Has the pound risen against the euro?

[Skykid]

I've only noticed we've declined greatly against the dollar. I was about to buy EOJ's Muchi Pork before I realised that it was just a economically awful time.

But I haven't been following the falling Euro against the pound, does anyone know if 1.15 Euro's to the pound is better than previously? I might need to do some exchanging if so.

[CIT]

http://www.x-rates.com/d/EUR/GBP/graph120.html

[neorichieb1971]

The Euro is about to sink like the Titanic. If you have Euros sell them now. If you want Euros, wait longer.

[Skykid]

The Euro is about to sink like the Titanic. If you have Euros sell them now. If you want Euros, wait longer.

I'm wanting them, I just wonder if the falling Euro will end up being matched by a falling pound, in which case it's a no win scenario.

[dcharlie]

slightly nudging off topic, the pound vs the yen has been horrific for the pound - and for Japanese exporters. Last thing they need is a strong yen.

When i got here we were at 246 yen to the pound
it's stayed in that 210-220 zone for an age, then the end of 2008 -wham- all the way down to 138 and it's been living in that 138-148 zone for a long while now.

I really should be buying more GBP than i am.

[Magic Knight]

slightly nudging off topic, the pound vs the yen has been horrific for the pound - and for Japanese exporters. Last thing they need is a strong yen.

When i got here we were at 246 yen to the pound
it's stayed in that 210-220 zone for an age, then the end of 2008 -wham- all the way down to 138 and it's been living in that 138-148 zone for a long while now.

I really should be buying more GBP than i am.

Today the pound is worth 130 yen, it's a disaster for exporters, even for selling on forums like this it's terrible. I have sterling in Wales and euro in Ireland and I don't want to transfer either of them to Japan. When the euro was worth 168 yen I was thinking of transferring over 10,000 of them, but figured I didn't need the money at the time.

When I got here the pound was worth 234 yen. I didn't think much of it at the time, it's only now you realise how good that was.

[dcharlie]

For me it's largely irrelevant because i'm not doing any selling, i won't be returning to the UK to live, have no liabilities there and i get paid in Yen - but yeah, will at least make visiting a lot more fun but crazy how we have raced towards the rate being almost cut in half.

[Magic Knight]

For me it's largely irrelevant because i'm not doing any selling, i won't be returning to the UK to live, have no liabilities there and i get paid in Yen - but yeah, will at least make visiting a lot more fun but crazy how we have raced towards the rate being almost cut in half.

I'm mostly the same, I'm not going to sell almost entirely in Japan, it's just so much easier to put things up on Yahoo Auctions than to deal with the hassle of sending overseas. I'm only selling my old unwanted stuff, it's just that it's big heavy awkward stuff. I won't be going back to live in Europe either if I can help it. When I visit this year and next for weddings I'm hoping to use up some of the money I have in banks over there. Recently I've bought a lot of stuff from Europe to try to use up that money and save my yen.

[Skykid]

The Euro is about to sink like the Titanic. If you have Euros sell them now. If you want Euros, wait longer.

I'm wanting them, I just wonder if the falling Euro will end up being matched by a falling pound, in which case it's a no win scenario.

Anyone got any guess work on this?

[CIT]

Well, how much are you looking to exchange?

And why do you want to make the exchange? To make purchases in the Eurozone? Or to re-exchange the money into pounds at a later stage?

[GaijinPunch]

Anyone got any guess work on this?

That's exactly what it is. Nobody knows what the market will do.

[Skykid]

Well, how much are you looking to exchange?

And why do you want to make the exchange? To make purchases in the Eurozone? Or to re-exchange the money into pounds at a later stage?

Make purchases in the Eurozone most probably.

Anyone got any guess work on this?

That's exactly what it is. Nobody knows what the market will do.

I know, it's balls isn't it?

[dcharlie]

I know, it's balls isn't it?

yeah, heard a lot of people (myself included) waxing lyrical about FX trading and picking up mad % gains day on day

I mean, if i had a pound for every time i heard something like that... i'd have invested it in Yen!

[GaijinPunch]

That's exactly what it is. Nobody knows what the market will do.

I know, it's balls isn't it?

No. Some of us make our living that way.

yeah, heard a lot of people (myself included) waxing lyrical about FX trading and picking up mad % gains day on day

I think the bad thing about FX trading is it's easy to get non-bankers suckered in b/c it's so easy to understand. It's also easy to lose your house on it. I'd have changed my life savings into yen at 98 if I wasn't so lazy. How fucked would I have been? Just say no.

[dcharlie]

yeah, hell, i assumed getting down to 150 vs the pound was the bottom, yet we managed to get down to 127 recently.

Being Lazy kept me safe over the last X years as i have managed to do a bare minimum on my trading account. Not buying anything has had the best returns i could have hoped for of 0 losses! (flippant yes but there's some twisted logic in there)

[Magic Knight]

yeah, hell, i assumed getting down to 150 vs the pound was the bottom, yet we managed to get down to 127 recently.

Being Lazy kept me safe over the last X years as i have managed to do a bare minimum on my trading account. Not buying anything has had the best returns i could have hoped for of 0 losses! (flippant yes but there's some twisted logic in there)

As a wedding present I received 10,000 euro when the rate was 168 yen to the euro. I was going to transfer it over to yen, and figured I didn't need it at the time and could always do it later. Plonker. Now I have 20,000 euro in my account. I'm going back in the summer for a holiday, so I might as well enjoy myself while I'm at it.

[Lordstar]

So its seems us in Blighty (thats the UK) are going to be fucked for a good long while on the sterling.

[system11]

So its seems us in Blighty (thats the UK) are going to be fucked for a good long while on the sterling.

When are we not fucked in absolutely every respect?

[Skykid]

So its seems us in Blighty (thats the UK) are going to be fucked for a good long while on the sterling.

When are we not fucked in absolutely every respect?

We were sitting pretty when I first got into PCB's. I took full advantage of the pound against the dollar (£1 = $2).

[Ed Oscuro]

Today the pound is worth 130 yen

I noticed the last couple days it dipped below 89 yen to the dollar

Bad news for American importers. Apparently this isn't the lowest it's been though. Not a good time to call up the PCB importer. May be a good time to sell any yen one has though.

Edit: The Euro and the Pound are both falling vs. the dollar, and reporting I've seen lately has been saying that the dollar has been rising (the yen seems to be as well). The placement of all the dips and rises, and more or less the magnitude of change, in the graphs of the dollar and yen versus the pound have been almost exactly the same especially in the last ~110 days.

[dcharlie]

FX market seems to see the Yen as a safe haven - not exactly sure why i follow that logic as it just seems Japan is in denile over how much of a state it's in.

Ah well, time to throw some yen over to the UK for an upcoming trip.

[neorichieb1971]

Euro zone is in turmoil. Japan is one of the countries left with a hard foundation. Well, i think it is since there is nothing negative in the news about Japan.

[Magic Knight]

The news about Japn has been bad for twenty years. My mother back in Ireland has said that recently she's seen a lot of stories about how much trouble Japan is in, I can only guess that it's a way for the Irish media to make the populace feel good about themselves or something. As I said to her, for those of us living in poor cities which rely on fishing and farming, things can't get much worse.

You won't notice it so much if you visit Tokyo etc., but come to my city and see the rows of empty family-owned shops which are closing down, with the only ones surviving or opening are the big chain stores. The snack bars are still going though.

Anyway, the Japanese government has already said it wants to devalue the yen, if it can. You can read about it here.
http://www.telegraph.co.uk/finance/fina ... ation.html

The yen is a safe haven because interest rates are so low - almost zero. I'm pretty sure I read that somewhere, someone with a better knowledge of the markets will tell you.

[GaijinPunch]

FX market seems to see the Yen as a safe haven - not exactly sure why i follow that logic as it just seems Japan is in denile over how much of a state it's in.

Micro interest rates. Heaps of yen was borrowed before the shit hit the fan... now, it's gotta come back. That was how it was explained to me. And while Japan is in a bit of denial about most things, they seem to be fully aware that their economy is in the shitter. However, "interest" is one of those words we can classify along with "insulation" and "free refills".

I can only guess that it's a way for the Irish media to make the populace feel good about themselves or something.

Japan has definitely been on the same recession since the 90's. So, everyone asks me "how's the economy over there" and I just say, "as shitty as it's always been". There's been a few up ticks, but I don't think any Japanese person would've ever said it was good. The big problem now though is that the secret about depopulation is out. Trust me, they are not going to solve that one for a long time. Salaries are low, cost of living and raising a child is high, and it's too easy to just go out and pay sheckles for a nice piece of 24 year old ass. Why would any salary man go home and bang his wife?

[Magic Knight]

FX market seems to see the Yen as a safe haven - not exactly sure why i follow that logic as it just seems Japan is in denile over how much of a state it's in.

Micro interest rates. Heaps of yen was borrowed before the shit hit the fan... now, it's gotta come back. That was how it was explained to me. And while Japan is in a bit of denial about most things, they seem to be fully aware that their economy is in the shitter. However, "interest" is one of those words we can classify along with "insulation" and "free refills".

I can only guess that it's a way for the Irish media to make the populace feel good about themselves or something.

Japan has definitely been on the same recession since the 90's. So, everyone asks me "how's the economy over there" and I just say, "as shitty as it's always been". There's been a few up ticks, but I don't think any Japanese person would've ever said it was good. The big problem now though is that the secret about depopulation is out. Trust me, they are not going to solve that one for a long time. Salaries are low, cost of living and raising a child is high, and it's too easy to just go out and pay sheckles for a nice piece of 24 year old ass. Why would any salary man go home and bang his wife?

I heard an interview with Bill McGuire, a well-known hazards analyst on the radio just before I came to Japan. That's hazards as in earthquakes, floods, etc. He was saying that what would really shake up the world's markets would be a big earthquake in Tokyo. A lot of the money invested and lent overseas by Japan and Japanese companies would come back to rebuild the city etc., and this would have a huge impact obviously on the world's markets.

As you say, it was so easy to borrow yen knowing that the interest to be paid back was almost nothing, why wouldn't you do it if you could.

Depopulation, oof. A school I work in has a pupil total of 20. Fifty years ago, it had 180. That's a pretty incredible decrease. There's a chart on the wall of the school's population by year, and it's just been a steady decline over the years. It's almost impossible to believe there ever were that number in the area, as it's very rural. My wife finished junior high school in 1984, when there were 10 classes of about 30 in each class. That same school now has only about 100 in each year. And the old people aren't getting any younger.

As for free refills, I've never lived anywhere where it was the custom, so I'm not missing much.

For the moment I have a job, so I know I'm lucky. What annoys me is the guy next door who asked a secretary in work for more money because he had to attend a meeting for thirty minutes after he finished work. She earns half he does, and doesn't get subsidised housing or any of the other benefits he gets. He needs a good hard kick in the backside if you ask me. He's leaving soon, thankfully.

[dcharlie]

Salaries are low, cost of living and raising a child is high, and it's too easy to just go out and pay sheckles for a nice piece of 24 year old ass. Why would any salary man go home and bang his wife?

and then i talk to my 24 year old bro in law and the general attitude seems to be "everything i love doing costs me nothing - why do i need to have a stressful career again?"

I think the 20-30 year old Japanese crowd are the new hippy style movement - they just want to be free, to do what they want to do. And they want to get loaded and have a good time, and they ARE going to have a good time... they're going to have a party.

I DONT WANNA LOSE YOUR LOVE!!!! (x4)

[Magic Knight]

they just want to be free, to do what they want to do. And they want to get loaded and have a good time, and they ARE going to have a good time... they're going to have a party.

I DONT WANNA LOSE YOUR LOVE!!!! (x4)

One day in an electronics lecture in college, I was a bit confused about some amplifier or something, so I asked the lecturer "Just what is it you want to do?". I was most disappointed that she didn't give the same reply as you.

[GaijinPunch]

Japan has definitely been on the same recession since the 90's. So, everyone asks me "how's the economy over there" and I just say, "as shitty as it's always been". There's been a few up ticks, but I don't think any Japanese person would've ever said it was good. The big problem now though is that the secret about depopulation is out. Trust me, they are not going to solve that one for a long time. Salaries are low, cost of living and raising a child is high, and it's too easy to just go out and pay sheckles for a nice piece of 24 year old ass. Why would any salary man go home and bang his wife?

I've been saying something similar for a while. I know it's totally retarded for me to say this while I live here, but when did Japan get the most outside influence? I wasn't around, but I imagine the occupational forces was a huge turning point... and then, not a whole hell of a lot afterward. As shitty as an Earthquake would be since the whole fucking country lives next door to each other, down the road it might be what Japan needs. A massive cut to the population might get them to finally get off their asses and say, "Okay, we need like 2 million foreigners to move here" and subsequently make it somewhat easy for them to do so. I realize how Japan's "autonomy is at risk" and all that BS, but c'mon... progress is made by intermingling, not by being reclusive. Why does the US have such an awesome University system? B/c it's internationalized. I guess you could say it's not really an American system.

The latest Metropolis quoted the the Ministry of something or other as saying a "large" inland Earthquake near Tokyo would kill 11,000 people and destroy 185,000 buildings. The people part sounds a little low to me. That's like .08% of the population of the city.

[Magic Knight]

http://www.eri.u-tokyo.ac.jp/shuto/EN/index.html

"A M 7 or greater (M 7+) earthquake in this region at present has high potential to produce devastating loss of life and property with even greater global economic repercussions. The Central Disaster Management Council of Japan estimates the next great earthquake will cause 11,000 fatalities and 112 trillion yen (1 trillion US$) economic loss. This great earthquake is evaluated to occur with a probability of 70 % in 30 years by the Earthquake Research Committee of Japan."