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Old Jun 3rd 2006, 6:50 am   #16
arkon 
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Default Re: $ at 2.51

Quote:
Originally Posted by framac
Why then do the daily papers show it at $2.35.
Seen it a couple of times
Thanks the tourists rates. Ignore them as when you do your big money transfer you will get interbank rates, much better.
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Old Jun 3rd 2006, 7:36 am   #17
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Default Re: $ at 2.51

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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

Same here...but can't u take a loan out againt the deposit that your buyer left with your solicitor at exchange. Isn't this money yours should the buyer pull out? Then take this cash and do a forward contract at this rate.

I don't have a visa..and am not expecting it for a another 2 months. Does anyone know the imlications of doing a forward contract now and then not getting the visa? Where would the money sit? Do I need a visa to open an Oz bank account from here first? What if I don't make it to Oz to verify/open my account...how could i get the money back?

Someone must be able to answer this...I can't find any answers anywhere


Thanks
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Old Jun 3rd 2006, 8:05 am   #18
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Default Re: $ at 2.51

Quote:
Originally Posted by framac
Why then do the daily papers show it at $2.35.
Seen it a couple of times

Thats the tourist exchange rate. If you go into say Thomas Cook or Going Places this is the rate you will receive.
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Old Jun 3rd 2006, 8:08 am   #19
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Thumbs up Re: $ at 2.51

Quote:
Originally Posted by touchingcloth
Does anyone know the imlications of doing a forward contract now and then not getting the visa? Where would the money sit? Do I need a visa to open an Oz bank account from here first? What if I don't make it to Oz to verify/open my account...how could i get the money back?

Someone must be able to answer this...I can't find any answers anywhere
Call UKFOREX, they have answered all my questions and I can recommended them.

www.ukforex.co.uk
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