GBP/EUR - Exchange rate alerts

[Spitfire58]

Mine auto exchanged when it hit 1.17 yesterday so all good, only changed a couple of hundred. More just to see it all worked properly 😁😁

[Jason W]

Lots of people auto trade at trigger points so millions if not billions from large institutions at play so 1.17 may have existed for seconds only. Watching currency beats looking out of my office window at the rain.

[Sam]

Mine auto exchanged when it hit 1.17 yesterday so all good, only changed a couple of hundred. More just to see it all worked properly 😁😁

Congrats Ron!

[Sam]

Lots of people auto trade at trigger points so millions if not billions from large institutions at play so 1.17 may have existed for seconds only...

Plus millions of the small amounts from all of us, playing with apps on their phones.

[Jason W]

Broken 1.17 just now, see if it stays above this level this time. Shame I left my phone at home so hoping auto exchange has worked.

[Sam]

Had the auto exchange notification at 7:02 and the rate is still above 1.17, currently at 1.1711.

Another target set to 1.18 🤞

[Sam]

Just had another notification. This time about the auto-exchange at 1.18.

[Jason W]

... 4 cent to the £ increase would amount to £6k on a transaction of £150k. Speculation, yes but not to be sniffed at for the sake of waiting 4 or 5 wks. IMHO 👍👍

Let's say £150K would get you an extra 6,000 if the rate is 1.20 in Dec - 180,000 instead of 174,000 - exchange at 1.16. This is way too risky in my book.


I would rather make some money on the way up.

Exchange £40K once it'll hit 1.17 (extra 400) ---- 46,800
Exchange £40K once it'll hit 1.18 (extra 800) ---- 47,200
Exchange £40K once it'll hit 1.19 (extra 1,200) -- 47,600
Exchange £30K once it'll hit 1.20 (extra 1,200) -- 36,000

All in all 177,600 instead of 174,000 - exchange at 1.16.
Making extra 3.600 without putting all your eggs in one basket. I know, this will get you 2,400 less but that's what you're paying for the reduced risk.

What if something goes terribly wrong and the exchange rate will drop down, right the next day after the elections? Let's say down to 1.12 - looking back, we had this exchange rate last month, 1.20 on the other hand, back in 2016/2017.

If you'll exchange the whole sum at 1.12 you'll get 6,000 euros less (168,000 in total). if you'll follow my example you'll still gain 1,200 (175,200 in total).

Based on your post, have exchanged 85% ready for my property purchase at average of just over 1.171 so more than happy, took around twenty trades over 3 weeks or so, the markets are very twitchy at the moment.

[Sam]

... 4 cent to the £ increase would amount to £6k on a transaction of £150k. Speculation, yes but not to be sniffed at for the sake of waiting 4 or 5 wks. IMHO 👍👍

Let's say £150K would get you an extra 6,000 if the rate is 1.20 in Dec - 180,000 instead of 174,000 - exchange at 1.16. This is way too risky in my book.


I would rather make some money on the way up.

Exchange £40K once it'll hit 1.17 (extra 400) ---- 46,800
Exchange £40K once it'll hit 1.18 (extra 800) ---- 47,200
Exchange £40K once it'll hit 1.19 (extra 1,200) -- 47,600
Exchange £30K once it'll hit 1.20 (extra 1,200) -- 36,000

All in all 177,600 instead of 174,000 - exchange at 1.16.
Making extra 3.600 without putting all your eggs in one basket. I know, this will get you 2,400 less but that's what you're paying for the reduced risk.

What if something goes terribly wrong and the exchange rate will drop down, right the next day after the elections? Let's say down to 1.12 - looking back, we had this exchange rate last month, 1.20 on the other hand, back in 2016/2017.

If you'll exchange the whole sum at 1.12 you'll get 6,000 euros less (168,000 in total). if you'll follow my example you'll still gain 1,200 (175,200 in total).

Based on your post, have exchanged 85% ready for my property purchase at average of just over 1.171 so more than happy, took around twenty trades over 3 weeks or so, the markets are very twitchy at the moment.

Should be about 55% and the average 1.1750

But I fully understand, it's difficult not to exchange if you follow the rate performance in the past six months.

[Spitfire58]

At the moment:

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