Go Back  British Expats > Living & Moving Abroad > Middle East > The Sand Pit
Reload this Page >

Multi Year Payment - USD or GBP

Multi Year Payment - USD or GBP

Old Mar 9th 2015, 11:09 am
  #1  
BE Forum Addict
Thread Starter
 
Joined: Sep 2009
Location: Abu Dhabi
Posts: 1,800
Brains1983 has a reputation beyond reputeBrains1983 has a reputation beyond reputeBrains1983 has a reputation beyond reputeBrains1983 has a reputation beyond reputeBrains1983 has a reputation beyond reputeBrains1983 has a reputation beyond reputeBrains1983 has a reputation beyond reputeBrains1983 has a reputation beyond reputeBrains1983 has a reputation beyond reputeBrains1983 has a reputation beyond reputeBrains1983 has a reputation beyond repute
Default Multi Year Payment - USD or GBP

Afternoon bored. Struggling to make a decision on this, wondered what the general consensus is on the bored and any reasons why.

Option 1;
Payment of 1,345.83 GBP, every 4 months for the next 3 years (16,150.00 GBP)

Option 2;
Payment of 2,333.33 USD, every 4 months for the next 3 years (28,000.00 USD), which at today's rates is around 18,500.00 GBP.

Option 2 is obviously around 15% more expensive as of today, however I don't need to worry about any currency variation for the duration of the payment. Option 1 could work out a good bit cheaper or dearer than Option 2.

Now I know if anyone could predict the future of currencies, then they wouldn't likely be in the sandpit on this bored, but thought I'd throw it out there.

I'm leaning towards option 2, but would be interested to see what the rest of you think.

B
Brains1983 is offline  
Old Mar 9th 2015, 12:40 pm
  #2  
Millhouse is not a meme
 
Millhouse's Avatar
 
Joined: Aug 2009
Location: Disneyland, Dubai
Posts: 14,600
Millhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond repute
Default Re: Multi Year Payment - USD or GBP

Originally Posted by Brains1983 View Post
Afternoon bored. Struggling to make a decision on this, wondered what the general consensus is on the bored and any reasons why.

Option 1;
Payment of 1,345.83 GBP, every 4 months for the next 3 years (16,150.00 GBP)

Option 2;
Payment of 2,333.33 USD, every 4 months for the next 3 years (28,000.00 USD), which at today's rates is around 18,500.00 GBP.

Option 2 is obviously around 15% more expensive as of today, however I don't need to worry about any currency variation for the duration of the payment. Option 1 could work out a good bit cheaper or dearer than Option 2.

Now I know if anyone could predict the future of currencies, then they wouldn't likely be in the sandpit on this bored, but thought I'd throw it out there.

I'm leaning towards option 2, but would be interested to see what the rest of you think.

B
Match it to your income. Don't think about the rates (unless you are going to hedge it) as you won't predict them.
Millhouse is offline  
Old Mar 9th 2015, 5:35 pm
  #3  
Lost in BE Cyberspace
 
Joined: Nov 2012
Posts: 7,775
scot47 has a reputation beyond reputescot47 has a reputation beyond reputescot47 has a reputation beyond reputescot47 has a reputation beyond reputescot47 has a reputation beyond reputescot47 has a reputation beyond reputescot47 has a reputation beyond reputescot47 has a reputation beyond reputescot47 has a reputation beyond reputescot47 has a reputation beyond reputescot47 has a reputation beyond repute
Default Re: Multi Year Payment - USD or GBP

Betting on currencies. It makes a change from racehorses.
scot47 is offline  
Old Mar 10th 2015, 5:32 am
  #4  
BE Forum Addict
 
UKCityGent's Avatar
 
Joined: Feb 2007
Location: Kuwait
Posts: 1,131
UKCityGent has a reputation beyond reputeUKCityGent has a reputation beyond reputeUKCityGent has a reputation beyond reputeUKCityGent has a reputation beyond reputeUKCityGent has a reputation beyond reputeUKCityGent has a reputation beyond reputeUKCityGent has a reputation beyond reputeUKCityGent has a reputation beyond reputeUKCityGent has a reputation beyond reputeUKCityGent has a reputation beyond reputeUKCityGent has a reputation beyond repute
Default Re: Multi Year Payment - USD or GBP

Take out $ options
UKCityGent is offline  
Old Mar 11th 2015, 10:40 am
  #5  
womble
 
Joined: Sep 2005
Posts: 2,589
OriginalSunshine has a reputation beyond reputeOriginalSunshine has a reputation beyond reputeOriginalSunshine has a reputation beyond reputeOriginalSunshine has a reputation beyond reputeOriginalSunshine has a reputation beyond reputeOriginalSunshine has a reputation beyond reputeOriginalSunshine has a reputation beyond reputeOriginalSunshine has a reputation beyond reputeOriginalSunshine has a reputation beyond reputeOriginalSunshine has a reputation beyond reputeOriginalSunshine has a reputation beyond repute
Default Re: Multi Year Payment - USD or GBP

Originally Posted by Millhouse View Post
Match it to your income. Don't think about the rates (unless you are going to hedge it) as you won't predict them.
Exactly
OriginalSunshine is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Contact Us Archive Advertising Cookie Policy Privacy Statement Terms of Service

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.