From: Ronald Raygun 
Subject: Re: Best way to transfer $5000 from US to UK
Newsgroups: uk.finance
Date: Fri, 24 Nov 2006 14:54:55 GMT

Tumbleweed wrote:

> Yes, it was the 'spare' US money I didnt get. I took it from the POV of
> there was lots of stuff he was buying in the US, he had money there,

Correct so far

> but was buying his US stuff with UK money,

Can't think what gave you that impression.  He doesn't have UK money,
he has UK debt, hence his question about .

> on account of the exchange rate being so good!

No, it's not a question of how good or bad the exchange rate *is*, but
he feels the exchange rate is *changing* to his disadvantage, i.e.
given that he must use US money to settle his UK debt (if he had UK money,
he'd be better off using that to clear his UK debt, after all), it will
be more expensive for him to do so later than sooner (even after allowing
for any interest which may be accruing).