Exchange Rate
Apr 9th 2018 | 7:26 am
#91
BE Forum Addict
Joined: Sep 2008
Posts: 1,471
From: Near the Northern Lights
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.
Apr 11th 2018 | 10:48 am
#92
Forum Regular
Joined: Feb 2017
Posts: 38
Re: Exchange Rate
I was planning to change a lot of money next week. Really hope the rate picks up 
May 2nd 2018 | 2:32 pm
#93
Oscar nominated
Joined: Jan 2008
Posts: 55,309
From: Moncton, NB, CANADA
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
I want to do one again in the next few days, so naturally the £ is worth 10c less than it was
May 9th 2018 | 11:40 pm
#94
Thread Starter
BE Enthusiast
Joined: Dec 2016
Posts: 417
From: St Catharines, Ontario From Bournemouth UK
Re: Exchange Rate
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
May 10th 2018 | 12:24 am
#95
BE Forum Addict
Joined: Nov 2009
Posts: 4,309
From: Somewhere in Hamilton, ON
Re: Exchange Rate
We got 1.54 in 2011 so still better than when we came over!
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
Jun 28th 2018 | 2:05 am
#96
Thread Starter
BE Enthusiast
Joined: Dec 2016
Posts: 417
From: St Catharines, Ontario From Bournemouth UK
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.
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.
Oct 12th 2018 | 2:22 pm
#97
Thread Starter
BE Enthusiast
Joined: Dec 2016
Posts: 417
From: St Catharines, Ontario From Bournemouth UK
Re: Exchange Rate
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
Currently £1=$1.71
Nov 5th 2018 | 5:58 am
#98
BE Forum Addict
Joined: Sep 2008
Posts: 1,111
From: NS
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 am.
Nov 5th 2018 | 7:41 am
#100
BE Forum Addict
Joined: Sep 2008
Posts: 1,111
From: NS
Re: Exchange Rate
Yeah I know it's all over the place...I should flip a coin
Nov 6th 2018 | 8:48 am
#101
Thread Starter
BE Enthusiast
Joined: Dec 2016
Posts: 417
From: St Catharines, Ontario From Bournemouth UK
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.
Nov 7th 2018 | 4:49 am
#102
BE Forum Addict
Joined: Sep 2008
Posts: 1,471
From: Near the Northern Lights
Re: Exchange Rate
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?
So do you anticipate something like that happening again?
Nov 14th 2018 | 7:15 am
#103
Thread Starter
BE Enthusiast
Joined: Dec 2016
Posts: 417
From: St Catharines, Ontario From Bournemouth UK
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
£1= $1.725
Dec 25th 2018 | 6:58 am
#105
Forum Regular
Joined: Jul 2015
Posts: 68
From: BC
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!
Latest rate is 1.768.
A Happy Christmas to all!
