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Dollar weakening - Crown Currency still rising

Aberdeen, United...
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Dollar weakening - Crown Currency still rising

http://tinyurl.com/qswyfz

You can get $1.60 for later this year, and $1.58 for summer.

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Peterborough...
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1. Re: Dollar weakening - Crown Currency still rising

Was surprised thought Crown would've raised their rates by more - given the forecasts.

Fairfx are offering 1.56 for their credit card, plus Thomas Exchange are at 1.556.

I'd be surprised if at least $1.50 is available in the high street at the mo.

All good news - $1.75 by summer ;-)))

Reading, United...
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2. Re: Dollar weakening - Crown Currency still rising

I think it may drop back a little today but may rise slightly next week.

Aberdeen, United...
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3. Re: Dollar weakening - Crown Currency still rising

My biggest issue is with how this affects prices in the UK. I see no signs of ticket prices dropping. I also see no sign of petrol prices here dropping - even though we buy oil in Dollars. I know oil has risen - but I thought this strengthening would have offset the rises.

Back in the new year, I was indicating $1.60 as being my predicted rate for September. I think it might be higher than that now.

Manchester UK
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4. Re: Dollar weakening - Crown Currency still rising

On sky news as I type:

"Sterling at a five month high against the dollar"

The expert said that a fair value for the £ against the $ is about 1.65!!

UK
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5. Re: Dollar weakening - Crown Currency still rising

Economists have forecast a rate of $1.55-1.56 by the summer. I cannot see it going to $1.75 in the near future. Chinners may be nearest as I reckon it will reach a possible $1.60 thgis year. It is falling now as profits are taken. J.

Peterborough...
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6. Re: Dollar weakening - Crown Currency still rising

The 1.75 rate came from an article on FT.com which Citigroup claimed that the £ was trading around 15% below "fair value" against the $, Barclays predicts a 18% rise and Goldman Sachs a 23% gain. The article was written when the rate was $1.54.

Tourist rates in Peterborough town centre say Thomas Cook at 1.5228 & Post Office at 1.5220 for exchanges more than £500.

We've decided to change our money in 3 chunks, bought the first chunk today and will wait and see how the exchange rate changes next month.

Fleet, United...
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7. Re: Dollar weakening - Crown Currency still rising

Back at the start of the year I forecast that by September the rate would be $1.70 to the £

Not sure it will make that rate but will be close I am thinking

8. Re: Dollar weakening - Crown Currency still rising

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