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Exchange rates

Last post Mon, Oct 19 2009, 12:03 PM by ATM. 2 replies.
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  •  Mon, Oct 19 2009, 12:03 PM

    Re: Exchange rates

    Lee, the exchange rates do change every second and as Maxsteam wrote, there are no sites that can give you advice on where the FX rates will go in the furure. Sometimes on sites like fxcm.com you can look at predictions on various currency pairs by analysts - this doesn't cost anything but it is only a prediction and the professionals can get it wrong just as easy as me or you.

    If you are taking a large amount of Rand for your honeymoon, you could consider buying some each month intil you go, or maybe using a currency broker to negotiate a better rate than the high street banks, but the better ones look for a minimum transaction size of £5,000 or £10,000 to do a deal.

    • Post Points: 5
  •  Mon, Oct 19 2009, 8:45 AM

    Re: Exchange rates

    Lots of sites will tell you the exchange rate today, some even will tell you what the rate was last month (xe.com, oanda.com, etc) but there isn't yet a site that will tell you the rate for a future date. The best that you might do is to look at the rate today, the rate for a month ago and then decide if you think that things will keep moving in the same direction over coming months.
    • Post Points: 5
  •  Sun, Oct 18 2009, 11:21 PM

    Exchange rates

    Hi can you help me in any way regarding the exchange rate of the pound against the south african rand is it going to climb and get better as im going to south africa in feb for my honeymoon and could be doing with a good exchange rate. Thanx Lee.
    • Post Points: 35