British Expats

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

Iain Mc Nov 7th 2007 3:41 pm

Re: Exchange rate
 
Pressure on Bank of Canada to chop rates... link.

Danny B Nov 8th 2007 2:29 am

Re: Exchange rate
 
No change on the UK rate http://news.bbc.co.uk/1/hi/business/7084832.stm

Iain Mc Nov 8th 2007 6:25 am

Re: Exchange rate
 
...which has knocked the rate up into the 1.97s as a drop was already half priced in.

Might move some over tomorrow.

Member123 Nov 8th 2007 9:45 am

Re: Exchange rate
 
We moved money this morning and I am now unsubscribing from this thread as I just know it will become too depressing.

So goodbye my friends....i have to go:rofl:

geedee Nov 9th 2007 3:56 pm

Re: Exchange rate
 

Originally Posted by The TWs (Post 5518369)
I'm in a massive panic now. We have just bought a house in BC and need to have the funds transferred by Dec 13th. Had a call from Schneiders and our guy reckons it will hit $1.85 this week (he figures on a BOE rate cut).

We were banking on $1.99 and I have no idea what to do. We made all our moving calculations on a $2.2 rate of exchange and I'm devastated we didn't buy before - feel paralysed by the decision....

Any of you finance peeps have any more insight? Feel like I need to decide right now... too much pressure...

xperts.... doncha jus luvvem:lol:

Iain Mc Nov 13th 2007 4:10 am

Re: Exchange rate
 
Well, to flog this old horse yet again, just this very second I've seen the pound nosing over $2.00 CDN on the interbank rates, most welcome for those still with money to move / waiting on house sales.

:thumbup:

Member123 Nov 13th 2007 4:57 am

Re: Exchange rate
 
:(

Originally Posted by Iain Mc (Post 5549932)
Well, to flog this old horse yet again, just this very second I've seen the pound nosing over $2.00 CDN on the interbank rates, most welcome for those still with money to move / waiting on house sales.

:thumbup:

We locked in at the start of last week at 1.9330 with Moneycorp...isn't that hilarious:curse: Daren't tell you for how much though

Lucky we still have about £18k to exchange.

fuschiagirl Nov 13th 2007 6:41 am

Re: Exchange rate
 

Originally Posted by Alvic (Post 5550091)
:(

We locked in at the start of last week at 1.9330 with Moneycorp...isn't that hilarious:curse: Daren't tell you for how much though

Lucky we still have about £18k to exchange.

Alvic - thought you had unsubscribed from this thread:confused: Mind you, if it was me then I would have to have had a look - suckers for punishment aren't we?

Jo

Member123 Nov 13th 2007 6:59 am

Re: Exchange rate
 

Originally Posted by skiboy10 (Post 5550490)
Alvic - thought you had unsubscribed from this thread:confused: Mind you, if it was me then I would have to have had a look - suckers for punishment aren't we?

Jo

I know:eek: I keep shouting at OH for checking his daily exchange rate and look at me:rofl:

manghams Nov 14th 2007 4:01 am

Re: Exchange rate
 

Originally Posted by Alvic (Post 5550091)
:(

We locked in at the start of last week at 1.9330 with Moneycorp...isn't that hilarious:curse: Daren't tell you for how much though

Lucky we still have about £18k to exchange.


We locked in same day, same rate, with Moneycorp - they must love this site, we locked in the whole lot!!! :thumbdown:
Hubby now pacing, cursing and complaining..:curse::mad:...
Oh please save me from this eternal torture. :cry_smile:
This house sale still has not completed, I am wondering if it will EVER? :unsure:
I keep telling my self not to look at the rate, but its really becoming an addiction. :ohmy:

Member123 Nov 14th 2007 6:20 am

Re: Exchange rate
 

Originally Posted by manghams (Post 5554161)
We locked in same day, same rate, with Moneycorp - they must love this site, we locked in the whole lot!!! :thumbdown:
Hubby now pacing, cursing and complaining..:curse::mad:...
Oh please save me from this eternal torture. :cry_smile:
This house sale still has not completed, I am wondering if it will EVER? :unsure:
I keep telling my self not to look at the rate, but its really becoming an addiction. :ohmy:

It really is an addiction looking at the rate...its devastating though:(

Howard1944 Nov 14th 2007 6:47 am

Re: Exchange rate
 
Alvic, buy your car in the US, that will help with any shortfall, plus future prices for TV's etc will be lower.

I am ecstatic about the current rates, I labored with $2.45 and with $1.40 to the U.S., turnaround is fair play.:rofl:

Member123 Nov 14th 2007 6:49 am

Re: Exchange rate
 

Originally Posted by Howard1944 (Post 5554706)
Alvic, buy your car in the US, that will help with any shortfall, plus future prices for TV's etc will be lower.

I am ecstatic about the current rates, I labored with $2.45 and with $1.40 to the U.S., turnaround is fair play.:rofl:

Thanks Howard for the advice....can you just go over the border and purchase a car and drive it back into Canada. Are there duties etc to be paid on it?

Tangram Nov 14th 2007 10:24 am

Re: Exchange rate
 

Originally Posted by Alvic (Post 5554715)
Thanks Howard for the advice....can you just go over the border and purchase a car and drive it back into Canada. Are there duties etc to be paid on it?

Yes there are. It isnt as straight forward as crossing and coming back with the car.

Posidrive Nov 14th 2007 11:23 am

Re: Exchange rate
 

Originally Posted by Alvic (Post 5554715)
Thanks Howard for the advice....can you just go over the border and purchase a car and drive it back into Canada. Are there duties etc to be paid on it?

You also need to do a bit of research about which dealers will sell to you if they know that the car is going to Canada. Honda and a few others have a class action agaisnt them for threatening to remove the dealerships if cars are knowingly sold in the US with a final destination in Canada.


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