Financial advice required

[Mich the Tester]

Nice, only three months and I'll be in Montepulciano, wine tasting.

Very nice. Villa d’Amelia’s in Langhe, where the Barolos and Barbarescos are made. If you want to stop off on the way to Chiantishire, stop somewhere near Turin and try the Barolos. If you stop off for a night in Turin, which is ideal if you take the train, then go to the hotel ‘Principe di Piemonte’. Favourite restaurant of the Agnelli family, who are quite fussy about their food and can afford to be very particular about the wines.

[Menelaus]

OK, I can see the value of the DCC scheme.

What's in it for the customer? - They get to see the purchase in their home currency.

What's in it for the retailer? - Better customer service and they get some commission.

What's in it for the card network? - I don't understand that bit.

So far so good.

The next bit was

You lost me on that bit too.

The arbitrage in this instance is the difference between the rate you'd be charged as a card holder to convert from (say) € to £ were you not being billed to your card in your home currency (assuming that it's £).

Whilst the difference for the card holder might be negligible (e.g., basis points) on a series of small transactions (the occasional 10 cents here or there) from a portfolio perspective if the difference is .001% over a whole portfolio of transactions then that can run into some tasty amounts.

[sweetandsour]

The arbitrage in this instance is the difference between the rate you'd be charged as a card holder to convert from (say) € to £ were you not being billed to your card in your home currency (assuming that it's £).

Whilst the difference for the card holder might be negligible (e.g., basis points) on a series of small transactions (the occasional 10 cents here or there) from a portfolio perspective if the difference is .001% over a whole portfolio of transactions then that can run into some tasty amounts.

Thanks.

I am still none-the-wiser but I think I will leave it at that. This stuff is beyond me.

[Jog On]

Live charts

Go to Instruments, choose EUR/GBP

Choose your timeframe

You decide!

[Gibbon]

Very nice. Villa d’Amelia’s in Langhe, where the Barolos and Barbarescos are made. If you want to stop off on the way to Chiantishire, stop somewhere near Turin and try the Barolos. If you stop off for a night in Turin, which is ideal if you take the train, then go to the hotel ‘Principe di Piemonte’. Favourite restaurant of the Agnelli family, who are quite fussy about their food and can afford to be very particular about the wines.

I love Barolo, but quaffing wine it ain't. Flying into Pisa and driving the rest of the way. Haven't been to Turin yet, but thanks for the Hotel Tip.

Went to Treviso last year, lovely little town almost devoid of tourists.

[Mich the Tester]

I love Barolo, but quaffing wine it ain't. Flying into Pisa and driving the rest of the way. Haven't been to Turin yet, but thanks for the Hotel Tip.

Went to Treviso last year, lovely little town almost devoid of tourists.

I played rugby there once; nice place, v good food.

[EternalOptimist]

I stayed in Pompeii a couple of years ago, looked like a blooming hurricane had hit it or something

[Drewster]

I stayed in Pompeii a couple of years ago, looked like a blooming hurricane had hit it or something

You probably went after the Southampton match....

[HairyArsedBloke]

Live charts

Go to Instruments, choose EUR/GBP

Choose your timeframe

You decide!

A friend of mine is using those feeds while at work. I set up a four view workspace for him.

<see below> | EUR/GBP
GBP/USD | EUR /USD

Keep all the currency windows on the same time frame; the default of 1 hour is good. It will show you a lot about how they relate to each other.

The top left window can switch to whatever you want. In the morning UK100 (i.e. FTSE) in the afternoon SPX500 would be a good one.

[Jog On]

A friend of mine is using those feeds while at work. I set up a four view workspace for him.

<see below> | EUR/GBP
GBP/USD | EUR /USD

Keep all the currency windows on the same time frame; the default of 1 hour is good. It will show you a lot about how they relate to each other.

The top left window can switch to whatever you want. In the morning UK100 (i.e. FTSE) in the afternoon SPX500 would be a good one.

That's what I need. I'm learning all about correlations at the moment as well My AUD/USD and NZD/USD short trades are kicking some serious booty at the mo I may as well have just doubled up on one of them.