UKCityGent

Sorry Eva - i was just using an example of the caymen islands vs fsa regsitered company and who i would trust

Eva

Please don't apologise.....swoon

UKCityGent

My dear lady perhaps you ought to get your blood pressure checked out

I am a doctor



























(of finance unfortunately)

Eva

[QUOTE=UKCityGent;6910230]My dear lady perhaps you ought to get your blood pressure checked out

I am a doctor


Ooooh I trust you
A fan of Peter Sellers also no doubt?

The Dean

I once met a nice lady from the Cayman (not Caymen, silly) Islands who corrected me on my pronunciation.............

Apparently you say "CayMAN" (not "Caymun").

I apologised, of course.

(Editor's Note: This post is brought to you by kind permission of "Irrelevant Posts Ltd")

Duracell_Bunny

Hi people.

I need some sage advice on what to do with my Dhirams in the UAE account.

I dont know much about currencies, but what I do know is that I will get a good rate if I do bring the money back to UK at this moment in time. Currently at £1 = 5.66 AED

Does anyone know how low the GBP/AED rate can go?

Thanks in advance.

The Dean

How "low" is a piece of string?

There is no practical or realistic limit to how far it might fall........... we are in global market meltdown and - like it or not - the world still sees the US as the safest place to put their money. Dollar buying means dirham buying, riyal buying, dinar buying, etc, as they are pegged to the USD.

A GBP/AED rate of 5.00 requires GBP/USD to fall to about 1.3600 - perfectly and easily within reach, especially after last Friday when GBP/USD fell about 6.50% in less than 24 hours, before recovering.

1.36 is 18 cents below today's levels............. and it fell by about 18 cents last week alone.

Duracell_Bunny

Thanks for the advice.

I guess the best thing for me is to leave the money as AED as I feel things are still yet to get worse.

But I think I would regularly track rates and then have a plan to transfer money to my UK account.

Superdarts

Back up at 6.2 now - think I have missed the boat for the 5's!
Just had my first salary and would like to fix for 12 months - fix at 6.2 or you think it will go back down? ill be transferring 45kAED a month so it does make a big difference!! Could fix at 6.2 for half of that?

Blue Cat

45k a month

Superdarts

my wife is also working full time on an expat deal

Blue Cat

lucky you!

IndieG

Your wish has just been granted

Jeeper

Trouble is....you wait for 5.5 thinking that would be awesome......then it comes and you hold for 5....which wouldn't be too surprising if it arrived....

Roadking

See, just not greedy enough...
3rd floor perfumery, stationery and leather goods. Going down!