scouser 4 Posted October 27, 2008 Share Posted October 27, 2008 I haven't sent money back but looked around a few places this morning and it was pretty much the same Mr Wiggles - nothing I saw for less than 160. Do let me know where will give me much better though, I'm planning on throwing some over. Link to post Share on other sites
grungy-gonads 54 Posted October 27, 2008 Share Posted October 27, 2008 No offence taken. Asked a few places. Banks and the post office offered exactly the same rate. Would be most welcome to hear where I can get much better. Not so fussed, it's done now and no time to mess about. Link to post Share on other sites
torihada 2 Posted October 27, 2008 Share Posted October 27, 2008 Originally Posted By: grungy-gonads No offence taken. Asked a few places. Banks and the post office offered exactly the same rate. Would be most welcome to hear where I can get much better. Not so fussed, it's done now and no time to mess about. Look at what you would have got 10 days ago, 160 is pretty good. "Its never too early to take a profit" From BBC website today: "Earlier on Monday the Group of Seven (G7) industrialised nations issued a statement warning that the strength of the yen was a threat to economic stability, which was taken as a threat of co-ordinated action to reduce the value of the currency. While the yen briefly weakened, it soon climbed back towards Friday's 13-year high against the dollar. The yen has been strengthening as a result of the end of the carry trade, in which traders borrowed the Japanese currency and used it to buy currencies with higher interest rates. As the difference between Japanese rates and those elsewhere in the world has fallen, traders have been unwinding the carry trade, which means they have been using other currencies to buy yen, which has boosted the Japanese currency." I just hope the Yen's topped out. I've just realised if enough ex pats in Japan start sending money back (ie selling Yen buying sterling) sterling will strengthen, so come on all you Brit SJers raid the Yen piggy banks and send it all back to Blighty . Link to post Share on other sites
NoFakie 45 Posted October 28, 2008 Share Posted October 28, 2008 Here's citi's buy and sell rates. According to kakaku.com, Sony Bank has a narrower spread and offers higher saving rates for foreign currencies than citi, but charges a small quarterly fee. I only know about citibank because ten years ago, it was pretty much the only place in Japan where a gaijin could get a credit card. Everywhere else would reject you six to eight weeks after your application. FX Rates As of October 28, 2008 Currency BUY(TTS) SELL(TTB) USD 94.6000 92.6000 AUD 57.9000 55.9000 NZD 51.8000 49.8000 GBP 145.6000 143.6000 CAD 73.5000 71.5000 CHF 81.7000 79.7000 EUR 117.2000 115.2000 HKD 12.4700 11.6700 THB 2.7800 2.6200 Again I'm sure an fx trader will have a narrower spread. Maybe check the other expat living in Japan forums for advice on a good one. You could possibly do it through E-trade Japan even, I dunno. I don't send money home because I'm married with kids and a house in Japan. Link to post Share on other sites
nagpants 1 Posted October 28, 2008 Share Posted October 28, 2008 I am interested in that, but don't know where to start. I have only used the bank and post office before. My Japanese ain't perfect, but don't I need to open some account on that kakakufx site? Link to post Share on other sites
EddieTheEagle 0 Posted October 29, 2008 Share Posted October 29, 2008 The pound recovered slightly yesterday. Just a bit! Link to post Share on other sites
seedy 0 Posted October 30, 2008 Share Posted October 30, 2008 And a bit more. But still around 160. Link to post Share on other sites
Gloria Hunniford 0 Posted October 31, 2008 Share Posted October 31, 2008 30% prices up - wow that is hard to take. Link to post Share on other sites
Tubby Beaver 209 Posted October 31, 2008 Share Posted October 31, 2008 I got 161 btoday from the PO Link to post Share on other sites
NoFakie 45 Posted November 13, 2008 Share Posted November 13, 2008 The pound is 141.6 to the yen now. Under $1.50 as well. With all the economic news, it looks like it could fall further as well. I think the record from years ago is a shade under 130, but it didn't stay there for very long. Link to post Share on other sites
Tubby Beaver 209 Posted November 13, 2008 Share Posted November 13, 2008 wow...thats low!! Link to post Share on other sites
grungy-gonads 54 Posted November 13, 2008 Share Posted November 13, 2008 It sure is. UK looks almost cheap right now. Link to post Share on other sites
bobby12 0 Posted November 14, 2008 Share Posted November 14, 2008 I cant see it getting too much lower, maybe itll go to 130 but if you send at 145 thats close enough (compared to 250 last year!). Having said that, theres a lot of doomsayers in UK now talking about a 'depression' coming. Buy tinned foods, you cant trust the banks so withdraw your money and put it into gold etc. Scary stuff. Link to post Share on other sites
oblivion 5 Posted November 14, 2008 Share Posted November 14, 2008 How will these currency fluctuations affect flight prices I wonder? Link to post Share on other sites
foreversnow 5 Posted November 14, 2008 Share Posted November 14, 2008 B It is really funny you used the D word as I had a guy warn me of this pending doom back in July and said that by Dec 2008 the world would be in a recession and by mid 2009 we would be heading for a D. To this day he has totally predicted everything correctly. Wish I had listened to him instead of thinking he was a bit special needs. Link to post Share on other sites
scouser 4 Posted November 15, 2008 Share Posted November 15, 2008 Did he mention how the snow would be this year? Link to post Share on other sites
Yorkshire pud 0 Posted November 19, 2008 Share Posted November 19, 2008 Sent 3 mill back last week. Not bad, way more than I would have got if I'd have sent before summer. Didn't make up for some pretty sad losses on shares back home, but happy all the same. Link to post Share on other sites
grungy-gonads 54 Posted November 20, 2008 Share Posted November 20, 2008 I'll have gravy with mine. That is one BIG pud in your photo there! Link to post Share on other sites
NoFakie 45 Posted November 21, 2008 Share Posted November 21, 2008 The pound's at 138.34 now on Yahoo. AUD is 57.3. Both have lost about 45% off peak. That makes prices in yen almost double. Link to post Share on other sites
best skier in hakuba 5 Posted November 21, 2008 Share Posted November 21, 2008 Wow that sure is low. Hadn't been looking out of "not having enough cash to take advantage and send back" syndrome. Link to post Share on other sites
thursday 1 Posted November 21, 2008 Share Posted November 21, 2008 sell some stuff Link to post Share on other sites
NoFakie 45 Posted December 3, 2008 Share Posted December 3, 2008 After a bit of a recovery, its down at 137.89 now, again on Yahoo. Link to post Share on other sites
nippontiger 8 Posted December 3, 2008 Share Posted December 3, 2008 Ive got a load of money to transfer to blighty. What to do? Transfer now? Wait longer? Im pretty sure the pound is under and the yen overvalued, but can it really go much lower?? Link to post Share on other sites
big-will 7 Posted December 3, 2008 Share Posted December 3, 2008 Me? I'd do it NOW, get 140 or whatever compared to a more 'normal' 210, then just forget about it and be happy at your luck! Link to post Share on other sites
grungy-gonads 54 Posted December 18, 2008 Share Posted December 18, 2008 Just sent a bundle home again - got 139 yen. Bargain! Link to post Share on other sites
Recommended Posts