View Full Version : What's Going on with the Dollar rate???
Here's hoping our predictions are correct.
FraserLynn
06-06-2009, 15:38
<blockquote id="quote" class="ffs">quote:Originally posted by BIGEYE
Ended at $1.5993 I think. What's your forecast for next week Grandad? My guess is that the downward trend will continue albeit slowly (I hope I'm wrong), and start to recover toward the end of the week.
[/quote]
Still a great rate compared with earlier in the year, I would have been thrilled with anything near 1.60 in Feb
Katys Grandad
09-06-2009, 16:54
Looking OK today at almost $1.62.
Yes nice to see it heading upwards again.
sammibabe
09-06-2009, 23:34
I love reading your posts Katy's Grandad (and always wonder about Katy!); forcasts, guesses, call them what you will they're still better than my knowledge or lack of[msnwink]
Katys Grandad
10-06-2009, 00:20
<blockquote id="quote" class="ffs">quote:Originally posted by sammibabe
I love reading your posts Katy's Grandad (and always wonder about Katy!); forcasts, guesses, call them what you will they're still better than my knowledge or lack of[msnwink]
[/quote]
That's very kind of you.
Katy's my 7 year old granddaughter (obviously!) but I also have 2 grandsons. We took them all to Florida a couple of years ago and they loved it. The dollar rate would have to go to about $4/£1 for me to afford to do that again.[msnsad]
sammibabe
10-06-2009, 01:03
lol. But still have treasured memories and some great pics I bet[msnsmile]
$1.6366 on Bloomberg this morning, would be nice to hit the $1.70 mark in the next couple of weeks.
Onwards & Upwards as they say
mfairhurst
10-06-2009, 14:13
At last it is heading the right way and can see Florida being much more popular than Europe for a vacation.
MAUREEN
www.onlinefloridavillas.com/villas/1683.aspx
grayster
10-06-2009, 19:38
except £ just hit a 2009 high against $
grayster
10-06-2009, 19:39
<blockquote id="quote" class="ffs">quote:Originally posted by grayster
except £ just hit a 2009 high against $
[/quote]
I should say £ just hit a 2009 high against €
So glad your right with your predictions Katysgrandad, you seem to know what your talking about, Im off to buy some currency tomorrow, So what do you reckon for the dollar next week?:D:D:D
FraserLynn
11-06-2009, 04:38
The £ seems to be doing well against all currencies at the moment, long may it continue [msnsmile2]
I for one would never have expected such a strong recovery after such a dismal start to the year.
Katys Grandad
11-06-2009, 06:17
<blockquote id="quote" class="ffs">quote:Originally posted by steelo
So glad your right with your predictions Katysgrandad, you seem to know what your talking about, Im off to buy some currency tomorrow, So what do you reckon for the dollar next week?:D:D:D
[/quote]
:D:D
Very flattering ([msnwink]) but I'm afraid I really don't have any more knowledge in this area than anybody else. I do follow currencies and make occasional spread bets as a hobby but I'd hate for anybody on here to make decisions with their money based on my thoughts. We haven't even reached the end of this week yet so my fun prediction could all too easily prove to be wrong. Let's face it, we all have a 50% chance of being right when we predict a rise or fall. My own strategy is to buy or sell when I'm happy with a particular level but I by no means get that right every time.
The Pound is certainly higher than it was earlier in the year but much lower than it was 12 months ago. I didn't see either of those moves coming!
Dollar at $1.64 & Euro 1.17
FraserLynn
11-06-2009, 20:03
<blockquote id="quote" class="ffs">quote:Originally posted by mfairhurst
At last it is heading the right way and can see Florida being much more popular than Europe for a vacation.
MAUREEN
www.onlinefloridavillas.com/villas/1683.aspx[/quote]Not sure I follow your logic with that one as the euro exchange rate has increased further than the dollar this year. The euro is up 13% since Jan 1st whilst the dollar is up 11%.
Either way, it is good news for all holiday makers as both are on the rise.
Katys Grandad
12-06-2009, 00:16
<blockquote id="quote" class="ffs">quote:Originally posted by FraserLynn
<blockquote id="quote" class="ffs">quote:Originally posted by mfairhurst
At last it is heading the right way and can see Florida being much more popular than Europe for a vacation.
MAUREEN
www.onlinefloridavillas.com/villas/1683.aspx
[/quote]
Not sure I follow your logic with that one as the euro exchange rate has increased further than the dollar this year. The euro is up 13% since Jan 1st whilst the dollar is up 11%.
Either way, it is good news for all holiday makers as both are on the rise.
[/quote]
Absolutely right. The Dollar has taken a bigger hit than the Euro over more or less any period you choose for the last year or so.
I never quite understand why people claim that a poor Euro exchange rate is a reason to go to the USA. For sure, there are many very good reasons to holiday in Florida but comparative exchange rates over the past 12 months really isn't one of them.
Anyway, the good news is that we're back at $1.66 this evening.[msnsmile]
Don't jinx it grandad, we still have tomorrow for our predictions, still it's looking good.
Katys Grandad
12-06-2009, 00:32
<blockquote id="quote" class="ffs">quote:Originally posted by BIGEYE
Don't jinx it grandad, we still have tomorrow for our predictions, still it's looking good.
[/quote]
I'll stick my neck out and predict that it won't drop below $1.60 by this time tomorrow.:D
Katys Grandad
12-06-2009, 21:56
<blockquote id="quote" class="ffs">quote:Originally posted by BIGEYE
Here's hoping our predictions are correct.
[/quote]
Not quite at the end of the trading week but as it's at $1.65 as I post I think we can call our predictions right!
Now then, what about next week BIGEYE?[msnwink]
My guess is a pattern very much like this week, a little bumpy, but finishing next week up at around $1.675.
Katys Grandad
12-06-2009, 22:29
A bit optimistic I think. I'll go for a little lower than today - $1.635.
Game on!!
Fairley steady today, never high than $1.66 and not lower than $1.63.
Will predict that this time next week the $ will be around the same. But my wish would be to top $1.70 :D
Katys Grandad
12-06-2009, 23:11
<blockquote id="quote" class="ffs">quote:Originally posted by becbecs
Fairley steady today, never high than $1.66 and not lower than $1.63.
Will predict that this time next week the $ will be around the same. But my wish would be to top $1.70 :D
[/quote]
I'll put you down for $1.65.:D:D:D
sammibabe
13-06-2009, 02:27
Watch this space - very interesting reading[msnwink]
I believe the £ will have 15-20% growth in value against the $ by the end of the year. Anyone else care to predict that far ahead?
mfairhurst
17-06-2009, 22:29
Dollar is $1.6278 at the moment hope it climbs a little more this week after the UK troubles .
MAUREEN
www.onlinefloridavillas.com/villas/1683.aspx
Katys Grandad
18-06-2009, 00:05
<blockquote id="quote" class="ffs">quote:Originally posted by Tonish
I believe the £ will have 15-20% growth in value against the $ by the end of the year. Anyone else care to predict that far ahead?
[/quote]
A 20% rise from today's level would take it to around $1.95 so I'll take the challenge! I'll say under $1.75 at year end.
(I hope you're right though[msnwink])
Im with you on that one (Katysgrandad) :D
FraserLynn
18-06-2009, 04:30
<blockquote id="quote" class="ffs">quote:Originally posted by Katys Grandad
<blockquote id="quote" class="ffs">quote:Originally posted by Tonish
I believe the £ will have 15-20% growth in value against the $ by the end of the year. Anyone else care to predict that far ahead?
[/quote]
A 20% rise from today's level would take it to around $1.95 so I'll take the challenge! I'll say under $1.75 at year end.
(I hope you're right though[msnwink])
[/quote]
I am feeling bullish, put me down for between $1.85 and $1.90 for year end, personally I think it has some way still to go. Whether it makes these numbers or not, the trend is still great news for everyone holidaying in Florida
Katys Grandad
19-06-2009, 21:33
<blockquote id="quote" class="ffs">quote:Originally posted by Katys Grandad
<blockquote id="quote" class="ffs">quote:Originally posted by becbecs
Fairley steady today, never high than $1.66 and not lower than $1.63.
Will predict that this time next week the $ will be around the same. But my wish would be to top $1.70 :D
[/quote]
I'll put you down for $1.65.:D:D:D
[/quote]
You win the prize (we don't have one by the way)!
Just about $1.65 as I post.
Hurrah, many thanks Katys Grandad.
Pure luck as you wil have guessed.
Fingers crossed it starts heading towards the $1.70 mark.
As we heading to Florida in October $1.75+ to the £ would be fabulous
What about end of next week...I'm going for $1.67
Katys Grandad
19-06-2009, 22:19
<blockquote id="quote" class="ffs">quote:Originally posted by BIGEYE
What about end of next week...I'm going for $1.67
[/quote]
Errrrr...$1.63.
The dollar doesn't seem to want to move much this week lowest I have seen is $1.62 and a high of $1.65.
When is it going to make that break and head to the $1.70 mark :D
Katys Grandad
23-06-2009, 17:34
I wouldn't be at all surprised to see it go (just) below $1.60 in the short term. My guess is that we aren't going to see $1.70 in the foreseeable future.
you're probably right grandad.
FraserLynn
24-06-2009, 02:15
Still, it feels good to be talking about how far it will climb now rather than the conversation at the start of the year about how far it was going to fall[msnwink] Long may it continue.
$1.6588 on Bloomberg at mid day today. [clap]
Katys Grandad
26-06-2009, 19:41
Looks like it's going to end up more or less at the same level as last week.
The pre-order xchange rate on sites like CCE has been creeping up very slowly, but still in the right direction. My guess for the end of next week is $1.66, I feel my last couple of predictions was more of a hope than anything else.
Has anyone here ever used hifx dot com to change large amounts for house purchase etc? Are they any good, are they legitimate, are there any hidden commissions or nasty surprises?
thanks in advance
G'day Anorak....wrong forum, wrong thread perhaps?
Anorak, I use them. Efficient, no hidden charges and very legitimate!
Sandra
Katys Grandad
30-06-2009, 11:06
Very encouraging $1.67 this morning.
Was just thinking that myself $1.67 Euro up to 1.18 also
Katys Grandad
30-06-2009, 19:24
Well that didn't last! $1.644 at the moment.
Katys Grandad
03-07-2009, 22:30
<blockquote id="quote" class="ffs">quote:Originally posted by BIGEYE
The pre-order xchange rate on sites like CCE has been creeping up very slowly, but still in the right direction. My guess for the end of next week is $1.66, I feel my last couple of predictions was more of a hope than anything else.
[/quote]
That turned out to be optimistic - after a good start to the week it's ending not much above $1.63.
Do we anticipate any more of a slide or maybe it's me that jinxed the rate. So let me go full swing and go for $1.625 at end of next week.
Katys Grandad
03-07-2009, 22:46
I'll go with $1.65 but with no confidence at all.
I'll stick with Katy's Grandad as thats the highest rate so far.
:D
I have changed curreny twice this year by pre-ordering on CCE, both times have been lucky as I have hit the top two rates that I have seen this year. If you track the exchange rates and have been following this thread, I think you just get a feel for 'when it is right' to change currency, but then again it could be just luck (and I am not at all lucky).
Katys Grandad
06-07-2009, 13:12
Starting the week just over $1.61 - down over 2 cents!
Yeah! And CCE have dropped their rate by 2.5c for the same delivery period from when I ordered a week or so ago.
Robert5988
08-07-2009, 11:04
An interesting discussion on currency rates on the radio early this morning.
A currency trader offered the view that the 20% rise from a low of £1 = $1.34 at the beginning of this year, to the current $1.61 could not be supported by the economic outlook for the UK economy and "there was plenty of potential" for it to drop to $1.50 by the Autumn.
He also considered that although the Euro had fallen about 15% from around parity, he did not see Sterling falling against that currency.
Katys Grandad
08-07-2009, 11:19
<blockquote id="quote" class="ffs">quote:Originally posted by Robert5988
An interesting discussion on currency rates on the radio early this morning.
A currency trader offered the view that the 20% rise from a low of £1 = $1.34 at the beginning of this year, to the current $1.61 could not be supported by the economic outlook for the UK economy and "there was plenty of potential" for it to drop to $1.50 by the Autumn.
He also considered that although the Euro had fallen about 15% from around parity, he did not see Sterling falling against that currency.
[/quote]
That does seem to be widely held view and the trend over the last couple of weeks or so has been downwards. As ever, predictions are pretty speculative.
Would be nice if it stayed above the $1.60 mark, fingers crossed.
<blockquote id="quote" class="ffs">quote:Originally posted by Robert5988
An interesting discussion on currency rates on the radio early this morning.
A currency trader offered the view that the 20% rise from a low of £1 = $1.34 at the beginning of this year, to the current $1.61 could not be supported by the economic outlook for the UK economy and "there was plenty of potential" for it to drop to $1.50 by the Autumn.
He also considered that although the Euro had fallen about 15% from around parity, he did not see Sterling falling against that currency.
[/quote]Interesting, I was speaking to some New York traders yesterday and they are very bearish about USD. Just goes to show that no-one has a clue!
Hi, would the general opinion of you guys be, buy some dollars now for a trip to Orlando next April, or wait and see. I appreciate nobody really knows but you all seem to have a good understanding of it all (better than me anyway).
Thanks Helen
Robert5988
09-07-2009, 18:27
<blockquote id="quote" class="ffs">quote:Hi, would the general opinion of you guys be, buy some dollars now for a trip to Orlando next April, or wait and see. I appreciate nobody really knows but you all seem to have a good understanding of it all (better than me anyway).[/quote]Depends on how you define 'understanding'!!
The best brains in the City(on both sides of the Atlantic) with access to every bit of financial intelligence are still only making an 'educated' guess - and even then they are far from unanimous.
You also have to factor in that you will lose interest on that money for 9 months, which is an effective loss of 3 cents or so.
So personally I wouldn't bother.
Hi Robert
Thanks for your reply, I think you're probably right. It's so difficult to tell but I guess there's no hurry so i'll hang fire. Thanks for your help.
Helen
Katys Grandad
10-07-2009, 22:46
After an 'up and down' week, it's ending at $1.62 so just a slight fall.
Seems stuck in the $1.60 - $1.65 range at the moment but none of the big daily falls and rises we saw so regularly a few months ago.
travelmoneyservices.co.uk are currently offering a rate of $1.68.3 for money ordered early next year
Robert5988
11-07-2009, 11:39
<blockquote id="quote" class="ffs">quote:travelmoneyservices.co.uk are currently offering a rate of $1.68.3 for money ordered early next year[/quote]If I am not much mistaken this firm are the same as Crown Currency Exchange; or at least they operate from the same address in Hayle Cornwall and their websites are almost identical.
As far as I can tell they are not registered with the FSA and you have no protection for your money. see
http://www.orlando-guide.info/forums/topic.asp?TOPIC_ID=30575&whichpage=8
Seems to have levelled out a little this week, $1.62 seems to be the avergae all week.
Katys Grandad
13-07-2009, 11:56
Starting the week down at $1.61 - more or less where it was this time last week.
Wonder if it will go up at all, Was going to go get some dollars today but at 1.53 on the high street i think i might wait a couple of more days to see how it goes [msnsmile2]
Its made a good start this morning up to £1.63, lets hope that the general trend is up.
Katys Grandad
14-07-2009, 14:57
Viewed over, say, the last 10 years these rates aren't at all bad. It's only when they're compared with the last 3 or 4 years that they seem very ordinary. I'd be reasonably happy with anything over $1.65 for my next visit in a few weeks time.
HI whats cce? and who is currently offering best rates??
Jaff - Crown Currency Exchange.
The rate can vary dependant on how much you are transferring over to USA. The more you send, the higher the rate.
Sandra
How secure are these companies though???
Good rates though
Katys Grandad
15-07-2009, 21:24
Nice rise today - $1.64 at the moment.
where are these figures coming from?
[msnscared]
Katys Grandad
16-07-2009, 21:52
<blockquote id="quote" class="ffs">quote:Originally posted by jaff
where are these figures coming from?
[msnscared]
[/quote]
They're the Foreign Exchange market rates which you won't get from Travel Agents or banks. Expect to get around 3 or 4 cents less from those sources.
Katys Grandad
17-07-2009, 21:34
Ending the week around $1.635 so up a little. Still stuck in the $1.60-1.65 range.
Just back from a week long course so been out of touch. Expecting my first delivery of $$'s from CCE next week which I got at $1.666. Looks like you won't be too far off the mark with your prediction Grandad, and isn't a bad deal within that range. I am going to plop for $1.64 by end of next week, and would guess that the range you gave is probably going to be the best we will see at least until year end.
Katys Grandad
18-07-2009, 11:53
<blockquote id="quote" class="ffs">quote:Originally posted by BIGEYE
Just back from a week long course so been out of touch. Expecting my first delivery of $$'s from CCE next week which I got at $1.666. Looks like you won't be too far off the mark with your prediction Grandad, and isn't a bad deal within that range. I am going to plop for $1.64 by end of next week, and would guess that the range you gave is probably going to be the best we will see at least until year end.
[/quote]
I'll stick my neck out and go for $1.66 by the end of the week. I still think some of the more optimistic predictions for the end of the year are off the mark though.
<blockquote id="quote" class="ffs">quote:Originally posted by Katys Grandad
<blockquote id="quote" class="ffs">quote:Originally posted by BIGEYE
Just back from a week long course so been out of touch. Expecting my first delivery of $$'s from CCE next week which I got at $1.666. Looks like you won't be too far off the mark with your prediction Grandad, and isn't a bad deal within that range. I am going to plop for $1.64 by end of next week, and would guess that the range you gave is probably going to be the best we will see at least until year end.
[/quote]
I'll stick my neck out and go for $1.66 by the end of the week. I still think some of the more optimistic predictions for the end of the year are off the mark though.
[/quote]
Regardless KG, I'm sticking with my prediction. We're going to be in the 1.90's by the end of the year. I'd stake my Michael Jackson concert ticket on it!
Madabouttigger
18-07-2009, 18:19
<blockquote id="quote" class="ffs">quote:Originally posted by Tonish
<blockquote id="quote" class="ffs">quote:Originally posted by Katys Grandad
<blockquote id="quote" class="ffs">quote:Originally posted by BIGEYE
Just back from a week long course so been out of touch. Expecting my first delivery of $$'s from CCE next week which I got at $1.666. Looks like you won't be too far off the mark with your prediction Grandad, and isn't a bad deal within that range. I am going to plop for $1.64 by end of next week, and would guess that the range you gave is probably going to be the best we will see at least until year end.
[/quote]
I'll stick my neck out and go for $1.66 by the end of the week. I still think some of the more optimistic predictions for the end of the year are off the mark though.
[/quote]
Regardless KG, I'm sticking with my prediction. We're going to be in the 1.90's by the end of the year. I'd stake my Michael Jackson concert ticket on it!
[/quote]
I sure hope so, may be time to think of booking to go back to that Island.....[msnwink]
Katys Grandad
18-07-2009, 23:22
<blockquote id="quote" class="ffs">quote:Originally posted by Madabouttigger
<blockquote id="quote" class="ffs">quote:Originally posted by Tonish
<blockquote id="quote" class="ffs">quote:Originally posted by Katys Grandad
Originally posted by BIGEYE
Just back from a week long course so been out of touch. Expecting my first delivery of $$'s from CCE next week which I got at $1.666. Looks like you won't be too far off the mark with your prediction Grandad, and isn't a bad deal within that range. I am going to plop for $1.64 by end of next week, and would guess that the range you gave is probably going to be the best we will see at least until year end.
I'll stick my neck out and go for $1.66 by the end of the week. I still think some of the more optimistic predictions for the end of the year are off the mark though.
Regardless KG, I'm sticking with my prediction. We're going to be in the 1.90's by the end of the year. I'd stake my Michael Jackson concert ticket on it!
[/quote]
I sure hope so, may be time to think of booking to go back to that Island.....[msnwink]
[/quote]
I'm back on 'that island' in a few weeks time Diane. I'll pass on your regards!
Madabouttigger
20-07-2009, 00:43
<blockquote id="quote" class="ffs">quote:Originally posted by Katys Grandad
<blockquote id="quote" class="ffs">quote:Originally posted by Madabouttigger
<blockquote id="quote" class="ffs">quote:Originally posted by Tonish
<blockquote id="quote" class="ffs">quote:Originally posted by Katys Grandad
Originally posted by BIGEYE
Just back from a week long course so been out of touch. Expecting my first delivery of $$'s from CCE next week which I got at $1.666. Looks like you won't be too far off the mark with your prediction Grandad, and isn't a bad deal within that range. I am going to plop for $1.64 by end of next week, and would guess that the range you gave is probably going to be the best we will see at least until year end.
I'll stick my neck out and go for $1.66 by the end of the week. I still think some of the more optimistic predictions for the end of the year are off the mark though.
Regardless KG, I'm sticking with my prediction. We're going to be in the 1.90's by the end of the year. I'd stake my Michael Jackson concert ticket on it!
[/quote]
I sure hope so, may be time to think of booking to go back to that Island.....[msnwink]
[/quote]
I'm back on 'that island' in a few weeks time Diane. I'll pass on your regards!
[/quote]
Oh no - you didn't need to tell me that!![msnwink] Can we have some more photos please? And I'm sure its your turn to do the trip report........[msnsmile2]
Katys Grandad
20-07-2009, 11:29
<blockquote id="quote" class="ffs">quote:
Oh no - you didn't need to tell me that!![msnwink] Can we have some more photos please? And I'm sure its your turn to do the trip report........[msnsmile2]
[/quote]
I'll see what I can do Diane but I'll be very busy doing nothing![msnsmile2]
Katys Grandad
20-07-2009, 11:31
Pound starting the week at a pretty promising $1.64. Can we break out over $1.65 this week?
Katys Grandad
20-07-2009, 21:05
Just over $1.65 this afternoon - fingers crossed!
Very Encouraging $1.65 most of the day, would be great to get near the $1.70 mark
jolliffee
21-07-2009, 22:00
<blockquote id="quote" class="ffs">quote:Originally posted by becbecs
Very Encouraging $1.65 most of the day, would be great to get near the $1.70 mark
[/quote]
That wold be great![msnsmile2]
Received my first lot of $$$ this morning from CCE, these were pre-ordered at $1.66. I was a bit apprehensive in pre-ordering currency, but what can I say...fantastic service!
Dollar has been a steady $1.64 - $1.65 all week. Would love it to breach the $1.65 and creep nearer to the $1.70 mark
shakinsteve
24-07-2009, 16:27
1.646 today on a curr website..
going in june2010 (maybe 1.85 by the end of the year..)
grayster
24-07-2009, 17:33
I bet 1.6/1.7 at year end (unless the Chinese start selling their $2,000bn big time and collapse the price). I'm enjoying these levels of normality. 1.38 was a killer.
Katys Grandad
24-07-2009, 22:18
Ending the week at $1645. Not bad but a bit disappointing given the strong start to the week.
mollymolly
25-07-2009, 00:13
<blockquote id="quote" class="ffs">quote:Originally posted by Katys Grandad
Ending the week at $1645. Not bad but a bit disappointing given the strong start to the week.
[/quote]
Wow !!! I'll have some of that!
Bernadette
Katys Grandad
25-07-2009, 00:42
<blockquote id="quote" class="ffs">quote:Originally posted by mollymolly
<blockquote id="quote" class="ffs">quote:Originally posted by Katys Grandad
Ending the week at $1645. Not bad but a bit disappointing given the strong start to the week.
[/quote]
Wow !!! I'll have some of that!
Bernadette
[/quote]
:D:D:D
I missed a decimal point there didn't I?[msnembarrased]
Katys Grandad
27-07-2009, 12:12
Starting the week over $1.65. I can't explain the reason or whether there even is a reason for it but I've noticed that the rate is pretty good Monday mornings and then falls away over the week.
Maybe Monday is the day to change your money?[msnwink]
Have used CCE for the last 8 years going to florida, this week ordered dollars for delivery 3/8/09 at $1.66, excellent service.[clap]
Just below $1.64 this morning, lets hope for some improvement throughout the rest of the week
FraserLynn
31-07-2009, 04:26
It looks to me like this might be the new level. It has been around the same rate for a number of weeks now and if you flatten off the highs and the lows then this a pretty standard level.
Whilst I am sure it could go up (or down) further, about 1.65 seems a good rate to me.
Doesn't seem to be able to break the $1.66 mark.
$1.65 still good, certainly compared with a few months ago.
mfairhurst
31-07-2009, 14:34
It is not bad at all and we can manage with this especialy gas over there at $2.43 per gallon as the goverment over here not know the barrel of oil has gone down 3 times .
If the dollar goes better it is a bonus .
MAUREEN
www.onlinefloridavillas.com/villas/1683.aspx
It is the oil companies that control the cost of fuel/oil. The government control the tax/duty rate, and this has included a 2p tax increase applied in April I think.
Katys Grandad
31-07-2009, 20:57
<blockquote id="quote" class="ffs">quote:Originally posted by becbecs
Doesn't seem to be able to break the $1.66 mark.
[/quote]
Spoke too soon! - $1.67 as I post this.[msnsmile]
Wow...good jump, I am leaving my prediction intentionally low as the rate seems to go the opposite way from my guess, so $1.645 for end of next week.
Isn't it funny how it seems to take ages for these rates to filter through to the high street.
Katys Grandad
31-07-2009, 21:52
Seems that it's more to do with Dollar weakness than Pound strength. Up over 2 cents since about 2.30 this afternoon.
I think we're stuck in a range at the moment and today we're very much at the higher end of it. I'll go for $1.66 this time next week.
FraserLynn
01-08-2009, 15:54
<blockquote id="quote" class="ffs">quote:Originally posted by mfairhurst
It is not bad at all and we can manage with this especialy gas over there at $2.43 per gallon as the goverment over here not know the barrel of oil has gone down 3 times .
If the dollar goes better it is a bonus .
MAUREEN
www.onlinefloridavillas.com/villas/1683.aspx
[/quote]
Compared to the UK, always a great price for petrol, but in the grand scheme of a cost of a florida holiday, our spend on petrol is a drop in the ocean (or oil field!)
Bloomberg is saying $1.67 this morning.
What a pleasant surprise, onwards & upwards hopefully
<blockquote id="quote" class="ffs">quote:Originally posted by Katys Grandad
Seems that it's more to do with Dollar weakness than Pound strength. Up over 2 cents since about 2.30 this afternoon.
I think we're stuck in a range at the moment and today we're very much at the higher end of it. I'll go for $1.66 this time next week.
[/quote]
Katys Grandad
03-08-2009, 12:32
Yet another good Monday morning start - around $1.674.
Just seen $1.69 on Bloomberg. Good Stuff
Katys Grandad
03-08-2009, 20:36
Indeed - that must be a 2009 high.
EDIT - Almost at $1.70 an hour ago. Easily a 2009 high.
blackhearts84
04-08-2009, 13:21
If you order on crown currency for a delivery in october your getting $1.7 today![msnsmile2]
I dunno if i should order today for the $1.7 or wait?
Bloomberg $1.6992 this morning
$1.7011 at lunch time.
Katys Grandad
05-08-2009, 22:22
Finishing the day at $1.7025. First time it's closed over $1.70 this year.
Excellent for all those dudes off in the next few days!!
Katys Grandad
06-08-2009, 08:14
<blockquote id="quote" class="ffs">quote:Originally posted by MJG
Excellent for all those dudes off in the next few days!!
[/quote]
This thread is a year old now and was started with the comment that the (then) rate of $1.91 was "so low" and several cents down on what it had been for a long time. A year on, and we're celebrating a rate of $1.70 - it's interesting how we've all come to accept these lower rates now.
Overall, $1.70 does offer good value for UK visitors but I do miss the $2/£1 if only because I could work it out in my head.[msnsmile2]
We have a shop in Falkirk giving good rates. They claim to beet any hight street prices so I will keep an eye on the rates and hit them when i wana buy some $$
It will probably be The Cheque Centre, they have branches all over. Yes, 98% of the time they have the best rate on the High St. and you can check the rate by Googling for No1 Currency. Still about 5c lower for each £ than you can get online though.
Katys Grandad
07-08-2009, 21:32
Disappointingly ending the week lower that where it started - just below $1.67 after some new 2009 highs over $1.70 in the last few days.
$1.70 still available from CCE, grab it if you can.
Bad start to the week fallen to $1.6480 [msncry]
Katys Grandad
10-08-2009, 21:50
Ouch!!!!
Just goes to show how utterly unpredictable all this is.
Anybody know the reasons behind the drop, all I can put it down to is the extra 50Billion pumped into the economy recently. But not being a financial chap in anyway don't really have a clue.
ShirleyD
11-08-2009, 13:07
<blockquote id="quote" class="ffs">quote:Originally posted by becbecs
Anybody know the reasons behind the drop, all I can put it down to is the extra 50Billion pumped into the economy recently. But not being a financial chap in anyway don't really have a clue.
[/quote]
That was my assumption too. As soon as any of these guys pull a face, the exchange rate drops.... I'm sure they know what they're doing [}:)]
Katys Grandad
11-08-2009, 17:53
It seems that last week's pumping more money into the economy suggests continuing inflation fears so interest rates are likely to remain where they are. That is bad news for Sterling when set against other currencies because of the relatively poor returns.
I thinkc you got it in one Grandad. BTW...quantative easing is the modern day terminology for devaluation (well it has the same effect).
Katys Grandad
14-08-2009, 20:57
Ending this week just over $1.65 - a little disappointing given last week's levels.
Katys Grandad
17-08-2009, 12:49
Poor start to the week at $1.63. Was looking good just 2 weeks ago but now back within the range it's been for some months now.
Katys Grandad
26-08-2009, 10:51
Not been a great couple of weeks for the Pound. After going over $1.70 and looking to go higher, we're back around $1.63 this week.
Would be nice to get back over $1.65 again and pushing towards the $1.70
Looks like the ass has fallen out of the £ now!
Katys Grandad
01-09-2009, 23:02
Certainly had a poor 2 or 3 weeks after hitting $1.70. Hopefully $1.60 provides a support level because I'd be worried if it went below that.
Katys Grandad
01-09-2009, 23:41
<blockquote id="quote" class="ffs">quote:Originally posted by BIGEYE
$1.595 by end of week.
[/quote]
Nah - over $1.60 (fingers crossed!)
From the BBC
"The pound has fallen to its lowest level since April against the euro after a warning that UK public debt levels may not be sustainable.
The Bank of England cautioned that foreign investors may not be as willing to purchase UK assets, thus hurting the pound's long-term exchange rate."
Well, we're certainly at a relative low, but I still bet on it climbing back up to the 190's by the end of the year. Although, I'm not a particularly successful gambler.
It has found it's level for the next few weeks.
Robert5988
22-09-2009, 02:29
<blockquote id="quote" class="ffs">quote:Well, we're certainly at a relative low, but I still bet on it climbing back up to the 190's by the end of the year. Although, I'm not a particularly successful gambler.[/quote]As another unsuccessful gambler, I will act as a Bookmaker if you wish and offer you 5 to 1 on that bet. You get five virtual pints if you are correct - I get just one if you are wrong.
I would be very surprised if the rate was above 1.60 by the end of the year!
Katys Grandad
23-09-2009, 00:45
<blockquote id="quote" class="ffs">quote:Originally posted by Robert5988
I would be very surprised if the rate was above 1.60 by the end of the year!
[/quote]
Maybe not below but I don't see it being much above £1.60.
A low level might suit some people Robert.[msnwink]
Lets hope that it attracts holiday makers to Florida as the Euro looks very depressing at the moment.
<blockquote id="quote" class="ffs">quote:Originally posted by Katys Grandad
<blockquote id="quote" class="ffs">quote:Originally posted by Robert5988
I would be very surprised if the rate was above 1.60 by the end of the year!
[/quote]
Maybe not below but I don't see it being much above £1.60.
A low level might suit some people Robert.[msnwink]
[/quote]
Katys Grandad
25-09-2009, 11:35
This morning the Pound has dropped below $1.60 for the first time for many months I think. Not a good sign.[msnsad]
$1.6004 on Bloomberg, seems to have settled around the $1.60 - $1.65 mark over the last few months. Better than March time when it was below $1.40
Katys Grandad
25-09-2009, 13:37
<blockquote id="quote" class="ffs">quote:Originally posted by becbecs
$1.6004 on Bloomberg, seems to have settled around the $1.60 - $1.65 mark over the last few months. Better than March time when it was below $1.40[/quote]Last time it was under $1.60 was in May but, as you say, at that time it was viewed as pretty good in terms of where it had been in the months prior to that. In terms of the last few months however, it's at the bottom end of the range now.
We were looking good around $1.70 just a few weeks ago and I'm just hoping this isn't the start of another fall like we saw around this time last year.
It certainly looks like I'm going to lose my virtual 5 pints. That'll teach me to listen to experts, but when I originally predicted 190's by the end of the year, it was on the basis of conversations with FX guys on both sides of the pond.
However, I am happy to give up 5 virtual pints as a low pound mostly works in my favour.
Looks like the £ is starting the week same as it finished last week, on the slippery downward slope, now about the same as it was November last year. For all those with upcoming hols and haven't changed their currency yet, well....you've missed the boat! The $1.66 that I got from CCE nows looks great, and the $1.595 I got on the high street last week also looks not too bad a deal.
Katys Grandad
28-09-2009, 09:59
I'd prefer it higher but if it keeps above $1.60 then it's not too bad. This week might be crucial on that though and it's made a very poor start.[msnsad]
$1.5828 just now, trending downwards. I guess that will fetch about $1.525 on the High Street today.
Katys Grandad
29-09-2009, 12:53
<blockquote id="quote" class="ffs">quote:Originally posted by BIGEYE I guess that will fetch about $1.525 on the High Street today.[/quote]Very good guess - M&S offering $1.526 this morning.[msnsad]
Back over $1.60 this morning. Gordon,s speech must have had an effect :D
I think $1.60 is the waterline, so just keeping its head above water. Mind you, I tend to think that BOE is trying to force the rate lower to make it more attractive to exports, but what do we export?
I have noticed that it goes down every year at this time when the political parties have their annual conferences. They open their big mouths and the pound drops. Hope it goes up again before we go at the end of November although even the Euro has dropped and we are off to France next week.
Andrena
Robert5988
12-10-2009, 02:10
Report due tomorrow that forecasts $1.40.
http://news.bbc.co.uk/1/hi/business/8301418.stm <blockquote id="quote" class="ffs">quote:The Centre for Economics and Business Research (CEBR) believes the rate will remain at its current 0.5% level until 2011 and not reach 2% until 2014.
The report, due on Monday, will predict the pound will weaken further, falling to $1.40 and "possibly" below 1 euro. [/quote]
Katys Grandad
12-10-2009, 10:51
<blockquote id="quote" class="ffs">quote:Originally posted by Robert5988
Report due tomorrow that forecasts $1.40.
http://news.bbc.co.uk/1/hi/business/8301418.stm
The Centre for Economics and Business Research (CEBR) believes the rate will remain at its current 0.5% level until 2011 and not reach 2% until 2014.
The report, due on Monday, will predict the pound will weaken further, falling to $1.40 and "possibly" below 1 euro. Hopefully not going to those levels again for while but the rise we've seen over the past few months seems to have run out of steam at the moment and the gains are being eroded almost daily.
I'm more confident than ever that the predictions for $1.80/$1.90 by the end of this year are miles off the mark.[msnsad]
<blockquote id="quote" class="ffs">quote:Originally posted by Katys Grandad
<blockquote id="quote" class="ffs">quote:Originally posted by Robert5988
Report due tomorrow that forecasts $1.40.
http://news.bbc.co.uk/1/hi/business/8301418.stm
The Centre for Economics and Business Research (CEBR) believes the rate will remain at its current 0.5% level until 2011 and not reach 2% until 2014.
The report, due on Monday, will predict the pound will weaken further, falling to $1.40 and "possibly" below 1 euro. Hopefully not going to those levels again for while but the rise we've seen over the past few months seems to have run out of steam at the moment and the gains are being eroded almost daily.
I'm more confident than ever that the predictions for $1.80/$1.90 by the end of this year are miles off the mark.[msnsad][/quote]Looks like you're right. Bsically all the fx traders were telling me the dollar was going to drop significantly in value, which it has... against the euro! It's just that the pound has gone and done the same!
Katys Grandad
15-10-2009, 17:52
A couple of very good days this week - $1.625 today.
About time to, Euro not looking to healthy
Katys Grandad
21-10-2009, 16:56
No stopping it at the moment!
Almost $1.66 this morning.
Yep just under $1.66
Euro has increased slightly to £1.11 also
Lets hope the trend is upwards
<blockquote id="quote" class="ffs">quote:Originally posted by Katys Grandad
No stopping it at the moment!
Almost $1.66 this morning.
[/quote]
Katys Grandad
21-10-2009, 19:20
Apparently it's something to do with the Governor of the Bank of England saying we should expect interest rates to rise early than thought.
shakinsteve
21-10-2009, 20:01
just seen $1.69 if you order 201+ days in advance...
Katys Grandad
23-10-2009, 21:00
Disappointing end to the week following today's recession data. Fallen back almost 3 cents since mid-morning to just over $1.63. Not that bad but might have been so much better.
Ben Jorell
31-10-2009, 15:42
<blockquote id="quote" class="ffs">quote:Originally posted by shakinsteve
just seen $1.69 if you order 201+ days in advance...
[/quote]
Seems to be fluttering between 1.52 + 1.60ish.
That advance rate would suggest no great jumps in the next 6 months, so I'll keep a daily eye and swoop for a few when it jumps to the top of that range. Better than the 1.40s I was having to suffer last Feb. though.
[msnscared]
$1.65 yesterday on Hifx so transfered some over to US whilst the going was good.
Katys Grandad
31-10-2009, 19:27
<blockquote id="quote" class="ffs">quote:Originally posted by Ben Jorell
<blockquote id="quote" class="ffs">quote:Originally posted by shakinsteve
just seen $1.69 if you order 201+ days in advance...[/quote]That advance rate would suggest no great jumps in the next 6 months, so I'll keep a daily eye and swoop for a few when it jumps to the top of that range. Better than the 1.40s I was having to suffer last Feb. though.
[msnscared][/quote]I would suggest all that means is that those offering these rates don't THINK it will change much.
A quick browse through this thread will remind us all that nobody KNOWS.
Ben Jorell
01-11-2009, 09:14
You're right, so if you want the best deal I suggest you ask me when I'm getting mine and then do the opposite. With my record, you can't then go wrong!
[msnwink]
Katys Grandad
01-11-2009, 10:54
<blockquote id="quote" class="ffs">quote:Originally posted by Ben Jorell
You're right, so if you want the best deal I suggest you ask me when I'm getting mine and then do the opposite. With my record, you can't then go wrong!
[msnwink][/quote]:D
You and I obviously exchange our currency on the same days!!
Katys Grandad
04-11-2009, 23:24
Almost $1.66 today after steady progress over the last few days.
mfairhurst
04-11-2009, 23:51
Lets hope it keeps going up and reaches a lot more before christmas .
MAUREEN
www.onlinefloridavillas.copm/villas/1683.aspx
$1.65 for most of the day so it seems to holding its own at the moment.
Onwards & upwards I say
Katys Grandad
09-11-2009, 12:50
Almost $1.68 this morning. Best it's been for some time.
Very welcome lets hope for $1.70+
Would be nice for it to maintain $1.70+
Madabouttigger
10-11-2009, 21:57
Lets hope the euro begins to recover to, Im i Paris next week.[msnwink]
Katys Grandad
13-11-2009, 20:59
Fallen away a little during this week but still closing just below $1.67 which isn't at all bad when viewed over the last 12 months or so.
$1.721 today with TMS/CCE for those of us travelling in late Feb or early March. That'll work.
http://www.travelmoneyservices.co.uk
Interesting deal from thomas cook. pre-order currency collect & pay at the airport and get best rate of either time of order or time of collection
Katys Grandad
06-12-2009, 21:02
<blockquote id="quote" class="ffs">quote:Originally posted by Father
$1.721 today with TMS/CCE for those of us travelling in late Feb or early March. That'll work.
http://www.travelmoneyservices.co.uk
[/quote]
Considering where the rate is today that seems a good deal although the usual concerns about the safety of your money in the period in between remain.
If you're happy to take the risk, very attractive I'd say.
Robert5988
07-12-2009, 02:13
<blockquote id="quote" class="ffs">quote:$1.721 today with TMS/CCE for those of us travelling in late Feb or early March. That'll work.
http://www.travelmoneyservices.co.uk[/quote]I believe this is the sister company to Crown Currency Services(they have the same address)
This company has been covered many times on this forum.
They are not FSA registered - essentially you are trusting the company with your money.
This quote from an earlier thread. <blockquote id="quote" class="ffs">quote:there is no security for your money until you receive your currency. No financial services authority requirements to place customers money is a seperate clients trust account, no compensation fund, no need to get accounts audited, no ombudsman etc etc. It is surely time that the government introduced strict financial requirements and proceedures for all currency exchange firms ...customers must have either 100% security and/or a compensation fund. At present there is neither so customers could just be left high and dry. This is not to say that "crown" are doing anything wrong. However their last accounts, published via company house, do not show a strong balance sheet position.[/quote]I stress that I have never heard of any transaction not being honoured, or any problems with the company.
However I for one would not dream of depositing my money with any firm without security for that money.
Katys Grandad
07-12-2009, 06:39
I've nothing against this company and have used it for an immediate exchange to HK$ where my currency arrived a few days later without any problem. However, it can't be denied that there is a risk and it might be a disaster waiting to happen.
I see that they will give you a rate for exchange right up to January 2011 but will take your Sterling for it today. I certainly wouldn't entrust my money to anybody for that length of time without some security.
Nevertheless, like Robert, so far I'm not aware of anybody not receiving their currency.
Dads_Taxi
07-12-2009, 20:53
<blockquote id="quote" class="ffs">quote:Originally posted by Father
$1.721 today with TMS/CCE for those of us travelling in late Feb or early March. That'll work.
http://www.travelmoneyservices.co.uk
[/quote]
Thanks for the tip, I've just ordered $700 with them at that rate for next March. I'll report back when it's arrived!
Has the dollar just decided to hang around the $1.64 - £1.66 rate for the last few days or are we going to see an increase.
Pleaseeeeeeeeeeeeeeeeeeee
Katys Grandad
07-12-2009, 21:21
<blockquote id="quote" class="ffs">quote:Originally posted by becbecs
Has the dollar just decided to hang around the $1.64 - £1.66 rate for the last few days or are we going to see an increase.
Pleaseeeeeeeeeeeeeeeeeeee
[/quote]
Would be nice, but who knows?
It's been more or less stuck in the $1.62-$1.68 range for a long time now. I have as little chance of accurately predicting the future as anybody but I don't see anything that's going to shift it much out of that range in the near future. (Cue immediate massive move![msnwink])
Katys Grandad
08-12-2009, 22:30
Well I suppose it was inevitable! The Pound fell almost 2 cents to a 6 week low today.
Katys Grandad
23-12-2009, 09:53
<blockquote id="quote" class="ffs">quote:Originally posted by Robert5988
<blockquote id="quote" class="ffs">quote:Well, we're certainly at a relative low, but I still bet on it climbing back up to the 190's by the end of the year. Although, I'm not a particularly successful gambler.[/quote]As another unsuccessful gambler, I will act as a Bookmaker if you wish and offer you 5 to 1 on that bet. You get five virtual pints if you are correct - I get just one if you are wrong.
I would be very surprised if the rate was above 1.60 by the end of the year!
[/quote]
This was posted in early October and with only a few trading days left this year, the Pound has just dropped below $1.60.
No virtual pints for Tonish it seems but Robert's crystal ball looks to be spot on![msnwink]
Predicted to drop even lower if xmas shopping doesn't pick up. This would be an indication that our economic recovery has stalled, I think that it is more a case of overly inflated prices.
$1.59 at the moment [msncry]
<blockquote id="quote" class="ffs">quote:Originally posted by Katys Grandad
<blockquote id="quote" class="ffs">quote:Originally posted by Robert5988
<blockquote id="quote" class="ffs">quote:Well, we're certainly at a relative low, but I still bet on it climbing back up to the 190's by the end of the year. Although, I'm not a particularly successful gambler.[/quote]As another unsuccessful gambler, I will act as a Bookmaker if you wish and offer you 5 to 1 on that bet. You get five virtual pints if you are correct - I get just one if you are wrong.
I would be very surprised if the rate was above 1.60 by the end of the year![/quote]This was posted in early October and with only a few trading days left this year, the Pound has just dropped below $1.60.
No virtual pints for Tonish it seems but Robert's crystal ball looks to be spot on![msnwink][/quote]Well, it looks like I owe Robert a virtual pint. I'm sitting in Florida at the moment, beside the pool with a marguerita so I'm not that bothered that I got it wrong.
However, I've made a mental note to go see the FX trading guys when I get back to the desk in January and be less than complimentary about their predictions. I get paid in dollars so the exchange rate is a major factor for me. Fortunately this year I chose to take an average rate for the year rather than a spot rate so it's worked out OK overall.
I think Robert and Katy's Grandad should consider offering their services in the City; in future I'll be listening to them rather than the traders!
Katys Grandad
24-12-2009, 04:36
<blockquote id="quote" class="ffs">quote:Originally posted by TonishI think Robert and Katy's Grandad should consider offering their services in the City; in future I'll be listening to them rather than the traders![/quote]:D:D
Where's my bonus then? Have a great Christmas Peter!
Katys Grandad
01-01-2010, 00:15
The Pound has closed the year just under $1.62 which is around 17 cents higher than at the start of the 2009. In between those dates it's fallen to as low as $1.36 with a high just above $1.70.
Well a slight recovery over the last few days to $1.6276.
Apparently something to do with reducing our trade deficit [stupid1]
FraserLynn
19-01-2010, 18:01
it seems to have settled down around the same rate for some time now, which suggests it has found a new level.... although anytime I have predicted this in the past it has moved sharply up or down the next day[msnembarrased]
Just seems to be hanging around the $1.62 area at the moment.
Katys Grandad
05-02-2010, 11:31
We've seen a bit of a fall in the rate over the last couple of weeks and this morning it's just above $1.57 (around $1.51 retail) which is as low as it's been in several months. Early days but not a great start to 2010.
jolliffee
05-02-2010, 11:48
I was reading an article suggesting it could get worse through 2010, I hope they are very wrong.
Probably not wrong considering our banking rating was downgraded by S&P last week so we are now on par with Spanish banks and others and our credit rating could also soon be downgraded which will probably mean another drop against the dollar. The only reason I can think of as to why sterling has not fallen against the euro is the debt problems in the euro zone. Hope I am wrong.
Just checked out the rate afer a couple of weeks very depressing
[msncry]
Dads_Taxi
08-02-2010, 03:09
Sorry about that, it will be my fault. I'm counting the days (48) until we go to Florida, and the rate is usually rubbish when I go there. Expect it will get better late April!!
Katys Grandad
10-02-2010, 23:29
Down to $1.56 today. I'm getting anxious now!
Madabouttigger
10-02-2010, 23:45
Bloomin typical, soon I as book the flights the exchange rate dips!
Robert5988
13-02-2010, 17:29
<blockquote id="quote" class="ffs">quote:Arrived today.
$1.721 seems a really good rate now.
All set.[/quote]
You will need the extra money to buy overcoats, gloves etc
Katys Grandad
13-02-2010, 20:11
<blockquote id="quote" class="ffs">quote:Originally posted by Father
<blockquote id="quote" class="ffs">quote:
You will need the extra money to buy overcoats, gloves etc
[/quote]
:D [bowwave]
No, apparently the trick is to sit there all snuggled up with your blankets in the baltic weather and tell yourself it's actually great, life doesn't get any better, etc. :D
[/quote]
Does it work with the exchange rate?[msnwink]
The post office have been trying to sell us their 0% commision credit card(0% for purchases abroad) and the lady said we would get a better exchange rate using a credit card rather then taking a lot of dollare with us.
Does anyone know if there's any truth to this?
Robert5988
14-02-2010, 16:23
<blockquote id="quote" class="ffs">quote:The post office have been trying to sell us their 0% commision credit card(0% for purchases abroad) and the lady said we would get a better exchange rate using a credit card rather then taking a lot of dollare with us.
Does anyone know if there's any truth to this?[/quote]Yes a lot of truth.
Post Office and Nationwide credit cards (also Nationwide debit cards) get you a far better exchange rate than cash or travellers cheques.
Great - thanks for confirming
The Post Office and Santander Zero cards are now slightly better than Nationwide for countries outside Europe as Nationwide are now passing on the 1% fee.
Katys Grandad
19-02-2010, 11:41
Fallen below $1.54 this morning. The current trend is definitely downwards.
Are the exchange rates you get with the Post Office and Santander Zero cards as good as those with the Nationwide card?
Robert5988
21-02-2010, 23:21
See the post 2 above yours - Nationwide are now not quite the cheapest, but better than most other cards.
Used our Nationwide card last December and also the PO card, did not seem to be much difference. However if the NW had passed on the 1% it was not shown as a separate item
Robert5988
26-02-2010, 18:32
Under £1 = $1.52 today.
Someone in the Times today(Jim Rogers) predicted dollar-pound parity could happen! never ever gone that low!
$1.52 was the rate when we bought our home in 1994, but it has been as low as $1.42 not so long ago. Anything over $1.50 is acceptable, less than that and it is not. Just think it is not too long ago that we were getting $2.10 to the £ - wonder if we will ever see that again?
never thought we would becelebrating when the $ went UP to 1.50 today; but of course thats the commercial rate
With a little trepidation, ordered from Crown Currency in January at 1.69 for delivery March. Although there was no guarantee that they'd still be around (so many businesses going belly-up these days) & although many people questioning their methods, there were/are no mentions of them failing to deliver. Money arrived exactly on-time at agreed rate ! Am a VERY happy bunny....
Usually, when I exchange, rate skyrockets within minutes !!!!
Katys Grandad
05-03-2010, 21:03
Closing the week at $1.50 which is around 7% lower than at the start of 2010 but at least it has recovered a few cents from last week.
Katys Grandad
09-03-2010, 11:32
Dropped below $1.50 again this morning. I really don't see the rate settling (up or down) until we have a General Election result, whatever it turns out to be.
grayster
09-03-2010, 13:00
I agree KG and we then need to see some signs of a decent recovery so we can see an interest rate increase on the horizon. I watched some doom and gloom pundits at the weekend talking about a possible hitting-parity scenario in the short-term.
I just wish the media pundits would shut up - they are unbelievable talking down the economy and then bingo down goes the pound again.
Andrena
Katys Grandad
12-03-2010, 22:45
Ending the week at $1.52 so a little better than the start.
Katys Grandad
16-03-2010, 10:53
Back below the psychologically important $1.50 level again this morning. The Pound seems to struggle to maintain a level over that rate at the moment.
Expect around £1.45 at foreign exchange retailers.[msnsad]
How much do you think the latest dip is to do with the EU's comments on budget deficit?
grayster
17-03-2010, 14:26
Looking better today at 1.535. Agree or not, this article shows the view on why sterling is and may continue to be sold.
http://www.citywire.co.uk/professional/-/news/wealth-management/content.aspx?ID=388057&re=8815&ea=204373&Page=2&ViewFull=True
Katys Grandad
17-03-2010, 18:12
<blockquote id="quote" class="ffs">quote:Originally posted by grayster
Looking better today at 1.535. Agree or not, this article shows the view on why sterling is and may continue to be sold.
http://www.citywire.co.uk/professional/-/news/wealth-management/content.aspx?ID=388057&re=8815&ea=204373&Page=2&ViewFull=True[/quote]Interesting (and slightly troubling) article. Thanks for posting it.
Katys Grandad
19-03-2010, 20:46
the Pound lost over 2 cents today and just held onto $1.50 at the end of the week.
Dads_Taxi
23-03-2010, 00:47
Pleased to report that my $700 turned up today, at the $1.721 rate advised. Highly recommended service.
<blockquote id="quote" class="ffs">quote:Originally posted by Dads_Taxi
<blockquote id="quote" class="ffs">quote:Originally posted by Father
$1.721 today with TMS/CCE for those of us travelling in late Feb or early March. That'll work.
http://www.travelmoneyservices.co.uk
[/quote]
Thanks for the tip, I've just ordered $700 with them at that rate for next March. I'll report back when it's arrived!
[/quote]
Katys Grandad
23-03-2010, 07:28
<blockquote id="quote" class="ffs">quote:Originally posted by Dads_Taxi
Pleased to report that my $700 turned up today, at the $1.721 rate advised. Highly recommended service.
<blockquote id="quote" class="ffs">quote:Originally posted by Dads_Taxi
<blockquote id="quote" class="ffs">quote:Originally posted by Father
$1.721 today with TMS/CCE for those of us travelling in late Feb or early March. That'll work.
http://www.travelmoneyservices.co.uk
[/quote]
Thanks for the tip, I've just ordered $700 with them at that rate for next March. I'll report back when it's arrived!
[/quote]
[/quote]
That worked out well for you there - I'll bet you wish you'd ordered even more now.[msnsmile2]
Dads_Taxi
23-03-2010, 11:19
Well, yes I do.
I'll probably go through about 4 times that amount in the next fortnight, but I was nervous of sending so much money to a currency exchange company in the present economic climate.
I won't let it spoil my holiday though! 4 days to go [msnsmile2]
Katys Grandad
23-03-2010, 12:05
Always nice to be on the right side of the equation but I've learnt that getting it right is down to 99% luck and 1% judgement. I make small currency spread bets as a recreational hobby and do occasionally make a bit of money (and just as often lose it). When I make a profit I always like to feel that it's down to my brilliance but I know it's usually pure luck.
(The Pound is just about holding onto $1.50 this morning).
Katys Grandad
25-03-2010, 09:32
10 month low this morning - $1.48.
Expect to get around $1.43 at retail foreign exchanges.
Katys Grandad
02-04-2010, 00:54
A good end to the working week - almost $1.53 this evening. Every little helps.[msnsmile]
Madabouttigger
07-04-2010, 22:02
Doesn't seem to be changing much at the moment - any predictions?
No predictions. They're always wrong, but I spoke to one very senior analyst/commentator yesterday who believes sterling is 'ridiculously cheap' at the minute (his words). Make of that what you will!
I should add that I've also heard an almost directly opposing view as well.
Katys Grandad
14-04-2010, 18:28
The Pound's had a decent week or so lately and has seemingly settled around the $1.54 mark. Not wonderful in terms of recent years but it had been looking quite a bit sick in late March.
Madabouttigger
29-04-2010, 21:49
Decisions decisions - do I buy before or after the election - comments please guys. [msnscared]
Katys Grandad
30-04-2010, 00:17
I'm speculating on this subject (as ever) Diane but I don't see any move being so significant either way to make a real difference to the cost of your trip as a whole. You could always toss a coin![msnwink]
Madabouttigger
30-04-2010, 02:17
<blockquote id="quote" class="ffs">quote:Originally posted by Katys Grandad
I'm speculating on this subject (as ever) Diane but I don't see any move being so significant either way to make a real difference to the cost of your trip as a whole. You could always toss a coin![msnwink][/quote]Hmmmm, after looking at the statistics, weighing up the odds, considering the advice give, I have decide the answer is.....heads!....[msnwink]
Looking forward to meeting up.[msnsmile2]
FraserLynn
07-05-2010, 03:21
After a good week, comes a bad one, 1.47 today - and heading lower.... not good [msnsad]
Katys Grandad
07-05-2010, 04:52
I suspect it's more about Dollar strength than Pound weakness although of course the result is the same. Seems more likely to continue down for a while than recover lost ground.
Just seen analysts on the TV saying that a hung parliament in the UK could force it down even lower, but that once political stability has been established, it may just go back up.
Hung Parliament, just announce, so that will have a big impact on the currency, thus making the dollar to rally stronger, so yet again, we are going to get less dollor for our pound.
Katys Grandad
07-05-2010, 13:55
Down another couple of cents this morning. It's dropped around 5% in less than 2 weeks from a level that wasn't that great to begin with.
grayster
07-05-2010, 14:00
Yes, I would expect the downward trend to continue. A weak government just makes the UK economic situation even more fragile. USD will also probably continue to stengthen as the European sovereign debt situation worsens as it is still seen as a safer currency. I moved my GBP to USD on Tuesday so for once I actually timed it right (fluke of course)!
Katys Grandad
14-05-2010, 21:21
Below $1.46 today and we're starting to contest the lows of last year.
It may be hard to find a rate above $1.40 at retail exchanges at the moment.
UK unemployment was reported as being up by 53k to 2.5 million on Wednesday, hence the decline in the pound. May take a while to recover as the US reporting that affects the rate, economy, jobs etc is so much more positive than that of the Uk at the moment.
Hi, I was just wondering if everyone could give me some good recomendations on the best place to buy my nus dollars at the moment, im off to the states next week so really need to get a move on with purchasing my currency, usually i go to the high street bureau but their rate seems to be really low at the moment, i know the rate is low anyway right now but im sure there is places better than the high street i just want somewhere online that i can trust with a few thousand pounds of my money and can guarantee delivery by tuesday ???
<blockquote id="quote" class="ffs">quote:Originally posted by steelo
Hi, I was just wondering if everyone could give me some good recomendations on the best place to buy my nus dollars at the moment, im off to the states next week so really need to get a move on with purchasing my currency, usually i go to the high street bureau but their rate seems to be really low at the moment, i know the rate is low anyway right now but im sure there is places better than the high street i just want somewhere online that i can trust with a few thousand pounds of my money and can guarantee delivery by tuesday ???
[/quote]
I'm sure you'll get plenty of other suggestions, but I've used onlinefx.com a couple of times and the rates were very good.
On the high street, I find Cheque Centre always give the best rates.
Between Tesco, Marks & Spencer, Travelex & The Post Office (I check these daily) Tesco are the best rate 99.9% of the time. Marks & Spenser are the worst.
On the High Street, Cheque Centre is best every time.
On the south coast we have a company called InterCash, we always use them and we have found them to be very competitive.
Thankyou for all your suggestions, decided to go for thomas global, they seem to be the highest at the moment with 1.43,
Katys Grandad
27-05-2010, 21:58
The Pound had its best day for a long time today crossing $1.45 so you should get $1.40 retail again. Even so, it's around 12% down since the start of the year.[msnsad]
Its all very depressing at the moment [msnsad]
Madabouttigger
19-06-2010, 01:00
Hmmm noticed a slight increase this week, fingers crossed.[msnwink]
Katys Grandad
23-06-2010, 22:40
I'll try not to jinx it but the Pound got to $1.49 today. That's better than it's been for a while now.