Exchange rate

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Sep 20th 2007 | 5:52 am

#571

Tangram

Seasoned Maritimer

Joined: Jun 2005

Posts: 8,309

From: Fredericton, New Brunswick CA

Re: Exchange rate

Quote:

Originally Posted by steve666

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.

Sep 20th 2007 | 6:17 am

#572

Oakvillian

Magnificently Withering

Joined: Jan 2007

Posts: 6,908

From: Oakville, ON

Oakvillian has a reputation beyond repute

Re: Exchange rate

Quote:

Originally Posted by steve666

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.

Sep 20th 2007 | 7:09 am

#573

Paul Wildy

Immigration Consultant

Joined: Jun 2007

Posts: 2,144

From: Halifax, Nova Scotia

Paul Wildy has a reputation beyond repute

Re: Exchange rate

Quote:

Originally Posted by Oakvillian

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.

Sep 20th 2007 | 7:20 am

#574

ann m

Lost in BE Cyberspace

Joined: Jul 2006

Posts: 7,866

From: Cochrane, Alberta

Re: Exchange rate

Quote:

Originally Posted by benjy

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?

I thought they were called forward "contracts" !!

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

Sep 20th 2007 | 7:21 am

#575

steve666

BE Forum Addict

Joined: Apr 2005

Posts: 4,842

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?

Sep 20th 2007 | 7:22 am

#576

Steve_P

Joined: Jul 2005

Posts: 15,883

Steve_P is an unknown quantity at this point

Re: Exchange rate

Quote:

Originally Posted by NSpaul

When was the last time they were at par?

November 1976.

Sep 20th 2007 | 7:25 am

#577

Danny B

Thread Starter

Tea Drinker

Joined: Nov 2006

Posts: 5,387

From: Kamloops, BC

Re: Exchange rate

Quote:

Originally Posted by NSpaul

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

Sep 20th 2007 | 7:33 am

#578

steve666

BE Forum Addict

Joined: Apr 2005

Posts: 4,842

Re: Exchange rate

Quote:

Originally Posted by Danny B

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).

Sep 20th 2007 | 7:34 am

#579

Paul Wildy

Immigration Consultant

Joined: Jun 2007

Posts: 2,144

From: Halifax, Nova Scotia

Re: Exchange rate

Quote:

Originally Posted by Danny B

Oh Danny you're too modest!

Sep 20th 2007 | 7:37 am

#580

Paul Wildy

Immigration Consultant

Joined: Jun 2007

Posts: 2,144

From: Halifax, Nova Scotia

Re: Exchange rate

Quote:

Originally Posted by steve666

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?

Sep 20th 2007 | 7:44 am

#581

Danny B

Thread Starter

Tea Drinker

Joined: Nov 2006

Posts: 5,387

From: Kamloops, BC

Re: Exchange rate

Quote:

Originally Posted by steve666

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

Sep 20th 2007 | 7:50 am

#582

steve666

BE Forum Addict

Joined: Apr 2005

Posts: 4,842

Re: Exchange rate

Quote:

Originally Posted by NSpaul

OMG have I lost 3 reception rooms 2 bedrooms and quarter of an acre!

Sep 20th 2007 | 7:50 am

#583

benjy

Benjy

Joined: Mar 2007

Posts: 40

From: York to Bragg Creek on the 11th October

benjy is an unknown quantity at this point

Re: Exchange rate

Quote:

Originally Posted by ann m

Have you seriously got no recourse with this benjy?

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!!!

Sep 20th 2007 | 7:52 am

#584

steve666

BE Forum Addict

Joined: Apr 2005

Posts: 4,842

Re: Exchange rate

Quote:

Originally Posted by Danny B

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.

Sep 20th 2007 | 7:57 am

#585

Paul Wildy

Immigration Consultant

Joined: Jun 2007

Posts: 2,144

From: Halifax, Nova Scotia

Re: Exchange rate

Quote:

Originally Posted by steve666

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?