DunRoaminTheUK

As per subject.....

nightnurse2

A man of many words then!

touchingcloth

ditto

Sam

shit!!!!

i want to complete on my house so i've got some money to transfer

got another 2/3 weeks yet

hope it holds

john_w

I hope it keeps dropping toward the £1/$3 mark for us.....got f**king ages to wait!

Mctree

Is this a good thing or a bad thing?

DunRoaminTheUK

Oh well, mustn't grumble because we got $2.489 for our wonga and the difference in profit between the exchange rate when we sold our house ($2.37) and the rate when we exchanged on the house ($2.489) is $10,440 so musn't grumble.

DunRoaminTheUK

Good going by recent exchange rates.

Mctree

But, is it due to the Pound strengthening, or the Australian economy crashing?

DunRoaminTheUK

Well, the pound is strengthening (against the dollar) as a consequence so this is more of a symptom than a cause as the pound remains equal to a unit of 1 against it's equivalent in Australian dollars.

I don't think that the Australian economy is crashing as this kind of thing happens all the time. It's merely a symptom of economic data that is released periodically as well as other factors (this is my take on things anyway...and I'm probably wrong )

anewlife

I just hope it holds out until we complete on the house!

got 2.4939 on £5k today at about 17.30, so can't complain

oliverandlisa

hope it holds too... dying for the sale to complete!

Lisa.xx

tin

If you have already exchanged why not get a forward rate? Once we exchange we'll tie in a rate above 2.50...

Martyn

joho

I booked a rate for 56k last friday when it was 2.44 It had dipped from 2.48 earlier in the week when I wasnt in a postition to book and I was concerned it was a downward spiral. Never mind its better than the 2.35 it has been for a long time. In hindside, I should have booked half for security then speculated on the other half. Could have been my new suite.

Jo

framac

Why then do the daily papers show it at $2.35.
Seen it a couple of times