Exchange Rates

Stinky

Stinky

Stinky

Soldato
Joined
28 Mar 2005
Posts
9,254
Looking at Lloyd's at the moment EURO = 1.205900

now obviously i want to buy at the best price! what does the exchange rate depend on?? i mean what will make it go up? and what will make it go down?

i've got till September to buy, so im not to worried about buy asap
 
The markets within the europe and the uk is the depending factor. Does the UK economy look like it is growing compared to the euro? If yes wait, if no then buy now.

Look at the historical data over the last year, most tickers should show you that and then see if its going up or down?
 
As I suggested in the previous exchange rate thread, try www.crowncurrencyexchange.co.uk.
What they do is agree now to provide you with currency in the future at a specified rate. I did this but only for a few weeks in advance and got a good rate. The only downside is if the exchange rate improves and goes above the rate you got. It's a bit of a gamble, but can pay off.
For the more financial savvy, you are buying a "forward".
 
Stinky said:
well it aint improving thats for sure. but ..... is it really going to get lower than 1.2 :eek:
Click to expand...

If the EU raises interest rates (due at 12:45) then that will likely make the Euro stronger and the rate will come down to lower than 1.2

That said the general consensus is that they will raise so this will be mostly priced in to the current exchange rate anyway.
 
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