Exchange Rate

Old Apr 9th 2018, 7:26 pm
  #91  
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Default Re: Exchange Rate

Just as we started hoping that GBP was gaining some momentum against the CAD, the latter is already seemingly back on track (probably) thanks to NAFTA. Good news for some, not so good for other I guess.
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Old Apr 11th 2018, 10:48 pm
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Default Re: Exchange Rate

I was planning to change a lot of money next week. Really hope the rate picks up
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Old May 3rd 2018, 2:32 am
  #93  
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Default Re: Exchange Rate

After making several consecutive monthly transfers from the UK, I didn't need to do one at the beginning of April.

I want to do one again in the next few days, so naturally the £ is worth 10c less than it was
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Old May 10th 2018, 11:40 am
  #94  
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Default Re: Exchange Rate

Originally Posted by BristolUK
After making several consecutive monthly transfers from the UK, I didn't need to do one at the beginning of April.

I want to do one again in the next few days, so naturally the £ is worth 10c less than it was

More Bad news for people wanting to convert sterling into Canadian dollars....
Bank of England held interest rates at 0.5% and reduced growth in 2018 to 1.4% from 1.8%
Looks like the high for the year back in March 2018 at $1.84 is the best we will see, especially with oil heading north and looking like it will hit $80 in the second half of 2018.

Sterling price range $1.68-$1.90 now reduced to $1.62-$1.84 for 2018

Currently £1=$1.73


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Old May 10th 2018, 12:24 pm
  #95  
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Default Re: Exchange Rate


We got 1.54 in 2011 so still better than when we came over!


Originally Posted by glendem4



More Bad news for people wanting to convert sterling into Canadian dollars....
Bank of England held interest rates at 0.5% and reduced growth in 2018 to 1.4% from 1.8%
Looks like the high for the year back in March 2018 at $1.84 is the best we will see, especially with oil heading north and looking like it will hit $80 in the second half of 2018.

Sterling price range $1.68-$1.90 now reduced to $1.62-$1.84 for 2018

Currently £1=$1.73


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Old Jun 28th 2018, 2:05 pm
  #96  
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Default Re: Exchange Rate

Transferwise has reduced the costs to convert EUR to CAD.
Old rate was 0.5% + €2
New rate is €0.50 + 0.4%

So if you send €10,000 , it was cost €40.34 instead of €49.75

Sterling had a mini bounce from 1.71 upto 1.77 this month, but it is sliding again

Current exchange is 1.74.
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Old Oct 13th 2018, 2:22 am
  #97  
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Default Re: Exchange Rate

Originally Posted by glendem4



More Bad news for people wanting to convert sterling into Canadian dollars....
Bank of England held interest rates at 0.5% and reduced growth in 2018 to 1.4% from 1.8%
Looks like the high for the year back in March 2018 at $1.84 is the best we will see, especially with oil heading north and looking like it will hit $80 in the second half of 2018.

Sterling price range $1.68-$1.90 now reduced to $1.62-$1.84 for 2018

Currently £1=$1.73


Been awhile since I updated the exchange rate. The high back in March was $1.84 and recent low was $1.66. Brexit negotiations are reaching a critical stage. Any positive news could boost sterling. Sterling is slowly recovering with higher highs this year compared to last year. Threat of a hard Brexit could see sterling dropping back below $1.66
Currently £1=$1.71
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Old Nov 5th 2018, 5:58 pm
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Default Re: Exchange Rate

I need to move some GBP to CAD. Rate currently is 1.7 and wondering if the rate is likely to move to 1.8 any time soon ?

Last edited by spaceace; Nov 5th 2018 at 6:00 pm.
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Old Nov 5th 2018, 6:12 pm
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Default Re: Exchange Rate

Originally Posted by spaceace
I need to move some GBP to CAD. Rate currently is 1.7 and wondering if the rate is likely to move to 1.8 any time soon ?
That's anybodies guess. And if you are in Canada there is CGT on any currency gain.
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Old Nov 5th 2018, 7:41 pm
  #100  
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Default Re: Exchange Rate

Yeah I know it's all over the place...I should flip a coin
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Old Nov 6th 2018, 8:48 pm
  #101  
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Default Re: Exchange Rate

The currency markets are sniffing their maybe a break through in Brexit negotiations this month, as the exchange rate has moved rapidly from 1.67 to 1.72 in the last few days. The currency pair has traded in a tight range for the last 12 months between 1.66 and 1.84. I am hoping to see 1.91 in 2019 and perhaps £1=$2 in 2020. The Bank of Canada are head of the curve with interest rates up to 3% in 2019. BoE will probably try to push interest rates up to 1.5% next year and keep rising by 0.25% every quarter, only reaching 3% by 2021.
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Old Nov 7th 2018, 4:49 pm
  #102  
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Default Re: Exchange Rate

Originally Posted by glendem4
I am hoping to see 1.91 in 2019 and perhaps £1=$2 in 2020.
For this to happen there has to be a serious dip in the Canadian dollar. Last time we saw £1=$2 it was in late 2015 which was of course due to strong GBP (driven by the speculation of a 'Remain' vote) but was equally due to fall of the CAD (driven by the downturn in oil markets).

So do you anticipate something like that happening again?
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Old Nov 14th 2018, 7:15 pm
  #103  
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Default Re: Exchange Rate

Cabinet agree Brexit proposal. PM says it is this deal, no deal or no Brexit. Could we be looking at a possibility that Brexit will never happen. Pound reacted positively.
£1= $1.725
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Old Nov 19th 2018, 9:15 am
  #104  
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Default Re: Exchange Rate

Originally Posted by glendem4

For people moving to Canada from UK let's hope Brexit issues get resolved soon, otherwise the £ could be weak for another 2-3 years like it was from 2009-2013
You will not see a huge change if you relocate and are spending the majority of your salary within the UK.
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Old Dec 25th 2018, 6:58 pm
  #105  
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Default Re: Exchange Rate

Its a sad thing to be looking at on Christmas Day, but the pound seems to be on a roll against the Canadian dollar. Can’t think why ...
Latest rate is 1.768.

A Happy Christmas to all!


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