Exchange rates
 

Oz dollar has just gone through the 2 dollar barrier, how long before the can $ does the same?

Anyone wish to predict the Can$/£ exch rate in 6 months?

Re: Exchange rates
 

1.94 is my magic number.

A lot will depend on the BoE. The governor is saying today that interest rates my be increased earlier than expected. Or they may be cut further.

Make your bloody mind up mate!

Re: Exchange rates
 

1.95

Re: Exchange rates
 

Even better but 1.94 will make me happy, for a purely silly reason.

Re: Exchange rates
 

What's the reason?

Re: Exchange rates
 

I think the swing has been so profound that it will be 2.20+ by 1 August, the momentum is with sterling.

Re: Exchange rates
 

It will be something like the rounding of how many dollars he gets here for the sterling he is paid. Shall we guess at $5000 per month?

Re: Exchange rates
 

An extra comma.

Told you it was silly:o

Re: Exchange rates
 

"Momentum" is more a short term thing. Swings of that magnitude depend on major structural changes (the collapse of an economic sector for example).

Re: Exchange rates
 

:lol: bring on the silliness for Souvy.

Re: Exchange rates
 

Close.

1.9417 and a bit gets me the 7th digit.

It's just a game, like wanting my £ salary to be higher than my age. It has been at times. It's a dead heat at the moment. It won't be in a couple of weeks.

Re: Exchange rates
 

A lot of currency rates are hinging on the EU and Greece sorting out their debts, etc...plus the recent CHF debacle caused a lot of chaos in the FX markets...

Re: Exchange rates
 

Go the mighty pound.

Re: Exchange rates
 

About time!

Re: Exchange rates
 

Yes, been waiting for this for a while....at last it maybe time for me to consider selling my house in UK.

On the other hand a trip to the UK in October may have to be reconsidered. Swings and roundabouts....

Re: Exchange rates
 

Sell in October and gain from further property appreciation and a higher exchange rate.

Re: Exchange rates
 

I would presume much of the change is due to the falling price of oil sucking money out of Canada, and the Greek situation sucking money out of the Euro to 'safe' currencies like the pound. So it's hard to say which way the rate will go from here.

Re: Exchange rates
 

And then pay tax... They get you somewhere!!!!

Re: Exchange rates
 

I have no interest in the CAD vs GBP although it it goes up high, just means we won't be visiting the UK next summer as we have though of doing.

But the CAD is just losing too much against the USD which is where my concern is, looking like we are gonna be locked in Canada for a while if it keeps falling or doesn't go back up to the high 80's/low 90's again.

Re: Exchange rates
 

Unless you use the extra cash to buy RRSPs and cut your taxable income.

Re: Exchange rates
 

Mmm... I have to admit we haven't looked into that whole side of things yet.

Re: Exchange rates
 

It's well worth it (critical at my age). Do not let your bank talk you into GICs. Mutual funds are the way to go.

Re: Exchange rates
 

We will sort it out soon...we're both relatively older and have public pensions back in the UK. My husband will be a business soon when we get round to it and so will differ slightly again. I guess when I start working:fingerscrossed: I will be looking at that side of things... RRSP's etc.

But one step at a time;)

Re: Exchange rates
 

Spend your money in Canada like a good lad. Visit NL...it's close to the UK at least ;)

Re: Exchange rates
 

Wasn't it you with that young photo?

Re: Exchange rates
 

Yeah.....good genes!;)

Re: Exchange rates
 

Too expensive to travel within Canada. I'd love to see the Atlantic provinces, but the cost to just get there well makes it an impossible feat.

Just looked up fares for dates in September, Air Canada is cheapest. Round trip YVR to Halifax 1,922....:rofl:

It's very unlikely we will ever get to that part of Canada.


With a good exchange rate travel can be done pretty cheap south of the border, not so much in Canada, even driving costs a small fortune.

Re: Exchange rates
 

Yaaaaaay!

1.9431 at close of business.:thumbsup:

Re: Exchange rates
 

where did you get the rate from?

at Currency Converter | Foreign Exchange Rates | OANDA its 1.92822

a different rate at XE - The World's Trusted Currency Authority

Re: Exchange rates
 

My exchanger of choice is offering just a shade over 1.93

XE says 1.94 plus fractions of a cent

Re: Exchange rates
 

Yahoo UK finance.

Re: Exchange rates
 

BBC website has 1.9435.

Re: Exchange rates
 

I guess the 'buy' rate is different than the 'sell rate' or trading FX (pips) rate?

Re: Exchange rates
 

its all very confusing is this FX rate when all that I have figured out what I see on Yahoo or the BBC is the mid rate or the interbank rate

I look at real rates that we peon's have to buy & sell at

http://www.scotiabank.com/ca/en/0,,1118,00.html

TD Canada Trust Foreign Currency & Exchange Rates | TD Canada Trust

Foreign Exchange Currency Converter - RBC Royal Bank

Re: Exchange rates
 

Now at 1.95 and rising.....I understand why GREXIT might mean the mighty pound being up against the Euro, but why is it up against both US$ and CAN$...

Re: Exchange rates
 

I want an an answer to that question too. Looking at the charts for the last week, the £ seems to be gaining on the CAN$ even more than the Euro. I don't get it.

Re: Exchange rates
 

Remember this thread, getting there, perhaps need another month or two, 2.09 today!

Re: Exchange rates
 

It's simple...

The markets see potential in the UK recovery, even a possible increase in interest rates

They don't see much of a chance of change for Canada at the moment,

and its a trend that's been relatively constant for +2yrs now,
the UK pound has shown the similar but smaller type of improved value for same period against the euro, but has been a bit more stable against the USDollar and Swiss franc

Re: Exchange rates
 

But UK rates are constantly predicted to rise and never do. The latest forecast was by the CBI today, suggesting rates will rise in the first quarter of next year. It seems the market is chasing a willow-the-wisp.

Re: Exchange rates
 

Its better to follow a market that is predicted to rise albeit slowly than to follow one that seen to be falling...

Canada's central bank has reduced its overnight lending rate to 0.5%, from 0.75% recently based on the Oil market, a market not expected to improve for Canada (possibly for a very long time now Iran is getting on better terms)