I thought people may find it useful to see just what the averages are over the past 20 years against a range of currencies.
Many clients I deal with bought property some time ago and are now selling back, or are looking to buy currency in the near term and only look at where rates have been in the past few months to base what they want to achieve on.
Personally, I feel that in all currency transactions you have to look forward as opposed to looking back and deal with what is curently going on in the markets not what the rate used to be, however this may help some people realise (dependant on which way they are due to be sending their funds) that in the grand scheme of things the rates actually aren’t that bad.
20 Year High 2.1080
20 year low 1.3730
If you are buying or selling dollars either way you are just about at the average over 20 years, i’m afraid gone are the days of over 2 and under 1.40!
If you are selling Euros it is still a fantastic time to be doing this!
Selling up and coming back from Australia or working over there? What a great time to be bringing your funds back especially if you bought at over 3!
Again great time to be bringing funds back, not so great to buy but are things really going to get any better before interest rates in the U.K are hiked?
If you have a transfer to make be it buying or selling currency then do please feel free to get in touch, I can save you money over using your bank or current broker. The best way is to email me with the best number to contact you on and a good time to call – I can be reached on [email protected] or you may fill in the contact form on the right hand side of this page.
I look forward to potentially speaking with you soon!