Devlin

I concur with this. I think there is a 75%-80% chance the GBP will be lower - perhaps significantly - against the AUD and USD in 12 months time. There will of course be ups and downs on the way, so look out for the peaks when you exchange.

paul76

$1.80 to $2.00

I hope i get the skilled indepedant visa as i can go over and get that stamped so it lasts 5 years.

I know people will say 'you cant miss what you never had'

thedoctor

Of course one very strong reason for the Oz Dollar increasing in value is that age old maxim of markets – demand. If fewer people want something it tends to have a lesser value. If more of a thing (currency) is wanted it will tend to have a greater value. It is not that anyone necessarily wants less Sterling, Britain’s foreign trade still commands a high level of need for Sterling to settle trading accounts. It is however, a fact that given the very high demand for Australia’s minerals there is a very high demand for the Australian Dollar with which to settle trading accounts. So, the value of the Oz Dollar has a bit more to do with the demand of rapidly growing economies (as well as the rest of the world developed economies) for raw materials than it has to do with individuals shifting their cash to higher interest rate economies such as Oz. But introducing a bit of politics, give the Labor Government a couple of years and who knows what may happen – watch this space!!!:curse:

suart

oh well just thought i'd let you all know the exchange rate is now

2.11

Cannot believe it, lets hope it goes up again soon!!!!!!!!!!!!!!

bridie

dont, i had a big pay day end of last month, holding out for something better but cant see it happening anytime soon

thedoctor

A very significant reason for Sterling losing value is of course the UK Labour Governments fight to keep British exports competitive - low exchenge rate means low export prices. The problem is it also means high import prices which of course cuts back on peoples spending and tends to hold down inflation.
Another very important reason to those politicains who would like to see Britain without its own currency is the little matter of convergence with the Euro. Whilst the Pound has lost something like 25% of its value against the US Dollar and Aussie Dollar the Euro has increased its value against Sterling by 30% over the past 18 months or so. The closer the Euro gets to the Pound the easier and cheaper for Europe will be the convergence of both currencies.
Of course the losers as always are those who make the wealth - Joe Soap - poor sods!
The Doctor:curse::curse:

gavbro

OK all maybe some good news for those going to Aus.
I have heard a rumour that the Aussie is ready to fall.
My information was correct when I was told the Aussie was going to get very strong so change a few pounds, after hearing this today I have changed my dollars back.
I changed £10,000 and got $25,000, changed $25,000 and got £12,000, easiest £2000 I have earned this year.

Just thought I would give a few a heads up so they don’t lose loads.

Gav

sharonmcallister

any indication when this is going to happen??

Sharon

chilliman

Hmm interesting maybe time to change back my aussie dollars also!?

gavbro

When will this happen?
If you watch the rate you will have noticed it doing up already, although only a little.
My information is that it will slowly creep up and then with a big jump.
Best to do it now and let others know as well.

Gav

MartinLuther

It'll be 2.4 in September.

stariston

Just exchange the lot stick it in an Aussie bond (high interest
account)
get bags of interest then exchange it back when you feel its rising



Aint it what are japan freinds are doing carrie trade?

cj321

And you also know the lotto numbers for next week

MartinLuther

Nah! That's a lottery. Literally!

g.gary32

Hello everyone

Being looking at what eveyone is saying about there exchange rates and i have being getting the best advice I have heard for along time from my broker at Excel Currencies..

Firstly the main thing he mentioned was that there is 2 ways of buying currency one is at the right time and the other is the last minute.

I have done a few trades through Excel and I have found there way of doing things much better then anyone else.

I now always have my money sitting in there account ready to trade instead of doing it at the last minute. This has allowed me on a couple of occassions to achieve the high of the day and in one case I achieved the high of the week,

The main thing they offer is called a group booking, they simply put my money together with loads of other peoples money and buy a bulk amount from the market, it has worked out pretty well over the last few trades I have done with them.

To be honest I think the key is to find the right Broker and not so much the right company. My guy at excel just keeps things simple for me and that the way I like it or as he put it

"Let me do the worrying for you"