View Full Version : What's Going on with the Dollar rate???
Just checked today (8th Aug) 1.91 to the pound!!! How low!!
We're not going until next April but want to get a good deal - I don't want to buy £2000 worth now!
Anyone got some inside information on the dollar?
Cheers
florida4sun
08-08-2008, 19:36
No such thing as inside information, no one knows what the dollar will do. even at 1.91 its a great rate.
<blockquote id="quote" class="ffs">quote:Originally posted by Pudders
Just checked today (8th Aug) 1.91 to the pound!!! How low!!
We're not going until next April but want to get a good deal - I don't want to buy £2000 worth now!
Anyone got some inside information on the dollar?
Cheers
[/quote]
CERICROWLEY
08-08-2008, 20:15
Clayton, as said on many different threads, its anyones guess to what the rate will be.
Still 1.91 is an excellent rate, compared to five years ago at 1.50, why not exchange some now and some later, this way you are edging your bets a bit.
all I can say is that I am out here at the moment and at least I am getting more fuel in the tank, the price is dropping on a daily basis.
It may well have something to do with the dollar gaining strength against the pound, who knows.
mfairhurst
08-08-2008, 20:50
It was saying on telext that the rate of the dollar was linked to the Uk hose market so many re-possessions so UK is to blame people are moving there money around [msnmad]
MAUREEN
www.onlinefloridavillas.com/villas/1683.aspx
Katys Grandad
08-08-2008, 21:20
We seem to have 2 virtually identical threads going on this at the moment. See http://www.orlando-guide.info/forums/topic_46705.asp
Today's level is pretty close to the lowest since 2006. Whether that constitutes a 'good rate' will depend upon the time frame you use. Set against the level of November 2007, it's dropped 10%. Set against just 3 weeks ago, it's dropped 5%. Set against 2003, it's risen 25%.
Now, what's that phrase about lies, d*** lies and statistics?
floridadreamvilla.co.uk
08-08-2008, 21:49
I've locked the other thread and invited people to carry on the discussions here.
<blockquote id="quote" class="ffs">quote:Originally posted by Katys Grandad
We seem to have 2 virtually identical threads going on this at the moment. See http://www.orlando-guide.info/forums/topic_46705.asp
[/quote]
Katys Grandad
09-08-2008, 11:09
<blockquote id="quote" class="ffs">quote:Originally posted by CERICROWLEY
Still 1.91 is an excellent rate, compared to five years ago at 1.50, why not exchange some now and some later, this way you are edging your bets a bit.[/quote]I can understand why that might work well for some people but bear in mind that exchanging this far in advance of spending means that you should factor in the loss of interest you would have received on the sterling during the period. That could well be 3-4% so the rate would have to drop at least a further 6-7 cents to make it worthwhile.
I the very weak dollar is coming to an end for now and it really all to do with less demand world wide for commodities, lesser US growth and the fact European economy now also is being hit by slower prospects etc.
I think I posted a similar post last month and I entirely agree with Martin 1.91 is still a great rate and we should be preparred to see an even bigger correction from these historically very weak USD levels.
Expect a little turmoil around these levels then by year end towards 1.85 mayben even 1.8.
Only if we see commodity price rise again (Oil, Gold, Copper etc.) would the USD again weaken or if we see a radical change in the interest rate policies from the central banks.
TOM
Katys Grandad
11-08-2008, 23:27
Marks & Spencer offering a miserable $1.85 late this afternoon!!
Edit 12.8.08 - Pound now below $1.90 for the first time since 2006 after the umpteenth successive daily fall in its value against a strengthening dollar.
Just been checking some of the news sites and they think that it's going to get worse!! Think I'll have ot buy some now!
Oh to have a crystal ball!![msnwink]
It is very hard to tell what will happen - remember in Mid-March the dollar rate was slightly above $2 to the pound, then by mid-May it was back down at 1.92 then back up to over $2 in mid-July. All it takes is economic statement out of the UK or the US that doesn't match market expectations and it can all swing around again.
I think it has got a little better today, I just got $1.875 in town centre travel agent which I think is pretty good.
orlandochris
13-08-2008, 18:32
M&S is now $1.8261.
I can't remember the last time I saw it so low!!![msnsad]
Robert5988
13-08-2008, 19:05
<blockquote id="quote" class="ffs">quote:I can't remember the last time I saw it so low!!![/quote]
This might help - this the commercial rate; tourist rate is 5-6 cents lower
USA / Dollar
Date Rate = UK £
01 Aug 2008 1.9967
01 Jul 2008 1.9587
01 Jun 2008 1.9643
01 May 2008 1.9803
01 Apr 2008 1.9859
01 Mar 2008 1.9406
01 Feb 2008 1.9497
01 Jan 2008 2.0034
01 Dec 2007 2.0551
01 Nov 2007 2.0379
01 Oct 2007 1.9993
01 Sep 2007 1.9913
01 Aug 2007 2.0525
01 Jul 2007 1.9929
01 Jun 2007 1.9891
01 May 2007 2.0056
01 Apr 2007 1.9596
01 Mar 2007 1.961
01 Feb 2007 1.9712
01 Jan 2007 1.9655
01 Dec 2006 1.914
01 Nov 2006 1.867
01 Oct 2006 1.8892
01 Sep 2006 1.894
01 Aug 2006 1.8396
01 Jul 2006 1.8434
01 Jun 2006 1.8856
01 May 2006 1.789
01 Apr 2006 1.7469
01 Mar 2006 1.7438
01 Feb 2006 1.7628
01 Jan 2006 1.7391
01 Dec 2005 1.715
01 Nov 2005 1.7614
01 Oct 2005 1.8126
01 Sep 2005 1.8098
01 Aug 2005 1.7294
01 Jul 2005 1.8225
01 Jun 2005 1.8344
01 May 2005 1.9168
01 Apr 2005 1.8738
01 Mar 2005 1.8788
01 Feb 2005 1.8766
01 Jan 2005 1.9129
01 Dec 2004 1.8562
01 Nov 2004 1.8132
01 Oct 2004 1.7925
01 Sep 2004 1.8226
01 Aug 2004 1.8356
01 Jul 2004 1.8193
01 Jun 2004 1.7826
01 May 2004 1.7728
01 Apr 2004 1.8349
01 Mar 2004 1.9048
01 Feb 2004 1.8316
01 Jan 2004 1.7618
01 Dec 2003 1.6993
01 Nov 2003 1.6893
01 Oct 2003 1.6036
01 Sep 2003 1.6438
01 Aug 2003 1.6069
01 Jul 2003 1.6773
01 Jun 2003 1.6438
01 May 2003 1.5818
01 Apr 2003 1.5634
01 Mar 2003 1.5949
01 Feb 2003 1.6135
01 Jan 2003 1.5495
01 Dec 2002 1.5757
01 Nov 2002 1.5487
01 Oct 2002 1.5495
01 Sep 2002 1.5311
01 Aug 2002 1.573
01 Jul 2002 1.4899
01 Jun 2002 1.4588
01 May 2002 1.4426
01 Apr 2002 1.4255
01 Mar 2002 1.4278
01 Feb 2002 1.4256
01 Jan 2002 1.4497
01 Dec 2001 1.4133
01 Nov 2001 1.4226
01 Oct 2001 1.4681
01 Sep 2001 1.4558
01 Aug 2001 1.4153
01 Jul 2001 1.3952
01 Jun 2001 1.4247
01 May 2001 1.4219
01 Apr 2001 1.4293
01 Mar 2001 1.4452
01 Feb 2001 1.4576
01 Jan 2001 1.4738
01 Dec 2000 1.4136
01 Nov 2000 1.453
01 Oct 2000 1.4134
01 Sep 2000 1.48
01 Aug 2000 1.4944
01 Jul 2000 1.4991
01 Jun 2000 1.4726
01 May 2000 1.58
01 Apr 2000 1.5678
01 Mar 2000 1.6027
01 Feb 2000 1.6404
01 Jan 2000 1.607
01 Dec 1999 1.625
01 Nov 1999 1.6671
01 Oct 1999 1.6381
01 Sep 1999 1.6048
Katys Grandad
13-08-2008, 21:36
<blockquote id="quote" class="ffs">quote:Originally posted by orlandochris
I can't remember the last time I saw it so low!!![msnsad]
[/quote]
It was October 2006.
Down another 2.5 cents today.
Katys Grandad
13-08-2008, 21:43
<blockquote id="quote" class="ffs">quote:Originally posted by Kazzie
I think it has got a little better today, I just got $1.875 in town centre travel agent which I think is pretty good.
[/quote]
It was VERY good today Karen.
To me it is still a good rate. I bought my villa when it was 1.41 which has totally wiped out any increase in value of the home over the years.[msncry]
Katys Grandad
15-08-2008, 22:45
For the first time since 1975, the Pound has fallen in value against the Dollar for 11 straight days. Now worth barely $1.85 and you'll get $1.82 or so retail.
Just got $1.81 with a zero commision deal,
Zero commision is just a ploy - don't get caught out on that old trick. All they do is to make the the exchange rate a little worse for you and then say NO commision - big deal. There is no such thing as a free lunch - especially not in Foreign Exchange [msnwink] [msncry]
Katys Grandad
26-08-2008, 18:37
Another 2 year low today. For the first time since October 2006 you'll get less than $1.80 from a retail foreign exchange desk.
This fall continues to be quite dramatic - it's dropped almost 10% in around 5 weeks and shows no sign of turning around at the moment.[msnsad]
ShirleyD
27-08-2008, 02:04
With the pound so bad against the Euro too, I am guessing it is a weakening pound that is the problem
mfairhurst
27-08-2008, 03:44
The rate for the dollar in M & S WAS $1.71 not very good hope it picks up soon [msnsmile2]MAUREEN
www.onlinefloridavillas.com/villas/1683.aspx
The dollar rate will bottom out at about 1.75ish for the foreseeable future. (barring unforeseen international crises as the oil price stabilises as everyone globally will use less)
The Euro will drop against the £ and will bottom out at about 70-72p.
Americans in the finance world believe they are best placed to come out of this mini-recession very soon, believe the UK won't be far behind and believe the Eurozone hasn't really been hit yet, but will be hit, very soon and very hard.
You heard it here first !
[:O][8D]:D
PS Don't quote me on this, I'm only telling you what a very well-placed banker (yes, that's a "b" there) in Chicago told me.[msnsmile2][msnsmile2]
Report on the FT website on Tuesday saying that the pound and euro will continue to weaken against the dollar until 2010. No mention of how low it would though.
I read that analysts on BBC website are speculating that the dollar would stabilize around 1.83 to the pound (real terms), i.e. what it is actually trading at. This would be the norm for the foreseeable future.
Yesterday, it dropped below this to 1.82. As we typically get 5 to 6 cents less than this on the high street, I decided to do some shopping around on the internet. Best rate I could find was 1.80 to the pound, plus £5 postage & insurance. I grabbed this with both hands, as you can hold this exchange rate for four working days until the funds are transferred. Compared to the high street, for the amount I was changing, I gained an additional $80.
mfairhurst
31-08-2008, 19:31
Jim which web site did you go with to get that rate .We look in M & S last week and they were only giving $1.71 as said i said before.
MAUREEN
www.onlinefloridavillas.com/villas/1683.aspx
Thomas Global Exchange. You will also need to send them photo ID (scanned driving license or passport & scanned utility bill) as a first time customer.
Robert5988
31-08-2008, 23:11
<blockquote id="quote" class="ffs">quote:I read that analysts on BBC website are speculating that the dollar would stabilize around 1.83 to the pound (real terms), i.e. what it is actually trading at. This would be the norm for the foreseeable future.[/quote]
I heard analysts on late night BBC radio speculate that, as the US economy will recover well before the UK, the rate would drop to between 1.50 and 1.60 to the pound.
The answer is nobody knows!
Katys Grandad
31-08-2008, 23:44
An article in today's Sunday Telegraph reports that the cost of a Florida holiday for 2 adults and 2 children has risen by £250 in the last 4 weeks. I've certainly had to re-assess my plans for the rest of the year because of the fall in the pound's value.
I'm going in October, got most of my $$ already. However, next year may be worth sitting out to see what happens.
Going in October also,we still have to get our dollars, said to the wife a few months ago to change some at 1.98 but no. So 1.80 if we are very lucky.
Yeah...right! Blame the wife. LOL.
You should be able to get 1.8 on the website as mentioned earlier, just make sure to select hold that rate for 4 days.
In 1985 the rate was around 1.05...
Now that would really hurt!
(Unless you manage to sell a villa of course)
I was lucky enough to get mine from Thomas Exchange Global at 1.92 rate, I see today they are down at 1.78.....ouch
<blockquote id="quote" class="ffs">quote:Originally posted by Robert5988
The answer is nobody knows!
[/quote]
The most sensible and accurate comment in this thread [clap]
Pamela
The rate this morning with Thomas was 1.76!!!!!! I couldn't believe my eyes. I walk past Thomas in Victoria Street in London every morning and it has gradually been dropping but yesterday I saw 1.80 and this morning it had dropped by .04. I hope it stops soon! [msnsad]
I've been checking various news and money sites and everyone is prediciting that the pound is going to weaken more by the end of the year!
We decided to bite the bullet and ordered all our dollars from Travelex online and got an exchange rate of 1.75 ... I checked 2 hours later and they had dropped it to 1.73. We did buy some 3 weeks ago and got them at 1.85!!
Am happy that we have them all now.
It's getting worse by the hour!![msnscared]
Katys Grandad
03-09-2008, 13:29
Down another chunk today. That's almost 13% in just a few weeks.
FairFX are often very competitive too plus Travelex will match the best price elsewhere. Money Saving Expert have a travel money section which is well worth a read.
Katys Grandad
22-10-2008, 11:06
5 year low today - retail exchange rate now below $1.60. This fall has been staggering and means that you'll now get $4 for the same amount that you got $5 this time last year.
Robert5988
22-10-2008, 13:56
<blockquote id="quote" class="ffs">quote:5 year low today - retail exchange rate now below $1.60. This fall has been staggering and means that you'll now get $4 for the same amount that you got $5 this time last year.[/quote]
It was last at this rate in mid 2003.
Mo Green
22-10-2008, 16:26
It hit a low of $1.38 in June, 2001 when we were having our villa built but as I remember it everything we paid for still seemed better value compared to the UK.
Mo
FraserLynn
24-10-2008, 14:35
And still it drops.....looks like we are all doomed[msnwink]
Katys Grandad
24-10-2008, 14:44
Even by the standards of the recent rate of fall, today's 5% (8 cents) fall is exceptional. Can you get still get even $1.50 at a Foreign Exchange outlet - I actually doubt it!!![msneek]
I just received my credit card statement. On 28 September I had lunch in Miami and see that the rate was $184.5. At the time I didn't think it was that great. How wrong I was.
This is going to make a massive difference to those who have a U.S dollar mortgage[msncry]. It could also show an effect in the amount of tourists going to Florida next year therefore less rentors for our villas . I know the fact that we have been getting nearly $2 to the pound made many more folk think of Florida for holiday but if it falls to $1.50 then I think it will make people rethink plans for 2009/10
I can see many more villas getting taken back by the banks this year
Katys Grandad
29-10-2008, 19:11
Healthy improvement today - $1.63. Hopefully this fall has been overdone lately but I don't expect to see anything like the rates we've enjoyed over the last couple of years. Would be nice though!
Katys Grandad
12-11-2008, 21:26
Pound dropped below $1.49 this afternoon and is now just about $1.50. If this is a global crisis how is that 1 currency falls so much against another?
M&S offering $1.45 today.:(
Robert5988
12-11-2008, 21:29
Now below $1.50 commercial rate lowest for over 12 years! $1.45 for travellers cheques/cash
Posts crossed - great minds etc
Katys Grandad
12-11-2008, 21:46
<blockquote id="quote" class="ffs">quote:Originally posted by Robert5988
Posts crossed - great minds etc
[/quote]
Indeed Robert! As I'm traveling next week, this is bad news for me. Luckily I've paid for most things in advance but the worst aspect of all this for me is that I'd got into a mindset where I'd stopped mentally converting every dollar price I saw because it was all cheap!
Back to mental arithmetic now. Anybody know an easy way to apply $1.45 without a calculator??
Robert5988
12-11-2008, 23:36
<blockquote id="quote" class="ffs">quote:Back to mental arithmetic now. Anybody know an easy way to apply $1.45 without a calculator??[/quote]
Multiply the US$ price by 0.6896551724 to get Sterling!!! or rather get the wife to do it!
Anyway by next week it will be lower!
Albert the Frog
12-11-2008, 23:40
At the risk of being a Job's Comforter-the pound is also plummeting against the Euro so although overall the exchange rate is worse-comparitively the US is still better value than Europe in my opinion. The levels of service etc are far superior to Europe so for me although it will cost more it is still a no-brainer!
We are over just now and I've found the best way is to think of $1 as 66p as a rough guide. So to simplify just think of 2/3 ie $10 = £6.60 or $100 = £66
Katys Grandad
16-11-2008, 12:26
<blockquote id="quote" class="ffs">quote:Originally posted by andy_d
We are over just now and I've found the best way is to think of $1 as 66p as a rough guide. So to simplify just think of 2/3 ie $10 = £6.60 or $100 = £66
[/quote]
Thanks - sums aren't my strong point but that's a good tip.
Hi
We are back from Florida and have some dollars we would like to exchange back to GBP. Where is the best place to do this, I know I want the rate to be as low as possible or are they all about the same.
My hubbys bank (RBOS) was offering 1.67, I have now checked my bank (Clydesdale) yet.
Any ideas?
Thanks
If you know someone going then sell them to them for 1.55, they win and you win...
Katys Grandad
27-11-2008, 15:22
Unfortunately, the exchange rate offered in these transactions is an absolute rip-off. If you can find somebody who wants dollars at the moment, you will get a better deal but I suppose it will depend on how much you have to make it worthwhile.
I have 283.00 dollar to change back. I thought I would be laughing when I come back and suppose I have gained as I got them for 1.92, would have been a nice wee bonus for Xmas but not so much with a rate of 1.66.
ShirleyD
27-11-2008, 19:19
Pamela, keep them for your next trip. That way you have win win. A great rate and money towards your next holiday :D
Yes definatly keep them if you can be worth it for your next trip[msnwink]
I'm not going back I'm afraid, that will have been out last trip out, with rising costs of everything and starting a family soon it will be a long time before we go again and the money would be handy to have now!
We have had 3 great holidays in Florida though.
ujpest doza
28-11-2008, 21:21
<blockquote id="quote" class="ffs">quote:Originally posted by Mo Green
It hit a low of $1.38 in June, 2001 when we were having our villa built but as I remember it everything we paid for still seemed better value compared to the UK.
Mo
[/quote]When we went to Florida in March 2002 the rate was only $1.30/£1.00. Everything still seemed very cheap compared to UK prices.
Even today with the tourist rate around $1.48 and the Market rate at $1.53 a quick perusal of the menus for a couple of my favourite restaurants shows them to still be considerably cheaper than both the UK and Europe.
<blockquote id="quote" class="ffs">quote:Originally posted by Pamela
I'm not going back I'm afraid, that will have been out last trip out, with rising costs of everything and starting a family soon it will be a long time before we go again and the money would be handy to have now!
We have had 3 great holidays in Florida though.
[/quote]
Pamela, never say never.[msnwink]
Just wait until you have your family and you will want to share those memories you have of Florida and give them some of the Magic.
Katys Grandad
29-11-2008, 10:37
<blockquote id="quote" class="ffs">quote:When we went to Florida in March 2002 the rate was only $1.30/£1.00. Everything still seemed very cheap compared to UK prices.
Even today with the tourist rate around $1.48 and the Market rate at $1.53 a quick perusal of the menus for a couple of my favourite restaurants shows them to still be considerably cheaper than both the UK and Europe.[/quote]I'm puzzled as to how you can make such a statement unless you are comparing the same meal in the same establishment. I could compare 2 meals in restaurants in different parts of the UK and, inevitably, 1 would be cheaper than the other but I couldn't then substantiate a claim that all meals in that locality are cheaper.
What I do know is that last night I had a meal in a Florida restaurant I also visited in both May and September this year. I chose very similar items from the menu and paid about 20% more in Sterling value than I did in September and about 30% more than I had in May. I haven't seen any similar rise in the cost of meals in the UK over that period although it is likely that the plummeting Pound is having the same impact on holiday costs in Europe.
Incidentally, you were seriously overcharged for your dollars in March 2002 because the commercial rate didn't fall to anything like $1.30 that month.
ujpest doza
29-11-2008, 14:23
<blockquote id="quote" class="ffs">quote:Originally posted by Katys Grandad
<blockquote id="quote" class="ffs">quote:When we went to Florida in March 2002 the rate was only $1.30/£1.00. Everything still seemed very cheap compared to UK prices.
Even today with the tourist rate around $1.48 and the Market rate at $1.53 a quick perusal of the menus for a couple of my favourite restaurants shows them to still be considerably cheaper than both the UK and Europe.[/quote]I'm puzzled as to how you can make such a statement unless you are comparing the same meal in the same establishment. I could compare 2 meals in restaurants in different parts of the UK and, inevitably, 1 would be cheaper than the other but I couldn't then substantiate a claim that all meals in that locality are cheaper.
What I do know is that last night I had a meal in a Florida restaurant I also visited in both May and September this year. I chose very similar items from the menu and paid about 20% more in Sterling value than I did in September and about 30% more than I had in May. I haven't seen any similar rise in the cost of meals in the UK over that period although it is likely that the plummeting Pound is having the same impact on holiday costs in Europe.
Incidentally, you were seriously overcharged for your dollars in March 2002 because the commercial rate didn't fall to anything like $1.30 that month.
[/quote]It was around the $1.30 mark can't say it was exactly $1.30 but certainly wasn't as highas $1.40.
Regarding meals, a meal at The Olive Garden, Chilis or TGI Fridays is cheaper than a similar meal at a similar restuarant here such as Frankie and Bennys, Chiquitos or TGI Fridays even with the poor exchange rate.
The fact that you get Soup/Salad included with your entree in a lot of places in the US does make a difference to the price though.
Katys Grandad
29-11-2008, 14:56
Without doubt, the exchange rates we've been enjoying over the last 2/3 years made everything great value but my experience this week has been that it just isn't the case these days. I fully take your point about soup/salad but it isn't something I'm interested in and I am paying for it within the price even though I don't want it. I'd just finally add that after you've put 9% tax on the bill and paid 15-20% tip, meals are certainly not 'considerably cheaper' in the US at the moment. In fact, I have the clear impression that, on the whole, they have actually become more expensive.
I wish it were otherwise and hope things change but, for the foreseeable future, we're going to have to get used to it I'm afraid.
Sorry to disagree but we eat out a lot in the U.K and we have found that it is still far cheaper and better value in Florida, even with the roughly 25% increase due to the fall of the £ against the $.
We have also managed to find just as many great bargains in the Thanksgiving sales this year as last year. [msnsmile2]
Living in Cornwall I know how much our visitors pay for accommodation, food and attractions. Florida although now more expensive still wins hands down as being far better value for money.
Robert5988
01-12-2008, 04:38
IMO there is very little to choose between the price of meals these days by the time you pay tax and a huge 'obligatory' tip.
If you are comparing the value between Cornwall and Florida as a holiday destination then perhaps you should factor in the cost paying £hundreds for the airfare, hiring a car etc for Florida.
People, or at least the vast majority, go to Florida simply for the warm weather and shouldn't justify their trip because meals might be a pound or so cheaper, or that a bargain can be obtained in the sales.
Florida always was an extremely expensive place for Brits to holiday - but the weather is great(usually) - it is now a whole lot more expensive.
Robert the cost of getting to Florida wasn't what was being discussed, just the cost of eating out etc while you are there compared to the U.K. I personally feel that I get a lot better value for my money in Florida than I do at home in Cornwall.
Florida is still a much cheaper alternative to other longhaul and most European holiday destinations. Yes overall it is cheaper to stay at home but who would want to, certainly not me!
[msnwink][msncool]
FraserLynn
01-12-2008, 08:24
<blockquote id="quote" class="ffs">quote:[i]
Florida is still a much cheaper alternative to other longhaul and most European holiday destinations. Yes overall it is cheaper to stay at home but who would want to, certainly not me!
[msnwink][msncool][/quote]I am not sure how you can substantiate that. My experience is totally different. Every year we have 2 weeks in Florida and 2 weeks in Spain. Both in a villa with a private pool.
They are completely different holidays and so I find them very hard to compare but despite the fact the Spanish holiday is taken at peak time in August, all in, it is roughly half the price.
Katys Grandad
01-12-2008, 11:52
<blockquote id="quote" class="ffs">quote:Originally posted by Nina A
Robert the cost of getting to Florida wasn't what was being discussed, just the cost of eating out etc while you are there compared to the U.K. I personally feel that I get a lot better value for my money in Florida than I do at home in Cornwall.
Florida is still a much cheaper alternative to other longhaul and most European holiday destinations. Yes overall it is cheaper to stay at home but who would want to, certainly not me!
[msnwink][msncool]
[/quote]
I think that actually the discussion is about the impact of the fall in the value of Sterling against the US Dollar.
By coincidence, I was on my way home over the weekend and found myself sitting next to an executive of TGI Fridays (who was actually British) in American Airlines' First Class lounge at JFK.
He was on his way to Warsaw and Moscow and told me that he anticipated limited growth in Florida because the exchange rate had wiped out any "value advantage" for UK visitors. It seems that the real growth is now in Eastern Europe, Dubai and, surprisingly, the UK.
He pointed out that the reason why prices were cheaper in the past was staff pay rates and that some people working in TGI in the US earned just $1 an hour! Of course, they supplement that by tips and he calculated that they need at least 16% from that source just to bring them up to somewhere near to the equivalent of the UK's minimum wage.
His conclusion was that if you want to keep the advantage - don't tip. However, he didn't recommend that strategy if you wanted to go back to the same restaurant again!!
<blockquote id="quote" class="ffs">quote:He pointed out that the reason why prices were cheaper in the past was staff pay rates and that some people working in TGI in the US earned just $1 an hour! Of course, they supplement that by tips and he calculated that they need at least 16% from that source just to bring them up to somewhere near to the equivalent of the UK's minimum wage.
His conclusion was that if you want to keep the advantage - don't tip. However, he didn't recommend that strategy if you wanted to go back to the same restaurant again!![/quote]
No doubt this will make British tourists fairly unpopular this summer; we've already got a terrible rep in Florida for under tipping and with the exchange rate as it is, it's fairly likely that many families will find cutting back on tips a necessary economy.
For the average family, a trip to Florida is a luxury only attainable after years of saving and they already often go on very tight budgets. Current rates will really hurt.
Just looking at the first post on this thread, 8 August rate was 1.91. How low!! was the comment.
mfairhurst
12-12-2008, 17:58
We landed in Florida yesterday and called at a 7 UP as we did not want to go shopping straight away so we purchased 2 -16 oz lattes coffees,a gallon of milk ,cuban 12 inch sandwich ,and 4 cookies and we paid 12$ .
The coffee alone in UK would have £1.85 each so we started of saying it is cheaper here as we had paid more in our Spar .
Not saying what we spent at Manchester airport for 2 teas and 1 bacon toast brrrrrr oh well go on £8 .25 a ripe of .
So yes even with the lower dollar rate it is cheaper here in the USA .
Rant over.
MAUREEN
www.onlinefloridavillas.com/villas/1683.aspx
Katys Grandad
12-12-2008, 19:36
<blockquote id="quote" class="ffs">quote:Originally posted by mfairhurst
We landed in Florida yesterday and called at a 7 UP as we did not want to go shopping straight away so we purchased 2 -16 oz lattes coffees,a gallon of milk ,cuban 12 inch sandwich ,and 4 cookies and we paid 12$ .
The coffee alone in UK would have £1.85 each so we started of saying it is cheaper here as we had paid more in our Spar .
Not saying what we spent at Manchester airport for 2 teas and 1 bacon toast brrrrrr oh well go on £8 .25 a ripe of .
So yes even with the lower dollar rate it is cheaper here in the USA .
Rant over.
MAUREEN
www.onlinefloridavillas.com/villas/1683.aspx
[/quote]
I've never been in a 7UP (I thought it was a drink) but $12 is around £8.20 these days isn't it?
mfairhurst
12-12-2008, 20:04
Hi Phil 7UP has a varity of snacks grocers and wine , beer and all the varity of take away coffes , hotdogs , beergers and chilli it is like our late stop at home and spar but cheaper .Also the lottery .
Well worth a try next time you are in Florida
MAUREEN
www.onlinefloridavillas.com/villas/1683.aspx
Katys Grandad
12-12-2008, 20:12
<blockquote id="quote" class="ffs">quote:Originally posted by mfairhurst
Hi Phil 7UP has a varity of snacks grocers and wine , beer and all the varity of take away coffes , hotdogs , beergers and chilli it is like our late stop at home and spar but cheaper .Also the lottery .
Well worth a try next time you are in Florida
MAUREEN
www.onlinefloridavillas.com/villas/1683.aspx
[/quote]
Are you sure you're not referring to a 7-Eleven Maureen? I've been in many of those and they are very similar to what you're describing.
Have a look at http://www.7-eleven.com/
Phil
mfairhurst
13-12-2008, 02:27
Hi Phil
Yes you are right it is 7 - eleven just getting over jetlag but as said before you can get anything
MAUREEN
www.onlinefloridavi;llas.com/villas/1683.aspx
Robert5988
13-12-2008, 04:59
<blockquote id="quote" class="ffs">quote:So yes even with the lower dollar rate it is cheaper here in the USA .[/quote]
However we could talk about the prices in the local Publix today:
Tomatoes @ $4.99 a lb - Oranges $1.79 a Lb, Pears $2.29 etc
Most of my friends who visit are staggered at some of the prices of fresh produce.
But petrol/gas is only $1.59! Compared with earlier on in the year when it was $4+ it's back to being a bargain!
andrewmckay5
13-12-2008, 18:41
How much is a litre in the UK now?
andrew
Katys Grandad
13-12-2008, 19:17
<blockquote id="quote" class="ffs">quote:Originally posted by blott
But petrol/gas is only $1.59! Compared with earlier on in the year when it was $4+ it's back to being a bargain!
[/quote]
It's a real bargain yet car rental rates inclusive of a tank of gas have seen some really sizable rises. I hardly ever put extra gas in the tank as the prepaid tank usually covers all my driving needs so I don't benefit.
I'm wondering at what point it will be cheaper not to take the inclusive rates - or is it already?
ujpest doza
15-12-2008, 15:13
<blockquote id="quote" class="ffs">quote:Originally posted by andrewmckay5
How much is a litre in the UK now?
andrew
[/quote]87.9p currently per litre which makes $1.59 look like the bargain of the century!
The Fed have just cut base rate to around 0% and the pound is back up to 1.56 and climbing on the exchanges.
Katys Grandad
29-12-2008, 18:39
Pound dropped below $1.46 today - new low. Mind you, not as bad as against the Euro where apparently you'll do well to get 96c for your pound today!
Good news is the gas is still dropping, saw it at $1.49 on the way back from Bliz Beach early at Race Trac.
Oh well, makes exports cheaper, not that I think we have much to export any more, but it does not help with imports especially food, oil and gas.
FraserLynn
30-12-2008, 19:43
It is so difficult to know what to do for the best. We go out in February and I keep thinking "oh well it will go back up a bit soon" followed by "doh, I wish I brought some Dollars last week"!
To take the same spending money as last year will cost us an extra £900 - that is a huge amount of money for the same thing!
Every week, I wish I had taken the plunge last week, but as it is so low I find it hard to commit yet!
Grrrrrrrrr![msnmad]
<blockquote id="quote" class="ffs">quote:
Every week, I wish I had taken the plunge last week, but as it is so low I find it hard to commit yet!
Grrrrrrrrr![msnmad]
[/quote]
If it's any consolation - Travelex are now offering 1 more cent on the dollar this week than last week!!
As a side - I usually keep track of the dollar using the BBC Business market watch ticker on my desktop. It updates every two mins.
FraserLynn
05-01-2009, 22:51
<blockquote id="quote" class="ffs">quote:Originally posted by Pudders
<blockquote id="quote" class="ffs">quote:
Every week, I wish I had taken the plunge last week, but as it is so low I find it hard to commit yet!
Grrrrrrrrr![msnmad]
[/quote]
If it's any consolation - Travelex are now offering 1 more cent on the dollar this week than last week!!
As a side - I usually keep track of the dollar using the BBC Business market watch ticker on my desktop. It updates every two mins.
[/quote]
If only it would go back to the rate of even a few weeks ago! [msnsad] I too regularly look at the travelex site, in fact it has become somewhat of a ritual....me looking, grinding my teeth, wishing i had brought the money already, looking again etc etc.
It is fast becoming a very unhealthy obsession....anyway, off to track todays changes[msnembarrased] need my daily fix of misery - surely planning your holiday should be more fun that this[msncry]
If it helps, the prices in the shops over there have come down a lot, so your money will go further.
FraserLynn
05-01-2009, 23:28
<blockquote id="quote" class="ffs">quote:Originally posted by GrahamC
If it helps, the prices in the shops over there have come down a lot, so your money will go further.
[/quote]
That helps alot, in fact it is great news Graham. [msnsmile2]
Is this across the board or more in certain product ranges and how much is a lot?
Believe it or not, in our house my wife hates shopping and I love it... and so any price drops that help balance out the exchange rate impact is good news to me - gives me an excuse to buy more!!!
Robert5988
06-01-2009, 13:12
<blockquote id="quote" class="ffs">quote:Is this across the board or more in certain product ranges and how much is a lot?[/quote]
<blockquote id="quote" class="ffs">quote:The US Producer Price Index declined 2.2% in November, after falling 2.8% in October. The November fall was primarily due to lower energy costs.[/quote]
FraserLynn
06-01-2009, 21:51
<blockquote id="quote" class="ffs">quote:Originally posted by Robert5988
<blockquote id="quote" class="ffs">quote:Is this across the board or more in certain product ranges and how much is a lot?[/quote]
<blockquote id="quote" class="ffs">quote:The US Producer Price Index declined 2.2% in November, after falling 2.8% in October. The November fall was primarily due to lower energy costs.[/quote]
[/quote]
Ah Shucks, I wasn't planning on buying any energy when I was out there!
Katys Grandad
06-01-2009, 22:48
You just can't catch a break on this exchange rate thing can you Fraser?[msnwink]
FraserLynn
06-01-2009, 23:59
sssh, don't mention the er words........ I did once, but I think I got away with it[msnwink]
Most of the 'tourist' type shops at Premium Outlets etc seem to be having continuous sales so you will have lots of choice.
Since the interest rate cut to 1.5% was announced - the pound has started to gain strength against the dollar today (9th Jan)!! Today it is 1.52 with Travelex offering 1.47.[msnsmile2]
Pegasus928
09-01-2009, 16:40
Dammit
I was hoping it would stay were it was for at least the next 3 months. [msncry]
Madabouttigger
22-01-2009, 00:31
OMG - my tracker is showing 1.39!!!!!
Pegasus928
22-01-2009, 16:32
[beer]
Drinks are on me
[clap]
Katys Grandad
22-01-2009, 18:13
<blockquote id="quote" class="ffs">quote:Originally posted by Pegasus928
Drinks are on me
[/quote]
Is there something we should know?
ShirleyD
22-01-2009, 21:05
<blockquote id="quote" class="ffs">quote:Originally posted by Pegasus928
[beer]
Drinks are on me
[clap]
[/quote]
My quess is you are paid in Qatar currency (Dirhams?) Which are linked to the Dollar and you are getting a much better exchange rate when you come to the UK...... Mine's a G & T [msnwink]
Madabouttigger
22-01-2009, 21:20
Make mine a double......[msneek]
FraserLynn
22-01-2009, 22:44
$1.34 to the pound on travel ex this evening [msncry][msncry][msncry][msncry][msncry][msncry][msncry][msncry][msncry][msncry]
Pegasus928
22-01-2009, 23:13
<blockquote id="quote" class="ffs">quote:Originally posted by ShirleyD
<blockquote id="quote" class="ffs">quote:Originally posted by Pegasus928
[beer]
Drinks are on me
[clap]
[/quote]
My quess is you are paid in Qatar currency (Dirhams?) Which are linked to the Dollar and you are getting a much better exchange rate when you come to the UK...... Mine's a G & T [msnwink]
[/quote]
Almost Shirley.
I am actually paid in dollars into a UK bank account.
I do, however, fully appreciate how the drop in the pound is bad for the majority of people, and we will almost certainly notice a difference at the check-outs when we are over in Florida next week.
But seeing as though the exchange rate is something I have no control over, and it could be moving the other way before we know it, I will enjoy it while I can.
One more thing Shirley - the currency here is Riyal. Just in case you need it in a pub quiz one day.
Katys Grandad
22-01-2009, 23:24
Although the current rate is absolutely dire and the worst for almost 30 years, this thread actually makes very interesting reading if you go back to the first page.
It's absolutely clear that nobody saw a fall of this magnitude coming and it's quite instructive to see how we all reassessed what we saw as a 'good rate' as the weeks and months go on. Personally, I'd be delighted with $1.50 today but saw $1.90 as quite poor only 5 months ago.
I think I already knew that making predictions in this area was foolish. I've now confirmed it.
Any takers for parity? Nothing's unthinkable anymore. The UK economy looks in much worse state than the US, UK interest rates have potentially another 1.5% to fall, and the government are talking about printing money. All bad news for the pound.
The only question is how much of that has already been built into the current rate. Trying to second guess/predict is just about useless, but I wouldn't be surprised if it dropped much lower.
Katys Grandad
23-01-2009, 10:29
<blockquote id="quote" class="ffs">quote:Originally posted by Tonish
Any takers for parity? Nothing's unthinkable anymore. The UK economy looks in much worse state than the US, UK interest rates have potentially another 1.5% to fall, and the government are talking about printing money. All bad news for the pound.
The only question is how much of that has already been built into the current rate. Trying to second guess/predict is just about useless, but I wouldn't be surprised if it dropped much lower.
[/quote]
Actually, we aren't that far away from parity now in some areas. US prices don't include tax so the $1.34 really has to be viewed against $1.09 for a lot of items.
If you eat out and tip 20%, that and the tax means that each dollar on the menu requires an actual spend of over $1.30. Of course, you might well tip in the UK but probably not as much. Even so, it's closer that it first appears.
I think there might be an 'Obama effect' at present and, while I wish him well, I'm hoping that when it dawns on us that he can't actually walk on water or cure all the world's ills in his coffee break, the dollar might settle down a bit.
Katys Grandad
29-01-2009, 21:00
A rare piece of good news on the £/$ rate this week.
Far from great, but up around $1.44 today and the 4th or 5th day in row that the Pound has risen. Fingers crossed!
Madabouttigger
29-01-2009, 21:14
<blockquote id="quote" class="ffs">quote:Originally posted by Katys Grandad
A rare piece of good news on the £/$ rate this week.
Far from great, but up around $1.44 today and the 4th or 5th day in row that the Pound has risen. Fingers crossed!
[/quote]
and toes, and arms and legs............[msnscared]
FraserLynn
30-01-2009, 00:22
<blockquote id="quote" class="ffs">quote:Originally posted by Katys Grandad
A rare piece of good news on the £/$ rate this week.
Far from great, but up around $1.44 today and the 4th or 5th day in row that the Pound has risen. Fingers crossed!
[/quote]
Oh no KG, I think you cursed it, the rate travel ex are prepared to offer has ended up down on yesterday.......[msncry][msncry]
mfairhurst
30-01-2009, 01:28
Oh great lets hope it gets better in the next week or two
MAUREEN
www.onlinefloridavillas.com/villas/1683.aspx
<blockquote id="quote" class="ffs">quote:Originally posted by mfairhurst
Oh great lets hope it gets better in the next week or two
MAUREEN
www.onlinefloridavillas.com/villas/1683.aspx
[/quote]Not a chance!
The USA apart from having a shiny new President are much better at talking their economy up than us. Having said that a holiday in Florida is still much better value than a holiday in the UK, plus you get to actually see some sun. I think those that decide to holiday in the UK this year will have a shock. Down here in Cornwall you'd be hard pressed to get a decent caravan for the price of a luxury Florida villa. Add to this the cost of eating out and entertainment (if you can find any on a wet day) and Florida looks positively cheap! And did I mention the sun?!![msnwink][msnsmile2]
Robert5988
02-02-2009, 17:16
What I find surprising is just how volatile the $/£ exchange rate is these days.
In the past you would expect the rate to change by fractions of a cent in a day, with a, say, 2 cent swing most unusual.
In this last week it has gone from 1.39 to above 1.45 on Friday and now down to 1.40.(as I type)
Makes a big difference to those with a really big purchase - like buying a property or bring home the proceeds of a property sale.
flyrr100
02-02-2009, 23:50
<blockquote id="quote" class="ffs">quote:[i]
The USA apart from having a shiny new President are much better at talking their economy up than us. Having said that a holiday in Florida is still much better value than a holiday in the UK, plus you get to actually see some sun.
[/quote]
Not today you don't! It's been raining since 0800am!
http://image.weather.com/images/maps/current/curwx_600x405.jpg
Albert the Frog
03-02-2009, 00:45
I know I've posted something similar before but there was a programme on ITV last week talking about the value of the pound-they had a family of 6 and looked for a holiday for them in Spain-they found self catering apartments in a block which including flights was coming in at £4200 which was £700 per head.
We have just booked a 4 bed villa with pool a car and flights with american airlines for mco via chicago for Whit at a total cost of £3839 or £639 per head-to me it's no contest-my daughter went to Paris for the weekend and she was horrified at the prices-5 euros for a coffee- NINE euros for a bottle of Bud-Horrendous!
Even though the pound/dollar isn't great-you still get more for your buck than you do your euro-we're on countdown!
Katys Grandad
03-02-2009, 09:47
<blockquote id="quote" class="ffs">quote:Originally posted by Albert the Frog
I know I've posted something similar before but there was a programme on ITV last week talking about the value of the pound-they had a family of 6 and looked for a holiday for them in Spain-they found self catering apartments in a block which including flights was coming in at £4200 which was £700 per head.
We have just booked a 4 bed villa with pool a car and flights with american airlines for mco via chicago for Whit at a total cost of £3839 or £639 per head-to me it's no contest-my daughter went to Paris for the weekend and she was horrified at the prices-5 euros for a coffee- NINE euros for a bottle of Bud-Horrendous!
Even though the pound/dollar isn't great-you still get more for your buck than you do your euro-we're on countdown!
[/quote]
No contest indeed but only because you aren't comparing like with like. The family on TV were travelling in high season and at that time of year your Orlando flights alone would cost around £650 per head.
The main point about the programme was that the travel prices hadn't actually changed that much but the exchange rate collapse had added about half as much again to holiday spending as last year. That's true in both the Eurozone and countries whose currency is pegged to the US dollar.
Compare what you spend in the US or pretty much anywhere in the world this year with last year and that's where you'll see the huge differences.
Katys Grandad
05-02-2009, 16:13
There was a time when a fall in interest rates would have triggered a fall in the value of the Pound. Today's cut has actually cause it to strengthen and is pushing $1.46.
6 months ago I Wouldn't have dreamed I'd say this but, viewed in terms of recent weeks, that's not a bad rate!
Katys Grandad
09-02-2009, 20:55
The Pound has strengthened virtually 10% against the US Dollar in the past 2 weeks!
Very nearly $1.50 today.
Madabouttigger
10-02-2009, 22:40
Ive been watching it avidly over the past few weeks, we fly out next month - shall I buy - should I wait - decisions, decisions.....[msnscared]
Diane.
Buy now...best prices are to be found online. Try Thomas global.
Katys Grandad
10-02-2009, 22:44
I fear my optimistic post of yesterday may have jinxed it Diane. The Pound had a pretty bad day again today (down 4 cents!). Hopefully, it won't spoil your Captiva experience too much though.[msncool]
Madabouttigger
11-02-2009, 19:33
Every thing is crossed - fingers, toes, arms, eyes......[msnscared]
Katys Grandad
11-02-2009, 19:45
I'm beginning to feel personally responsible for this Diane but I'm afraid we've had another 2 cents fall today.
If I put the best spin on it, I'd say that we've already taken the big hit by now and even the most enthusiastic US vacation fans have had to accept that we're all paying a lot more than last year.
BUT - at worst the current levels are only likely to move a few cents either way between now and when you go to Captiva. I really don't see it going to, say, $1.60 but neither do I see it going to below around $1.35 in the short term.
I promise you that when you see that beach, the exchange rate will be the furthest thing from your mind.
Madabouttigger
12-02-2009, 23:02
<blockquote id="quote" class="ffs">quote:Originally posted by Katys Grandad
I'm beginning to feel personally responsible for this Diane but I'm afraid we've had another 2 cents fall today.
If I put the best spin on it, I'd say that we've already taken the big hit by now and even the most enthusiastic US vacation fans have had to accept that we're all paying a lot more than last year.
BUT - at worst the current levels are only likely to move a few cents either way between now and when you go to Captiva. I really don't see it going to, say, $1.60 but neither do I see it going to below around $1.35 in the short term.
I promise you that when you see that beach, the exchange rate will be the furthest thing from your mind.
-
After much thought, soul serching and discussion we have decided to cancel our week on Captiva and extend or holiday to 2 weeks in Orlando. [msncry] The reason is when I orginally booked Captiva (nearly 12 months ago)I paid a deposit and didn't think much more about it. But now time has come to pay, (they are an American based company) the price has shot through the roof.[msnsad] Whereas the guy I rent from in Orland is UK based, so his price has stayed the same. [bowwave] So we decided to cut our losses and stay in Orlando. But we are going to drive over to Sanibel / Captiva and book into a Hotel / Motel for a night or to just to give us chance to have a good look round and explore. [cheers] That way, once the pound recovers (if ever!) we will have a good idea where we want to stay. So already thinking of next years hols. [party1] Moral of the story is - If the pound is strong against the dollar pay in full!
[/quote]
Diane. x
dont worry Phil - Im not blaming you, honest.
Phil & Diane, I think you should both give a very humble public apology....just like the bankers!
Katys Grandad
12-02-2009, 23:27
<blockquote id="quote" class="ffs">quote:Originally posted by Madabouttigger
<blockquote id="quote" class="ffs">quote:Originally posted by Katys Grandad
I'm beginning to feel personally responsible for this Diane but I'm afraid we've had another 2 cents fall today.
If I put the best spin on it, I'd say that we've already taken the big hit by now and even the most enthusiastic US vacation fans have had to accept that we're all paying a lot more than last year.
BUT - at worst the current levels are only likely to move a few cents either way between now and when you go to Captiva. I really don't see it going to, say, $1.60 but neither do I see it going to below around $1.35 in the short term.
I promise you that when you see that beach, the exchange rate will be the furthest thing from your mind.
-
After much thought, soul serching and discussion we have decided to cancel our week on Captiva and extend or holiday to 2 weeks in Orlando. [msncry] The reason is when I orginally booked Captiva (nearly 12 months ago)I paid a deposit and didn't think much more about it. But now time has come to pay, (they are an American based company) the price has shot through the roof.[msnsad] Whereas the guy I rent from in Orland is UK based, so his price has stayed the same. [bowwave] So we decided to cut our losses and stay in Orlando. But we are going to drive over to Sanibel / Captiva and book into a Hotel / Motel for a night or to just to give us chance to have a good look round and explore. [cheers] That way, once the pound recovers (if ever!) we will have a good idea where we want to stay. So already thinking of next years hols. [party1] Moral of the story is - If the pound is strong against the dollar pay in full!
[/quote]
Diane. x
dont worry Phil - Im not blaming you, honest.
[/quote]
Sorry to hear that Diane but I completely understand. I also rent from a US based Sanibel owner and the £ cost has gone up 55% from last year. Not easy to justify but I've taken the plunge and booked for April/May. Can't see me going anything like as regularly as in the past if the exchange rate stays around these levels. Maybe we'll all get used to it but it's painful at the moment.
Katys Grandad
12-02-2009, 23:29
<blockquote id="quote" class="ffs">quote:Originally posted by BIGEYE
Phil & Diane, I think you should both give a very humble public apology....just like the bankers!
[/quote]
Well I'm certainly very very sorry that the rate is where it is (and that's done without a weekend of input from my PR team[msnsad]).
Madabouttigger
02-03-2009, 21:47
OMG its going down again - only 16 days to us leaving can you all please cross you fingers for me to push it back up![msneek]
Diane
Katys Grandad
02-03-2009, 22:05
<blockquote id="quote" class="ffs">quote:Originally posted by Madabouttigger
OMG its going down again - only 16 days to us leaving can you all please cross you fingers for me to push it back up![msneek]
Diane
[/quote]
Will do Diane. I think the best we can hope for is that it manages to keep above $1.40. It seems to be back in another downward trend again but 16 days is a long time in these markets, so it could change for the better before you go.
FraserLynn
03-03-2009, 01:52
<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 Katys Grandad
I'm beginning to feel personally responsible for this Diane but I'm afraid we've had another 2 cents fall today.
If I put the best spin on it, I'd say that we've already taken the big hit by now and even the most enthusiastic US vacation fans have had to accept that we're all paying a lot more than last year.
BUT - at worst the current levels are only likely to move a few cents either way between now and when you go to Captiva. I really don't see it going to, say, $1.60 but neither do I see it going to below around $1.35 in the short term.
I promise you that when you see that beach, the exchange rate will be the furthest thing from your mind.
-
After much thought, soul serching and discussion we have decided to cancel our week on Captiva and extend or holiday to 2 weeks in Orlando. [msncry] The reason is when I orginally booked Captiva (nearly 12 months ago)I paid a deposit and didn't think much more about it. But now time has come to pay, (they are an American based company) the price has shot through the roof.[msnsad] Whereas the guy I rent from in Orland is UK based, so his price has stayed the same. [bowwave] So we decided to cut our losses and stay in Orlando. But we are going to drive over to Sanibel / Captiva and book into a Hotel / Motel for a night or to just to give us chance to have a good look round and explore. [cheers] That way, once the pound recovers (if ever!) we will have a good idea where we want to stay. So already thinking of next years hols. [party1] Moral of the story is - If the pound is strong against the dollar pay in full!
[/quote]
Diane. x
dont worry Phil - Im not blaming you, honest.
[/quote]
Sorry to hear that Diane but I completely understand. I also rent from a US based Sanibel owner and the £ cost has gone up 55% from last year. Not easy to justify but I've taken the plunge and booked for April/May. Can't see me going anything like as regularly as in the past if the exchange rate stays around these levels. Maybe we'll all get used to it but it's painful at the moment.
[/quote]
Well, we have just recently got back, had a great time as always and tried not to let the rubbish exchange rate put a dampener on things, but it was hard. We did very little shopping as nothing was really any cheaper than in the UK and whilst we ate out a lot, it felt costly to do this year (despite having one less mouth to feed) in fact more expensive than the UK even.
That which was once cheap, at current exchange rates simply no longer is[msncry][msncry]...... except petrol which was really, really cheap - much cheaper than I remember it being last year.
Katys Grandad
03-03-2009, 03:55
Glad you had a good time Fraser. For me, the difference is that I have again become conscious of what things are costing when I'm on holiday. I think we'd all reached a point where the exchange rate was so good that converting almost didn't matter - and that was great.
The shopping advantage doesn't really exist any more (nobody's selling New York shopping trips now) and eating out costs are, at best, comparable to the UK. Fortunately, both are areas where you can cut down and still have a great holiday but I suspect that you have to be more careful now.
Just wish I could bring back a few thousand gallons of petrol.[msnsmile2]
I pre ordered on line and got 1.51 at crown exchange, they highlight the best rates for ordering advance, not as good as we were getting last year but better than the 1.30's advertised
Katys Grandad
03-03-2009, 15:36
<blockquote id="quote" class="ffs">quote:Originally posted by ravtino
I pre ordered on line and got 1.51 at crown exchange, they highlight the best rates for ordering advance, not as good as we were getting last year but better than the 1.30's advertised
[/quote]
Is that recently? That's an outstanding offer given where the rate is at the moment.
PAUL GIZZI
03-03-2009, 19:47
Had the same link thought this morning that rate is pay now and delivered between 31/07/2009 and 18/09/2009, just glad i ordered mine last year and got $2.01,and so so glad i did
Madabouttigger
03-03-2009, 21:18
Just had a look and for me I would get £1.38. So I've put my lucky rabbits foot back on and crossed my fingers, and toes, and arms......[msnscared]
<blockquote id="quote" class="ffs">quote:Is that recently? That's an outstanding offer given where the rate is at the momen[/quote]
I ordered last Monday 23rd Feb, I also ordered Euros and got 1.14 as I need them soon, still a better rate than the shops etc.
I just had a look and it has gone down, when I checked yesterday it was 1.51
Madabouttigger
04-03-2009, 21:42
Its gone up again - thanks to all of you who crosed you fingers - it must have worked [msnwink] xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxx
FraserLynn
07-03-2009, 08:40
So what effect do we expect a bit (£150 billion bit) of quantitive easing to have. Surely this will further devalue the £ no?
Katys Grandad
08-03-2009, 22:29
<blockquote id="quote" class="ffs">quote:Originally posted by FraserLynn
So what effect do we expect a bit (£150 billion bit) of quantitive easing to have. Surely this will further devalue the £ no?
[/quote]
I've given up trying to understand the reasons but I do know that I don't like the outcome.
I just think that economically we're all in uncharted territory now. We're told that the US has been 'printing money' for a while now, yet the Pound has taken an absolute battering against virtually every other major currency over the last 9 months.
FraserLynn
09-03-2009, 00:44
<blockquote id="quote" class="ffs">quote:[i] the Pound has taken an absolute battering against virtually every other major currency over the last 9 months.
[/quote]
That's for sure, my wife and I arrived back out in Shanghai yesterday (it is Monday morning here) and the exchange rate is much lower than when I was here last, just over 9 RMB vs 12 last year.
I have no idea where this will all end up, but I still think we have a way to go.[msnsad]
Robert5988
09-03-2009, 03:16
<blockquote id="quote" class="ffs">quote:I've given up trying to understand the reasons but I do know that I don't like the outcome.
I just think that economically we're all in uncharted territory now. We're told that the US has been 'printing money' for a while now, yet the Pound has taken an absolute battering against virtually every other major currency over the last 9 months.[/quote]
Interesting programme on Public Broadcasting radio about this very subject last week.
The question asked was why, if the US economy is in such a mess, the US$ is strengthening.
A panel of experts could only come up with the fact that the US economy, despite the current problems, is the only one strong enough to be certain of surviving without major lasting damage. It is the next best thing after gold, and there isn't enough gold in the world.
At that point my eyes glazed over!
Katys Grandad
09-03-2009, 14:06
Case in point - today it's down almost 3 cents to $1.38. I suppose you'll get around $1.34 retail.[msnsad]
Can anyone realistically see the £ increasing in value against the $ to anything around or above the $1.50 mark, if so can you explain your reasoning.
FWIW, my guess is that we will be looking at it bottoming out at around $1.26, about $1.21 on the high street.
Robert5988
09-03-2009, 20:30
<blockquote id="quote" class="ffs">quote:Can anyone realistically see the £ increasing in value against the $ to anything around or above the $1.50 mark, if so can you explain your reasoning.
FWIW, my guess is that we will be looking at it bottoming out at around $1.26, about $1.21 on the high street.[/quote]
The best brains in the city, with access to all data available think it is worth err $1.38 today.
If you look at the forward rates you will get some idea of their thinking. If they thought it was going to bottom out at $1.26 it would be there NOW.
So what chance do we mortals have of guessing?
Katys Grandad
09-03-2009, 20:31
Frankly, I don't know but 1 currency's weakness is another's strength. It's pretty clear that it's currently the pound's weakness rather than the dollar's strength that has caused the current situation. I base that on the fact that the dollar hasn't moved that much against, say, the Euro. It's the perceived value of the pound that's the trigger.
I suppose that if the dollar lost it's present attractions, then you could see the pound move higher but it would be based on the weakness of the US economy rather than the strength of the UK.
For what it's worth (and it's not much more than a guess), I think that it will be a very long time before we see even $1.55 to the pound. I'd be a buyer at $1.50.
blackhearts84
18-03-2009, 17:25
<blockquote id="quote" class="ffs">quote:Originally posted by Pudders
Just checked today (8th Aug) 1.91 to the pound!!! How low!!
We're not going until next April but want to get a good deal - I don't want to buy £2000 worth now!
Anyone got some inside information on the dollar?
Cheers
[/quote]
I so wish this was the exchange rate today! I have everything crossed that it goes up to 1.50 by october. Anyone else think it might?
When we went 2 years ago it was $2 for a £1 now its like [msneek][msneek][msneek][msneek]
No chance....that is when I'm going, so it is bound be low, see my prediction of $1.26.
FraserLynn
18-03-2009, 20:28
<blockquote id="quote" class="ffs">quote:Originally posted by blackhearts84
<blockquote id="quote" class="ffs">quote:Originally posted by Pudders
Just checked today (8th Aug) 1.91 to the pound!!! How low!!
We're not going until next April but want to get a good deal - I don't want to buy £2000 worth now!
Anyone got some inside information on the dollar?
Cheers
[/quote]
I so wish this was the exchange rate today! I have everything crossed that it goes up to 1.50 by october. Anyone else think it might?
When we went 2 years ago it was $2 for a £1 now its like [msneek][msneek][msneek][msneek]
[/quote]
It really is anyones guess, the only thing I can say for certain is that you will not be getting $2 to the pound!
I think getting $1.40 for a tourist rate is looking pretty good at the moment.
Be prepared, the difference between $2 and $1.35 is massive - Florida is no longer that cheap place
Katys Grandad
19-03-2009, 18:29
The Pound's had a few very good days against the Dollar this week. As we speak, it's almost $1.46.
US has also 'printed money', this is a temporary upward blip, take it now when the going's good!
Katys Grandad
24-03-2009, 11:57
<blockquote id="quote" class="ffs">quote:Originally posted by BIGEYE
US has also 'printed money', this is a temporary upward blip, take it now when the going's good!
[/quote]
Holding its own at the moment and pushing $1.47. Viewed over the last 3 months, it's at the high end of its range.
Hi. If you are prepared to pre order your money then you can at good, secure rates. If you're travelling between June and August then you can buy now at 1.5 dollars to the pound.
I don't think i can use external links to websites on this forum so if anyone wants the website then please DM me. Or if someone can confirm that i am ok to post a link then i will do.
I used this company last year and as a comparison, i ordered them in may at 1.97 and by the time we travelled in October, it was down at 1.55! Of course it could go the other way and be higher than 1.5 by June but pigs may also fly!!
Just ordered online at Crown currency exchange for delivery in June and got $1.49.
Martine
I guess it's ok to provide links to currency sites.
travelmoneyservices.co.uk
It's up at $1.51 if ordered for June and $1.50 all the way to October at the moment. It keeps changing so might be worth a watch and plump for it at the right time.
Good luck.
Katys Grandad
30-03-2009, 12:18
Starting the week down - around $1.41 so below $1.40 at the FX shops. The site in the above post is offering $1.49 for June delivery. That seems quite good considering June is only a few weeks off now.
<blockquote id="quote" class="ffs">quote:Originally posted by Katys Grandad
Starting the week down - around $1.41 so below $1.40 at the FX shops. The site in the above post is offering $1.49 for June delivery. That seems quite good considering June is only a few weeks off now.[/quote]14 June 2009, the date from which they're offering 1.49, is 10.8 weeks away so maybe the rate's higher because they require payment within four days, no matter for which dates you've ordered?
I have looked at this website, and considered ordering for further ahead, but what happens if the xchange rate clibs higher than the rate at which you ordered. Unlikely I know, but what if? I cant find anything about this on the website.
If the rate climbs or falls you get your dollars at the exchange rate you purchased at. I bought last June at 1.92 and by the time we went to Florida in October and the dollars were delivered it was down to 1.62! I still got 1.92.
Obviously it could go the other way but as long as you're happy with the rate you get then it doesn't really matter. Look at fixed rate mortgages, mine is fixed at 5.69% and a year after taking it out, the variable rate is something like 1.25%.
Katys Grandad
30-03-2009, 12:44
<blockquote id="quote" class="ffs">quote:Originally posted by blott
<blockquote id="quote" class="ffs">quote:Originally posted by Katys Grandad
Starting the week down - around $1.41 so below $1.40 at the FX shops. The site in the above post is offering $1.49 for June delivery. That seems quite good considering June is only a few weeks off now.[/quote]14 June 2009, the date from which they're offering 1.49, is 10.8 weeks away so maybe the rate's higher because they require payment within four days, no matter for which dates you've ordered?
[/quote]
Of course that's the rub here but these days your money isn't earning anything in the bank so no real loss of interest in the interim period. The real worry is whether this outfit are still going to be there when it comes time to hand over your currency. Even so, it's been quite a while since you could get anything close to $1.49 from a retail outlet.
I suppose we should always add that we aren't offering financial advice here and aren't qualified to do so. We should each asses the risks to us before going ahead.
Robert5988
30-03-2009, 14:28
<blockquote id="quote" class="ffs">quote:I suppose we should always add that we aren't offering financial advice here and aren't qualified to do so. We should each asses the risks to us before going ahead.[/quote]Amen!
We should listen to the 'experts' in the newspapers. I was reading an old cutting recently in which they stated that HBOS was well undervalued at £9 a share - voted a 'strong buy'!
Personally I would never buy currency ahead unless I was absolutely certain the my money was 100% safe.
See my posting on pg2 31 Aug 2008, so much for experts!
Katys Grandad
30-03-2009, 15:15
<blockquote id="quote" class="ffs">quote:Originally posted by BIGEYE
See my posting on pg2 31 Aug 2008, so much for experts![/quote]I suspect that Robert's advice was somewhat tongue in cheek![msnwink]
If anybody has any real idea where it's going (which I doubt), by the time the mere mortals such as us become aware it's much too late.
The UK is on the brink of bankruptcy. Too much debt, no industry, the only exports we have is to farm out customer service call centres. I think that the G20 summit will identify the UK as the country with the largest debt outside the third world countries.
FraserLynn
02-04-2009, 13:23
The exchange rate seems to be making a bit of a recovery, great news for all of you who are there for Easter[clap][clap]....long may it continue.
Katys Grandad
02-04-2009, 13:46
<blockquote id="quote" class="ffs">quote:Originally posted by FraserLynn
The exchange rate seems to be making a bit of a recovery, great news for all of you who are there for Easter[clap][clap]....long may it continue.
[/quote]
Indeed, it's been a while now since we last fell below $1.40. (In fact I think the lowest levels coincided with your recent trip Fraser[msnwink])
Just over $1.45 this morning which is a rise of about 4 cents since Monday but just below the best of last week's levels. It seems to be holding a range between $1.41-1.47 at the moment. Be nice to reach $1.50 which always looks a lot better then $1.49!
EDIT - Up over 2 cents since this morning - almost $1.47 this lunchtime.
Retail rates will, as ever, be 3 or 4 cents lower than these.
FraserLynn
02-04-2009, 14:03
Indeed, it's been a while now since we last fell below $1.40. (In fact I think the lowest levels coincided with your recent trip Fraser[msnwink])
That's just my luck!
Katys Grandad
02-04-2009, 14:11
<blockquote id="quote" class="ffs">quote:Originally posted by FraserLynn
Indeed, it's been a while now since we last fell below $1.40. (In fact I think the lowest levels coincided with your recent trip Fraser[msnwink])
That's just my luck!
[/quote]
I think you're now under a duty to us all to give full notice of the dates of any future trips[msnsmile2].
Just for info. I travelled down to LHR on Tuesday and the airport xchange rate (before commission) was $1.33. I travelled back yesterday and the rate had gone up to $1.34. I know that there are no subscribers to this forum daft enough to use the airport to exchange currency...but maybe, just maybe!
Travelex are offering 1.40 (as of 2nd April) online which you can reserve at any of their branches for collection.
Dollar seems to be slightly going up today!![msnsmile2]
Katys Grandad
06-04-2009, 20:15
ALMOST hit $1.50 today before falling away to under $1.48. Still, fairly encouraging that these sorts of levels are being sustained at the moment.
Madabouttigger
07-04-2009, 00:35
Of course it's going to go back up - I'm back!![msnwink]
Diane
FraserLynn
07-04-2009, 01:22
<blockquote id="quote" class="ffs">quote:Originally posted by Madabouttigger
Of course it's going to go back up - I'm back!![msnwink]
Diane [/quote]I know that feeling[msnsad]
steph_goodrum
07-04-2009, 02:05
It was 1.40 in the Post office today for under £500 but 1.43 for over £500 and 1.44 for travellers checks.
<blockquote id="quote" class="ffs">quote:Originally posted by steph_goodrum
It was 1.40 in the Post office today for under £500 but 1.43 for over £500 and 1.44 for travellers checks.
[/quote]
Is this standard across all Post Offices? I just look online and I've never noticed any difference for the amount you want to buy? or is it instore only?
steph_goodrum
07-04-2009, 17:50
Not sure Sean, I noticed it when I was at Bluewater yesterday on their board. Don't know what their rate is doing today but phoned First Choice and theirs has dropped slightly from 1.44 to 1.42 for either cash or TC so would assume the PO will be around the same.
I do know most of the travel agents I've asked recently have said there is a different rate for differing amounts.
<blockquote id="quote" class="ffs">quote:Originally posted by steph_goodrum
Not sure Sean, I noticed it when I was at Bluewater yesterday on their board. Don't know what their rate is doing today but phoned First Choice and theirs has dropped slightly from 1.44 to 1.42 for either cash or TC so would assume the PO will be around the same.
I do know most of the travel agents I've asked recently have said there is a different rate for differing amounts.
[/quote]
Thanks for that, always worth knowing ways to get any extra cash.
steph_goodrum
08-04-2009, 16:45
Sean
I realised last night that it wasn't the PO in Bluewater but in WHSmiths. I only remembered as Ii was thinking later and realised there isn't a Post Office but the sign is very similar to one I pass most days which is what misled me. Am just going to check what it is doins today.
I got $1.43.23 yesterday at HIFX and the Bank Rate was $147.50. Not a lot of difference to when I sent $$$ over in February. I got $1.43 in February.
Katys Grandad
08-04-2009, 21:11
It's been up and down between about $1.38 & $1.49 this year. Today just about $1.47 but it stubbornly refuses to break the $1.50 landmark.
It's still a full 30% lower than last year but at least the staggering decline we've seen over recent months seems to have stalled for the time being.
FraserLynn
09-04-2009, 11:31
This looks like the rate to me now. Over the last 3 months it has been anywhere between $1.38 and $1.44 (tourist rate) so this looks to me to be the new average and will probably be so for some time.
Great news if you have an income in dollars or a selling a home in dollars to transfer back.
Horrible if you are visiting, holidaying in America or planning to buy a home over there .
Katys Grandad
09-04-2009, 11:41
<blockquote id="quote" class="ffs">quote:Originally posted by FraserLynn
This looks like the rate to me now. Over the last 3 months it has been anywhere between $1.38 and $1.44 (tourist rate) so this looks to me to be the new average and will probably be so for some time.
Great news if you have an income in dollars or a selling a home in dollars to transfer back.
Horrible if you are visiting, holidaying in America or planning to buy a home over there .
[/quote]
I agree - we haven't seen much of the big daily swings up and down for a while so it seems to have settled in this range. I placed a hedging spread bet at $1.49 the other day and it's looking good for me so far.
(Cue massive change later today!!![msnwink])
Katys Grandad
15-04-2009, 16:46
Albeit very briefly, touched $1.50 this morning. It's fallen back a fraction but still over $1.49.
Time to order some of those lovely greenbacks I think!
mfairhurst
16-04-2009, 02:02
The dollar is now $1.5002 so lets hope it keeps climbing [msnsmile2]
MAUREEN
www.onlinefloridavillas.com/villas/1683.aspx
where you getting it at that rate?
Katys Grandad
16-04-2009, 05:46
<blockquote id="quote" class="ffs">quote:Originally posted by jaff
where you getting it at that rate?[/quote]They're the market rate so expect to get around 3-4 cents less at a retail exchange.
IF YOU USE THE CASH MACHINES DO YOU GET A BETTER RATE THAN THE TOURIST RATE WOULD BE AT HOME ON THAT DAY ?
christhear
16-04-2009, 15:06
<blockquote id="quote" class="ffs">quote:Originally posted by coxy95
IF YOU USE THE CASH MACHINES DO YOU GET A BETTER RATE THAN THE TOURIST RATE WOULD BE AT HOME ON THAT DAY ?
[/quote]
Cash machines often give the market rate rather than the tourist rate, however you need to work out if this is better as some cash machines charge a small fee and then banks charge between 1 and 3% for cash advances
Robert5988
16-04-2009, 15:30
<blockquote id="quote" class="ffs">quote:Cash machines often give the market rate rather than the tourist rate, however you need to work out if this is better as some cash machines charge a small fee and then banks charge between 1 and 3% for cash advances[/quote]Not sure what you mean by 'The Market Rate@
Draw US$400 from a cash machine and you get $400.(you might be debited $401 or so)
The crucial issue is what your bank charges.
If with a Debit card, most banks will give you the VISA(market) rate less 2.75% for their commission. Nationwide were the notable exception with no commission - but that is set to change.
If using a credit card to draw money, you will be charged an additional fee(as you would be for drawing £££s in UK)
Katys Grandad
20-04-2009, 12:17
Starting the week a little below the highs of last. Market rate is just over $1.46 this morning so probably getting $1.41 or so at the foriegn exchange desks.
The good news is that the sharp swings up and down seem to have disappeared (for now at least).
Sharp swings...the rate has dropped 3 cents since midnight, last trade as we speak was $1.45, started at $1.48 this morning, and sure to dive with the impending budget!
Katys Grandad
20-04-2009, 20:22
<blockquote id="quote" class="ffs">quote:Originally posted by BIGEYE
Sharp swings...the rate has dropped 3 cents since midnight, last trade as we speak was $1.45, started at $1.48 this morning, and sure to dive with the impending budget!
[/quote]
I know - I've jinxed it haven't I?
Madabouttigger
20-04-2009, 21:52
At least I can't be to blame this time [msnwink]
No, you are not to blame...the mad Grandad has confessed!
Shame on you Grandad...you should be banished to the dungeons below Cindy's castle and fed Arabian Nights dinner show food until the rate gets back up to $2.00.
Katys Grandad
20-04-2009, 23:04
But my spreadbet at $1.49 is showing a £400 profit - so there! [msnsmile2]
Katys Grandad
22-04-2009, 18:10
<blockquote id="quote" class="ffs">quote:Originally posted by BIGEYE
Sharp swings...the rate has dropped 3 cents since midnight, last trade as we speak was $1.45, started at $1.48 this morning, and sure to dive with the impending budget!
[/quote]
Looks like you called that one right. The Pound has fallen 3 cents since Mr Darling stood up!
JUST RECIEVED MY DOLLARS TODAY WITCH WE ORDERED LAST SEPTEMBER WHEN THE POUND STARTED
TO CRASH AGAINST THE DOLLAR.AT THE TIME WE GOT $1.76 I AM SO GLAD WE DID IT THEN AND
NOT WAITED TILL NOW. WE USED CROWN CURRENCY EXCHANGE. I HAD READ A FEW NEGATIVE POSTS
ABOUT CROWN C E BUT I WOULD DEFINITELY USE THEM AGAIN
SHARON
Robert5988
02-05-2009, 00:36
<blockquote id="quote" class="ffs">quote:JUST RECIEVED MY DOLLARS TODAY WITCH WE ORDERED LAST SEPTEMBER WHEN THE POUND STARTED
TO CRASH AGAINST THE DOLLAR.AT THE TIME WE GOT $1.76 I AM SO GLAD WE DID IT THEN AND
NOT WAITED TILL NOW. WE USED CROWN CURRENCY EXCHANGE. I HAD READ A FEW NEGATIVE POSTS
ABOUT CROWN C E BUT I WOULD DEFINITELY USE THEM AGAIN
SHARON[/quote]Hi,
The trouble with Crown Currency Exchange is that you have no propection at all if the firm go out of business - your money is not protected.
I really am puzzled by that firm. For the past couple of years they have offered exchange rates way above the going rates - and way in excess of the forward rates. you for instance are getting about 20% above the current rate.
P.S.
Just a tip! typing in capitals is considered to be 'shouting'.
oops sorry about! thanx for the tip robert
sharon & phil
Albert the Frog
05-05-2009, 01:25
Look at this-any higher i might get a nose bleed!
Currencies UK time
Sterling - US Dollar
1.5016 Mon 21:20
Katys Grandad
05-05-2009, 15:40
Fallen back just a touch now but we haven't seen these levels for a while. Interesting!
mfairhurst
05-05-2009, 18:36
Lets hope it keeps climbing and get near what it was 2 years ago ,Makes a difference to spending power .
MAUREEN
www.onlinefloridavillas.com/villas/1683.aspx
FraserLynn
07-05-2009, 21:13
I have to say the current trend looks really positive, long may it continue.[msnsmile2]
If the average spending money is £2000 for a family holiday then every 10c increase is worth an extra $200 or a couple of nice meals out - not to be sniffed at
I think for me the 'buy now' benchmark will be when you can get $1.50 on the high street.
Was watching Working Lunch yesterday and they were talking about the difference in the tourist rates achieved from different sources and Crown Currency Exchange was flagged up as having the best rate. They did not add a negative rider to the statement so presume they had no worry about the company.
I won't be buying on the high street, just using it as a bench mark. CCE is definately in my sights, my concern with pre-ordering is that if the rate goes above what you ordered at, then you lose out. I used Thomas Exchange Global last year, and recommend.
Katys Grandad
18-05-2009, 17:45
$1.53 today - high for 2009 I think.
The most encouraging thing at the moment is that it's held over $1.50 for quite a while now.
mfairhurst
18-05-2009, 20:13
Seems like it is holding and climbing a little then going back ,crossing fingers it climbs some more [msnsmile2]
MAUREEN
www.onlinefloridavillas.com/villas/1683.aspx
clairemca
18-05-2009, 20:42
<blockquote id="quote" class="ffs">quote:Originally posted by Katys Grandad
$1.53 today - high for 2009 I think.
The most encouraging thing at the moment is that it's held over $1.50 for quite a while now.
[/quote]
Where can I buy dollars with this exchange rate?
Claire
You can pre-order, have a look at crown currency exchange. High for today is $1.532.
clairemca
18-05-2009, 22:56
<blockquote id="quote" class="ffs">quote:Originally posted by BIGEYE
You can pre-order, have a look at crown currency exchange. High for today is $1.532.
[/quote]
Thanks![msnsmile]
Katys Grandad
20-05-2009, 20:39
Broke through $1.57 this afternoon - the recent rise has been sustained for a while now. Seems a long time since it had a down day.
You're not going to jinx it again Grandad...are you?
Katys Grandad
20-05-2009, 21:45
I'm saying nothing!![msnwink][msnwink]
FraserLynn
27-05-2009, 12:01
This continues to trend really well, I wonder if now is the time to buy property in Florida, the combination of a collapsed housing market and an improving exchange rate could make for things being really cheap[msnsmile]..... we have been tempted for a good while, perhaps now is the time....
Katys Grandad
27-05-2009, 12:36
Broke through $1.60 this morning.
canarypam
27-05-2009, 12:54
There are certainly some mega bargains out there at the moment!
<blockquote id="quote" class="ffs">quote:Originally posted by FraserLynn
This continues to trend really well, I wonder if now is the time to buy property in Florida, the combination of a collapsed housing market and an improving exchange rate could make for things being really cheap[msnsmile]..... we have been tempted for a good while, perhaps now is the time....
[/quote]
Katys Grandad
29-05-2009, 20:11
Big rise today - over $1.61. Another 2009 high.
EDIT - £1.62 now!!
Still $1.61, even the Euro has increased slightly.
Typical, hits the highest rate in 6 months just when I've got a bunch of dollars to change!
Well we fly out 2 weeks today so I've just bought (mixture of currency and a pre-loaded currency 'Visa' Card)given it's the highest rate for weeks - I know I risk it going even higher but there is also the chance it goes the other way too.[msntongue]
Katys Grandad
01-06-2009, 12:14
Starting this week just over $1.63. Another 2009 high.
$1.64 on Bloombery
Euro has increased well today also
Long may it continue
Tempting fate....but report on Bloomerg "The pound will rise as high as $1.72 within the next three months after breaking through a previous target of $1.60".
Katys Grandad
02-06-2009, 11:25
<blockquote id="quote" class="ffs">quote:Originally posted by BIGEYE
Tempting fate....but report on Bloomerg "The pound will rise as high as $1.72 within the next three months after breaking through a previous target of $1.60".
[/quote]
It's not that far off that point now. Yesterday it reached $1.65 before falling back just a touch.
Who knows if we'll see the high rates of the last few years again but I suppose that current levels aren't too bad, especially seen in terms of the last 9 months. As ever, It's where your benchmark is.
mfairhurst
02-06-2009, 16:46
Well as i said before wait for it going to $1.90 and then we all will be happy villa owners and our guests .
Better than watching the bad UK news about MPS letting us down[msnmad]
MAUREEN
www.onlinefloridavillas.com/villas/1683.aspx
Robert5988
02-06-2009, 16:57
<blockquote id="quote" class="ffs">quote:Well as i said before wait for it going to $1.90 and then we all will be happy villa owners [/quote]
Why happy owners?
It means the value of our investment has reduced in value.
grayster
02-06-2009, 17:12
The value of the property in GBP terms only matters when you're actually selling. The rest of the time its paper P&L only. A stong £ brings in more UK renters to the market. It is also good if you're bringing in GBP income for rentals and need to move it to USD.
I'd say take advantage of these current rates if you need to move £ across. GBP may push up to around $1.70 but it's reaching its ceiling. Dollar has been weakening as people start selling the 'safe' currency as glimpses of recovery show and move back into the riskier ones. £ has been attractive because of its excessive devaluing due to the UK's dependence on the financial sector (that collapsed). Don't expect 1.9/2.0 anytime soon with the UK economy in such a fragile state. But then, who knows!
True but high dollar rate means better exchange rates and more money in the US Bank Account to cover the running costs.
<blockquote id="quote" class="ffs">quote:Originally posted by Robert5988
<blockquote id="quote" class="ffs">quote:Well as i said before wait for it going to $1.90 and then we all will be happy villa owners [/quote]
Why happy owners?
It means the value of our investment has reduced in value.
[/quote]
sammibabe
02-06-2009, 18:56
As ever, It's where your benchmark is.
[/quote
This is so true. Compared to last year when we went we exchanged at nearly $2 to £ so quite bad if we were going this year. However compare to when we went in 2001 it would be quite good as we only got $1.41. I only remember this one because the bank messed up our currency and had to sort it out on the way to Gatwick. Long story but it does mean the exchange rate has stayed with me[msnwink].
Katys Grandad
02-06-2009, 21:25
<blockquote id="quote" class="ffs">quote:Originally posted by grayster
I'd say take advantage of these current rates if you need to move £ across. GBP may push up to around $1.70 but it's reaching its ceiling. Dollar has been weakening as people start selling the 'safe' currency as glimpses of recovery show and move back into the riskier ones. £ has been attractive because of its excessive devaluing due to the UK's dependence on the financial sector (that collapsed). Don't expect 1.9/2.0 anytime soon with the UK economy in such a fragile state. But then, who knows!
[/quote]
Actually, nobody knows. I gave up making predictions a long time ago when I finally realised that fact.
mfairhurst
02-06-2009, 22:18
Robert i mean happy villa owners as a lot of people will book FLORIDA with the dollar going up
MAUREEN
www.onlinefloridavillas.com/villas/1683.aspx
As I post, Crown Currency are offering $1.6425 if you can take delivery in between 51 and 75 days.
I've just had a piece of that on the basis that even if it does go a bit higher, I can't see it getting much above $1.75 before the school hols (and I'm willing to take a few cents' hit in that case) and there's an equal, maybe more, chance it could deteriorate.
Of course if I knew for certain I'd be " considerably richer than YOW". [8D]
Katys Grandad
03-06-2009, 11:55
Starting the day at $1.665. Steady and consistent upwards direction.[msnsmile2]
grayster
03-06-2009, 17:37
<blockquote id="quote" class="ffs">quote:Originally posted by Katys Grandad
<blockquote id="quote" class="ffs">quote:Originally posted by grayster
I'd say take advantage of these current rates if you need to move £ across. GBP may push up to around $1.70 but it's reaching its ceiling. Dollar has been weakening as people start selling the 'safe' currency as glimpses of recovery show and move back into the riskier ones. £ has been attractive because of its excessive devaluing due to the UK's dependence on the financial sector (that collapsed). Don't expect 1.9/2.0 anytime soon with the UK economy in such a fragile state. But then, who knows!
[/quote]
Actually, nobody knows. I gave up making predictions a long time ago when I finally realised that fact.
[/quote]
Yes that was actually my point at the end of the message. However, you need to understand the reasons for the changes before you can make an educated bet - and that's what it is. Just like buying shares or putting your savings in a bank.
Katys Grandad
03-06-2009, 22:19
<blockquote id="quote" class="ffs">quote:Originally posted by grayster
<blockquote id="quote" class="ffs">quote:Originally posted by Katys Grandad
<blockquote id="quote" class="ffs">quote:Originally posted by grayster
I'd say take advantage of these current rates if you need to move £ across. GBP may push up to around $1.70 but it's reaching its ceiling. Dollar has been weakening as people start selling the 'safe' currency as glimpses of recovery show and move back into the riskier ones. £ has been attractive because of its excessive devaluing due to the UK's dependence on the financial sector (that collapsed). Don't expect 1.9/2.0 anytime soon with the UK economy in such a fragile state. But then, who knows!
[/quote]
Actually, nobody knows. I gave up making predictions a long time ago when I finally realised that fact.
[/quote]
Yes that was actually my point at the end of the message. However, you need to understand the reasons for the changes before you can make an educated bet - and that's what it is. Just like buying shares or putting your savings in a bank.
[/quote]
Agreed, but it's very difficult to ever see any sense or logic to movements in currency rates. Today, for example, it rose to a new 2009 high and then dropped back well over 3 cents - all within about 7 hours. Whatever theit knowledge, who can claim to have predicted that?
At least with shares, there's the option to hold but with currencies, when you buy that's it.
The plunge from a high today of $1.6666 to a low of $1.6240 had me running for cover. I have pre-ordered from CCE at $1.6595, didn't go the full hog as I'm still optimistic the rate will get better. But to watch the last couple of weeks gains slip away before my eyes would be too much to bear, after letting this happen last year, losing 14 pts whilst waiting & hoping for a recovery.
Bigeye - A sensible strategy IMHO. I've done the same.
grayster
04-06-2009, 16:30
<blockquote id="quote" class="ffs">quote:Originally posted by Katys Grandad
<blockquote id="quote" class="ffs">quote:Originally posted by grayster
<blockquote id="quote" class="ffs">quote:Originally posted by Katys Grandad
<blockquote id="quote" class="ffs">quote:Originally posted by grayster
I'd say take advantage of these current rates if you need to move £ across. GBP may push up to around $1.70 but it's reaching its ceiling. Dollar has been weakening as people start selling the 'safe' currency as glimpses of recovery show and move back into the riskier ones. £ has been attractive because of its excessive devaluing due to the UK's dependence on the financial sector (that collapsed). Don't expect 1.9/2.0 anytime soon with the UK economy in such a fragile state. But then, who knows!
[/quote]
Actually, nobody knows. I gave up making predictions a long time ago when I finally realised that fact.
[/quote]
Yes that was actually my point at the end of the message. However, you need to understand the reasons for the changes before you can make an educated bet - and that's what it is. Just like buying shares or putting your savings in a bank.
[/quote]
Agreed, but it's very difficult to ever see any sense or logic to movements in currency rates. Today, for example, it rose to a new 2009 high and then dropped back well over 3 cents - all within about 7 hours. Whatever theit knowledge, who can claim to have predicted that?
At least with shares, there's the option to hold but with currencies, when you buy that's it.
[/quote]
Depends on why you buy the currency in the first place? To hedge, speculate or because you need it. You're right nobody can predict a 3 cent move - but that was only 2%. I'm more worried about +/-10% in the wrong direction with the amounts I move across.
As I said intially, who knows. But with a UK terrible economy plus a government on the verge of falling apart don't expect much of a rush of buyers of GBP. Not until Brown (or successor) start moving those BoE interest rates up at 0.5% per month in 2010/11!!!
I've started using forwards to try and hedge out this risk.[msncool]
Katys Grandad
05-06-2009, 21:48
Ending the week just about holding onto $1.60.
Nope, trading continues. Forex still trading at $1.5963 and still dropping. When Forex stops trading tonight, that will end the weeks trading. Trading starts again on Moday when far east markets open, and will probably be the opening rate for our market when shops open here.
Katys Grandad
06-06-2009, 04:34
<blockquote id="quote" class="ffs">quote:Originally posted by BIGEYE
Nope, trading continues. Forex still trading at $1.5963 and still dropping. When Forex stops trading tonight, that will end the weeks trading. Trading starts again on Moday when far east markets open, and will probably be the opening rate for our market when shops open here.
[/quote]
I said "ending" (note, not "ended") the week holding onto $1.60. I turned out to be about right.[msnwink]
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.
Katys Grandad
06-06-2009, 10:04
I only wish I could justifiably call my thoughts forecasts at all - I've accepted that they're no more than guesses really. If you want my guess, I think it might recover some of this week's losses. On the other hand, it might go further down....or perhaps stay the same!!!!!!
OK - Just for fun, I'll go for the Pound being higher this time next week.[msnsmile2]