Exchange rates

[dksbbs]

I'm sticking with my prediction, is there going to be a cut off date for further predictions?


Dave

[Sue Pryer]

My prediction 2.38

[redrhino12]

Cut off date will be July 15th 09.
There is no changeing your predictions now because they have been written in stone.

Gene

[redrhino12]

Dont get to excited,but the exchange rate is gradualy creeping up.
On the mainpage ICR now have it at 240TL to the £ meaning in resort at the supermarket we can get 230 plus to the £.

Gene

Highest it's been for about 2 months. I get a text everyday telling me the bank rates as I subscribed to a free currency text service, get the bank rate sent to me every morning.

Steve

[dksbbs]

It's nearly at 2.44 now, thats 0.034 rise today, long may it continue climbing

Dave

Yeah would be nice if can get 2.4 in resort.

steve

[eddie]

we just got back this morning we were getting 2.32 lira yesterday .

[Katiehutchinson_1991]

its still so low
xx

[Glen]

Its closed at 2.44 today thats exactly the same as the central bank rate at this time last year! Thats not so low in the present climate considering you will lose about 35% if you exchange for euros compared to last year.

[Sue]

we are here now and ıt s 2.35

That's good. But think it may drop again next week but I'm hopeing it wont.

Steve

[Katiehutchinson_1991]

why do you think it might drop again next week ?
xxx

Because reading in the paper the yesterday that Pound has took another beating on the global market again on friday. So may affect exchange rates from next week.

Steve

[Katiehutchinson_1991]

fantastic
thanks steve
xxx

[dksbbs]

Because reading in the paper the yesterday that Pound has took another beating on the global market again on friday. So may affect exchange rates from next week.

Steve

It took a beating half way through the day on Thursday when a leading credit rating agency downgraded the UK to negative from stable, this caused a run on the £ where it fell by 0.04Lira in less than 30 minutes but started to recover during the rest of the day, it then continued to climb on Friday where the interbank rate ended £1=2.4634TL so would expect getting 2.36-2.40 in Icmeler this weekend.

Fortunatley the UK kept it's AAA credit rating which is the highest possible , only a third of countries when downgraded keep their credit rating so if that drops to AA I can see the £ tumbling


Dave

So doesn't sound as bad as the papaer was makeing out in that case then. The way they were talking the world was going to write us off as a no go for investment and the £ was gonna tumble. Mind you it was the Sun so prob not the best paper to reoprt on financial issues.

Steve

[Katiehutchinson_1991]

aw at least that is some good news
xxx

[sandyglen]

just back exchange rate was 2.36 and went up to 2.40 yesterday.

[grimmy4000]

asda are on 2.32 at the mo which is good so i might be buying that