British Expats
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British Expats (https://britishexpats.com/forum/)
-   Canada (https://britishexpats.com/forum/canada-56/)
-   -   Exchange rate (https://britishexpats.com/forum/canada-56/exchange-rate-442788/)

Tangram Sep 20th 2007 5:52 am
Re: Exchange rate
 
Originally Posted by steve666 (Post 5334632)
We've gone too far now to stop, we're going over in a week, wife comes back to wait for the house sale and I have no idea at the moment how much we're going to have left. Given up planning now just wing it till we settle down.
Think that's what you have to do and when the smoke clears ... see the lay of the land.

Oakvillian Sep 20th 2007 6:17 am
Re: Exchange rate
 
Originally Posted by steve666 (Post 5335181)
Canadian dollar ony a cent away from parity with the U.S. Dollar...
Poodles to it.
The Loonie broke parity for a short time this morning: just before 11.00 ET it was trading at 1.0003, according to the CBC report here - it dropped below parity again shortly afterwards.

Paul Wildy Sep 20th 2007 7:09 am
Re: Exchange rate
 
Originally Posted by Oakvillian (Post 5335326)
The Loonie broke parity for a short time this morning: just before 11.00 ET it was trading at 1.0003, according to the CBC report here - it dropped below parity again shortly afterwards.
When was the last time they were at par? I guess Howard1944 is right - now is a good time to buy a condo in Florida. Pitty I don't like Florida that much. Or condos.

ann m Sep 20th 2007 7:20 am
Re: Exchange rate
 
Originally Posted by benjy (Post 5334555)
MMM,
. We planned ahead and "booked" a rate with Halo Financial at 2.14....weeks before, so all was well I thought, ... How wrong were we....because of his big fat spread the order didn't trigger, nor did they ring ang guess what we didn't get our money....
Have you seriously got no recourse with this benjy? :eek:

I thought they were called forward "contracts" !!

That's pretty 'pooh', she said politely ....

steve666 Sep 20th 2007 7:21 am
Re: Exchange rate
 
I have to exchange a large amount for the house over there, it has to be done either Friday (tomorrow) or Monday, what ssshhhhall I do...does it even matter?

Steve_P Sep 20th 2007 7:22 am
Re: Exchange rate
 
Originally Posted by NSpaul (Post 5335536)
When was the last time they were at par?
November 1976.

Danny B Sep 20th 2007 7:25 am
Re: Exchange rate
 
Originally Posted by NSpaul (Post 5335053)
My guess would be though (and this is pure speculation!) that although you paid 8 times salary you don't live in an "average" house? Photo please?
It's average by Canadian standards but luckily for me the equity in my UK home paid for 85% of it, so my mortgage payments are relative to my salary.

Here is a pic http://www.sidtech.co.uk/iu/dblanchfield45849239951.jpg

steve666 Sep 20th 2007 7:33 am
Re: Exchange rate
 
Originally Posted by Danny B (Post 5335604)
It's average by Canadian standards but luckily for me the equity in my UK home paid for 85% of it, so my mortgage payments are relative to my salary.

Here is a pic http://www.sidtech.co.uk/iu/dblanchfield45849239951.jpg
Dan! Where have your cars gone!
That's a beauty of a house, what views do you have from the front?
(Oops, getting away from the gist of the thread again).

Paul Wildy Sep 20th 2007 7:34 am
Re: Exchange rate
 
Originally Posted by Danny B (Post 5335604)
It's average by Canadian standards but luckily for me the equity in my UK home paid for 85% of it, so my mortgage payments are relative to my salary.

Here is a pic http://www.sidtech.co.uk/iu/dblanchfield45849239951.jpg
Oh Danny you're too modest!

Paul Wildy Sep 20th 2007 7:37 am
Re: Exchange rate
 
Originally Posted by steve666 (Post 5335620)
Dan! Where have your cars gone!
That's a beauty of a house, what views do you have from the front?
(Oops, getting away from the gist of the thread again).
Yeah, its like one of those magic photos that responds in real-time to the exchange rate. When it hits 1.98 the landscaping will dissapear.

Steve, you know what I'm talking about don't you. Have you looked at the photo of your house lately?

Danny B Sep 20th 2007 7:44 am
Re: Exchange rate
 
Originally Posted by steve666 (Post 5335620)
Dan! Where have your cars gone!
That's a beauty of a house, what views do you have from the front?
(Oops, getting away from the gist of the thread again).
That was taken from the inside of my hire car back in July before I had bought any vehicles. In fact that's the photo I sent home to my Wife showing her the house that *I* had bought whilst she was still in the UK!

I'll post a pic tonight of the view to the front as they are on my home pc and I'm at work now supposed to be working ;)

steve666 Sep 20th 2007 7:50 am
Re: Exchange rate
 
Originally Posted by NSpaul (Post 5335637)
Yeah, its like one of those magic photos that responds in real-time to the exchange rate. When it hits 1.98 the landscaping will dissapear.

Steve, you know what I'm talking about don't you. Have you looked at the photo of your house lately?
OMG have I lost 3 reception rooms 2 bedrooms and quarter of an acre!
:)

benjy Sep 20th 2007 7:50 am
Re: Exchange rate
 
Originally Posted by ann m (Post 5335585)
Have you seriously got no recourse with this benjy? :eek:

I thought they were called forward "contracts" !!

That's pretty 'pooh', she said politely ....
We are looking into this, as soon as we sort things out...I'll have to read the small print!!!

steve666 Sep 20th 2007 7:52 am
Re: Exchange rate
 
Originally Posted by Danny B (Post 5335653)
I'll post a pic tonight of the view to the front as they are on my home pc and I'm at work now supposed to be working ;)
Yes, I did think you were at work:) How far away are you from home?
Ok tell me later otherwise I'll only get into trouble again from the thread police.

Paul Wildy Sep 20th 2007 7:57 am
Re: Exchange rate
 
Originally Posted by steve666 (Post 5335588)
I have to exchange a large amount for the house over there, it has to be done either Friday (tomorrow) or Monday, what ssshhhhall I do...does it even matter?
serriously though, isn't you best bet to try and borrow the money in Canadian funds (even from a UK institution if you cant get the loan in Canada) so you don't have to convert? Then pay-off the loan when the rate is better and you've sold your house? If you have funds in pounds use it to pay down your UK mortgage so that you are able to borrow dollars instead?


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