US ($) Currency Thread 1 (closed - use thread 2)

inspector_monkfish

Blink_Eden wrote: »

I can't get my head around the Maths of this, so maybe someone can help...

Mrs Blink is Italian, so she could get her family to convert Euro to Dollar. The rate is about $1.30/€.

Doing £>€ and then €>$ seems to give me a rate of about 1.378, compared with about 1.376 when doing £>$, suggesting that there isn't much difference. Have I got that right? (We are only looking at changing about £1000 tops

ssems about right
not really worth all the extra hassle is it!!

Blink_Eden

inspector_monkfish wrote: »

ssems about right
not really worth all the extra hassle is it!!

Well, Mrs Blink is going back to Milan before we go to Florida, so it wouldn't be too much hassle, and the in-laws might always contribute a bit, but I agree it doesn't really make much difference.

inspector_monkfish

woooaaaah... down to 1.3540 in the markets now

after it was confirmed that we are definitely, without a shadow of doubt, deep in recession (ya don't say!!), with GDP figures announced as worse than expected at 9.30 this morning.

jinkssick

Wow. I already have made plans to spend just on food and travel within. Thats it for me and the missus, sadly.

Papers were stating that it was the Obama-syndrome, which should level itself out and the mess this country is in.

inspector_monkfish

jinkssick wrote: »

Wow. I already have made plans to spend just on food and travel within. Thats it for me and the missus, sadly.

Papers were stating that it was the Obama-syndrome, which should level itself out and the mess this country is in.

its not just this country thats in a mess, pretty much the whole world is, so that includes USA and Euroland.

in myopinion, GBP fall is overdone compared to other countries currencies, and i expect to see it rebound soon.... thats not to say it won't get worse before it gets better though

spitfirebbmf

I aggree with inspector monkfish, I think there has been a major selling off of the Dollar and Euro (Great for those guys visiting here) BUT its getting towards historically low level, I would keep an eye on the exchange rate for a bounce back. Any slightly good news or some real help from our goverment (don't hold your breath) and there could or should be a great rebound to more realistic levels.

Keep an eye on the rates live here Pound to Euro

Keep Smiling

gmoczulski

chances of a bounceback just to around 1.5 before june likely would anyone be able to hazard a guess to? Travelling to north america on my gap year....if only rates were as good as last year id be sorted and could go now!

inspector_monkfish

GBP/USD soaring up to 1.3850 at moment.

Mainly on the back of encouraging comments from our good friend Mr Gordon Brown this morning.

inspector_monkfish

GBP/USD is flying this morning, right up to 1.4175

on the back of a number of things, such as an encouarging rise in the Nikkei overnight, a few bits of bad news out of the US, promising news from Barclays, and an encouraging article from last nights Evening Standard by Anthony Hilton (very respected finance journalist)

onwards and upwards chaps...

Blink_Eden

inspector_monkfish wrote: »

GBP/USD is flying this morning, right up to 1.4175

on the back of a number of things, such as an encouarging rise in the Nikkei overnight, a few bits of bad news out of the US, promising news from Barclays, and an encouraging article from last nights Evening Standard by Anthony Hilton (very respected finance journalist)

onwards and upwards chaps...

Inspector, can you keep quiet, whenever you post this and I go and check, the rate has gone down (1.4153 according to BBC)