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[Andy B]

I have some US shares (were Heinz till they went private under Warren)

Any one know if it's a good time to convert US Dollars to GB Pounds now or leave them where they are for the moment?

[chrisgixer]

65p to the $ currently according to google. No idea if that's good or bad tbh. If your trading massive amounts of shares the odd few pence might be more significant. In which case your looking at daily values monitored by the minute.

But surely the share price is the biggest deciding factor. No? (Not asking values of personal info you notice)


A bit of googling should give you the history of the $ value. Afaict its on the way down after a peak. But we're talking fractions of a pence difference over a day. A few pence over the year.

Quick search gives this for example. Over the last year its as almost as high as its ever been currently. Going by this example anyway.

[albitz]

Exchange rate isn't very good at the moment although certain market sectors are pretty strong,but may well get stronger (at least in the medium term) as economies recover more.
Do some home work on exchange rate history and prediction,and more importantly,the "form " of the company (aka the fundamentals) .
Its all on the tinterweb,but how deep you delve depends on whether you enjoy that sort of thing.I find it a good cure for insomnia,which is one reason (the main one being stupidity) why Ihavent made my fortune from it.

[05omegav6]

In real terms, $740 =£485.94 The exchange rate has been better, but it has also been alot worse

[Andy B]

Thanks lads.
The share price isn't a factor now though, good old Warren Buffet guaranteed $75 per share ...... it was the carrot for all the mega share holders that stood to gain $Millions to say yes to the buy out. I don't have $millions  
As I own dollars, I need a 'bad' exchange rate ie the opposite of what you want when you're going on holiday to the States 

[Andy B]

..... why Ihavent made my fortune from it.

If only we were all as good as George Soros   

[Marks DTM Calib]

Exchange rate is about average at the moment, close on 1.5 dollars to the quid.

[Andy B]

Exchange rate is about average at the moment, close on 1.5 dollars to the quid.

I  might aswel cash 'em in now. Know my luck, the pound will rally against the world's markets & I'll get less.