Exchange rate - £ into $...
Nov 29th 2003, 11:14 pm
#31
Joined: Dec 2001
Location: Dixie, ex UK
Posts: 52,448
Originally posted by sibsie ..... The last time I recall the rate being £1 = $2 was around 1991 and I can vaguely remember it being on a parity. ....
Originally posted by bromleygirl
..... I'm in the U.S., getting divorced and moving back to the UK with what I thought would be enough for a down payment for a house. ......
..... I'm in the U.S., getting divorced and moving back to the UK with what I thought would be enough for a down payment for a house. ......
Last edited by Pulaski; Nov 29th 2003 at 11:17 pm.
Nov 30th 2003, 12:14 am
#32
C.G.D.S
Joined: Nov 2003
Location: Ireland--->London--->Spain--->Rockport, MA
Posts: 3,353
Originally posted by Pulaski
The £/$ rate topped out at about $1.90/£ in the early 90's, and never dropped below $1.04/£ at the low point, which was in 1987, I think.
The £/$ rate topped out at about $1.90/£ in the early 90's, and never dropped below $1.04/£ at the low point, which was in 1987, I think.
Nov 30th 2003, 4:22 am
#33
Joined: Dec 2001
Location: Dixie, ex UK
Posts: 52,448
Originally posted by sibsie
.... or at least til the UK converts to the Euro.
.... or at least til the UK converts to the Euro.
Nov 30th 2003, 4:56 am
#34
Guest
Posts: n/a
It has gone a bit quiet in UK about implementing the euro recently but when did the wishes of the electorate or of the MP's affect Blair's determination to do anything?
If he gets in again I'll bet he'd go for it.
At least the pound/euro seems to have stabilized for the moment - more than anyone can say for the greenback.
Europe is getting to be very expensive for dollar tourists now.
Still at least Sibsie will get a good rate for her euros when she sells her home in Spain.
If he gets in again I'll bet he'd go for it.
At least the pound/euro seems to have stabilized for the moment - more than anyone can say for the greenback.
Europe is getting to be very expensive for dollar tourists now.
Still at least Sibsie will get a good rate for her euros when she sells her home in Spain.
Nov 30th 2003, 9:29 am
#35
C.G.D.S
Joined: Nov 2003
Location: Ireland--->London--->Spain--->Rockport, MA
Posts: 3,353
Pulaski I do keep abreast of things in the UK but I still think that Sterling to Euro conversion is an eventuality. Germany is an economic nightmare at the moment and has been for a couple of years.
Nov 30th 2003, 1:54 pm
#36
BE Forum Addict
Joined: Nov 2002
Location: Harbor Springs, Michigan *again*
Posts: 2,340
well darn !! I'm off home to blighty next week for a few days with my family, looks like my spendies will be a bit on the low side.
*sigh*
Jan
*sigh*
Jan
Nov 30th 2003, 7:47 pm
#37
Ping-ponger
Joined: Jul 2002
Location: Dreich Alba
Posts: 12,010
Historic rates
Don't know if anyone has posted this site before, but if you are interested in historic trends, see:
http://research.stlouisfed.org/fred2/data/EXUSUK.txt
- only monthy trends, but interesting nevertheless.
http://research.stlouisfed.org/fred2/data/EXUSUK.txt
- only monthy trends, but interesting nevertheless.
Nov 30th 2003, 8:22 pm
#38
Forum Regular
Joined: Aug 2003
Posts: 129
Re: Historic rates
Thanx for posting that dunroving, that's very interesting, havn't come across it before!
Dec 16th 2003, 6:40 pm
#39
British/Irish(ish) Duncs
Joined: Jan 2003
Location: Cambridge MA, via Mississippi and Belfast Northern Ireland.
Posts: 700
Re: Exchange rate - £ into $...
Originally posted by Duncs
HA right again. It broke £1 = $1.70 today and down from here it goes. i can see it holding this a while longer and making it to $1.75 but dont risk your money on my guesses. Alternatively if it drops back then this is probably the high point so take it if you can.
regards,
Duncan
HA right again. It broke £1 = $1.70 today and down from here it goes. i can see it holding this a while longer and making it to $1.75 but dont risk your money on my guesses. Alternatively if it drops back then this is probably the high point so take it if you can.
regards,
Duncan
regards,
Duncan
Dec 16th 2003, 6:57 pm
#40
Not living a 9 to 5 life
Joined: Jun 2002
Location: North Carolina
Posts: 11,061
Re: Exchange rate - £ into $...
Originally posted by Duncs
Todays price $1.755 looks like i was right. I would reckon on continuing decline and a price of $1.80 looks possible maybe even lower. The structural weakness is still there and it will need a lot of correction to change the picture.
regards,
Duncan
Todays price $1.755 looks like i was right. I would reckon on continuing decline and a price of $1.80 looks possible maybe even lower. The structural weakness is still there and it will need a lot of correction to change the picture.
regards,
Duncan
I kept a UK checking/current account open since I moved to the US. I will be withdrawing cash from this account with my UK debit card and so won't loose out on both the exchange rate, commission and charges that would be applied if I used a Visa card.
Also, a while back, someone posted to say that Barclays has an agreement with Bank of America so that Barclays customers using their Barclays debit card to withdraw cash from a Bank of America ATM do NOT get charged fees.
I just withdrew some cash (as a test) doing just that. I'll shortly find out if this is really true.
NC Penguin
Last edited by NC Penguin; Dec 17th 2003 at 4:44 pm.
Dec 17th 2003, 7:24 am
#41
Lost in BE Cyberspace
Joined: Oct 2003
Posts: 22,105
Re: Exchange rate - £ into $...
Originally posted by Duncs
Todays price $1.755 looks like i was right. I would reckon on continuing decline and a price of $1.80 looks possible maybe even lower. The structural weakness is still there and it will need a lot of correction to change the picture.
regards,
Duncan
Todays price $1.755 looks like i was right. I would reckon on continuing decline and a price of $1.80 looks possible maybe even lower. The structural weakness is still there and it will need a lot of correction to change the picture.
regards,
Duncan
Woohoo, things are definitely looking up! Maybe this will last until we exchange money in January!
Dec 17th 2003, 8:31 am
#42
Forum Regular
Joined: Aug 2003
Posts: 129
Re: Exchange rate - £ into $...
Do you think with the capture of Saddam that the dollar might strengthen? I am planning to exchange pounds to dollars & the rate is very good but I won't be exchanging until feb 2004 so was wondering if that might have some affect to the poumd VS dollar
Dec 17th 2003, 9:05 am
#43
Lost in BE Cyberspace
Joined: Oct 2003
Posts: 22,105
Re: Exchange rate - £ into $...
Originally posted by weiser
Do you think with the capture of Saddam that the dollar might strengthen? I am planning to exchange pounds to dollars & the rate is very good but I won't be exchanging until feb 2004 so was wondering if that might have some affect to the poumd VS dollar
Do you think with the capture of Saddam that the dollar might strengthen? I am planning to exchange pounds to dollars & the rate is very good but I won't be exchanging until feb 2004 so was wondering if that might have some affect to the poumd VS dollar
Dec 17th 2003, 7:34 pm
#44
British/Irish(ish) Duncs
Joined: Jan 2003
Location: Cambridge MA, via Mississippi and Belfast Northern Ireland.
Posts: 700
Re: Exchange rate - £ into $...
Originally posted by weiser
Do you think with the capture of Saddam that the dollar might strengthen? I am planning to exchange pounds to dollars & the rate is very good but I won't be exchanging until feb 2004 so was wondering if that might have some affect to the poumd VS dollar
Do you think with the capture of Saddam that the dollar might strengthen? I am planning to exchange pounds to dollars & the rate is very good but I won't be exchanging until feb 2004 so was wondering if that might have some affect to the poumd VS dollar
Word of warning i am not a professional money analyst so dont think this is special advice. But i have an interest in economics and i read a lot. So these are my best guesses.
regards,
Duncan
Dec 17th 2003, 7:43 pm
#45
Forum Regular
Joined: Aug 2003
Posts: 129
Re: Exchange rate - £ into $...
thanx Duncs, that makes me alittle happier now. So in your opinion the dollar is on a downward trend for how long? anything longer than 2-3months is good in my books :-)