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Old Feb 12th 2015 | 12:21 am
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Default 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?
 
Old Feb 12th 2015 | 12:37 am
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Default Re: Exchange rates

Originally Posted by Yorkiechef
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?
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!
 
Old Feb 12th 2015 | 12:42 am
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Default Re: Exchange rates

1.95
 
Old Feb 12th 2015 | 12:47 am
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Default Re: Exchange rates

Originally Posted by Shard
1.95
Even better but 1.94 will make me happy, for a purely silly reason.
 
Old Feb 12th 2015 | 12:50 am
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Default Re: Exchange rates

What's the reason?
 
Old Feb 12th 2015 | 12:53 am
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Default 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.
 
Old Feb 12th 2015 | 12:54 am
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Default Re: Exchange rates

Originally Posted by Shard
What's the reason?
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?
 
Old Feb 12th 2015 | 12:57 am
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Default Re: Exchange rates

Originally Posted by Shard
What's the reason?
An extra comma.

Told you it was silly
 
Old Feb 12th 2015 | 1:05 am
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Default Re: Exchange rates

Originally Posted by Yorkiechef
I think the swing has been so profound that it will be 2.20+ by 1 August, the momentum is with sterling.
"Momentum" is more a short term thing. Swings of that magnitude depend on major structural changes (the collapse of an economic sector for example).
 
Old Feb 12th 2015 | 1:06 am
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Default Re: Exchange rates

Originally Posted by Souvy
An extra comma.

Told you it was silly
bring on the silliness for Souvy.
 
Old Feb 12th 2015 | 1:10 am
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Default Re: Exchange rates

Originally Posted by Yorkiechef
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?
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.
 
Old Feb 12th 2015 | 2:44 am
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Default 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...
 
Old Feb 12th 2015 | 3:37 am
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Default Re: Exchange rates

Go the mighty pound.
 
Old Feb 12th 2015 | 3:54 am
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Default Re: Exchange rates

Originally Posted by vanity
Go the mighty pound.
About time!
 
Old Feb 12th 2015 | 4:05 am
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Default Re: Exchange rates

Originally Posted by Shard
About time!
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....
 


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