Exchange Rate

[barry44544]

Oh please let it hit 2.20 again....

[Marggie]

Why?

[Scunner]

People with lots of liras over there who are possibly looking to return (or return their money) to the UK don't want to spend too many liras to buy a pound - so they are looking for the opposite to holiday makers.

[corbindallas]

People with lots of liras over there who are possibly looking to return (or return their money) to the UK don't want to spend too many liras to buy a pound - so they are looking for the opposite to holiday makers.

We sure are 2.20 again will be a dream but won't hold my breath, it always does what you don't want it to!!

[Rimms]

As an example, if you had invested £100,000 at the peak exchange rate last year of 2.9 to the £1 you could have enjoyed and spend the nice monthly income on the interest that 290,000 lira would bring. If the rate drops to 2.2 to the £1 then you could change the lira back to GBP and the bank will give you £131,818. Of course, you won't get anything like the monthly interest on the capital amount but a profit of nearly £32,000 would be very nice.

[Mrs Hyacinth Bouquet]

Well Rimms....all I can say to that is that I wish I'd have been there to invest!