Exchange rate between British pounds and HKD?

[KMB1933]

Does anyone know how much 3 pounds is worth in HKD? Last time I checked, the exchange rate was 1 pound = $10 HKD. I am not sure if the rate has risen because HKD is getting less value as RMB continues to rise.

[Blake]

I'd say about 3.00 GBP = 46.9348 HKD. Or that's what this site says: http://www.xe.com/ucc/

[werepup]

Yeah, apparently the British pound has become very very strong. Not that anyone seems to be making good use of it cos I think all the mortgage kafuffle has blindsighted everyone.

[Rachel]

It's not strong compared to the Aussie Dollar, as i think the aussie dollar is even stronger. It sucks for me though as i can't decide whether to bring my money over from the uk or not as the exchange rate sucks so much!

[Siniri]

The British pound is actually down a little compared to some of the stronger currencies (Euro, Aus$ -- as Rachel mentioned, Can$, etc). It's not as badly pounded as the US$, though (which has lost a LOT of value over the past year or so), and thus it still looks pretty good against the currencies that are somewhat tied to the dollar (and there are a lot of those). I'm taking a class called "Global Perspectives in Macroeconomics" this semester, and it's been interesting learning how all these things work.

The Australian economy is in a boom cycle right now, but when the boom stops, the currency will most likely fall compared to the pound (the pound has fallen recently due to the UK housing issues) -- but this might not happen for years (we haven't focused a lot on Australia in the class; we just learned it's a resource-rich country that's got a government surplus and a current account deficit during its current boom). On the other hand, my professor thinks the Euro will come down if/when the housing mess spreads into the rest of Europe... which could be rather soon. I guess it depends on whether you think the pound's gone down as much as it will against the Aus$ -- if it has, you may as well wait a bit for it to come back up before moving your money. But if the UK economy gets worse than the analysts thought, the pound will fall even more, so you may as well move it now...

[Rachel]

The British pound is actually down a little compared to some of the stronger currencies (Euro, Aus$ -- as Rachel mentioned, Can$, etc). It's not as badly pounded as the US$, though (which has lost a LOT of value over the past year or so), and thus it still looks pretty good against the currencies that are somewhat tied to the dollar (and there are a lot of those). I'm taking a class called "Global Perspectives in Macroeconomics" this semester, and it's been interesting learning how all these things work.

The Australian economy is in a boom cycle right now, but when the boom stops, the currency will most likely fall compared to the pound (the pound has fallen recently due to the UK housing issues) -- but this might not happen for years (we haven't focused a lot on Australia in the class; we just learned it's a resource-rich country that's got a government surplus and a current account deficit during its current boom). On the other hand, my professor thinks the Euro will come down if/when the housing mess spreads into the rest of Europe... which could be rather soon. I guess it depends on whether you think the pound's gone down as much as it will against the Aus$ -- if it has, you may as well wait a bit for it to come back up before moving your money. But if the UK economy gets worse than the analysts thought, the pound will fall even more, so you may as well move it now...

And decisions are complicated even more by the fact that interest rates here are much higher than the uk - so even if the exchange rate isn't good i'd be earning more interest on any money if it was in australia (assuming interest rates stay high)

[Alex]

Rachel, if you do move it over, just create an ING account - their interest rates are pretty high.

[Siouxper]

Seeing how weak the USD is against the British Pound makes me not like living in the USA

[Pink]

The American Dollar is sucking right now...it makes me sad But that would explain some of the strength rising in the other countries' currencies.

[Asthaloth]

Seeing how weak the USD is against the British Pound makes me not like living in the USA

On the plus side, we get taxed right up the Wazoo on everything, paying Two to three times what you do on everything.

Notsobadnow, is it?

[Rachel]

Seeing how weak the USD is against the British Pound makes me not like living in the USA

On the plus side, we get taxed right up the Wazoo on everything, paying Two to three times what you do on everything.

Notsobadnow, is it?

Sorry, im a littke confused by your post, are you saying that people in the UK get taxed much more than americans? I wouldn't have thought that's the case...

[MarchingDuck]

Seeing how weak the USD is against the British Pound makes me not like living in the USA

On the plus side, we get taxed right up the Wazoo on everything, paying Two to three times what you do on everything.

Notsobadnow, is it?

Trust me, taxes are bad in the US. Where I work sales tax is now 8cents on the dollar. That means for every dollar you spend buying something, your charged 8cents in tax.

And the US dollar's worth is always changing, but I will agree that its the lowest its been in a long time...prob since the 80's (or a little worse than then). I'm just glad that I'm not an economic historian lol.

and in the US we get taxed on:
having a home
getting a paycheck
buying anything
owning a car

and I know theres a few more things...

[Pink]

Let's be honest, we basically get taxed on everything...including dying.

[Pickles]

Let's be honest, we basically get taxed on everything...including dying.

QFT.

I strongly dislike taxes. But then, they're part of the necessary evil of government and money.

[MarchingDuck]

Let's be honest, we basically get taxed on everything...including dying.

QFT.

I strongly dislike taxes. But then, they're part of the necessary evil of government and money.

"There's only two certainties in life -- death and taxes" - Ben Franklin