blonde poker forum

Anyone have any idea's whether it is best to buy dollars just now or wait until later in the summer say July August? I know it is impossible to predict but it does seem to still be going down a tiny bit and I'd rather get it at 1.4 just now than say 1.25 or so if it does drop further! So sick had them at 1.7 last October and sold them!

Or does anyone have any dollars they want to sell at a decent rate looking for 5k.

thanks

Steven

Vegas casino was offering $1.28 for a pound yday

WTF, surely they are taking the piss?

It's down to 1.37 so not that suprised at the casino rate

1.452 at Barrhead Travel in Glasgow, I take it I should be jumping on that rate?

I just checked the 1st exchange rate site from google and it had it at 1.37 i'm off to vegas end of may not sure what best to do either ???

sounds good to me - 1.37 was best I could get last week

hopefully it is still the same when I go in tomorrow morning. Do a lot of Blondes sell dollars after their back from WSOP?

bite their hand off mate!!

Must be the Buy price, surely?

lol, do they fuck

big bunch of fish

Queue of blondes outside this travel agents in the morning

http://www.barrheadtravel.co.uk/foreign-exchange/

Buy rate is 1.58, sell is 1.452.

will be out of date i think i only got 1.33 at post office yesterday.....but if you can get it buy every dollar they have and you will make a right few quid m8

Does nobody think it'll go up at all before the summer ? Is it just total guesswork basically

i will have approximately $10000 to sell this time next friday








































(hopefully!) :D

FYP - you can stake me in this before you sell the rest!! :D

http://blondepoker.com/forum/index.php?topic=40581.0

Unless someone shoots Alistair Darling it will be going down for the considerable future!

putting a positive spin on all this - at least if you have a roll on line its value is going up and winning means more!?!?!?!!?!

ok so it sucks - but will be nice to ship a WSOP seat this year if the intention is to cash out!

Exactamundo

That's basically how financial markets work.

in theory it should be a random walk (ie equal probabilities of going up and down) because of arbitrage agents buying/selling as soon as info comes out that suggests differently. in practice, info isnt perfect and it takes a bit of time for info to be dispersed through the system. however, any info you get from reading the paper or watching the news is not enough to give you an edge on what the big money movers are doing - they have more info so will make better decisions so you have no idea if its going up or down. id buy just before i go and sell as soon as i get back to attempt to avoid massive swings

Buying low and selling high is a rather good modus operandum.

2-1 hey ralph,  ;frustrated;

So the dollar has went up a bit over the last week i'm thinking of buying a big chunk of what i'm going to take over with me in next day or so,would/are people doing the same or would you just wait and see.Also what's the best way of doing it travel agent/online ?? Cheers

i went to bnk today to pick up thai money and had a look and they are selling $ travelers cheques at £1-$1.39

Has anyone used Crowncurrency exchange,offering a good rate if you buy now collect June been searching for horror stories but they look legit.Just worried that if they go busto i will lose the lot.
  any opinions?

i'm in the same boat, I am gonna use them for the end of May at 1.5 for half the money I need just in case they go busto! Seem to have been trading for 5-6 years and good reviews on tripadvisor!

Just got back from vegas. A friend has about $5k to sell at spot rate if anyone wants it this week or next. Based in Manchester, or probs DTD next week.

Here's a thought, if you've got a neteller account.

Deposit now onto pokerstars. Todays rate is £1 = $1.43 then when you're near departure date, transfer to Neteller (I think they transfer at whatever the rate is with no commision) then withdraw english £ from Neteller and transfer to $ using bank of some sort.

That way if the rate goes down from now until the time you go, you'll already have compensated for the difference. Basically locking in todays rate. Obviously the down side is if the rate goes up.

That theory sounds good in my head.

Any thoughts

I'm surprised 77dave hasn't figured out a way of making a little bit of cash exchanging $ somehow. He should be a one stop exchange shop.

Come on Dave get on the ball.

Ive just ordered £4k's worth of dollars with flybe to be deliverd mid may at 1.435 which is decent

I maybe an idiot.

But for the life of me I can't work out how crown currency make their money.

Can anyone explain?

It appears that they are simply taking a view on the future rate, strange business model I agree.

Someone makes an order for £1000 at 1.40. They buy the dollars if/when the rate reaches 1.45. If it doesn't reach that price they swallow the loss.

If that is the way they are planning on making the money.. I wouldn't be giving them any business.

Let's say the dollar rises another 20% in the next 3 months. They could do their absolute bollocks.

I wouldn't trust them them with my money in order to get an extra 5% of dollars.

Much more chance of them going bust than 5% imo.

http://www.thehindubusinessline.com/mentor/2008/05/05/stories/2008050550361300.htm

tl;dr (and didn't understand either, even though I have an a level in economics!)

cliff notes plz.

just seems more likely to me that this company would use derivatives to lock in future rates, add on a profit margin and sell to the general public with no access to them rather than putting their finger in the wind and having a guess.

my guess would be they buy on the futures market, so they buy the rate at say 1.52 for mid may sell it at 1.5 and make 2c plus your interest for the 2-3 months. Pretty risk free simple way to trade, if the dollar goes up they make more if the dollar goes down they have already prebooked it on the market. I am guessing though?

is that just a really complicated way of saying just buy $s now?

1) your interest for 3 months will be how much exactly?  (clue the number will be the roundest of all the numbers)

2) An option to buy or sell at a price costs something - where does that money come from?

However I did notice this attractive referral programme on their site:

Get a FREE carton of Cornish Clotted Cream for each friend that places an order


 

LOL  ;hattip;

http://www.bbc.co.uk/news/business-11466272

Not good news :(

wiiiiiiiiiiiiiiiiiii an ante post tip comes in.

I was on there site Friday but decided to leave it for a while. lol

Dodged bullets here

myself and Paul Pitchford just got back from Veags yesterday and had over $5000 from Crown, seems we got lucky by about 2 weeks

How many brags.....

1 less than when I kick your ass at the Dev on Sunday :D

I might have seen this too late/not read the whole thread but I have enough + i'll sell $5k at spot.

PM me.

David