Floating Fox Posted 11 January 2009 Posted 11 January 2009 I thought the 1 Euro = 1 Pound thing was a joke. I was generallyhorrified to see the rate at 1.0862 on my bank statement after paying for some stuff on our holiday. I swear it used to be 1.6/1.7... <_< Someone exlpain to me why its so ****ing bad please and wether you think I'd be better off exchanging my money to Euros now or nearer to my holiday (A month away)
stez Posted 11 January 2009 Posted 11 January 2009 I thought the 1 Euro = 1 Pound thing was a joke.I was generallyhorrified to see the rate at 1.0862 on my bank statement after paying for some stuff on our holiday. I swear it used to be 1.6/1.7... <_< Someone exlpain to me why its so ****ing bad please and wether you think I'd be better off exchanging my money to Euros now or nearer to my holiday (A month away) it's not that bad if you're selling to europe.
Vacamion Posted 11 January 2009 Posted 11 January 2009 Try going on holiday in Zimbabwe. I hear the exchange rate is excellent...
Monk Posted 11 January 2009 Posted 11 January 2009 A combination of reasons really. Low interest rates here, worse sentiment about the UK economy vs Europe. But yeah, it's pretty bad. I still think it will breach parity some time soon...
Koke Posted 11 January 2009 Posted 11 January 2009 Try going on holiday in Zimbabwe. I hear the exchange rate is excellent... Two pair of apples cost about 1.5 million
Mickey O'Neil Posted 11 January 2009 Posted 11 January 2009 Does any 'expert' know how the US Dollar is heading please? I knew I should have bought when it was nearly 2 quid to the dollar
James. Posted 11 January 2009 Posted 11 January 2009 You should wait I think. The UK vs Europe effect is overdone.
Mickey O'Neil Posted 11 January 2009 Posted 11 January 2009 You should wait I think. The UK vs Europe effect is overdone. Cheers, off to the States in November.
James. Posted 11 January 2009 Posted 11 January 2009 Sorry I was responding to SUAS. Although I think the pound vs dollar is overdone as well so yeah wait till you go. Just my view.
Floating Fox Posted 11 January 2009 Author Posted 11 January 2009 You should wait I think. The UK vs Europe effect is overdone. It is because our Economy went tits up though isn't it and means I'm going to get less (beer) for my money?
James. Posted 11 January 2009 Posted 11 January 2009 It is because our Economy went tits up though isn't it and means I'm going to get less (beer) for my money? In a nutshell, yes. That's why I'm going to Istanbul in February!
Daggers Posted 11 January 2009 Posted 11 January 2009 I still reckon $1.5 to the pound is ok, I remember it being much lower than that. I'm miles from being an expert on this but I feel as though Sterling has been over-rated for far too long and that the relative slump is just a bit of settlement taking place.
purpleronnie Posted 11 January 2009 Posted 11 January 2009 Its pretty horrific but when I transfered money from the US to the UK I made $hitloads. But I will have to keep it in the england bank, but thats ok.
James. Posted 11 January 2009 Posted 11 January 2009 I still reckon $1.5 to the pound is ok, I remember it being much lower than that. I'm miles from being an expert on this but I feel as though Sterling has been over-rated for far too long and that the relative slump is just a bit of settlement taking place. I think you're right but then like many of the markets sometimes these corrections are overdone. The equilibrium is probably somewhere in between. Could be a while before we get there though.
Mickey O'Neil Posted 11 January 2009 Posted 11 January 2009 I remember it being $1.44 to the £ when I went in 2002! If it creeps over $1.60ish, I might start buying.
Steven Posted 11 January 2009 Posted 11 January 2009 Does any 'expert' know how the US Dollar is heading please? I knew I should have bought when it was nearly 2 quid to the dollar Long term down.
C-man Posted 11 January 2009 Posted 11 January 2009 I thought the 1 Euro = 1 Pound thing was a joke.I was generally horrified to see the rate at 1.0862 on my bank statement after paying for some stuff on our holiday. I swear it used to be 1.6/1.7... <_< Someone exlpain to me why its so ****ing bad please and wether you think I'd be better off exchanging my money to Euros now or nearer to my holiday (A month away) Well the Pound actually made a bit of a recovery this week against the Euro. It could be the effects of slashing interest rates to their all time low, but that's just one possible explanation. Generally, it's anyones guess whether you should exchange now or then Andy. Personally, I'd hold off as long as you can. It can't really get much worse, and if the last week is anything to go by, it should be back up to 1.2ish in a months time. It's currently around 1.12.
Floating Fox Posted 11 January 2009 Author Posted 11 January 2009 Well the Pound actually made a bit of a recovery this week against the Euro. It could be the effects of slashing interest rates to their all time low, but that's just one possible explanation. Generally, it's anyones guess whether you should exchange now or then Andy. Personally, I'd hold off as long as you can. It can't really get much worse, and if the last week is anything to go by, it should be back up to 1.2ish in a months time. It's currently around 1.12. Cheers James. When did you become a Financial pro anyway mate?
C-man Posted 11 January 2009 Posted 11 January 2009 Cheers James.When did you become a Financial pro anyway mate? Pro! I do economics at university mate which means I have a basic understanding...
BoneDog Posted 11 January 2009 Posted 11 January 2009 Does any 'expert' know how the US Dollar is heading please? I knew I should have bought when it was nearly 2 quid to the dollar The US dollar will be gone by the summer. Guaranteed.
DB11 Posted 11 January 2009 Posted 11 January 2009 http://www.xe.com/ http://www.xe.com/ http://www.xe.com/ http://www.xe.com/ http://www.xe.com/ http://www.xe.com/ http://www.xe.com/ http://www.xe.com/
MC Prussian Posted 11 January 2009 Posted 11 January 2009 http://www.xe.com/http://www.xe.com/ http://www.xe.com/ http://www.xe.com/ http://www.xe.com/ http://www.xe.com/ http://www.xe.com/ http://www.xe.com/ Seconded. My one and only currency converter. On a sidenote, I just realized that the pound has dropped massively over the past few months. Never seen it as low as of right now. I should invest in some more purchases via Amazon et al.
James. Posted 20 January 2009 Posted 20 January 2009 Don't listen to me. Pound getting battered again today. Down 5.5p against the dollar and 2.9p against the euro!
ozleicester Posted 20 January 2009 Posted 20 January 2009 Two pair of apples cost about 1.5 million is that apples or pairs?
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