Soon be 7
May 24th 2009, 3:48 am
#1
Thread Starter
Joined: Jun 2008
Posts: 1,271
Soon be 7
Well the dhs /uk pound rate is certainly gathering momentum, went from 5.6 to 5.92 last week, soon be back to the 7.2 as it was when I arrived.
May 24th 2009, 4:05 am
#2
Lost in BE Cyberspace
Joined: Sep 2006
Posts: 18,187
Re: Soon be 7
yahoo....here's hoping so...
MM, xx
MM, xx
May 24th 2009, 6:38 am
#5
why ayeeeee man!
Joined: Jan 2008
Location: Disco Gardens...
Posts: 11,370
May 24th 2009, 6:40 am
#6
Bored liberal
Joined: Feb 2007
Location: Over there ----->
Posts: 13,713
Re: Soon be 7
It won't go back to 7 as that means the Sterling:USD rate would have to get to over 1:1.85 (ish) and it won't in the near future.
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May 24th 2009, 9:45 am
#10
Joined: Apr 2008
Posts: 872
Re: Soon be 7
stick with the USD (for now) the GBP is only getting better by virtue of the USD being weaker. so it's no real confidence (more or less) in the GBP, it's just lack of confidence in the USD. even then, this is more of a 'blip' than anything else based on a few sensationalist reports. (yes, the US needs to worry about inflation, but we haven't even begun to see the turn around and the US really pick up)
so, the USD may be a little lower (maybe 1.65) for a week or two, then we'll see it go back down below the 1.60 mark and stay there until after the british elections. (then god knows after that!)
(right, i've written it now, let's watch this all come back and bite me in the arse!
)
May 24th 2009, 9:55 am
#11
banned
Joined: Oct 2008
Posts: 7,611
Re: Soon be 7
stick with the USD (for now) the GBP is only getting better by virtue of the USD being weaker. so it's no real confidence (more or less) in the GBP, it's just lack of confidence in the USD. even then, this is more of a 'blip' than anything else based on a few sensationalist reports. (yes, the US needs to worry about inflation, but we haven't even begun to see the turn around and the US really pick up)
so, the USD may be a little lower (maybe 1.65) for a week or two, then we'll see it go back down below the 1.60 mark and stay there until after the british elections. (then god knows after that!)
(right, i've written it now, let's watch this all come back and bite me in the arse!
)i did get a 1.79 transfer rate so its not all bad.....
May 25th 2009, 5:59 am
#12
Go on.. Pull my finger..
Joined: Jul 2008
Location: Dubai
Posts: 5,726
Re: Soon be 7
Aye, I was on a USD contract from 2001 till 2007, then was switched to a GBP contract... Pretty sure I have lost a couple of annual salaries worth in exchange rate calculations....
May 25th 2009, 8:02 am
#13
MODERATOR
Joined: Dec 2004
Location: Dubai
Posts: 6,373
Re: Soon be 7
Because you live here and the local currency is pegged to the dollar so you won't have to suffer effective income drops of 20% plus within a few months just because there's a recession on perhaps?
N.
N.
May 25th 2009, 8:53 am
#14
BE Enthusiast
Joined: Apr 2008
Posts: 380
Re: Soon be 7
That clearly depends on where you spend most of your money, right? If you have housing, education, health, car, etc paid for... it is not clear to me that you would prefer to be paid in dirhams instead of GBP.
May 25th 2009, 2:59 pm
#15
???
Joined: Apr 2009
Location: dubai
Posts: 355
Re: Soon be 7
doesn't really both me, I get paid in Dinky D's, and spend them, and then spend more, and then more - occasionally saving them (if I really have to) - I try not to convert back to pounds but have obviously taken advantage of the low rate against the pound recently by transferring so that I can go and spend even more next week in the UK