USD value

[peterh2]

I need to transfer a significant amount ($500,000) of US currency to the UK. The current exchange rate of ~$1.85 to £1.00 is not very appealing at the moment. I can put off transferring the bulk of this for 3 – 6 months if there is a good chance that the dollar will strengthen against the pound. Is this likely to happen or should I just bite the bullet and transfer the money now?

Any suggestions will be greatly appreciated.

Thanks.

[fidgits]

To be honest - the 1.85 is pretty bad (for you) it has been worse (Dec 2004 was 1.9+) but generally look for the normal swing to be around the 1.6 mark nowadays..

I'd say hold off - I doubt it'll get much worse, and could get better - as with anything though, its still a gamble.

[aceparts_com]

Why not transfer it in 5 installments? At least it will average it out a bit.

[Leftie]

Why not transfer it into my account until the exchanmge rate improves?

[clubsport]

Federal reserve bank are close to finishing their interest rate tightening cycle,,,the budget deficit is huge....what reasons to you see for the $ to become stronger?

On a sum like that, it can make a difference...

[J_S_G]

Do a quick Internet search on "Iranian Oil Bourse" and then see if you fancy taking the risk of waiting 6 months.

Bit of background here: http://en.wikipedia.org/wiki/Iranian_ Scary implications for America should it happen everywhere else.

[peterh2]

I also don’t see any reason the dollar will become much stronger in the future so I’m just going to do the transfer now.

Thank you for your advise!