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GBP/AED hits 6.85...............

GBP/AED hits 6.85...............

Old Aug 13th 2008, 2:18 pm
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Default GBP/AED hits 6.85...............

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Old Aug 13th 2008, 2:20 pm
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Default Re: GBP/AED hits 6.85...............

Originally Posted by The Dean View Post
care to explain this?
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Old Aug 13th 2008, 2:28 pm
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Default Re: GBP/AED hits 6.85...............

Originally Posted by Autonomy View Post
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?
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Old Aug 13th 2008, 2:30 pm
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Default Re: GBP/AED hits 6.85...............

Originally Posted by The Dean View Post
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?
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Old Aug 13th 2008, 3:12 pm
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Default Re: GBP/AED hits 6.85...............

Did the GBP become weaker or did the AED become stronger?
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Old Aug 13th 2008, 3:27 pm
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Default 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.
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Old Aug 13th 2008, 3:37 pm
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Default 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.
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Old Aug 13th 2008, 5:30 pm
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Default Re: GBP/AED hits 6.85...............

bad news for me...let's hope it goes back up to 7+ soon...

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Old Aug 13th 2008, 6:12 pm
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Default Re: GBP/AED hits 6.85...............

Originally Posted by Madam Medusa View Post
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...
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Old Aug 13th 2008, 8:01 pm
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Default Re: GBP/AED hits 6.85...............

Originally Posted by Border Reiver View Post
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.
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Old Aug 13th 2008, 8:01 pm
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Default Re: GBP/AED hits 6.85...............

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

MM, xx
why bad news?
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Old Aug 13th 2008, 8:01 pm
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Default Re: GBP/AED hits 6.85...............

Originally Posted by Autonomy View Post
much as I usually agree with you.... bring on 6.5 or below please...
noooo...that would be a total disaster...!!!

MM, xx
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Old Aug 13th 2008, 8:02 pm
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Default Re: GBP/AED hits 6.85...............

Originally Posted by Border Reiver View Post
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??
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Old Aug 13th 2008, 8:02 pm
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Default Re: GBP/AED hits 6.85...............

Originally Posted by Spugsy View Post
why bad news?
monsieur medusa is paid in sterling...

MM, xx
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Old Aug 14th 2008, 3:13 am
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Default Re: GBP/AED hits 6.85...............

Originally Posted by Madam Medusa View Post
monsieur medusa is paid in sterling...

MM, xx
as i am............
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