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Originally posted by ScottyB
Where you checking Dicki? I know it is your job and all that.....
Alot of our guys are paid in US Dollars and were complaining that it had reached 2.2 last week slashing their salary.
We get our figures from our Headoffice website in Texas with a tracking facility for the exchange rate via xe.com. It clearly shows 2.2 last Monday????
Maybe our office filling our heads full of mince........typical yanks.
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They should probably check to see if the rate of conversion they use is based on any kind of average rate or whether they take the spot rate.
Lots of american investment banks in London use the average rate for December - creates a big incentive for those guys to try and get it to trade down for a bit!