AED GBP Exchange rate 5.3
 

Morning folks,

The exchange rate is down at 5.3 today for anybody looking to send some money home :thumbsup:

Re: AED GBP Exchange rate 5.3
 

yea, cheers, just the news i was wanting as a person who gets paid in GBP:curse::curse::D

Re: AED GBP Exchange rate 5.3
 

sorry to hear that, it's good for some and bad for others :o

Re: AED GBP Exchange rate 5.3
 

exactly, i was given the choice of a GBP/USD or AED contract when i moved jobs and took the GBP...


horses for courses, but i hope it doesnt drop any lower...

Re: AED GBP Exchange rate 5.3
 

for your sake I hope it doesn't either but we have two kids in the UK to fund ..

Re: AED GBP Exchange rate 5.3
 

Could drop a bit further as their seems to be bad news abound with the banks and very wobbly confidence... The GBP was starting to increase a bit the last week or so...

Re: AED GBP Exchange rate 5.3
 

its good news for you guys then:thumbup:

Re: AED GBP Exchange rate 5.3
 

cheers for the moral booster tyrone:p:D

Re: AED GBP Exchange rate 5.3
 

I have been booking my rates in advance (from AED to GBP) for the last 5 months, always thinking we had hit the low, but not once on the day of exchange have I been better off! This month was exchanged at 5.79 on the day was 5.49. I have booked 5.31 for March which hopefully works in my favor.

My view is that there is more room for movement up than down and id rather have the protection – although the dollar has dropped from 1.49 to 1.40 today already.

Re: AED GBP Exchange rate 5.3
 

Various pundits have been saying for months that Sterling could go as long as $1.30...

-

Re: AED GBP Exchange rate 5.3
 

or even $1.30

Re: AED GBP Exchange rate 5.3
 

Oh er... Any iedas on when this might be? As I have some AED savings I need to transfer back to the UK to pay of my Overdraft and Credit Card, worth watign do you think?

Also if you dont mind me asking, would you transfer back via first rate fx or though bank, in smaller amounts or in a larger sum and would it be a big deal on my tax situation?

:thumbsup: Sorry if a bit presumptious!!

Re: AED GBP Exchange rate 5.3
 

Sorry Commander but stiff upper lip and all that, ;)

since I arrived 5 months ago its bombed out from over 7 to what it is now... Good for some and not good fo others, but maybe over the long term who knows...

Re: AED GBP Exchange rate 5.3
 

Shall I consult my crystal ball? ;) No idea - nor does anyone really know. I would imagine that the rate will stabilise at around £1:$1.5 towards the end of the year, but I am surmising as much as anyone else.

I'd transfer a lump sum via a wholesale company, but I have my preferred provider (for me & my clients). PM me your email address if you want the details.

-

Re: AED GBP Exchange rate 5.3
 

Under 5.2 now