GBP/AED rate: who is sending money home now?
Feb 25th 2013, 7:57 am
#31
Lost in BE Cyberspace
Thread Starter
Joined: Jul 2007
Posts: 13,553
Re: GBP/AED rate: who is sending money home now?
I suggest you shop around for currency transfer quotes and make sure that you are getting the best rate from an FSA authorised foreign exchange provider. Typically, a foreign exchange broker's rate can be up to 4% better than the banks - as you probably know.
I'm from Halo Financial, a British Expats vendor/advertiser, so if you are interested in finding out how we can help you then send me a private message. Otherwise, just make sure you use a trusted broker with segregated client accounts, that is FSA authorised.
<snip>
Hope that helps
Mark
I'm from Halo Financial, a British Expats vendor/advertiser, so if you are interested in finding out how we can help you then send me a private message. Otherwise, just make sure you use a trusted broker with segregated client accounts, that is FSA authorised.
<snip>
Hope that helps
Mark
Last edited by Bob; Feb 25th 2013 at 3:36 pm. Reason: follow on
Feb 25th 2013, 7:58 am
#32
Vendor
Joined: Feb 2013
Location: London
Posts: 139
Re: GBP/AED rate: who is sending money home now?
Hi
If the question is asking about achieving a good exchange rate - and I have given an unbiased response...its fine...well so I've been told by the moderators ...but no worries I wont comment any further. cheers
If the question is asking about achieving a good exchange rate - and I have given an unbiased response...its fine...well so I've been told by the moderators ...but no worries I wont comment any further. cheers
Feb 25th 2013, 3:38 pm
#33
BE Site Lead
Joined: Aug 2004
Location: MA, USA
Posts: 92,170
Re: GBP/AED rate: who is sending money home now?
Anyway, don't know if XE.com operate in the ME, but they get recommended a lot in other parts of BE.
Feb 25th 2013, 3:40 pm
#34
Vendor
Joined: Feb 2013
Location: London
Posts: 139
Re: GBP/AED rate: who is sending money home now?
no worries many thanks
Mark
Mark
Feb 25th 2013, 3:44 pm
#35
Forum Regular
Joined: Apr 2010
Posts: 79
Re: GBP/AED rate: who is sending money home now?
I tried using the service that Meow offered to connect me to (after I had asked her, she didn't push it on me). To be frank, I was disappointed at how slow in responding to emails & phone calls the service was, never calling back when they said they would, and never fully explaining how I could transfer from OMR to UK, without involving an AED transfer.
For the sake of 0.01% difference between their rates and my bank (HSBC Premier) I use the bank to transfer directly, and "free", to my GBP bank account with HSBC here. Then when I need cash in the UK, I transfer what I need to my UK HSBC account from here to UK, all in GBP and charge free.
For the sake of 0.01% difference between their rates and my bank (HSBC Premier) I use the bank to transfer directly, and "free", to my GBP bank account with HSBC here. Then when I need cash in the UK, I transfer what I need to my UK HSBC account from here to UK, all in GBP and charge free.
Mar 7th 2013, 7:01 am
#36
Lost in BE Cyberspace
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Joined: Jul 2007
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Re: GBP/AED rate: who is sending money home now?
From an interbank viewpoint, the rate has briefly dipped below 5.50 this morning......... recovered a little, but..........
Mar 7th 2013, 7:56 am
#37
If I have to explain...
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Mar 8th 2013, 6:09 am
#39
...---...
Joined: Mar 2012
Posts: 484
Re: GBP/AED rate: who is sending money home now?
I think once Carney gets in he will start QE in earnest. It was pretty obvious yesterday's BOE decision was so as to give Carney something to work with. With him at the helm and Tucker saying Sterling needs to be devalued even more then I am holding out for the £ to fall to 1.40 against the $, so should be around 5.25 for AED to £ exchange.
Mar 8th 2013, 6:16 am
#40
If I have to explain...
Joined: Sep 2008
Location: Where ever the road takes me
Posts: 3,999
....but I do have a strange tension in my futt???
Mar 8th 2013, 7:15 am
#41
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Joined: Nov 2012
Location: bute
Posts: 9,740
Re: GBP/AED rate: who is sending money home now?
7% decline in value of £ as measured against a basket of currencies in the last 12 months. But the bankers and old etonians continue to tell us "TINA !"
Mar 12th 2013, 11:19 am
#42
BE Forum Addict
Joined: Aug 2011
Posts: 2,578
Re: GBP/AED rate: who is sending money home now?
And the fall continues, but when will it stop?
http://finance.yahoo.com/q/bc?s=GBPA...=on&z=m&q=l&c=
http://finance.yahoo.com/q/bc?s=GBPA...=on&z=m&q=l&c=
Jul 5th 2013, 4:43 am
#43
...---...
Joined: Mar 2012
Posts: 484
Re: GBP/AED rate: who is sending money home now?
Good old Carney. He has barely pulled his chair up to his desk and the pound has started it's decline. He is know as a big fan of QE and it appears to be a open secret that inflating away UK debt will be his strategy. I expect to see the 1.40 against the $ during his tenure, perhaps even this year.
Jul 5th 2013, 5:28 am
#44
Lost in BE Cyberspace
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Joined: Jul 2007
Posts: 13,553
Re: GBP/AED rate: who is sending money home now?
Good old Carney. He has barely pulled his chair up to his desk and the pound has started it's decline. He is know as a big fan of QE and it appears to be a open secret that inflating away UK debt will be his strategy. I expect to see the 1.40 against the $ during his tenure, perhaps even this year.
One obstacle that might stand in the way of 1.40? If gold hunters start to think gold is oversold, and start buying again, the USD will weaken against everything - even GBP.........
Jul 6th 2013, 8:03 pm
#45
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Re: GBP/AED rate: who is sending money home now?
Yes - and just as the US winds down its own programme of 'easing'. Quite a pleasant surprise to return to my desk yesterday to see that vertical downward line on the intra-day chart...........
One obstacle that might stand in the way of 1.40? If gold hunters start to think gold is oversold, and start buying again, the USD will weaken against everything - even GBP.........
One obstacle that might stand in the way of 1.40? If gold hunters start to think gold is oversold, and start buying again, the USD will weaken against everything - even GBP.........
