dollar rate - is it going to go down?

unwashed potato! · 23 Mar 2007 at 13:05

man this dollar rate is good and bad, and today its bad. Whenever i have gone to florida i have always loved it as i get loads of dollars for my pounds, but i've fiannly reached $100 on my adsense account and i checked to see how much that is in pounds and its only £50

was hoping for atleast £60

anyways, is this likely to go back to the way it was or down a bit in the near future? i can keep my adsense money on hold until it gets better but only if its likely to in the next month or so

Murf · 23 Mar 2007 at 13:05

How long is a piece of string?

If anyone could answer your question with certainty they'd be a millionaire, and not posting on this forum.

Visage · 23 Mar 2007 at 13:06

My crystal ball says: 'Dunno'

POB · 23 Mar 2007 at 13:07

Prays for the dollar rate to go in the opposite direction to what addy_010 wants as I'm off to New York in two weeks

Alasdair · 23 Mar 2007 at 13:15

POB said:
Prays for the dollar rate to go in the opposite direction to what addy_010 wants as I'm off to New York in two weeks

The dollar won't climb much in a fortnight, but I've noticed it's climbed by a couple of cents in the past month or so.

Adam · 23 Mar 2007 at 13:18

Well if you just look at it that you didn't have anything to start with so whatever is in your adsense account is a bonus. Strictly speaking, prices don't go up in the USA in line with the exchange rate so you haven't really lost out.

ChroniC · 23 Mar 2007 at 13:19

Hasnt changed since i went in early february.

HEADRAT · 23 Mar 2007 at 13:20

$ will get weaker in my opinion.

HEADRAT

Buttons · 23 Mar 2007 at 13:30

This does not constitute financial advice so you can't sue me but I just bought currency through Crown Currency Exchange, got a brilliant 31 day rate at international exchange rate.

You pay a fee but no traditional style commission.

It is definitely gonna go down when the BofE don't hike interest rates.

Simian · 23 Mar 2007 at 14:07

Murf said:
How long is a piece of string?

Twice the Length from the Center to One End!!..

Wossi · 23 Mar 2007 at 14:37

The accountant at work has just bought a load of dollars and the exchange rate was $1.98 to £1

Clipsey · 23 Mar 2007 at 14:44

At the moment its extremely high so guessing its only goiing to head one way -
Saying that its been steady for about 6months now!!

Happend at the most perfect time

I live in the states now and sold everything and converted it all to dollars at 1.95 !!!

Plus Im still spending some of my english money I have in some accounts back home and it makes everything so so cheap!!!
Gym membership 10pounds a month lol
Petrol - 16 pounds to fill up

maranello168 · 23 Mar 2007 at 14:52

dollar will go down further due to china's decision to reduce their foreign currency cash reserves and also because the uk will raise rates around may time in order to curb inflation.

maranello168 · 23 Mar 2007 at 14:54

R0551 said:
The accountant at work has just bought a load of dollars and the exchange rate was $1.98 to £1

thats pretty much impossible seeming the last time sterlingdollar hit 1.98 was back in early january, had he 'just' bought sterlingdollar these past couple of days, the max he could've got it for was around 1.96XX

i know this as i'm a forex dealer

maranello168 · 23 Mar 2007 at 14:56

Buttons said:
This does not constitute financial advice so you can't sue me but I just bought currency through Crown Currency Exchange, got a brilliant 31 day rate at international exchange rate.

You pay a fee but no traditional style commission.

It is definitely gonna go down when the BofE don't hike interest rates.

what spread did the crown currency exchange apply to the amount do u know? i wouldn't call it brilliant if they applied a 250pip spread onto the rate :eek:

growse · 23 Mar 2007 at 14:58

Didn't we have this thread a few weeks back?

Shall I post the pretty graph again?

Loki · 23 Mar 2007 at 15:02

Simian said:
Twice the Length from the Center to One End!!..

Smart ass

As the American economy begins to recover I can only see it going down

ChroniC · 23 Mar 2007 at 16:14

R0551 said:
The accountant at work has just bought a load of dollars and the exchange rate was $1.98 to £1

i wouldnt be so sure to believe him. I went very recently and only got 1.86, and i know it hasnt gone up. Infact i noticed the de changes giving 1.84, so i think hes lying.

Werewolf · 23 Mar 2007 at 16:35

ChroniC said:
i wouldnt be so sure to believe him. I went very recently and only got 1.86, and i know it hasnt gone up. Infact i noticed the de changes giving 1.84, so i think hes lying.

1.98 is about the banking rate - i guess if he paid a fixed fee he could well have got close to it (the burea de change etc make their money by the difference between the banking rates and what they buy/sell for).

ChroniC · 23 Mar 2007 at 16:47

Werewolf said:
1.98 is about the banking rate - i guess if he paid a fixed fee he could well have got close to it (the burea de change etc make their money by the difference between the banking rates and what they buy/sell for).

ok, fair point.