Changing USD to GBP
 

Hi,

I am moving back to the UK this year and Imissed the boat a few weeks ago when the rate was at 1.36.

Its moving up but some people predict it falling to 1.26 at the end of March...

Should I chage all my savings now while the iron is still a bit hot or wait and hope for it to fall again.

i am stuck as to what to do!!!

Hope someone can help!!

Cheers

PG

Re: Changing USD to GBP
 

I wish we were in your position and could exchange our money now. We have to wait for our house to sell and by then who knows which way it is going.

Re: Changing USD to GBP
 

Sorry man,

This may have been on a previous thread or else its a crappy topic..., hence only one response.

Hope you sell your hosue soon...

I just need some advice..

Thanks for the reply anyways

PhillyG

Re: Changing USD to GBP
 

Personally I wouldn't change right now as the GBP is rallying a bit and I don't see that lasting for too long.
That said both economies are so screwed at present there is likely to be a lot of randomness to currency moves.

Re: Changing USD to GBP
 

I hear you.

One of the sites predicted a $1.26 at end of March.......with the 830billion US yes vote this morning.....it might rally the US and bring the GBP down...

Heres hoping for me personally..........not suer all would agree.

Thanks

Re: Changing USD to GBP
 

If you don't know if the rate's going up or down, break up your payments over a protracted period (dollar cost averaging). make sure you use somewhere like XE.com, though, or the extra charges won't make it worth it.

Re: Changing USD to GBP
 

Sound advice Dunroving......

I'll look in to that XE.com

Good stuff.

Re: Changing USD to GBP
 

Check out xoom.com too- they are quite reasonable for smaller amounts.

Re: Changing USD to GBP
 

I think if Gordon Brown stays around much longer your chance may come again. Do it it small amounts, it is like playing the stock market, no one knows entirely when it has reached the bottom.

What about these people for currency exchange? They have banner on this site and have a good reputation.

http://www.hifx.com/