British Expats

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-   -   Exchange Rate at It's Best! (https://britishexpats.com/forum/moving-back-uk-61/exchange-rate-its-best-577463/)

deborahjane Dec 7th 2008 11:16 pm

Exchange Rate at It's Best!
 
If you are on your way back to the UK now is the time to buy your pounds.

At it's best since September now $2.24 to the pound.

Nu-Shooz Dec 7th 2008 11:19 pm

Re: Exchange Rate at It's Best!
 

Originally Posted by deborahjane (Post 7048145)
If you are on your way back to the UK now is the time to buy your pounds.

At it's best since September now $2.24 to the pound.

Great, but i don't exchange on the house til 9th Jan so i'm skint til then:huh:

Hope it drops more lol.

deborahjane Dec 7th 2008 11:42 pm

Re: Exchange Rate at It's Best!
 
You can do a forward contract like we have done many times with Moneycorp in London.

We did it when we were selling our house and they had the money when the house was sold.

Buying some pounds tonight and will settle next week when it's get's from our bank to them.

deborahjane Dec 7th 2008 11:47 pm

Re: Exchange Rate at It's Best!
 
Rate is predicted to fall even more shortly. Just had a call from London.

Fleaflyfloflum Dec 7th 2008 11:52 pm

Re: Exchange Rate at It's Best!
 
It has gone much lower that that this year Deborah. When i went back in June i think it was around 2.15. Something ridiculous like that anyway.

I'm in the same boat as Nu Shooz. Cant exchange anything for at least a couple of weeks, so crossing fingers it keeps diving.

Fleaflyfloflum Dec 8th 2008 12:02 am

Re: Exchange Rate at It's Best!
 
OH just looked up this years rates. On 6th june 2008 it actually went right down to 2.04!! Lower than i thought :ohmy:

Hang on girls we might even get below 2.00 :thumbsup:

quoll Dec 8th 2008 12:24 am

Re: Exchange Rate at It's Best!
 
Wow, that's good! I got 2.06 in July when I was over and was kicking myself for missing the 2.04. Mind you the premium bonds have now reduced their prizes - still, it will be there waiting for me in March unless the dollar strengthens and I send some more over. It was 2.34 when I last looked.

Globalcommunismiscoming Dec 8th 2008 12:45 am

Re: Exchange Rate at It's Best!
 
The exchange rate is absolutely terrible. The British public are being utterly robbed by their stinking thieving politicians. Look at the pound relative to the euro and dollar over the past 4 months. The pound within the next 12 months will cease to exist and the UK will be using the euro.

deborahjane Dec 8th 2008 12:56 am

Re: Exchange Rate at It's Best!
 
We have just bought some at 2.26 from Moneycorp in the UK so fairly pleased with that.

dunroving Dec 8th 2008 5:27 am

Re: Exchange Rate at It's Best!
 

Originally Posted by Globalcommunismiscoming (Post 7048340)
The exchange rate is absolutely terrible. The British public are being utterly robbed by their stinking thieving politicians. Look at the pound relative to the euro and dollar over the past 4 months. The pound within the next 12 months will cease to exist and the UK will be using the euro.

If you keep repeating the same mantra every 6 months or so, eventually you might be correct. :rolleyes:

http://britishexpats.com/forum/showt...17#post6525717

Giantaxe Dec 8th 2008 8:09 am

Re: Exchange Rate at It's Best!
 

Originally Posted by Globalcommunismiscoming (Post 7048340)
The exchange rate is absolutely terrible.

According to the OECD, the exchange rate is now pretty much at its purchasing power parity against other major currencies. Not sure why this would be deemed "absolutely terrible".

Fleaflyfloflum Dec 8th 2008 9:15 am

Re: Exchange Rate at It's Best!
 

Originally Posted by dunroving (Post 7049083)
If you keep repeating the same mantra every 6 months or so, eventually you might be correct. :rolleyes:

http://britishexpats.com/forum/showt...17#post6525717

He is living in his own bubble, dont waste your time :lol:

Globalcommunismiscoming Dec 11th 2008 3:31 am

Re: Exchange Rate at It's Best!
 

Originally Posted by Fleaflyfloflum (Post 7049806)
He is living in his own bubble, dont waste your time :lol:

Yeah I guess I was completely incorrect. Even a child could look at a graph of euro-sterling rates over the past 6 months and predict 1 to 1 convergence. Pathetic fools.

Jay Bird Dec 11th 2008 3:51 am

Re: Exchange Rate at It's Best!
 

Originally Posted by Globalcommunismiscoming (Post 7058638)
Yeah I guess I was completely incorrect. Even a child could look at a graph of euro-sterling rates over the past 6 months and predict 1 to 1 convergence. Pathetic fools.

Am I the only one who........oh crap, I can't be bothered :blink:

dunroving Dec 11th 2008 4:53 am

Re: Exchange Rate at It's Best!
 

Originally Posted by oldbag (Post 7058699)
Am I the only one who........oh crap, I can't be bothered :blink:

No, don't. His PM's are equally inane ... :rolleyes:


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