Re: Exchange rates
 

Any "simple" explanation of UK-C$ exchange rate moves is wrong, almost by definition. The two economies have virtually nothing to do with each other.

Re: Exchange rates
 

I like this.

2.09+ close today. Highest since the end of 2007.

Increasing at a steady trend, with me having just accepted an offer on my late mother's apartment in the UK, the timing couldn't be better.

Keep on going up please Sterling!

Every 1.5-2c rise is a month's mortgage payment :D

Re: Exchange rates
 

Doesn't seem like a good time to visit the UK if your from Canada...

Re: Exchange rates
 

For RBC, you need to select the non-cash rate.

As of today, it's $2.05 at RBC interbank non cash rates - I'm hoping it stays that high (or goes higher again) as my monthly freelance payment transfer is due to be sent tomorrow. Looking at the other banks, it seems they are paying a higher rate - how frikkin annoying is that :(

Re: Exchange rates
 

I've gained $150 on my last civil service pension compared to the first one this year. Long may it continue. :thumbup:
They probably get it back in other ways. :nod:

Re: Exchange rates
 

Not a good time to visit anywhere if you are from Canada or anywhere else in the third world.

Re: Exchange rates
 

Yes, personally Im not too bothered though, ive made enough trips there, its about time my friends and family made the trip over here.

I can get my fun within Canada's borders, if i go anywhere outside Canada it will be an all inclusive probably to Cuba, which is cheap. :thumbsup: until the Americans start flooding in at least.

Re: Exchange rates
 

I am heading to the UK in October for a short visit. Last such visit was 2010. Not such a big hit for me as my UK pensions are doing OK just now on the exchange rate. I will loose a few cents on the dollar when i convert back again for the trip, but not enough to loose sleep over.☺

Re: Exchange rates
 

True true. If we lived near the border I would go across and get a job so I could be paid in USD.

Hard to impossible to take trips to see family at the poor rates and falling.... Maybe they will come here.....lol

Re: Exchange rates
 

wondering why you don't move back stateside - wouldn't you be better off financially?

Re: Exchange rates
 

Immigration issues and costs to get my wife legal status in the US.

Also not sure we could afford healthcare costs there for her meds and the cost of insurance. Hard to predict what it would cost but quotes I have gotten on CA and WA exchanges are several hundred per month just for the premiums before even seeing a doctor or getting a script.

I 'll check the exchanges when I am home as I don't recall the exact cost and deductibles and such.

We have thought of going there. Immigration isn't cheap in itself on top of all the other associated costs of a move.

Its a possibility in the future possibly.

Re: Exchange rates
 

So would you change jobs as the FX changes?

Re: Exchange rates
 

Sure why not. I am not in career jobs they are all dead end so may as well take advantage of a stronger currency and if the USD goes below par, then find something else.

Jobs I could get down there all pay 11/12 USD and that goes further then 11/12 CAD does.

Re: Exchange rates
 

XE had 2.09 the day you posted this. Yesterday it was 2.07 and now 2.04. :(

The last time I saw such differences was when it began the big slump from over $2 down to $1.50 :eek:

Re: Exchange rates
 

I saw someone said on BE that CAD used to trade against GBP at around $2.50 per £ a few years ago. Does anyone remember when was it that it got so low against the GBP and what were the reasons?

Re: Exchange rates
 

Chinese 'stuff' is affecting the exchange rates, so there will be some unusual fluctuations due to investors moving to currencies.

There has been a steady growth trend in the pound against the CAD over the last few months, which has a good chance of continuing as UK interest rates are likely to go UP in the next few months, whereas Canadian rate could go DOWN again as its next move.


It was at a peak of about 2.60 in October 1998.

Re: Exchange rates
 

http://fxtop.com/en/historical-excha...15&btnOK=Go%21

Yearly Average Exchange Rates for Currencies - 1990 to 2015

Re: Exchange rates
 

Back in '02...I remember 40p bought a dollar... and Canadian housing was a lot cheaper then even in dollars. Those were the days for Brits selling up and making the move ;)

Re: Exchange rates
 

So for years I was telling people not to move to Canada because the exchange rate was so bad, now the exchange rate has improved and there's a recession, so you shouldn't move here.

So the moral of the story is: don't move to Canada. :lol:

Re: Exchange rates
 

It was 2003. Start of the war with Iraq.

Re: Exchange rates
 

:lol: You just wan't Alberta to yourself...:p

Re: Exchange rates
 

I read somewhere that 8% of the population of Calgary are British citizens.

Something like 5% in the province overall.

Although this no doubt includes First Nations with treaty rights to British citizenship so it's a bit misleading. And more than 40% have British ancestry.