Currency fair users
#1
BE Enthusiast
Thread Starter
Joined: Apr 2008
Posts: 385
Currency fair users
Thanks all for the tips re above & I have just set up an account & transferred my first credit in sterling & want some euros.
I see the best offer today is 1.16 which I am quite happy with but I like a gamble so am thinking of setting up an offer.
Question is for you cf experts -
The posted offers on the screen - I don't need to match in full do I, I see some pretty large sums on there so assume I can just take say 1k out of the 200k offer?
This maybe a stupid question, apologies, but why is the best rate at 1.16 in the middle of a range say 1.14 - 1.2, is that because there is a mix of buys & sells?
Thanks v much in advance, much appreciated.
I see the best offer today is 1.16 which I am quite happy with but I like a gamble so am thinking of setting up an offer.
Question is for you cf experts -
The posted offers on the screen - I don't need to match in full do I, I see some pretty large sums on there so assume I can just take say 1k out of the 200k offer?
This maybe a stupid question, apologies, but why is the best rate at 1.16 in the middle of a range say 1.14 - 1.2, is that because there is a mix of buys & sells?
Thanks v much in advance, much appreciated.
Last edited by poolboy; Oct 30th 2013 at 2:00 pm.
#2
Lost in BE Cyberspace
Joined: Feb 2008
Posts: 5,624
Re: Currency fair users
That's my understanding of how it works
#3
Lost in BE Cyberspace
Joined: Feb 2008
Posts: 5,624
Re: Currency fair users
The reason for 1.16 as you say I would think is because that is the highest rate that someone is prepared to sell now. So say they have 20,000 Euros to sell and you bought the last 2,000. Then you would see the rate fall to next highest on offer. Again just my understanding of how it works.