Re: GBP/AED hits 6.85...............
Originally Posted by Madam Medusa
(Post 6677349)
monsieur medusa is paid in sterling...
MM, xx |
Re: GBP/AED hits 6.85...............
Originally Posted by Madam Medusa
(Post 6677349)
monsieur medusa is paid in sterling...
MM, xx That's quite a drop.... :eek: |
Re: GBP/AED hits 6.85...............
it's about time the UAE Dirham strengthened. Things here are getting way too expensive and the rapid decline of the $ (and the AED) over the past few years has not been a good thing.
Have a look at this historic currency data... The days of GBP/AED = 5.5 may not be too far off again. Go AED! :D http://i37.tinypic.com/fmov1f.jpg |
Re: GBP/AED hits 6.85...............
Originally Posted by Madam Medusa
(Post 6677349)
monsieur medusa is paid in sterling...
MM, xx |
Re: GBP/AED hits 6.85...............
Originally Posted by Shadya
(Post 6676394)
Its temporary USD strength.
The US dollars new found strength isnt really undermined by any actual change in the economic outlook. |
Re: GBP/AED hits 6.85...............
Originally Posted by Charismatic
(Post 6678463)
But just to clarify here there is some concern that the UK's economy (and elsewhere) is stalling as well (high inflation and faltering growth).
|
Re: GBP/AED hits 6.85...............
Originally Posted by Charismatic
(Post 6678463)
But just to clarify here there is some concern that the UK's economy (and elsewhere) is stalling as well (high inflation and faltering growth).
The US dollars new found strength isnt really undermined by any actual change in the economic outlook. |
Re: GBP/AED hits 6.85...............
Originally Posted by Face81
(Post 6678470)
The UK's 4% inflation isn't high when compared to the UAE's 13.2% in the 1st half of this year :blink:
I dont like CPI figures. |
Re: GBP/AED hits 6.85...............
Originally Posted by Spugsy
(Post 6678475)
so if I get paid in dirhams and send cash back to pay off my mortgage and credit cards, basically this is only a good thing for me?
10,000dhs converted to GBP at 6.00 rate = 1,666 GBP So yes, this is good news for you in respect of more cash - however your house investment in the UK may be dropping like a stone... swings and roundabouts.... |
Re: GBP/AED hits 6.85...............
Originally Posted by Face81
(Post 6678443)
iHave a look at this historic currency data... The days of GBP/AED = 5.5 may not be too far off again.
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Re: GBP/AED hits 6.85...............
Can't ever see 5.5 happening
I think it will hover around the 6.8/6.9 mark for a while. The only way I would see it drop below the 6.5 mark would be if the mythical 're-pegging' vs USD ever comes to anything (assuming I got my maths correct on what the impact would be?!??!) |
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