Dollar vs Pound
| harrygoodfella |
 Posted: Mon, 08/05/2006 - 9:47am |
 
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I don't know if anyone has noticed / cares but the Dollar is taking a pasting at the moment, and I read last week, that it is set to continue. http://newsvote.bbc.co.uk/1/shared/fds/hi/business/market_data/currency/11/12/one_month.stm So importing those goodies will be cheaper. One thing I have never understood though, is how the currency lark works. What is it linked to, and what causes it to go up and down. I thought it was the stock market, but on some occasions the market is up, and the exchange rate falls, and then vice versa. Any ideas??? |
| Rirawin |
Posted: Mon, 08/05/2006 - 12:23pm |
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Aye it certainly has got a helluva lot better recently, think it's something like 1.85 dollars to the pound. I think sometime last year during the summer it was 1.9, bordering 2.0, but then stooped down to something like 1.7. Pound has got a lot stronger against HKD too. |
| doo888 |
Posted: Mon, 08/05/2006 - 12:30pm |
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Pound has got a lot stronger against HKD too. That's because the HKD is pegged to the USD. |
| ItsTricky |
Posted: Mon, 08/05/2006 - 12:31pm |
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all i know is i get paid in usd and im taking the summer off so it is all getting changed to pounds and im going to get humpped! |
| Rirawin |
Posted: Fri, 12/05/2006 - 1:49pm |
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$1.89 to the pound. Crazyiness. |
| Luke |
Posted: Fri, 12/05/2006 - 1:52pm |
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seems to have started getting shit mid April |
| billy ray valentine |
Posted: Fri, 12/05/2006 - 1:55pm |
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http://www.uknetguide.co.uk/Finance/Article/Why_do_Currencies_Fluctuate.html |
| Luke |
Posted: Fri, 12/05/2006 - 1:58pm |
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so does that mean if we stopped making money at the mint for a while and supply became short we would see our exchange rate improve? |
| Homer |
Posted: Fri, 12/05/2006 - 5:12pm |
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Up again today edit, didnt see there were posts today on it
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| henry |
Posted: Sat, 13/05/2006 - 10:51am |
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ooof, making a thousand dollars a week out here atm, not good news for me, think i am going to save it all and put it away till the dollar gets better before i change it back to punds... |
| Rirawin |
Posted: Sat, 13/05/2006 - 3:54pm |
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...or spend it all |
| Chappie |
Posted: Sat, 13/05/2006 - 4:29pm |
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I'm off to New York in Nov, wondering whether to buy some $ now while the rates are good... |
| Homer |
Posted: Sat, 13/05/2006 - 4:36pm |
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I'm off to New York in Nov, wondering whether to buy some $ now while the rates are good... Deffo worth it if you planning to spend alot of cash. Its very nearly at its 52 week high. |
| Chappie |
Posted: Sat, 13/05/2006 - 4:47pm |
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Would be looking to change up about £1000. Thing is, I'm not overly keen on that laying round the house. |
| Noble Locks |
Posted: Mon, 07/08/2006 - 1:57pm |
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just thought i would pop this back up...what has the change been since this thread near on exactly 3 months?? Cos this equated to this for me earlier on a transaction. $224.99 USD = £121.15 GBP |
| Rirawin |
Posted: Mon, 07/08/2006 - 1:59pm |
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Gone up, had a bit of a low last month, think it went as low as 1.79 at one point. Today according to Xe.com, it's 1.90 |
| ViewWise |
Posted: Mon, 07/08/2006 - 2:02pm |
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| Martinmargiela2002 |
Posted: Mon, 07/08/2006 - 2:04pm |
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1.00 GBP United Kingdom Pounds = 1.90926 USD United States Dollars Not overly exciting. This was alot better before 7/7 as well, it used to be consistantly 2.2 . 1.00 GBP United Kingdom Pounds = 2.14076 CAD Canada Dollars |
| berktheboat |
Posted: Mon, 07/08/2006 - 2:04pm |
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we are trading at 1.9058 today |
| Ronald |
Posted: Mon, 07/08/2006 - 2:07pm |
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It's forecast to reach 2.0 by the end of the year. Christmas shopping in New York anyone? As for MFC's original question about exchange rates, it's linked to imports and exports. In purest terms, you need to hold another country's currency to buy their exports and they need to hold your currency to buy your exports. Because the US doesn't produce a great deal any more, it buys a lot of exports. This is the balance of payments issue - the US has more money going out than it has going in. This means that there are a lot of dollars out there: increased supply --> price of the dollar goes down. |
| berktheboat |
Posted: Mon, 07/08/2006 - 2:09pm |
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employment figures are whats fucking the dollar |
