$ rising!
Feb 21st 2004, 2:23 pm
#1
Thread Starter
Joined: Jun 2003
Posts: 965
More $ for your pounds?
I'm watching this rate go up - whats going on?
Should have all our money in the bank from the house by Friday - now we were going to take 2.4...
Anyone else in the process of a forward contract - and what are you settling for?
Max
...for those of you who can't read between my muddled lines I am talking about todays rate of 2.43 $ to the pound
Should have all our money in the bank from the house by Friday - now we were going to take 2.4...
Anyone else in the process of a forward contract - and what are you settling for?
Max
...for those of you who can't read between my muddled lines I am talking about todays rate of 2.43 $ to the pound
Last edited by maxpaxx; Feb 21st 2004 at 2:41 pm.
Feb 21st 2004, 2:35 pm
#2
Bitter and twisted
Joined: Dec 2003
Location: Upmarket
Posts: 17,503
Re: $ rising!
Originally posted by maxpaxx
I'm watching this rate go up - whats going on?
Should have all our money in the bank from the house by Friday - now we were going to take 2.4...
Anyone else in the process of a forward contract - and what are you settling for?
Max
I'm watching this rate go up - whats going on?
Should have all our money in the bank from the house by Friday - now we were going to take 2.4...
Anyone else in the process of a forward contract - and what are you settling for?
Max
If the dollar is rising then it makes the pound worth less if you are going to Australia.
G
Feb 21st 2004, 2:37 pm
#3
Thread Starter
Joined: Jun 2003
Posts: 965
Re: $ rising!
Originally posted by Grayling
Are you talking about the dollar rising relative to the pound or vice versa?
If the dollar is rising then it makes the pound worth less if you are going to Australia.
G
Are you talking about the dollar rising relative to the pound or vice versa?
If the dollar is rising then it makes the pound worth less if you are going to Australia.
G
I think you can get the gist of what I am talking! ie more dollars for your pounds....currently 2.43 with HFIX
Feb 21st 2004, 2:41 pm
#4
Next stop Gold coast
Joined: Jan 2004
Location: Somewhere in Midwales
Posts: 625
We too have been keeping an eye on rates.
Have set up account with HIFX , hope this trend carries on for a while.
Might be picking up the phone soon and giving the go a head on a forward contract.
Anyone out there in the know? would appreciate advice!
all the best plum!
Have set up account with HIFX , hope this trend carries on for a while.
Might be picking up the phone soon and giving the go a head on a forward contract.
Anyone out there in the know? would appreciate advice!
all the best plum!
Feb 21st 2004, 2:42 pm
#5
Thread Starter
Joined: Jun 2003
Posts: 965
Re: $ rising!
Originally posted by Grayling
Are you talking about the dollar rising relative to the pound or vice versa?
If the dollar is rising then it makes the pound worth less if you are going to Australia.
G
Are you talking about the dollar rising relative to the pound or vice versa?
If the dollar is rising then it makes the pound worth less if you are going to Australia.
G
Feb 21st 2004, 2:43 pm
#6
Forum Regular
Joined: Sep 2003
Location: Perth
Posts: 78
Re: $ rising!
Originally posted by maxpaxx
..alright smarty pants
I think you can get the gist of what I am talking! ie more dollars for your pounds....currently 2.43 with HFIX
..alright smarty pants
I think you can get the gist of what I am talking! ie more dollars for your pounds....currently 2.43 with HFIX
I am about to forward contract with HFIX but may just wait a little longer... I did my calculations on 2.50 to the pound when it was 2.75 last year as an average. Fingers crossed.
Andrew
Feb 21st 2004, 2:48 pm
#7
Bitter and twisted
Joined: Dec 2003
Location: Upmarket
Posts: 17,503
Re: $ rising!
Originally posted by maxpaxx
Hope that makes it clearer for you G!
Hope that makes it clearer for you G!
But the strength of the dollar and it's effect on you depends on whether you are going to or leaving Australia.
If you are going then a falling dollar is preferable.
G
Feb 21st 2004, 2:49 pm
#8
Next stop Gold coast
Joined: Jan 2004
Location: Somewhere in Midwales
Posts: 625
I,m thinking of cashing in soon!....doya think it could rise anymore?
Feb 21st 2004, 3:27 pm
#9
Guest
Posts: n/a
Originally posted by plumber
I,m thinking of cashing in soon!....doya think it could rise anymore?
I,m thinking of cashing in soon!....doya think it could rise anymore?
2.43 is about as good as it has been in a while.
Feb 21st 2004, 3:39 pm
#11
Thread Starter
Joined: Jun 2003
Posts: 965
Originally posted by WBB
BTW how do these forward contracts work?
BTW how do these forward contracts work?
ie. we are going in Sept so HFIX will hold the deposit and we will hopefully at some point between now and Sept get that rate. We don't have to pay the balance until that agreed date even though we may get the rate tommorrow that we have agreed on..so quids in with the money in the bank getting interest...at least thats my take on it..probably wrong..and I'm sure someone will point it out
Feb 21st 2004, 4:56 pm
#12
Guest
Posts: n/a
Originally posted by maxpaxx
10% deposit on agreed rate at future date.
ie. we are going in Sept so HFIX will hold the deposit and we will hopefully at some point between now and Sept get that rate. We don't have to pay the balance until that agreed date even though we may get the rate tommorrow that we have agreed on..so quids in with the money in the bank getting interest...at least thats my take on it..probably wrong..and I'm sure someone will point it out
10% deposit on agreed rate at future date.
ie. we are going in Sept so HFIX will hold the deposit and we will hopefully at some point between now and Sept get that rate. We don't have to pay the balance until that agreed date even though we may get the rate tommorrow that we have agreed on..so quids in with the money in the bank getting interest...at least thats my take on it..probably wrong..and I'm sure someone will point it out
you lost me there.
Feb 21st 2004, 5:15 pm
#13
BE Forum Addict
Joined: Dec 2003
Location: Gold Coast Hinterland
Posts: 2,359
Forward buying:
You like the exchange rate today but don't need the dollars until Sep.
Cough up 10% of what you want to exchange and HIFX buys all your dollars at todays rate but you can't hve them till Sep.
You keep your 90% in pounds in the bank earning interest until Sep.
In Sep you pay HIFX the 90% and you get 100% dollars.
Lesley
You like the exchange rate today but don't need the dollars until Sep.
Cough up 10% of what you want to exchange and HIFX buys all your dollars at todays rate but you can't hve them till Sep.
You keep your 90% in pounds in the bank earning interest until Sep.
In Sep you pay HIFX the 90% and you get 100% dollars.
Lesley
Feb 21st 2004, 6:58 pm
#14
Guest
Posts: n/a
Originally posted by lesleys
Forward buying:
You like the exchange rate today but don't need the dollars until Sep.
Cough up 10% of what you want to exchange and HIFX buys all your dollars at todays rate but you can't hve them till Sep.
You keep your 90% in pounds in the bank earning interest until Sep.
In Sep you pay HIFX the 90% and you get 100% dollars.
Lesley
Forward buying:
You like the exchange rate today but don't need the dollars until Sep.
Cough up 10% of what you want to exchange and HIFX buys all your dollars at todays rate but you can't hve them till Sep.
You keep your 90% in pounds in the bank earning interest until Sep.
In Sep you pay HIFX the 90% and you get 100% dollars.
Lesley
Feb 21st 2004, 7:04 pm
#15
da Bonehead
Joined: Jan 2004
Location: Lion in da jungle
Posts: 22,767
Originally posted by WBB
gotcha, thats good to know, a bit of a gamble as the rate might go up, but then it could go down and your a winner.
gotcha, thats good to know, a bit of a gamble as the rate might go up, but then it could go down and your a winner.