|
The Camel
|
 |
« on: February 03, 2010, 04:12:57 AM » |
|
Let's say you borrow $1000 from another Brit in Vegas.
You don't see him for 6 months and in the meantime the exchange rate has moved massively meaning the $1000 you borrowed is now worth £600 instead of £800.
How much do you think you owe the guy?
The rate today, the rate when you borrowed the money or the higher amount (whichever it is)?
|
|
|
|
|
Logged
|
Congratulations to the 2012 League Champion - Stapleton Atheists
"Keith The Camel, a true champion!" - Brent Horner 30th December 2012
"I dont think you're a wanker Keith" David Nicholson 4th March 2013
|
|
|
|
Claw75
|
|
« Reply #1 on: February 03, 2010, 04:15:59 AM » |
|
I'd say the rate when you borrowed the money
|
|
|
|
|
Logged
|
"Arguing with idiots is like playing chess with a pigeon....no matter how good you are the bird is going to shit on the board and strut around like it won anyway"
|
|
|
|
nirvana
|
|
« Reply #2 on: February 03, 2010, 07:17:09 AM » |
|
Unless something like "ok so you owe me £800" was said at the time of the borrowing it's a dollar denominated debt imo, and thus should be paid back in dollars or the rate at the time of paying back.
This must be the right way to look at it I think |
|
|
|
|
Logged
|
sola virtus nobilitat
|
|
|
|
thediceman
|
|
« Reply #3 on: February 03, 2010, 09:02:41 AM » |
|
Let's say you borrow $1000 from another Brit in Vegas.
You don't see him for 6 months and in the meantime the exchange rate has moved massively meaning the $1000 you borrowed is now worth £600 instead of £800.
How much do you think you owe the guy?
The rate today, the rate when you borrowed the money or the higher amount (whichever it is)?
Depends on whether your the borrower or lender  Is it not fair that it should be at the original rate as that is what it cost the lender. |
|
|
|
|
Logged
|
|
|
|
|
Laxie
|
|
« Reply #4 on: February 03, 2010, 09:17:23 AM » |
|
Why not just repay it in the same currency borrowed?
|
|
|
|
|
Logged
|
I bet when Hugh Hefner dies, you won't hear anyone say, "He's in a better place."
|
|
|
|
Graham C
|
|
« Reply #5 on: February 03, 2010, 09:38:37 AM » |
|
Unless something like "ok so you owe me £800" was said at the time of the borrowing it's a dollar denominated debt imo, and thus should be paid back in dollars or the rate at the time of paying back.
This |
|
|
|
|
Logged
|
|
|
|
|
kinboshi
|
|
« Reply #6 on: February 03, 2010, 09:45:21 AM » |
|
Just grim them, in either currency.
|
|
|
|
|
Logged
|
'The meme for blind faith secures its own perpetuation by the simple unconscious expedient of discouraging rational inquiry.'
|
|
|
|
outragous76
|
|
« Reply #7 on: February 03, 2010, 09:47:07 AM » |
|
Why not just repay it in the same currency borrowed?
this resolves it |
|
|
|
|
Logged
|
".....and then I spent 2 hours talking with Stu which blew my mind.........."
|
|
|
|
Laxie
|
|
« Reply #8 on: February 03, 2010, 10:08:07 AM » |
|
TBH, 'rate when you borrowed' seems most fair from both sides as you're giving back exactly what was loaned. If they had to pay £800 for it then, can't see them being too happy receiving £600 now. The borrower shouldn't penalise the lender in any event...especially if you'd like the option in future.
|
|
|
|
|
Logged
|
I bet when Hugh Hefner dies, you won't hear anyone say, "He's in a better place."
|
|
|
|
doubleup
|
|
« Reply #9 on: February 03, 2010, 11:08:46 AM » |
|
Why not just repay it in the same currency borrowed?
this resolves it I'm for this as welll - also if someone wants to pay you back in £, it should be enough for you to go to travelex etc and buy that amount in $. |
|
|
|
|
Logged
|
|
|
|
|
Cf
|
|
« Reply #10 on: February 03, 2010, 11:26:03 AM » |
|
I'd say either current rate or just pay them in $.
eg, say you borrowed a PS3 from your friend so you can play FFXIII when it comes out. PS3 at that time is currently worth £250. FFXIII is released and you play it and enjoy it but friend wants his PS3 back. The PS3 has since had a price drop to £200. You can either give back exactly what you borrowed (the PS3) or its current value (£200, with which he can buy a new one). Asking for £250 instead is unreasonable and you would never give him this.
|
|
|
|
|
Logged
|
Blue text
|
|
|
|
thediceman
|
|
« Reply #11 on: February 03, 2010, 11:54:29 AM » |
|
So those saying payback at todays rate would you pay say £1000 instead of the £800 if the exchange rate had moved in the other direction ?.
|
|
|
|
|
Logged
|
|
|
|
|
Dewi_cool
|
|
« Reply #12 on: February 03, 2010, 11:57:51 AM » |
|
£800
|
|
|
|
|
Logged
|
The very last hand of the night goes to Dewi James, who finds ACES and talks Raymond O’Mahoney into calling his all-in preflop bet of 15k. “If I had AQ, I’d call!” says Dewi. Raymond calls holding pocket 66’s.
|
|
|
|
LeedsRhodesy
|
|
« Reply #13 on: February 03, 2010, 12:03:10 PM » |
|
if i lent some one $1000 i would want $1000 back
|
|
|
|
|
Logged
|
|
|
|
|
Royal Flush
|
|
« Reply #14 on: February 03, 2010, 12:03:22 PM » |
|
obv just pay at current rate, your borrowed $1k so you pay back $1k
|
|
|
|
|
Logged
|
[19:44:40] Oracle: WE'RE ALL GOING ON A SPANISH HOLIDAY! TRIGGS STABLES SHIT!
|
|
|
|
Author