Exchange rate
Sep 18th 2007, 7:42 am
#541
spring is coming yeha
Joined: Oct 2005
Location: wasaga beach ont
Posts: 494
Re: Exchange rate
Well the fed cut the rate by .50 bp (hope thats the correct terminology) do any aspiring Gordon Geckos(sp?) have any idea how that may affect the exchange rate if at all? Its still going down I thought it might have gone up just a little bit or should I just shut up and stay out of it !!! 
Hasn't moved yet thoughSteve
Sep 18th 2007, 7:43 am
#542
Immigration Consultant
Joined: Jun 2007
Location: Halifax, Nova Scotia
Posts: 2,144
Re: Exchange rate
Well the fed cut the rate by .50 bp (hope thats the correct terminology) do any aspiring Gordon Geckos(sp?) have any idea how that may affect the exchange rate if at all? Its still going down I thought it might have gone up just a little bit or should I just shut up and stay out of it !!!
It looks like its heading towards 2.03something....
Sep 18th 2007, 7:51 am
#543
Tea Drinker
Thread Starter
Joined: Nov 2006
Location: Kamloops, BC
Posts: 5,387
Sep 18th 2007, 7:54 am
#544
Immigration Consultant
Joined: Jun 2007
Location: Halifax, Nova Scotia
Posts: 2,144
Re: Exchange rate
I think that might be a rate that hasn't been updated. See yahoo for real-time rates... http://ca.finance.yahoo.com/currency...submit=Convert
Its. 2.0393 now
Its. 2.0393 now
Sep 18th 2007, 7:58 am
#545
BE Enthusiast
Joined: Aug 2005
Location: Was Brentwood, Essex Now Wasaga Beach, Ontario
Posts: 895
Re: Exchange rate
sorry been really busy tonight. yes the Fed cut by 50bp as i said i hoped last week....however last couple of days everyone within the markets been saying they could only do 25bp, had me wondering if i had read things wrong. If it wasn't for the on going crisis within the UK banking sector this would be very positive for the rate....however at the moment it doesn't matter what happens elsewhere, the weakness is in sterling and will continue to be the case for at least a couple of weeks. Blame Northern Rock!!!
Chris
Chris
Last edited by cneldred; Sep 18th 2007 at 8:11 am. Reason: to attribute blame to NR.
Sep 18th 2007, 8:01 am
#546
Sawdust making harpy
Joined: Sep 2007
Location: Alberta
Posts: 11,291
Re: Exchange rate
When I grow up I want to be financially savvy like Chris instead of painting piccies on cars!!!!! Cheers for the reply!
Sep 18th 2007, 11:49 am
#547
Lowering the tone
Joined: Mar 2007
Location: Here and there
Posts: 7,429
Re: Exchange rate
Hey, no matter how bad things seem, remember some people are much worse off than you... I have just seen this remarkable headline on the BBC website's business page:
"Zimbabwean inflation falls to 6,592.8%"
"Zimbabwean inflation falls to 6,592.8%"
Sep 18th 2007, 9:26 pm
#548
BE Forum Addict
Joined: Apr 2005
Posts: 4,842
Re: Exchange rate
2.03 and falling, we're supposed to be out there next week and buying and taking over a house.
Oh well, body selling time...
HWP's, can you lend me a fiver till next Wednesday?
Oh well, body selling time...
HWP's, can you lend me a fiver till next Wednesday?
Sep 19th 2007, 12:24 am
#549
Immigration Consultant
Joined: Jun 2007
Location: Halifax, Nova Scotia
Posts: 2,144
Re: Exchange rate
2.024
Sep 19th 2007, 12:32 am
#550
Sawdust making harpy
Joined: Sep 2007
Location: Alberta
Posts: 11,291
Re: Exchange rate
I am so glad that we haven't sold the house yet, and luckily for the sake of working thigs out in my head costwise for when we go in October I just use 2 to 1 so not overly worried there.
Sep 19th 2007, 1:57 am
#551
Seasoned Maritimer
Joined: Jun 2005
Location: Fredericton, New Brunswick CA
Posts: 8,309
Re: Exchange rate
Exactly what we did a few months ago. Did the budget on $2 and anything above that went towards new TV etc. Seemed the safest way of doing it.
Sep 19th 2007, 2:09 am
#552
Immigration Consultant
Joined: Jun 2007
Location: Halifax, Nova Scotia
Posts: 2,144
Re: Exchange rate
You got something like 2.08 as I recall - so what TV did you get!? Did you go for the 60" Plasma? (they had a very nice one in Costco the other day)
Sep 19th 2007, 4:25 pm
#553
Tea Drinker
Thread Starter
Joined: Nov 2006
Location: Kamloops, BC
Posts: 5,387
Re: Exchange rate
OMG it's down to 2.02 now
Sep 19th 2007, 4:34 pm
#554
BE Forum Addict
Joined: Apr 2005
Location: Saskatoon, Saskatchewan
Posts: 4,104
Re: Exchange rate
There was an interesting post on another site today with a City guy predicting a big sell-off of speculative interest in the Canadian dollar once it hits 1:1 with the US dollar. Certainly I think it's overvalued right now, though that's no guarantee it won't rise even further against the pound in the next few months!
Sep 19th 2007, 5:58 pm
#555
BE Forum Addict
Joined: Apr 2005
Posts: 4,842
Re: Exchange rate
You're not thinking of pulling out from your sale already are you Howard?
