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I think it'll approach parity I don't think it'll get there though. I remember the pound did a similar thing against the Euro, and they were reporting it would reach parity, never did. If the US economy shows signs of being "not so bad" then I reckon it'll turn.
I think it'll approach parity I don't think it'll get there though. I remember the pound did a similar thing against the Euro, and they were reporting it would reach parity, never did. If the US economy shows signs of being "not so bad" then I reckon it'll turn.
Last edited by BlasterBates; 3 August 2011, 07:54.
For example, you could make money by moving it across a range of different currencies and then back to say GBP, and make a profit. However, the spread and commission in each exchange would make it unlikely to be profitable.
I thought that if the £ was worth more than the Euro, you would get more £ for the CHF not less
The £ is worth more than the Euro. Your brain is obviously not in gear yet. £0.78 or €0.90 gets you 1CHF. You get more CHF for your £ than your €. Therefore £ is worth more than €.
I thought that if the £ was worth more than the Euro, you would get more £ for the CHF not less
Currencies don't have to balance out.
For example, you could make money by moving it across a range of different currencies and then back to say GBP, and make a profit. However, the spread and commission in each exchange would make it unlikely to be profitable.
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