Earlier this year it would have transferred to about $38,000. Now it only comes to about $28,000. I've been waiting and watching the rates drop since October. I can't see how it could get any worse of an exchange, but could it? Should I transfer out now? Or when does anyone think it will go back close to what it was before? I hate the idea of losing $10,000 for almost no reason, but even $1000 loss is much more acceptable.
I really can't find any info on the web about this. I'm not looking for FOREX forecast's here, but any helpful information and insight.
no one knows what will happen…its all speculation…if you don’t need the money I’d be leaving it in the UK in the highest interest earning account possible (which is probably more than what you would get in the US)…there’s probably not much chance that you would find an investment in the US that would more than offset your fx losses…if you do need it, there’s not much you can do…
April 24th, 2009 at 4:36 am
You may sign up at below trading forex online website and convert the amount.
References :
http://tradingforexonline.info/
April 24th, 2009 at 4:50 am
no one knows what will happen…its all speculation…if you don’t need the money I’d be leaving it in the UK in the highest interest earning account possible (which is probably more than what you would get in the US)…there’s probably not much chance that you would find an investment in the US that would more than offset your fx losses…if you do need it, there’s not much you can do…
References :
April 24th, 2009 at 5:14 am
You might just want to wait. What’s the rush to take a beating. What kept you from converting when it was $2 USD to 1 pound? If you are playing the speculation game you may have been better off buying gold, however not right now. Back in 2003-2004 1 ounce sold in the $350 range. Who would have thought the price of gas would drop like it has, after consumers were paying over $4 per gallon in the USA. Sometimes haste makes waste. Do you believe that in the next few months your 19,000 pounds will convert to next to nothing? If it does your not the only one that is going to be a hurting unit.
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