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Old Feb 21st 2004, 7:10 pm   #16
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As I predicted some weeks ago the dollar is weakening
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Old Feb 21st 2004, 7:25 pm   #17
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Old Feb 21st 2004, 8:23 pm   #18
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Originally posted by Bix
As I predicted some weeks ago the dollar is weakening
It certainly hasn't been weakening against the $US... only last week it reached a seven year high of +0.80.

Maybe it's as somebody said, due to the expectation of another Bank of England rate rise... mind you the Reserve Bank here are talking bullish about more interest rate rises to come.

I've been in Australia for almost 6 months and still have my money in the UK - I'm one of those people who decided to rent here for a bit whilst waiting for a more favourable exchange rate

When I left in September it was $2.45 and I think if it reaches that next week I will be on the phone to my bank. I will not have gained anything by waiting (actually will have lost a good deal in interest) apart from ulcers and grey hair by constantly (and by that I mean almost every minute of the day!) watching the dollar for last six months

I am not offering advice - I should be the last person to do that anyway - but if you are happy with the current rate (I know, we would all like more) then in order to avoid a good deal of stress, transfer now.

And then stop following the rate.


Last edited by Thomaz; Feb 21st 2004 at 8:30 pm.
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Old Feb 22nd 2004, 5:36 am   #19
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Some previous values of the £ to the A$ are:

Period covered 16 May 1996 - 21 February 2004

High 3.0238 AUD (27 September 2001)
Low 1.8879 AUD (16 May 1996)
The average over the period being : 2.5252 AUD
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Old Feb 22nd 2004, 9:08 am   #20
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Its on its way down again!!!
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Old Feb 22nd 2004, 9:15 am   #21
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Quote:
Originally posted by ABCDiamond
Some previous values of the £ to the A$ are:

Period covered 16 May 1996 - 21 February 2004

High 3.0238 AUD (27 September 2001)
Low 1.8879 AUD (16 May 1996)
The average over the period being : 2.5252 AUD
Thanks ABC

I saw a similar graph last September but it only covered the last three years and I seem to remember the average was around the $2.70 mark.

I placed a rate watch of $2.52 on my money prior to coming out here so it’s interesting to see that that is the average over an eight year period.

If my money comes through at that rate next week I will be very happy indeed.

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Old Feb 22nd 2004, 9:20 am   #22
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Arrrrhhh, just seen Andy Pandys post.

Yes, it's 2.42. I gave up checking it this morning as it hadn't moved from 2.431 for hours.

Who on earth it buying and selling currency on a Sunday?

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Old Feb 22nd 2004, 9:23 am   #23
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Quote:
Originally posted by Thomaz
Arrrrhhh, just seen Andy Pandys post.

Yes, it's 2.42. I gave up checking it this morning as it hadn't moved from 2.431 for hours.

Who on earth it buying and selling currency on a Sunday?

Japan ?
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Old Feb 22nd 2004, 10:07 am   #24
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Quote:
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
Do you have the contact details for the HFIX ?
THANKS
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Old Feb 22nd 2004, 10:11 am   #25
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Do you have the contact details for the HFIX ?
THANKS

Tel 01753 859159

[email protected]

www.hifx.co.uk
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Old Feb 22nd 2004, 9:23 pm   #26
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Today 8.15 am
1 British Pound = 2.42241 Australian Dollar
1 Australian Dollar = 0.76990 US Dollar

Friday, February 20, 2004
1 Australian Dollar = 0.79129 US Dollar


I think that 2.5 would be a reasonable rate also. I remember when I first came out, some years ago, I got 2.0 and then it changed to 2.5 when I headed back to UK.

It will be interesting to see what the UK market does today when they wake up. I think I heard someone say that the UK interest rates went up again recently, and I have a "feeling" that the OZ rates will not go up next month.
 
Old Feb 22nd 2004, 9:42 pm   #27
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Quote:
Originally posted by ABCDiamond
Today 8.15 am
1 British Pound = 2.42241 Australian Dollar
1 Australian Dollar = 0.76990 US Dollar

Friday, February 20, 2004
1 Australian Dollar = 0.79129 US Dollar


I think that 2.5 would be a reasonable rate also. I remember when I first came out, some years ago, I got 2.0 and then it changed to 2.5 when I headed back to UK.

It will be interesting to see what the UK market does today when they wake up. I think I heard someone say that the UK interest rates went up again recently, and I have a "feeling" that the OZ rates will not go up next month.

Hi ABC,

Just checked now and it's down a bit: $2.4152.

UK interest rates did go up - 0.25% I think - last month. The BOE meet a day or so after the Reserve Bank although the exchange rate does not seem to change much immediately after their decision - it's usually the expectation beforehand that causes the movement. Now may be a good time to transfer my money... if only I had the guts

Yes, when I came out here in 1995 for a working holiday I seem to remember getting $2.0. Didn't matter too much then as I was only changing a little.

Glad the weather in Brisbane has cooled a little for you.

Oh well, back to work.

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