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Re: Exchange rate
I have used HIFX for a few transfers but found them to be a little pricey also they seem ok when I was moving 250K to the US but when i want to move 5K they sort of couldn't be bothered. So for anyone that is moving USD or USDCAD I used this company that has office in NYC called Piagi just for peoples guide very good, quick and treated me like i was a there only client. Kept me up to date and i move my last lots of USd 4 weeks ago above 1.60 now its 1.49's so well please with them. www.piagi.com
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Re: Exchange rate
Alan 2005 = re the announcement it was on the evening news here in Canada
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Re: Exchange rate
Originally Posted by Deva
(Post 8413351)
Oanda started off providing exchange rate information and then launched a forex trading platform (FXTrade) in 2001. I have been trading forex with Oanda since 2003.
The money transfer service is comparatively recent and uses the same underlying system as FXTrade. I'm willing to bet that some of the currency exchange companies use FXTrade to make their transactions. The routine is very simple: 1 - Earn income in GBP 2 - Each week move GBP from my UK bank account to my Oanda GBP account 3 - Each day around the same time log in and transfer £xxxx from my Oanda GBP account to my Oanda CAD account 4 - Weep 5 - Initiate a transfer to my Canadian bank when I have enough in my CAD account to justify the transfer fee (US$25) The rate I get is, of course, whatever it happens to be at the time. I try not to think about it. I signed up to HiFx about a month ago but when you compare the rates its a huge difference:blink: I'm glad I haven't used HiFx yet but I do know unless its above 30k the rate seems poor in my eyes but Oanda like you say it doesn't matter if its £1 or £100,000... Next time you have such useful information could you let us all know a bit earlier:sneaky: :rofl: Karma definitely coming your way |
Re: Exchange rate
Not what those of us with money still in England wanted to hear::thumbdown:
http://ca.news.yahoo.com/s/capress/1...economy_dollar |
Re: Exchange rate
Originally Posted by danfolkestone
(Post 8428377)
Not what those of us with money still in England wanted to hear::thumbdown:
http://ca.news.yahoo.com/s/capress/1...economy_dollar |
Re: Exchange rate
Originally Posted by Bali2010
(Post 8428384)
:frown::thumbdown:
http://www.telegraph.co.uk/finance/e...ity-plans.html Moody's said the saving grace for both Britain and the UK is a good a track record of belt-tightening when necessary, and a tax and spending structure that makes it easier to whittle away the debt once recovery starts. Concerns about a hung Parliament in Britain appear overblown given the broad political consensus on the need for austerity. |
Re: Exchange rate
Why? I don't see where the article offers much hope/comment for the currency. Am I missing something?
Originally Posted by Alan2005
(Post 8428397)
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Re: Exchange rate
"Moody's said that the saving grace for both Britain and the UK ..." :confused:
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Re: Exchange rate
Originally Posted by Luckyone
(Post 8429159)
Why? I don't see where the article offers much hope/comment for the currency. Am I missing something?
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Re: Exchange rate
Originally Posted by Alan2005
(Post 8429957)
Some of the low valuation of GBP is the fear of a hung parliament. Moodys thinks the risks associated with this are over-stated and that efforts will be made to tackle debt even in this case. i.e. they think the UK will pay it's debts - this is good for GBP.
This is an interesting link from your original link. Seems as though the Germans are being criticised for being too successful. http://www.telegraph.co.uk/finance/c...t-surplus.html Also a good link into the blog linking the financial situation to a German term for a 180 degree turn derived from the battle of Jutland. http://blogs.telegraph.co.uk/finance...le-of-jutland/ Admiral Scheer’s High Fleet vanished into the mists within four minutes — his retreat covered by a torpedo attack and the “death ride†of four German battlecruisers that charged into Admiral Jellicoe’s guns in an act of supreme sacrifice. The actions saved the Imperial High Fleet. It has gone down in German history as the Gefechtskehrtwendung. I was unaware of this until it was brought to my attention by Commerzbank this morning in a note by their currency chief in Frankfurt, Ulrich Leuchtmann. He drew the parallel with the astonishing volte-face by German leaders yesterday in suggesting that Greece should go to the IMF for a rescue after all. “A Gefechtskehrtwendung is a 180-degree turn that saves you. I think this may save Germany from a bail-out that they don’t like, that they can’t sell to German voters, and that creates legal problems under the no-bail-out clause of Article 125 of the EU Treaties.†So in German culture it looks like a 180 degree turn can be viewed as a good thing saving you and quite acceptable. |
Re: Exchange rate
After the Asset/Mortgage Backed Securities debacle of 2007-2008 I personally wouldn't lay great store in anything a commercial credit agency writes. Their ratings during that period were, to say the least, pitiful.
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Re: Exchange rate
Originally Posted by Auld Yin
(Post 8430429)
After the Asset/Mortgage Backed Securities debacle of 2007-2008 I personally wouldn't lay great store in anything a commercial credit agency writes. Their ratings during that period were, to say the least, pitiful.
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Re: Exchange rate
Originally Posted by Alan2005
(Post 8430514)
Talk about throwing the baby out with the bathwater... You may follow the spurious logic that implies that because the ratings agencies did a poor job with MBS means that they will always do a poor job, however many institutions don't think that way. They will look at what they actually have to say before making investment decisions.
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Re: Exchange rate
Originally Posted by Novocastrian
(Post 8430535)
Smoke and mirrors, innit?
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Re: Exchange rate
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