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Old Jun 2nd 2006, 3:10 pm   #1
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Default $ at 2.51

As per subject.....
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Old Jun 2nd 2006, 3:35 pm   #2
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Default Re: $ at 2.51

A man of many words then!
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Old Jun 2nd 2006, 8:52 pm   #3
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Default Re: $ at 2.51

Quote:
Originally Posted by tracey brien
A man of many words then!

ditto
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Old Jun 2nd 2006, 8:58 pm   #4
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Default Re: $ at 2.51

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
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Old Jun 2nd 2006, 9:01 pm   #5
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Default Re: $ at 2.51

Quote:
Originally Posted by alan and 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
I hope it keeps dropping toward the £1/$3 mark for us.....got f**king ages to wait!
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Old Jun 2nd 2006, 9:11 pm   #6
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Default Re: $ at 2.51

Quote:
Originally Posted by DunRoaminTheUK
As per subject.....
Is this a good thing or a bad thing?
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Old Jun 2nd 2006, 9:11 pm   #7
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Default Re: $ at 2.51

Quote:
Originally Posted by john_w
I hope it keeps dropping toward the £1/$3 mark for us.....got f**king ages to wait!
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.
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Old Jun 2nd 2006, 9:12 pm   #8
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Default Re: $ at 2.51

Quote:
Originally Posted by Mctree
Is this a good thing or a bad thing?
Good going by recent exchange rates.
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Old Jun 2nd 2006, 9:18 pm   #9
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Default Re: $ at 2.51

Quote:
Originally Posted by DunRoaminTheUK
Good going by recent exchange rates.
But, is it due to the Pound strengthening, or the Australian economy crashing?
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Old Jun 2nd 2006, 9:30 pm   #10
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Default Re: $ at 2.51

Quote:
Originally Posted by Mctree
But, is it due to the Pound strengthening, or the Australian economy crashing?
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 )
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Old Jun 2nd 2006, 9:47 pm   #11
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Default Re: $ at 2.51

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
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Old Jun 2nd 2006, 10:07 pm   #12
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Default Re: $ at 2.51

Quote:
Originally Posted by 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

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

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Old Jun 2nd 2006, 10:34 pm   #13
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Default Re: $ at 2.51

Quote:
Originally Posted by alan and 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
If you have already exchanged why not get a forward rate? Once we exchange we'll tie in a rate above 2.50...

Martyn
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Old Jun 3rd 2006, 12:03 am   #14
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Default Re: $ at 2.51

Quote:
Originally Posted by 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
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.

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Old Jun 3rd 2006, 5:23 am   #15
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Default Re: $ at 2.51

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