British Expats

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-   -   Exchange rates (https://britishexpats.com/forum/maple-leaf-98/exchange-rates-852600/)

Shard Feb 12th 2015 4:20 am

Re: Exchange rates
 

Originally Posted by Paul_Shepherd (Post 11563612)
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....

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

MarkG Feb 12th 2015 5:19 am

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.

Tirytory Feb 12th 2015 5:56 am

Re: Exchange rates
 

Originally Posted by Shard (Post 11563625)
Sell in October and gain from further property appreciation and a higher exchange rate.

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

scrubbedexpat091 Feb 12th 2015 8:37 am

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.

Souvy Feb 12th 2015 11:38 pm

Re: Exchange rates
 

Originally Posted by Tirytory (Post 11563726)
And then pay tax... They get you somewhere!!!!

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

Tirytory Feb 13th 2015 12:05 am

Re: Exchange rates
 

Originally Posted by Souvy (Post 11564376)
Unless you use the extra cash to buy RRSPs and cut your taxable income.

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

Souvy Feb 13th 2015 12:40 am

Re: Exchange rates
 

Originally Posted by Tirytory (Post 11564399)
Mmm... I have to admit we haven't looked into that whole side of things yet.

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.

Tirytory Feb 13th 2015 8:27 am

Re: Exchange rates
 

Originally Posted by Souvy (Post 11564434)
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.

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;)

orly Feb 13th 2015 9:29 am

Re: Exchange rates
 

Originally Posted by Jsmth321 (Post 11563850)
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.

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

dishwashing Feb 13th 2015 1:36 pm

Re: Exchange rates
 

Originally Posted by Tirytory (Post 11564976)
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;)

Wasn't it you with that young photo?

Tirytory Feb 13th 2015 1:57 pm

Re: Exchange rates
 

Originally Posted by dishwashing (Post 11565188)
Wasn't it you with that young photo?

Yeah.....good genes!;)

scrubbedexpat091 Feb 13th 2015 3:23 pm

Re: Exchange rates
 

Originally Posted by orly (Post 11565038)
Spend your money in Canada like a good lad. Visit NL...it's close to the UK at least ;)

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.

Souvy Feb 23rd 2015 5:05 am

Re: Exchange rates
 

Originally Posted by Souvy (Post 11563449)
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.

Yaaaaaay!

1.9431 at close of business.:thumbsup:

not2old Feb 23rd 2015 5:29 am

Re: Exchange rates
 

Originally Posted by Souvy (Post 11573977)
Yaaaaaay!

1.9431 at close of business.:thumbsup:

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

orly Feb 23rd 2015 5:36 am

Re: Exchange rates
 
My exchanger of choice is offering just a shade over 1.93

XE says 1.94 plus fractions of a cent


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