SteveW
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Registered: 15th Jul 02
Location: Up in the clouds
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I changed up a wedge of money to US Dollars today and managed to get it at $1.47 which isnt too bad in today climate.. however i noticed their buy back was at $1.68
got me thinking.. on a large scale you could buy and sell back dollars to make money..
please take the next left onto easy street  
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Colin
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Registered: 4th Apr 02
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Thats a £1 back to every $1.68 though!? Wheres the money to be made? 
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ed
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Registered: 10th Sep 03
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FruitBooTeR
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Registered: 18th Jan 07
Location: Wolverhampton Drives: S15
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quote:
Originally posted by SteveW
got me thinking.. on a large scale you could buy and sell back dollars to make money..
A very large scale
Youd have to change a massive sum of money to make anything worth braggin about.....
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charcoalgrill
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Registered: 23rd Oct 02
Location: Bristol
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if you thought of that months ago, and now decided to change it, i believe it would be in your favour (on a large scale)
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3lfz
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Registered: 16th Nov 08
Location: Torquay
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Basically to make alot of money from that you would have to set up your own place to change currencies, which is what they do anyway lol.
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Cosmo
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Registered: 29th Mar 01
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People trade currencies all the time, its not a new idea.
Although the way you are suggesting wont work, as I doubt the true buy back would be what you think.
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Colin
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Registered: 4th Apr 02
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People make money from exchanging currency yes but its not as easy as that!!
The buy back rate you quote makes you loose money!! You have to wait months usually to get any return & it could even take longer!!
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Cosmo
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Registered: 29th Mar 01
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quote:
Originally posted by Colin
The buy back rate you quote makes you loose money!!
Exactly.
This thread fails mathmatically on a Doyle kind of level.
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sand-eel
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Registered: 15th Mar 07
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To make a larger profit people change the currencies over a lot of countries, big money can be made if you have big money to start with or do it for 20 years and you may be rich.
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Jambo
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Registered: 8th Sep 01
Location: Maidenhead, Drives: VXR Arctic
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Ed fucking
Thats one of the greatest south park episodes of all time
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John
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Registered: 30th Jun 03
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Their buy back will probably be you hand over $1.68 and you get £1, that would mean a loss for you if you handed over £1 and got $1.47.
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Colin
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Registered: 4th Apr 02
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quote:
Originally posted by Cosmo
Although the way you are suggesting wont work, as I doubt the true buy back would be what you think.
It wont!! Or everyone & theur dug would be on it!!
Buy dollers rate - 1.47 dollers to every pound you give them.
Sell back rate - 1 pound for every 1.68 Dollers you hand over.
Comprende C'mon even I know that!! 
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Colin
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Registered: 4th Apr 02
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quote:
Originally posted by Cosmo
quote:
Originally posted by Colin
The buy back rate you quote makes you loose money!!
Exactly.
This thread fails mathmatically on a Doyle kind of level.
A doyle of massive proportions!!
I thought steve was clever too 
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SteveW
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Registered: 15th Jul 02
Location: Up in the clouds
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i was only kidding guys
at least Ed got it
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Colin
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Registered: 4th Apr 02
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Last time I bought Dollers they were like $1.85 to the pound & had been higher a few months before, over $2!! The only way you could make money is by buying a shit load today at $1.47 or whatever & waiting a while living in the hope the rate recovers to what it was last may/june!!
[Edited on 12-05-2009 by Colin]
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SteveW
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Registered: 15th Jul 02
Location: Up in the clouds
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yeah last year i got it at $1.90 i think.. then it went down to $1.30 this year but it is picking back up... slowly 
no overnight crashes to make the pound super strong
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ed
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Registered: 10th Sep 03
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Just vote Labour if you want to make money off of the pound going weak. Well, probably Tory too judging by their expense claims.
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Ian
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Registered: 28th Aug 99
Location: Liverpool
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Buy any currency other than pounds and carry on voting Labour.
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