US ($) Currency Thread 2

jackieblack

Crown Currency offering 1.5401 for delivery between 15/6 & 28/8

Sorry, doesn't help ajdj, but may help someone else

ianblakesley

jackieblack wrote: »

Crown Currency offering 1.5401 for delivery between 15/6 & 28/8

Sorry, doesn't help ajdj, but may help someone else

Hi JB

do you think ordering currency 2 months in advance is a bit risky , i understand if the market was up alot higher but when its like is is at the moment , you could lose alot of money on the rate ?

jackieblack

ianblakesley wrote: »

Hi JB

do you think ordering currency 2 months in advance is a bit risky , i understand if the market was up alot higher but when its like is is at the moment , you could lose alot of money on the rate ?

Yes you could - or the rate could plummet again and you could be quids (or dollars!) in.
Who knows?
Not me, that's for sure. It's a gamble whenever you change up.
I got 1.55 in Tesco 2 months ago, over the counter, and 1.4934 a couple of weeks ago from CCE.

And we've got a general election coming up.

newish2this

ianblakesley wrote: »

Hi JB

do you think ordering currency 2 months in advance is a bit risky , i understand if the market was up alot higher but when its like is is at the moment , you could lose alot of money on the rate ?

It is a risk but it could pay off.
I booked an exchange with crown currency back in January for delivery early May. I have secured an exchange of $1.769 (thanks to the super advise of the guys on here:D). I figured that I would be happy with this exchange rate even if I were to lose out a bit. It's a gamble but one I am happy I have taken with the way things are at the moment:)

jackieblack

newish2this wrote: »

It is a risk but it could pay off.
I booked an exchange with crown currency back in January for delivery early May. I have secured an exchange of $1.769 (thanks to the super advise of the guys on here:D). I figured that I would be happy with this exchange rate even if I were to lose out a bit. It's a gamble but one I am happy I have taken with the way things are at the moment:)

Well done!

ianblakesley

newish2this wrote: »

It is a risk but it could pay off.
I booked an exchange with crown currency back in January for delivery early May. I have secured an exchange of $1.769 (thanks to the super advise of the guys on here:D). I figured that I would be happy with this exchange rate even if I were to lose out a bit. It's a gamble but one I am happy I have taken with the way things are at the moment:)

Thats good , i have 1 question though how can anyone offer that rate when it hasnt been that high since march 08 , it got up to 1.68 in november last year but thats the closest its been ? i only ask becuase i trade currencies so im aware of the market prices.

newish2this

ianblakesley wrote: »

Thats good , i have 1 question though how can anyone offer that rate when it hasnt been that high since march 08 , it got up to 1.68 in november last year but thats the closest its been ? i only ask becuase i trade currencies so im aware of the market prices.

I have no idea:o
Some wise person on here posted a link from crown currencies cancelled contracts back in January and this was what they were offering. We are not flying until 17/5/10 and I thought it was pretty good (especially as we only had $1.45 to the £1 last year). At the time, I think the exchange rate was around $1.60ish and was on its way up, so it did feel like a bit of a gamble;)

sabretoothtigger

Nice I wish I had made an order for delivery like that and Im not even going abroad

jackieblack wrote: »

Yes you could - or the rate could plummet again and you could be quids (or dollars!) in.
Who knows?
Not me, that's for sure. It's a gamble whenever you change up.
I got 1.55 in Tesco 2 months ago, over the counter, and 1.4934 a couple of weeks ago from CCE.

And we've got a general election coming up.

1.50 is a long term average.
Right now I think the rate is at a turning point again, the reason is we are repeating the prices of 1st of March for about the 3rd time. It keeps on dipping and recovering so like you say it could go either way.

To order right now seems reasonable. In theory the price is breaking out upwards but its also a bit of a groundhog day too

neilbond007

ianblakesley wrote: »

Thats good , i have 1 question though how can anyone offer that rate when it hasnt been that high since march 08 , it got up to 1.68 in november last year but thats the closest its been ? i only ask becuase i trade currencies so im aware of the market prices.

I guess they thought the $ was going to get weaker, not stronger. They're guessing nearly as much as us. If currency trading was easy we'd all be millionaires.

There was an article linked on here a few weeks back when a large number of financial institutions put in what they thought the £:$ rate would be in 12 months (at least i think that was the time frame). The results, all from experts, ranged from about $1.30 to over $2


Here's a link to the img - Submitted October 2009
http://img338.imageshack.us/img338/4663/forec5790188.jpg

ianblakesley

sabretoothtigger wrote: »

Nice I wish I had made an order for delivery like that and Im not even going abroad







1.50 is a long term average.
Right now I think the rate is at a turning point again, the reason is we are repeating the prices of 1st of March for about the 3rd time. It keeps on dipping and recovering so like you say it could go either way.

To order right now seems reasonable. In theory the price is breaking out upwards but its also a bit of a groundhog day too

1.50 is finding huge support of late , which is a sign prices will rise , this is how i feel certain companies can offer great rates because they are buying now and selling it later. But as people have said an election is coming so whos knows what will happen.