I have 19,000 pounds GBP in a bank in the UK, when will be a good time to transfer it to USD again?
January 16th, 2009
skater4fundude asked:
Earlier this year it would have transferred to about $38,000. Now it only comes to about $28,000. I’ve been waiting and watching the rates drop since October. I can’t see how it could get any worse of an exchange, but could it? Should I transfer out now? Or when does anyone think it will go back close to what it was before? I **** the idea of losing $10,000 for almost no reason, but even $1000 loss is much more acceptable.
Earlier this year it would have transferred to about $38,000. Now it only comes to about $28,000. I’ve been waiting and watching the rates drop since October. I can’t see how it could get any worse of an exchange, but could it? Should I transfer out now? Or when does anyone think it will go back close to what it was before? I **** the idea of losing $10,000 for almost no reason, but even $1000 loss is much more acceptable.
I really can’t find any info on the web about this. I’m not looking for FOREX forecast’s here, but any helpful information and insight.
ITO
