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Title: Do i cash out now or wait??? Post by: Amatay on July 10, 2008, 02:24:44 AM I've got almost $20k floating around in cyberspace atm and need to cash alot of this out. However, someone suggested to me that it might be best to wait a month or two because the dollar will be worth more in £ or summat in the next few months? Is this true? Also do some sites offer better exxchange rates etc than others? Thankyou please.
Title: Re: Do i cash out now or wait??? Post by: WarBwastard on July 10, 2008, 04:14:43 AM Historically the dollar strengthens after Presidential elections...so if you can wait until November you should get a much better return, especially if Barack Obama wins.
Title: Re: Do i cash out now or wait??? Post by: GreekStein on July 15, 2008, 12:41:43 AM these brag posts used to be thinly veiled once upon a time!
Title: Re: Do i cash out now or wait??? Post by: M3boy on July 15, 2008, 01:26:46 AM tbh, with $20k it wont make that much of a difference.
Title: Re: Do i cash out now or wait??? Post by: Moskvich on July 15, 2008, 01:41:54 AM Relative to $20k it might! But if it doesn't make much of a difference to you, feel free to send 5% of $20k to my Stars account...
Title: Re: Do i cash out now or wait??? Post by: M3boy on July 15, 2008, 02:19:11 AM Relative to $20k it might! But if it doesn't make much of a difference to you, feel free to send 5% of $20k to my Stars account... $20k into £ at 1.99 (todays rate) = £10,050 $20k into £ at 1.94 (lowest this year) = £10,309 $20k into £ at 2.03 (highest this year) = £9,852 So the dollar has fluctuated by a max of $0.09 to the £ which only gives a difference of £457 In reality, the $ has only fluctuated by $0.04 in the last 4 months ($1.94 to $1.98) which is a difference of £208. This assumes he wishes to cash out all $20k (which I doubt) . So if he only wishes to cash out half, then the max swing on $10k this year has been £229 and in the last 4 months only £104. Not exactly relative imo. It could even be counter weighed by any interest gained once in the bank Title: Re: Do i cash out now or wait??? Post by: Amatay on July 15, 2008, 02:35:26 AM Cheers for this m8
Title: Re: Do i cash out now or wait??? Post by: AlexMartin on July 15, 2008, 03:31:24 AM Relative to $20k it might! But if it doesn't make much of a difference to you, feel free to send 5% of $20k to my Stars account... $20k into £ at 1.99 (todays rate) = £10,050 $20k into £ at 1.94 (lowest this year) = £10,309 $20k into £ at 2.03 (highest this year) = £9,852 So the dollar has fluctuated by a max of $0.09 to the £ which only gives a difference of £457 In reality, the $ has only fluctuated by $0.04 in the last 4 months ($1.94 to $1.98) which is a difference of £208. This assumes he wishes to cash out all $20k (which I doubt) . So if he only wishes to cash out half, then the max swing on $10k this year has been £229 and in the last 4 months only £104. Not exactly relative imo. It could even be counter weighed by any interest gained once in the bank jesus, officially the most sensible and well-presented post iv ever seen you make. delivered. Title: Re: Do i cash out now or wait??? Post by: UpTheMariners on July 15, 2008, 03:59:54 AM Relative to $20k it might! But if it doesn't make much of a difference to you, feel free to send 5% of $20k to my Stars account... $20k into £ at 1.99 (todays rate) = £10,050 $20k into £ at 1.94 (lowest this year) = £10,309 $20k into £ at 2.03 (highest this year) = £9,852 So the dollar has fluctuated by a max of $0.09 to the £ which only gives a difference of £457 In reality, the $ has only fluctuated by $0.04 in the last 4 months ($1.94 to $1.98) which is a difference of £208. This assumes he wishes to cash out all $20k (which I doubt) . So if he only wishes to cash out half, then the max swing on $10k this year has been £229 and in the last 4 months only £104. Not exactly relative imo. It could even be counter weighed by any interest gained once in the bank jesus, officially the most sensible and well-presented post iv ever seen you make. delivered. FACT! Title: Re: Do i cash out now or wait??? Post by: maldini32 on July 15, 2008, 04:22:04 AM Relative to $20k it might! But if it doesn't make much of a difference to you, feel free to send 5% of $20k to my Stars account... $20k into £ at 1.99 (todays rate) = £10,050 $20k into £ at 1.94 (lowest this year) = £10,309 $20k into £ at 2.03 (highest this year) = £9,852 So the dollar has fluctuated by a max of $0.09 to the £ which only gives a difference of £457 In reality, the $ has only fluctuated by $0.04 in the last 4 months ($1.94 to $1.98) which is a difference of £208. This assumes he wishes to cash out all $20k (which I doubt) . So if he only wishes to cash out half, then the max swing on $10k this year has been £229 and in the last 4 months only £104. Not exactly relative imo. It could even be counter weighed by any interest gained once in the bank jesus, officially the most sensible and well-presented post iv ever seen you make. delivered. FACT! Title: Re: Do i cash out now or wait??? Post by: M3boy on July 15, 2008, 08:09:40 AM You know me, I back up my statements - I do not just post random shit for the hell of it - well not often.
As for it being the most sensible and well presented post I have ever made? Nah, the one that got deleted a few days ago was better ;) |