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-   -   GBP/AED hits 6.85............... (https://britishexpats.com/forum/sand-pit-116/gbp-aed-hits-6-85-a-555031/)

The Dean Aug 13th 2008 3:18 pm

GBP/AED hits 6.85...............
 
1 Attachment(s)
:ohmy:

Autonomy Aug 13th 2008 3:20 pm

Re: GBP/AED hits 6.85...............
 

Originally Posted by The Dean (Post 6676148)
:ohmy:

care to explain this?

The Dean Aug 13th 2008 3:28 pm

Re: GBP/AED hits 6.85...............
 

Originally Posted by Autonomy (Post 6676154)
care to explain this?

It's just a chart of where the sterling/dirham rate has been since 1 Jan - and where it is now.............

Did the attachment not open?

Autonomy Aug 13th 2008 3:30 pm

Re: GBP/AED hits 6.85...............
 

Originally Posted by The Dean (Post 6676191)
It's just a chart of where the sterling/dirham rate has been since 1 Jan - and where it is now.............

Did the attachment not open?

it did - i meant care to explain why it drops like that? what happened?

highways Aug 13th 2008 4:12 pm

Re: GBP/AED hits 6.85...............
 
Did the GBP become weaker or did the AED become stronger?

Shadya Aug 13th 2008 4:27 pm

Re: GBP/AED hits 6.85...............
 
Its temporary USD strength. The chart does look dramatic but its rather deceptive as the rate has not even fallen 10% yet.

Border Reiver Aug 13th 2008 4:37 pm

Re: GBP/AED hits 6.85...............
 
The chart looks more dramatic than it is because it doesn't start at zero. As Shadya says, it is less than a 10% fall but if you are sending money home, or want to return home with some money in the bank one day it is at least a move in the right direction.

My understanding is that the dollar has strengthened because of a fall in the price of oil while the pound has weakened because our economy is in danger of collapsing into a soggy heap on the floor. I can't see our (ie the UK) economy suddenly improving so the rate may yet continue to improve for a while.

Madam Medusa Aug 13th 2008 6:30 pm

Re: GBP/AED hits 6.85...............
 
bad news for me...let's hope it goes back up to 7+ soon...

MM, xx

Autonomy Aug 13th 2008 7:12 pm

Re: GBP/AED hits 6.85...............
 

Originally Posted by Madam Medusa (Post 6676790)
bad news for me...let's hope it goes back up to 7+ soon...

MM, xx

much as I usually agree with you.... bring on 6.5 or below please...:eek:

Spugsy Aug 13th 2008 9:01 pm

Re: GBP/AED hits 6.85...............
 

Originally Posted by Border Reiver (Post 6676436)
The chart looks more dramatic than it is because it doesn't start at zero. As Shadya says, it is less than a 10% fall but if you are sending money home, or want to return home with some money in the bank one day it is at least a move in the right direction.

My understanding is that the dollar has strengthened because of a fall in the price of oil while the pound has weakened because our economy is in danger of collapsing into a soggy heap on the floor. I can't see our (ie the UK) economy suddenly improving so the rate may yet continue to improve for a while.

I transferred AED 5000 yesterday, I should get an extra £200 now when I get back, thats brilliant.

Spugsy Aug 13th 2008 9:01 pm

Re: GBP/AED hits 6.85...............
 

Originally Posted by Madam Medusa (Post 6676790)
bad news for me...let's hope it goes back up to 7+ soon...

MM, xx

why bad news?

Madam Medusa Aug 13th 2008 9:01 pm

Re: GBP/AED hits 6.85...............
 

Originally Posted by Autonomy (Post 6676938)
much as I usually agree with you.... bring on 6.5 or below please...:eek:

noooo...that would be a total disaster...!!!

MM, xx

Spugsy Aug 13th 2008 9:02 pm

Re: GBP/AED hits 6.85...............
 

Originally Posted by Border Reiver (Post 6676436)
The chart looks more dramatic than it is because it doesn't start at zero. As Shadya says, it is less than a 10% fall but if you are sending money home, or want to return home with some money in the bank one day it is at least a move in the right direction.

My understanding is that the dollar has strengthened because of a fall in the price of oil while the pound has weakened because our economy is in danger of collapsing into a soggy heap on the floor. I can't see our (ie the UK) economy suddenly improving so the rate may yet continue to improve for a while.

so if you're saving into your UK account, you really want to be saving hard about nopw then?

whats the downside to this then??

Madam Medusa Aug 13th 2008 9:02 pm

Re: GBP/AED hits 6.85...............
 

Originally Posted by Spugsy (Post 6677344)
why bad news?

monsieur medusa is paid in sterling...

MM, xx

arbroath_abroad Aug 14th 2008 4:13 am

Re: GBP/AED hits 6.85...............
 

Originally Posted by Madam Medusa (Post 6677349)
monsieur medusa is paid in sterling...

MM, xx

as i am............


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