wots happening to the exch rate?

[pieman790]

<blockquote id="quote" class="ffs">quote:Originally posted by Steviek
We were quoted 1.84 at the beginning of last week by exchange Co & now its down to 1.76 which has cost us £1500!
[/quote]

We bought our villa in May 2004 and the exchange rate was doing the same then. When we had to send the money off it had cost us about the same amount and we got an exchange rate of $1.78 but it had been as high as $1.85 a few weeks earlier. Makes you sick when this happens. People were saying back in March/April that the exchange rate will fall after the elections. Not sure how much it will fall. It was round the $1.40 mark for many years, before the rises last year.

[Harmony]

Tell me about it [V] when I bought our villa we got 1.38 [msncry][msncry]. Just think what we would have saved at todays rates.

Jeff

[sandra777]

We got 1.57 when we bought in March 2003[msncry] but look how the price of villas has risen since then[msnsmile2][msnsmile2][msnsmile2]

[KJH]

We closed in May 2004 and everytime there was a jump in rates we sent more over to the US, averaged at $1.82 so it worked out really well. Every time theres a high point we still transfer money in case we want to buy any extras, or use it for holiday money.

Kaz