Exchange Rates

**Susan** · 18-08-2004, 17:24

I think I've missed the boat on good exchange rates; best yesterday was 1.763. Not sure if I should buy straight away or wait a few days (we travel in 3 weeks .... yahoo

).

**amy** · 18-08-2004, 18:28

I dont know about missed the boat, $1.76 is very good for a tourist rate, the bussiness rate was not that much higher the other week.
I would buy now.
It is far greater than the $1.35 we where getting at the start of last year.

**margy** · 18-08-2004, 18:29

the dollar is up and down lately dawson and sandersons rate is 178.25
today marks and spencer is just about the same but with 3 weeks to go you should have time to get a good rate

**Daniel Snell** · 18-08-2004, 18:32

I Agree with Amy. Susan $1.76 is a great rate and the difference between this and say anything over $1.80 is really not worth worrying about unless you plan to spend thousands.

**Jackie1** · 18-08-2004, 18:47

Hi Susan,
I have just checked on Mark and Spencers website and there exchange rate is 1.785 and you can order online. Hope this is of some help.
Jackie

**weavemswee** · 19-08-2004, 02:58

I've had a look at the 'Financial Forecast Center' web site.
I don't know much about the finance world nor how the market forecasts things like this but the prediction for the U.S. Dollars per British Pound Currency Exchange Rate is:
Aug 1.86
Sept 1.55
Oct 2.22
Nov 2.32
Dec 2.41

...anyone any thoughts about this ?

**trevlad** · 19-08-2004, 03:49

wow show me the money and put my builder off til x mas!!!!!!!!!!!!!

[8D]

**Robert5988** · 19-08-2004, 03:53

[quote]I've had a look at the 'Financial Forecast Center' web site.
I don't know much about the finance world nor how the market forecasts things like this but the prediction for the U.S. Dollars per British Pound Currency Exchange Rate is:
Aug 1.86
Sept 1.55
Oct 2.22
Nov 2.32
Dec 2.41

...anyone any thoughts about this ?
quote]

This has been said many times. The best brains in the financial centres of the world, with access to every possible piece of data, try to estimate which way exchange rates will go. They gamble millions on the £/$ rate changing by a fraction of a cent. They often get it wrong as rates are affected by unforseen and unforcastable events - war/terrorism etc.

It sounds like the artificial inteligence used in that computer model has had a malfunction to forecast the £/$ exchange rate to drop by 20% between Aug and Sept and then rise by 50% between Sep and Oct.

Now if I could depend upon it!!!