todays exchange rate

[crabbie1]

Totally agreed! Yesterday I got more from Cheque Centre than FairFX was offering and I didn't even haggle with them (it was hardly worth it for a few hundred pounds). It's like the package vs DIY scenario: you can't dismiss any option until you check it out first.

Thats told me hey So if I go into M&S they will match fairfx HMM

 

[2Tiggies]

Thats told me hey So if I go into M&S they will match fairfx HMM

Oh not at all. All I was trying to say was that you can't dismiss an option until you've checked it out.

I don't know about M&S matching an internet rate .... but hey, if you don't ask, you never get to find out

 

[UKDEB]

When I woke up to the news of the agreement Congress had reached on Monday morning, I decided to bite the bullet and exchanged £1000 at a rate of 1.61122 with First Direct (commission free and free next day delivery via TravelEx). The rate hasn't hit that level since, so I'm happy with that.

 

[Howellsy]

BBC is reporting that Wall Street and world economies have suffered the worst day in 3 years... any thoughts on what this would do to the exchange rate tomorrow? I'm getting mine then or Saturday as I fly on Sunday so I'm running out of options now!

 

[jen_uk]

Thats told me hey So if I go into M&S they will match fairfx HMM

I went to a local place today and asked them to price match and they did so its def worth asking

 

[UKDEB]

BBC is reporting that Wall Street and world economies have suffered the worst day in 3 years... any thoughts on what this would do to the exchange rate tomorrow? I'm getting mine then or Saturday as I fly on Sunday so I'm running out of options now!

If it were just Wall Street, then the dollar would suffer, but because it doesn't operate in a vacuum, it's difficult to predict.

 

[crabbie1]

ok I will have a look at TA now you have convinced meWill they do TC or just cash .I have noticed though you normally have to spend over £500 min to get a decent rate

 

[les2425]

today rate at thomas cook online $1.5810 DOWN $0.0190
£500 = $790.50 DOWN $ 9.50
DOWN $ 9.50 since last since Friday
Record low monday 17th may 2010 $1.3786 £ 500 = $689.30
Record high tuesday 17th nov 2009 $1.6357 £ 500 = $817.35



not a nice end to the week

 

[2Tiggies]

Never mind, Monday starts another week .... It might just be all blue

How many days to that long awaited honeymoon now Les?

 

[disneyholic family]

i can't believe it - S&P just downgraded the US credit rating!!

i'm in shock!!

it's completely ridiculous...the US would never actually default on its obligations....
it's not greece or spain or italy...

the US owes money in its own currency....when you keep your currency, you have the 'luxury' of being able to turn on the printing presses if it comes to that...(though laws can get in the way, but they would be shortlived)..

anyway.....if i were a betting man, i'd say the pound will strengthen against the dollar.....but who knows...nothing in all this ever makes sense...

 

[2Tiggies]

.....but who knows...nothing in all this ever makes sense...

Ain't that the truth!!!!

 

[skelfbsfb]

i can't believe it - S&P just downgraded the US credit rating!!

i'm in shock!!

it's completely ridiculous...the US would never actually default on its obligations....
it's not greece or spain or italy...

the US owes money in its own currency....when you keep your currency, you have the 'luxury' of being able to turn on the printing presses if it comes to that...(though laws can get in the way, but they would be shortlived)..

anyway.....if i were a betting man, i'd say the pound will strengthen against the dollar.....but who knows...nothing in all this ever makes sense...

They where actually saying this week that they may not be able to pay peoples wages who work for local governement etc due to not having enough money in the kitty.

 

[disneyholic family]

They where actually saying this week that they may not be able to pay peoples wages who work for local governement etc due to not having enough money in the kitty.

local government is not relevant to the S&P rating...the S&P rating has to do with the United States - as in, if you buy a T-bill, will you get your money back.

The answer is: yes.

 

[ford family]

local government is not relevant to the S&P rating...the S&P rating has to do with the United States - as in, if you buy a T-bill, will you get your money back.

The answer is: yes.

But only in dollars, so if the dollar weakens against your home currency (China?) then you could get back less than you invested. The increased risk translates into a lowered credit rating.

ford family

 

[disneyholic family]

But only in dollars, so if the dollar weakens against your home currency (China?) then you could get back less than you invested. The increased risk translates into a lowered credit rating.

ford family

the credit rating has nothing to do with exchange rate - it has to do with the odds of defaulting....the US rating went down from AAA to AA because S&P claims the odds of default have gone up....

in other words, at AAA there was 0% chance of default
and now there's a 1% chance of default (i'm making up the numbers, but you get the idea)..

the credit rating is a rating of the chance of default...

exchange rate doesn't come into the equation......

the change in the credit rating then impacts the effective interest rate on the government securities...

so if before the T-bills were effectively paying 1%, the drop in the credit rating would push up the effective interest rate.

again, all of this has nothing to do with exchange rates.

it's a measure of the odds of default...

 

[les2425]

today rate at thomas cook online $1.6000 UP $0.0190
£500 = $800.00 UP $ 9.50
UP $ 9.50 since last since Friday
Record low monday 17th may 2010 $1.3786 £ 500 = $689.30
Record high tuesday 17th nov 2009 $1.6357 £ 500 = $817.35


its a $1.60 day again

 

[I_Heart_MK]

We just bought $600 on First Direct, free delivery, for £372.73 at a rate of 1.611 - very pleased as it's the best we've seen recently
Christine xxx

 

[les2425]

today rate at thomas cook online $1.5900 DOWN $0.0100
£500 = $795.00 DOWN $ 5.00
UP $ 5.00 since last since Friday
Record low monday 17th may 2010 $1.3786 £ 500 = $689.30
Record high tuesday 17th nov 2009 $1.6357 £ 500 = $817.35


Purple Tuesday

 

[mackay_j]

Just been looking at several sites for the longer term predictions for the dollar and most are forcasting a fall to about 1.3 by next feb

eg.http://www.forecasts.org/pound.htm and http://www.marketvector.com/exchange-rate/pound.htm
There were many more saying the same and only a few predicting it will stay between 1.5-1.6 ish. I think I am going to go today to get my dollars for next july - don't now want to take any chances after lokking at this.

 

[wayneg]

Just been looking at several sites for the longer term predictions for the dollar and most are forcasting a fall to about 1.3 by next feb

eg.http://www.forecasts.org/pound.htm and http://www.marketvector.com/exchange-rate/pound.htm
There were many more saying the same and only a few predicting it will stay between 1.5-1.6 ish. I think I am going to go today to get my dollars for next july - don't now want to take any chances after lokking at this.

These sites have never been correct, no idea why they do it. Forcasting exchange rates is like forcasting weather, too many factors involved to predict more than a few days ahead.