Exchange rate AUD Vs GBP £1 buys $1.83
Oct 7th 2016, 9:27 am
#436
Lost in BE Cyberspace
Joined: Dec 2010
Posts: 14,040
Re: Exchange rate AUD Vs GBP £1 buys $1.83
3 The pound has now fallen a further 10 to 15% and the London property market has fallen markedly so this calls into question how savvy they've been in buying up so soon and it means they will have to hold such assets for longer than they probably envisaged to make a return. In the long, long run you rarely lose out with property.
But good to see you finally admit (in bold) that the UK won't suffer from Brexit forever.
Oct 7th 2016, 12:38 pm
#437
Lost in BE Cyberspace
Joined: Nov 2003
Location: Scotland
Posts: 7,949
Re: Exchange rate AUD Vs GBP £1 buys $1.83
It's not worth the bother. At some point I posted links to bad news of the economy; you pointed out that foreigners buying up property contradicted that; I'm not going to trawl through posts.
Oct 11th 2016, 4:42 pm
#438
Lost in BE Cyberspace
Joined: Apr 2004
Posts: 10,375
Re: Exchange rate AUD Vs GBP £1 buys $1.83
Where were we? Oh yeah it's a touch off 62 p now. Shipping thread on back to UK forum getting active.
Oct 26th 2016, 7:44 am
#440
Forum Regular
Joined: Oct 2010
Posts: 280
Re: Exchange rate AUD Vs GBP £1 buys $1.83
Ok so the market is now at 0.63 ish so I've been thinking about putting some £ in my UK account. I've looked on the currency shop and Worldfirst, OFX and HiFX appear to be the best rates, has anyone used these before? I haven't transferred any money that way since I've been here.
Oct 26th 2016, 9:12 am
#441
Lost in BE Cyberspace
Joined: Dec 2010
Posts: 14,040
Re: Exchange rate AUD Vs GBP £1 buys $1.83
Yep. Something about commodities. The AUD rose against everything.
Oct 29th 2016, 1:14 pm
#442
Lost in BE Cyberspace
Joined: Nov 2003
Location: Scotland
Posts: 7,949
Re: Exchange rate AUD Vs GBP £1 buys $1.83
Ok so the market is now at 0.63 ish so I've been thinking about putting some £ in my UK account. I've looked on the currency shop and Worldfirst, OFX and HiFX appear to be the best rates, has anyone used these before? I haven't transferred any money that way since I've been here.
Oct 29th 2016, 11:59 pm
#443
Concierge
Joined: Jan 2013
Location: Western Australia
Posts: 21,138
Re: Exchange rate AUD Vs GBP £1 buys $1.83
We've used HIFX many times and UK/OzForex many times and would have no hesitation in recommending either. We've moved £'s to $'s and $'s to £'s with both. We've also used CBA in the past but for sizeable amounts when the rate matters you'll do better with the likes of HIFX/UKOzForex than a bank.
For those interested, I've just done a comparison between the Commonwealth Bank and OFX, by logging into my accounts with both.
If I wanted to put 10,000 pounds into my UK bank account from my Oz one tonight, it would cost almost AU$800 more if I used the bank.
Oct 30th 2016, 3:59 am
#444
Forum Regular
Joined: Oct 2010
Posts: 280
Re: Exchange rate AUD Vs GBP £1 buys $1.83
That is abysmal from Commonwealth.
Oct 30th 2016, 5:59 am
#445
Lost in BE Cyberspace
Joined: Dec 2010
Posts: 14,040
Re: Exchange rate AUD Vs GBP £1 buys $1.83
That does not surprise me from that institution.
Oct 30th 2016, 6:49 am
#446
Proudly Deplorable
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Re: Exchange rate AUD Vs GBP £1 buys $1.83
Exchange rates go up
Exchange rates go down
Exchange rates go up again
etc
Economics 101
If you can call it you're a genius - and should be a billionaire - or so f**king lucky that you defy all the odds known to man
Otherwise you can spout shite out of your ass on BE
Exchange rates go down
Exchange rates go up again
etc
Economics 101
If you can call it you're a genius - and should be a billionaire - or so f**king lucky that you defy all the odds known to man
Otherwise you can spout shite out of your ass on BE
Oct 30th 2016, 8:48 am
#448
Lost in BE Cyberspace
Joined: Nov 2003
Location: Scotland
Posts: 7,949
Re: Exchange rate AUD Vs GBP £1 buys $1.83
Yep, if you want to get the best rate on FX you use a specialist FX dealer not a bank. Banks don't offer as good a rate to the man in the street as an FX dealer.
Oct 30th 2016, 9:10 am
#450
Concierge
Joined: Jan 2013
Location: Western Australia
Posts: 21,138
Re: Exchange rate AUD Vs GBP £1 buys $1.83
Sat up until about 3am, monitoring the OFX exchange rate, and had 3 long distance telephone conversations with a broker at the Sydney desk.
When it looked like the rate had peaked in my favour I completed the transaction and went to bed exhausted but smug.
I should have just gone to bed at my usual time. Next day I could have got a rate that would have seen me AU$9,000 better off
