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Is now the time to buy Dollars?

Is now the time to buy Dollars?

Old Jun 6th 2013, 12:33 am
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Default 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.?
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Old Jun 6th 2013, 12:59 am
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Default 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.
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Old Jun 6th 2013, 1:29 am
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Default Re: Is now the time to buy Dollars?

Originally Posted by geedee View Post
...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.
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Old Jun 6th 2013, 1:43 am
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Default Re: Is now the time to buy Dollars?

Originally Posted by cjones View Post
I feel your pain.
It breaks my heart... if only I hadn't had so much faith in the "strength" of the GBP!!
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Old Jun 6th 2013, 2:08 am
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Default Re: Is now the time to buy Dollars?

Originally Posted by geedee View Post
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
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Old Jun 6th 2013, 2:19 am
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Default Re: Is now the time to buy Dollars?

Originally Posted by Aviator View Post
I was mortified at $2.15, the norm was 2.25-2.39
I'm struggling to "feel your pain" quite so intensely.
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Old Jun 6th 2013, 2:29 am
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Default 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.
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Old Jun 6th 2013, 4:48 am
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Default Re: Is now the time to buy Dollars?

Originally Posted by cjones View Post
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.
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Old Jun 6th 2013, 4:49 am
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Default Re: Is now the time to buy Dollars?

Originally Posted by London-England-Lads View Post
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.
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Old Jun 6th 2013, 1:12 pm
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Default Re: Is now the time to buy Dollars?

Currency fair have good rates at the moment
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Old Jun 6th 2013, 2:43 pm
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Default Re: Is now the time to buy Dollars?

Originally Posted by Aviator View Post
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
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Old Jun 6th 2013, 5:48 pm
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Default 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!
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Old Jun 6th 2013, 5:54 pm
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Default 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 .
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Old Jun 6th 2013, 6:43 pm
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Default Re: Is now the time to buy Dollars?

Originally Posted by Aviator View Post
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.
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Old Jun 6th 2013, 6:50 pm
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Default Re: Is now the time to buy Dollars?

Originally Posted by big ron View Post
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.?
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.
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