billgates

[I wonder if they monitor sites like this....]

Mitzyboy

Good luck with emailing them. I did last year several times to get rates for USD & euro amounts and they never replied

bobd22

£ continues it's downward trend always concerns me when it goes below the 1.18 point as last time it just plummeted from there and seems to struggle to get back up. It is quit amazing really how quickly it swings from one to the other.

Domino

seems like some of those currency traders are taking a pop at the £sterling again. Looks like a few new cars, holidays etc are needed before the end of the financial year.

Perhaps they should go back to trading pork belly slices

bobd22

There was an American (I think) Currency Bod on the Politics show this lunchtime saying that the £ was in for a sharp devaluation, when they said well that is ongoing he said, I mean a sharp devaluation? so looks like as you say they have their sights on it.

Domino

probably find that Osbourne is up to it, especially as now we don't have to worry about the ERM or the Euro, better still we don't have Panda Lamont to run around panicing

many have been saying for some time the £ is over valued, but it isn't just its relationship with dodgy currencies like the €uro but the rest of the world as well. I know the $ is defacto currency for things like oil but they don't exactly set the world alight either.

`

bobd22

Yes I am sure Osborne is quite happy at the minute he no doubt thinks let the Euro take the strain and we'll get cheap exports? although didn't really seem to work that way last time. I have enough in Spain to last me for a few trips and pay my bills I will just keep my pounds hoping it will get better.

Domino

I must say I get very angry at "foreigners" telling us how we should do this and do that, like well, we are plain stupid.
and British media seems to thrive on using them

Bri and Katee

we got 1.1962 which was set on the 4th january, the transfer actually took place on the 12th, don't know if this helps you or not.

z0s0

I'd be careful with this strategy.

The critical question is: Do you want to be a currency speculator? If not, I'd recommend just making regular transfers as needed so your "effective rate" over the long term simply follows the average.

When you take a position; in this case expecting that the GBP will recover, you are in much the same boat as the pundits. i.e. expressing speculative opinions but really not in any better position to predict the future (arguably in a worse position, depending on the pundit).

Take the average and you won't lose too much sleep over what might have been

bobd22

I have done that when I had a mortgage. At the moment I have enough money in Spain to pay my bills and for spending money for the next 12 months. I tend to only move small amounts these days so far from speculating I am just in a position that I do not need to move money right now. yes you are are right it may go down and not pick up as you say who knows. I am far from a speculator believe me.

Kath Las Colinas

On January 14th I got 1.1781
Kath

Mitzyboy

Which is about the same as me a few days later from Currencies Direct

So what conclusion do we draw from this? They are all offering roughly the same rates as you can draw from an ATM now?

Library Ticket

We got 1.1904 on 16 Jan with CurrencyFair.

Domino

my last ATM withdrawal also had £2 transaction charge as well as a rubbish rate of exchange.

although I have an XE.COM account have never used it. (yet)