big ron

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.?

geedee

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

I feel your pain.

geedee

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

Aviator

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

cjones

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

London-England-Lads

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

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

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

Mikeypm

Currency fair have good rates at the moment

Souvy

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

geedee

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

set mine at 2-1, who knows was there once and we don't need the money yet .

MarkG

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

orly

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.