British Expats

British Expats (https://britishexpats.com/forum/)
-   The Maple Leaf (https://britishexpats.com/forum/maple-leaf-98/)
-   -   Is now the time to buy Dollars? (https://britishexpats.com/forum/maple-leaf-98/now-time-buy-dollars-799236/)

big ron Jun 6th 2013 12:33 am

Is now the time to buy Dollars?
 
Been a while since the pound was at the $1.60 mark is it giong to keep rising .Shall I transfer or shall I not.?:unsure:

geedee Jun 6th 2013 12:59 am

Re: Is now the time to buy Dollars?
 
Hello Big Ron... you might want to look at this thread, for a laugh....


http://britishexpats.com/forum/showt...=exchange+rate

Have some time on your hands, it's 179 pages.....

The opening poster is worried at $2.10!!

I doubt anyone will call it right. If anything, someone will have a lucky guess. Bottom line is.... do you need to swap it over? Is there any chance you might go back to the UK? Why not transfer what you have to only? Having said that, if I'd transferred more when I could have back then, I wouldn't have "lost" so much!!

Good luck.

cjones Jun 6th 2013 1:29 am

Re: Is now the time to buy Dollars?
 

Originally Posted by geedee (Post 10743185)
...Having said that, if I'd transferred more when I could have back then, I wouldn't have "lost" so much!!

Good luck.

I feel your pain. :frown:

geedee Jun 6th 2013 1:43 am

Re: Is now the time to buy Dollars?
 

Originally Posted by cjones (Post 10743199)
I feel your pain. :frown:

It breaks my heart... if only I hadn't had so much faith in the "strength" of the GBP!!:crown:

Aviator Jun 6th 2013 2:08 am

Re: Is now the time to buy Dollars?
 

Originally Posted by geedee (Post 10743185)
Hello Big Ron... you might want to look at this thread, for a laugh....


http://britishexpats.com/forum/showt...=exchange+rate

Have some time on your hands, it's 179 pages.....

The opening poster is worried at $2.10!!

I doubt anyone will call it right. If anything, someone will have a lucky guess. Bottom line is.... do you need to swap it over? Is there any chance you might go back to the UK? Why not transfer what you have to only? Having said that, if I'd transferred more when I could have back then, I wouldn't have "lost" so much!!

Good luck.

I was mortified at $2.15, the norm was 2.25-2.39

cjones Jun 6th 2013 2:19 am

Re: Is now the time to buy Dollars?
 

Originally Posted by Aviator (Post 10743227)
I was mortified at $2.15, the norm was 2.25-2.39

I'm struggling to "feel your pain" quite so intensely. ;)

London-England-Lads Jun 6th 2013 2:29 am

Re: Is now the time to buy Dollars?
 
Difficult decision - we have our house sale money and cant decide what to do with it. However we think investing in Canadian property will over time earn us a better interest than in the bank ... I guess it depends on how safe you wanna be and how angry you will be if the dollar weakens more.

Aviator Jun 6th 2013 4:48 am

Re: Is now the time to buy Dollars?
 

Originally Posted by cjones (Post 10743233)
I'm struggling to "feel your pain" quite so intensely. ;)

For the most part I am going the other way now and am getting 30% savings on the FX. The best GBP I got was $2.62, for a fleeting moment.

Aviator Jun 6th 2013 4:49 am

Re: Is now the time to buy Dollars?
 

Originally Posted by London-England-Lads (Post 10743241)
Difficult decision - we have our house sale money and cant decide what to do with it. However we think investing in Canadian property will over time earn us a better interest than in the bank ... I guess it depends on how safe you wanna be and how angry you will be if the dollar weakens more.

Set yourself a realistic FX rate, exchange at that and move on. Getting the 'best' rate is like chasing rainbows.

Mikeypm Jun 6th 2013 1:12 pm

Re: Is now the time to buy Dollars?
 
Currency fair have good rates at the moment

Souvy Jun 6th 2013 2:43 pm

Re: Is now the time to buy Dollars?
 

Originally Posted by Aviator (Post 10743343)
Set yourself a realistic FX rate, exchange at that and move on. Getting the 'best' rate is like chasing rainbows.

I used to work on 2.20 being a realistic rate (it was higher at the time). I rather miss those days:(

geedee Jun 6th 2013 5:48 pm

Re: Is now the time to buy Dollars?
 
Also, you'd think it's a good thing for going back the other way.... e.g. trips to the UK. But getting more pounds for your dollar doesn't help... everything's shot up in price instead!

London-England-Lads Jun 6th 2013 5:54 pm

Re: Is now the time to buy Dollars?
 
set mine at 2-1, who knows was there once and we don't need the money yet .

MarkG Jun 6th 2013 6:43 pm

Re: Is now the time to buy Dollars?
 

Originally Posted by Aviator (Post 10743227)
I was mortified at $2.15, the norm was 2.25-2.39

I had to transfer a chunk at $1.85. That was horrible.

orly Jun 6th 2013 6:50 pm

Re: Is now the time to buy Dollars?
 

Originally Posted by big ron (Post 10743162)
Been a while since the pound was at the $1.60 mark is it giong to keep rising .Shall I transfer or shall I not.?:unsure:

Around $1.63 has been the resistance point for about 3 years now.

If it gets above $1.65 for any length of time (talking weeks or months rather than minutes or hours) then more research might be needed.

If it dips back down again then it's business as usual.


All times are GMT. The time now is 10:38 pm.

Powered by vBulletin: ©2000 - 2022, Jelsoft Enterprises Ltd.
Copyright © 2021 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.