British Expats - Exchange rate

Looking at the exchange rate for the last 12 month the last 2 months have been the most stable fluctuating between 1.75 and 1.85 so give a good chance of achieving 1.80 in the short term near future is a reasonable target.

geedee

Mar 31st 2009 2:37 pm

Re: Exchange rate

Quote:

Originally Posted by scottymallo (Post 7440402)

Thanks Scotty. So 2.35 is out then?
:lol:

scottymallo

Mar 31st 2009 2:57 pm

Re: Exchange rate

Quote:

Originally Posted by geedee (Post 7440451)

Thanks Scotty. So 2.35 is out then?
:lol:

looks like it!!! I'd be chuffed if we got $1.90 again this year. It's a bugger getting paid in Â£s living in Canada. Got to take the rough with the smooth i guess.

Souvenir

Mar 31st 2009 11:56 pm

Re: Exchange rate

Quote:

Originally Posted by scottymallo (Post 7440490)

looks like it!!! I'd be chuffed if we got $1.90 again this year. It's a bugger getting paid in Â£s living in Canada. Got to take the rough with the smooth i guess.

Too f*****g right! In annualised terms, my dollar income for 2009 will be below that for 2006, despite an increase in salary of Â£10,000.:(

paolosmythe

Apr 1st 2009 12:03 am

Re: Exchange rate

for me, my (many times) daily point of info comes from www.advfn.com

they have many graphs.... the one i use (in conjunction with the live update) is the 12 monthly.

but looking to the 5 yearly, it is clear what the trend is.:thumbdown:

today it is nice to say it is up to $1.82, having been sub $1.80 for some time.

for me, my best case scenario is to hit the magic toonie..... but hell, things such as these are not what life's choices ought to be based upon.

Alan2005

Apr 1st 2009 6:44 am

Re: Exchange rate

Quote:

Originally Posted by Novocastrian (Post 7440346)

Why tut, tut? Chris whatsisname is/was a perfect example of the practitioners of all the mumbojumbo which has got us (at least some of us, not me thank dog) into this horrendous mess.

Disagree, not sure you can blame this mess on FX traders, the FX market is one of the most efficient out there. The "mess" was caused in by default risk being priced way to cheaply in the debt markets (I suspect that history will blame Greenspan)

As for the FX rate - there have been a couple of uk government bond issues recently. The 40 year one failed (a worrying sign), however following that an index linked gilt was heavily over-subscribed. To me, this would indicate that the market thinks inflation will push up interest rates at some point - thus pushing up demand for GBP (this is my reading of it, naturally it could be a load of crap as I'm not an FX expert)

mclauchlan35

Apr 2nd 2009 1:19 am

Re: Exchange rate

Looked a little healthier this morning at just below 1.84 no doubt will head back down just shortly.

paolosmythe

Apr 2nd 2009 3:10 am

Re: Exchange rate

it got a few hundredth of a cent over 1.84 today.....
go on you beauty, only another 16 cents to go before i cash in my chips:rofl:

incidentally, has anybody contacted moneycorp about changing their dosh, only to regret it due to the phone calls and e-mails it provokes out of them....?

Edna Bucket

Apr 2nd 2009 5:31 am

Re: Exchange rate

Quote:

Originally Posted by paolosmythe (Post 7445356)

incidentally, has anybody contacted moneycorp about changing their dosh, only to regret it due to the phone calls and e-mails it provokes out of them....?

I wouldn't ever deal with moneycorp again after they really screwed up one of my transactions by taking FOREVER :frown:

nikki dreaming

Apr 2nd 2009 6:30 am

Re: Exchange rate

Quote:

Originally Posted by paolosmythe (Post 7445356)

yes they badgered me a lot:curse: friendly enough people but got on my nerves, ended up using HIFX, carried out 2 transactions, no probs, 2 working days to reach bank account in Canada:thumbup:

andrewrb143

Apr 3rd 2009 2:57 am

Re: Exchange rate

deleted

The4BellsLondon

Apr 3rd 2009 9:57 am

Re: Exchange rate

I used MC and they were fine - in bank next day!!

geedee

Apr 3rd 2009 4:49 pm

Re: Exchange rate

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