AED GBP Exchange rate 5.3
#1
Forum Regular
Thread Starter
Joined: Aug 2008
Posts: 58
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
The exchange rate is down at 5.3 today for anybody looking to send some money home
#6
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...
#9
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Thread Starter
Joined: Aug 2008
Posts: 58
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.
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.
#10
Re: AED GBP Exchange rate 5.3
Various pundits have been saying for months that Sterling could go as long as $1.30...
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Last edited by Meow; Jan 20th 2009 at 7:34 am.
#12
Re: AED GBP Exchange rate 5.3
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?
Sorry if a bit presumptious!!
#14
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?
Sorry if a bit presumptious!!
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?
Sorry if a bit presumptious!!
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.
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