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Dollars & Pounds

Holy Shit.

I just checked the exchange rate on XE.com and 1 UK Pound currently pretty much equals $1.99!!! ($1.98924 to be exact).

The heady days of £1 = $2 are pretty much almost here again. I'm thankful I'm living in the UK and will be heading to America on business/holiday this year and not the other way around!!!

I thought the dollar was on a recovery a couple of weeks ago and had managed to get back to the $1.86 mark!

Comments

kekhmet
Jan. 23rd, 2007 02:26 pm (UTC)
I thought the dollar was on a recovery a couple of weeks ago and had managed to get back to the $1.86 mark!

If it was, it must have been for such a brief time that one could blink and miss it - It's been above $1.90 / £ all January as far as I've noticed (I shift money over every month to pay various US debts)

hmmm, doesn't look like Paypal's exchange rate is reflecting the current midmarket rate yet. I'll check that again tomorrow!

I really should figure out what my blasted xe.com currency trading login was, so I can use xeTrade directly to exchange funds. paypal sets their rates once a day, I suspect has a wider buy-sell spread off mid-market than xe, and charges a 2.5% fee That said, the rates I get using them are still pretty good - only a few cents on the dollar off from the midmarket (unless the midmarket makes a big move from where it was the previous day!)

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