Do i cash out now or wait???

[Amatay]

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.

[WarBwastard]

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.   

[GreekStein]

these brag posts used to be thinly veiled once upon a time!

[M3boy]

tbh, with $20k it wont make that much of a difference.

[Moskvich]

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...

[M3boy]

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

[Amatay]

Cheers for this m8

[AlexMartin]

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.

[UpTheMariners]

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!

[maldini32]

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!

[M3boy]

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