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Cf
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« Reply #15 on: February 03, 2010, 12:05:27 PM » |
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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 ?.
Yes. You borrowed $1000 and that is now what $1000 is worth. |
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Josedinho
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« Reply #16 on: February 03, 2010, 12:07:58 PM » |
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£800
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Dewi_cool
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« Reply #17 on: February 03, 2010, 12:20:35 PM » |
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If I borrowed money from someone I would not want them to lose out on the deal, therefore I would pay them the £800, however if I had lent the money I would probably split the diff & agree on £700
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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.
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thediceman
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« Reply #18 on: February 03, 2010, 12:23:46 PM » |
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What if it was agreed that you would get the money back in pounds. Afterall what use are $ if your nolonger in that the USA.
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Royal Flush
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« Reply #19 on: February 03, 2010, 12:26:58 PM » |
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What if it was agreed that you would get the money back in pounds. Afterall what use are $ if your nolonger in that the USA.
Then you would agree at current rate. |
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[19:44:40] Oracle: WE'RE ALL GOING ON A SPANISH HOLIDAY! TRIGGS STABLES SHIT!
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Karabiner
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« Reply #20 on: February 03, 2010, 12:29:54 PM » |
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I would say that if the agreement was that you would be settling the loan in ££ then it should be at the rate when the loan was made, otherwise it can be settled in $$
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"Golf is deceptively simple and endlessly complicated. It satisfies the soul and frustrates the intellect. It is at the same time maddening and rewarding and it is without a doubt the greatest game that mankind has ever invented." - Arnold Palmer aka The King.
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chrisbruce
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« Reply #21 on: February 03, 2010, 12:43:41 PM » |
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I would say that if the agreement was that you would be settling the loan in ££ then it should be at the rate when the loan was made, otherwise it can be settled in $$
this |
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Royal Flush
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« Reply #22 on: February 03, 2010, 12:46:58 PM » |
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What if it was agreed that you would get the money back in pounds. Afterall what use are $ if your nolonger in that the USA.
ermmm some people go back to the USA, also there are lots of poker sites that work in $ |
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[19:44:40] Oracle: WE'RE ALL GOING ON A SPANISH HOLIDAY! TRIGGS STABLES SHIT!
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thediceman
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« Reply #23 on: February 03, 2010, 12:54:18 PM » |
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What if it was agreed that you would get the money back in pounds. Afterall what use are $ if your nolonger in that the USA.
ermmm some people go back to the USA, also there are lots of poker sites that work in $ ermmm some people don't go back to the USA or might not want the money back via a poker site. Again I ask those saying payback should be at todays rate would you pay say £1000 instead of the £800 if the exchange rate had moved in the other direction ?. Seems like some people don't mind seeing someone who has done them a favour being out of pocket as long as it saves them a few quid. |
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« Last Edit: February 03, 2010, 01:01:33 PM by thediceman »
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kinboshi
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« Reply #24 on: February 03, 2010, 01:00:29 PM » |
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I'd sort out what I was repaying at the time of the loan.
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'The meme for blind faith secures its own perpetuation by the simple unconscious expedient of discouraging rational inquiry.'
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thediceman
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« Reply #25 on: February 03, 2010, 01:02:47 PM » |
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I'd sort out what I was repaying at the time of the loan.
I agree but that wasn't the OP question. |
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Royal Flush
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« Reply #26 on: February 03, 2010, 01:03:43 PM » |
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What if it was agreed that you would get the money back in pounds. Afterall what use are $ if your nolonger in that the USA.
ermmm some people go back to the USA, also there are lots of poker sites that work in $ ermmm some people don't go back to the USA or might not want the money back via a poker site. Again I ask those saying payback should be at todays rate would you pay say £1000 instead of the £800 if the exchange rate had moved in the other direction ?. Seems like some people don't mind seeing someone who has done them a favour being out of pocket as long as it saves them a few quid. If your borrowed $1k then you pay back $1k, if they say can i have it in £ please then naturally you would convert the $1k to £ for them and pay them that. What the rate was months before is not at all relevant. |
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[19:44:40] Oracle: WE'RE ALL GOING ON A SPANISH HOLIDAY! TRIGGS STABLES SHIT!
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Royal Flush
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« Reply #27 on: February 03, 2010, 01:06:45 PM » |
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This happened to me fwiw, borrowed $10k of someone, they then asked for a £ payment a few months later i said yep np and told them i was sending £x,xxx in pounds to bank account, they then piped up and said "yeah but it was worth more when i lent it to you" which obviously wound me up as they never would have said if it was the other way. As it happens the rate was nearly exactly the same as the day i had borrowed it, nice angle shooting sir.
Anyway the point is like the PS3 analogy, you borrowed something, you give it back after, if it depreciates in the time that's just tough luck.
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[19:44:40] Oracle: WE'RE ALL GOING ON A SPANISH HOLIDAY! TRIGGS STABLES SHIT!
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thediceman
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« Reply #28 on: February 03, 2010, 01:26:04 PM » |
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if it depreciates in the time that's just tough luck.
And if it appreciates then you would pay the extra ? |
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gatso
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« Reply #29 on: February 03, 2010, 01:27:05 PM » |
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if it depreciates in the time that's just tough luck.
And if it appreciates then you would pay the extra ? you wouldn't be paying extra, you're paying back what you borrowed |
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If you get to the yeasty clunge you've gone too far
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