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The exchange rate £1=$1.15

The exchange rate £1=$1.15

Old Mar 19th 2020, 4:32 am
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Default The exchange rate £1=$1.15

How low can it go, it has to suck if you are paid pensions etc in pounds, awesome if you planning a trip over in the future.
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Old Mar 19th 2020, 1:37 pm
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Default Re: The exchange rate £1=$1.15

My Navy pensions are paid in $ direct to my US bank..
Assuming its going to be a bad few months.

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Old Mar 19th 2020, 1:41 pm
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Default Re: The exchange rate £1=$1.15

Originally Posted by Ash UK/US View Post
..... if you planning a trip over in the future.
.... I don't expect to be able to get back before 2022, and if travel is possible before then I will be pleasantly surprised.
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Old Mar 19th 2020, 1:47 pm
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Default Re: The exchange rate £1=$1.15

In March 1985 £1 = $1.08. Five years earlier it was $2.40!
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Old Mar 19th 2020, 2:03 pm
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Default Re: The exchange rate £1=$1.15

Originally Posted by MidAtlantic View Post
In March 1985 £1 = $1.08. ...
In fairness that was for a very short time, and quickly bounced back to the $1.30 range. I think that one one day, intra-day, the rate actually got as low as around $1.04
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Old Mar 19th 2020, 2:47 pm
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Default Re: The exchange rate £1=$1.15

If the UK buy to let business implodes the BOE might have to print some more money.
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Old Mar 19th 2020, 2:58 pm
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Default Re: The exchange rate £1=$1.15

Originally Posted by MidAtlantic View Post
In March 1985 £1 = $1.08. Five years earlier it was $2.40!

Getting your pension from Canada has been dismal for years now and today it is even worse as it 1 CND = $.69 US
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Old Mar 19th 2020, 11:14 pm
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Default Re: The exchange rate £1=$1.15

IIRC $1 CAD was $0.65 at some point in 2002. Then gas prices skyrocketed.
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Old Mar 19th 2020, 11:15 pm
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Default Re: The exchange rate £1=$1.15

Originally Posted by Pulaski View Post
.... I don't expect to be able to get back before 2022, and if travel is possible before then I will be pleasantly surprised.
It might be physically possible, but I wonder if it will be financially possible. I can see just a few airlines and very high prices.
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Old Mar 19th 2020, 11:39 pm
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Default Re: The exchange rate £1=$1.15

Originally Posted by neill View Post
IIRC $1 CAD was $0.65 at some point in 2002. Then gas prices skyrocketed.
It was, did hit parity or just above parity through the great recession, and started falling, kind of got stuck in the mid 70 cent range up and down from there, but has taken a tumble and I wont be surprised if it gets into the low 60 cent range, it will kill small US border towns again along with making life in Canada more expensive.

Times like this I wish I had the ability to invest into US dollars, they would come in handy right now.
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Old Mar 19th 2020, 11:49 pm
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Default Re: The exchange rate £1=$1.15

Originally Posted by lansbury View Post
It might be physically possible, but I wonder if it will be financially possible. I can see just a few airlines and very high prices.
I imagine we may see some airlines go under, and others nationalized. If push came to shove and Air Canada got to the point it could not survive, I could see Canadian government taking control as a crown corporation again. They wont let Air Canada fail, they may let other airlines fail however.





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Old Mar 20th 2020, 1:43 am
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Default Re: The exchange rate £1=$1.15

Originally Posted by lansbury View Post
It might be physically possible, but I wonder if it will be financially possible. I can see just a few airlines and very high prices.
If half, or more, of the global fleet is mothballed, a new airline could buy up aircraft for not much more than the scrap value of their weight in aluminum, in a world where there is low demand for aircraft, and offer tickets at a decent price. It is possible, whether it will happen, and when, is a whole other matter!
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Old Mar 21st 2020, 10:58 am
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Default Re: The exchange rate £1=$1.15

Originally Posted by Pulaski View Post
If half, or more, of the global fleet is mothballed, a new airline could buy up aircraft for not much more than the scrap value of their weight in aluminum, in a world where there is low demand for aircraft, and offer tickets at a decent price. It is possible, whether it will happen, and when, is a whole other matter!
Can't say I find the thought of flying cattle class with 400 other cheapskates packed into a Jakarta Air 737 too appealing!!
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Old Mar 21st 2020, 9:50 pm
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Default Re: The exchange rate £1=$1.15

Originally Posted by Pulaski View Post
If half, or more, of the global fleet is mothballed, a new airline could buy up aircraft for not much more than the scrap value of their weight in aluminum, in a world where there is low demand for aircraft, and offer tickets at a decent price. It is possible, whether it will happen, and when, is a whole other matter!
This is true, and as morbid as it is, there will also be plenty of laid off pilots jumping into simulators to hone their skills, and plenty of laid off F/As chomping at the bit to travel again.
7 billion - 1% is still pretty much 7 billion. And those that traveled by plane 'before' want to travel again sooner or later.
The names of these airlines offering service are likely to be unrecognizable to what we know now. D
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Old Mar 22nd 2020, 2:46 am
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Default Re: The exchange rate £1=$1.15

Originally Posted by Pulaski View Post
If half, or more, of the global fleet is mothballed, a new airline could buy up aircraft for not much more than the scrap value of their weight in aluminum, in a world where there is low demand for aircraft, and offer tickets at a decent price. It is possible, whether it will happen, and when, is a whole other matter!
Indeed, in the next eighteen months, we will likely see vast fortunes shuffled around, like the highest stakes poker game of all time. There will be much decay, but some some new green shoots will grow from the dung.
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