What's Going on with the Dollar rate???

[Katys Grandad]

<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]

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]

<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]

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!

[becbecs]

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]

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]

<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]

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

[edlea]

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]

Starting the day at $1.665. Steady and consistent upwards direction.[msnsmile2]