Raymate

Me too lets hope it goes up

steved61

BOO HOO BOO HOO


We have just transferred our money we got 1.9514

We just couldn't wait any longer, i really hope the rate goes up for you.

Steve

geedee

Don't worry.... you may be smiling in 3 months when it's 1.50!!

steved61

very good point thanks for bringing a smile to my face

steve

Danny B

Ouch, $1.95 is awful, was that through a broker?

steved61

Yep checked with moneycorp, ukforex and HIFX. UKforex had highest rate but went with moneycorp after they matched rate.

Now taken off desktop feed with exchange rate and cancelled all subscriptions for exchange rate info. Don't really want to watch it go up now and realise what i have lost.

But on the plus side money is now there so house can complete on 15th and we will be moving over on 28th

steve

boro97

Try customhouse they give the best rate

rach_woz99

Please forgive my ignorance, I don't know much about economics!

Could someone advise where the exchange rate is thought to be going in say the next 6-12 months? We luckily bought our house in NS earlier in the year and got $2.12, which upset us then from $2.30, but phew! knowing what we know now.

We can afford to hold on for some time, or just change enough to keep us going and I know it's far from an exact science to predict, but mid-long term predictions would be a great help!

Thanks
Rachel

Biiiiink

If the professionals can't guess currency movement, we certainly can't

Steve_P

If anyone is able to do this, my guess is they wouldn't be telling the rest of us how to do it.

Iain Mc

Well, it's meant us being limited to one car rather than two. I guess that's not the end of the world and hey, we're here.

At least we're not moving US dollars!

zmartin

Shut up!!!!

cneldred

you will be lucky to see much above 2.05 in the next 6-9 months. I do think it will pop back above 2.00, but on the downside if it goes thro 1.90 then it ain't coming back for quite some time.

geedee

There are those that say the Pound is way overvalued, being strong because of UK house price inflation and good interest rates (for savers), and that it is due a "sharp" correction as the economic fundamentals are rubbish. No, I don't know what they're on about either!

There are also those that say with the Loonie being so strong, it is going to hurt the Canadian economy, because people from abroad can no longer afford to buy stuff here (heard on the radio last week 700+ jobs lost at some plant or other due to a dramatic drop in orders). Therefore they are going to have to "correct" too, maybe by lowering interest rates.

Bottom line.... flip a coin!

geedee

If it's any conslolation, I'm hurting too!