Is there a normal rate and an exceptional rate?
I have noticed the USD is up against the CHF but it's not a currency exchange I have followed long.
No and No
Google for graphs of it over time
Well there is google but also if someone has done the research and knows it could be quicker and easier. I would be happy to help someone with GBP/USD info, I wouldn't tell them to just google
The normal thing for rates to do is fluctuate, check this 5 year chart .
go on, what will happen over the next few months in GBP/USD?
I can't predict the future but I know it was hanging at 1.70 GBP to USD for a while and is down to 1.58 and seem to be going down. So right now if you wanted to switch USD to GBP you may hold on a bit but its' a good rate, although 2013 it was closer to 1.50 (I think down to 1.45 from memory)
If you see the rate at 1.40 again I'd buy all you could unless a war is breaking out
Now don't ask me about simple maths, that my brain finds tricky
I do follow this rate and also Americans have to be aware of it for IRS and taxes. (as IRS thinks of all our transactions, pay etc in terms of USD)
It is looking to go above parity and higher. Issue is the link with the EURO which is dropping and also uncertainty regarding the referendum at the end of the month on gold reserves.
So if it goes down to 1.4 (where it was for about 3 weeks in 2009, and never again in the last 10 years), why won't it fall further, to say 1.3?
it could! But it would be less likely, that is always the problem with playing the market. If it went to 1 to 1 I think the UK economy would be pretty smashed to bits. I remember the $2USD to 1GBP days
Why do you think it is less likely? Also, a cheap pound might help revive the UK exports finally, so it might not be inherently bad..
Going on history, there is no way to know either way. If you had a magic ball you'd find out the lottery numbers too
Yes, I think its a good time to buy and park it somewhere.
Ok, your analysis has convinced me, I will buy as much as I can at 1.4. Amazing, thank you!
do you think the trend is to go up still?