Moving Aus Dollars back to UK
#1
Just Joined
Thread Starter
Joined: Jul 2016
Posts: 3
Moving Aus Dollars back to UK
Hi All
I have been back in the UK now for over 4 years but have kept monies in my NAB Bank Account all this time.
As you can appreciate with the Aus Dollar being better than the GB £ at the moment I locked in a deal with UK Forex last week only to see that the rate has gone up even higher today.
I have had an email from them today stating to send over funds or they will cancel the deal.
Does anybody know whether I will be charged if I do not go ahead with this please?
Any advice in this matter would be greatly appreciated thank you.
I have been back in the UK now for over 4 years but have kept monies in my NAB Bank Account all this time.
As you can appreciate with the Aus Dollar being better than the GB £ at the moment I locked in a deal with UK Forex last week only to see that the rate has gone up even higher today.
I have had an email from them today stating to send over funds or they will cancel the deal.
Does anybody know whether I will be charged if I do not go ahead with this please?
Any advice in this matter would be greatly appreciated thank you.
#2
BE Forum Addict
Joined: May 2012
Location: Cayman Islands
Posts: 4,997
Re: Moving Aus Dollars back to UK
FYI, here is a chart of the changing exchange-rate. You can alter the "period" in the menu for longer times, if you want.
Long Term Charts | Free long term currency charts | Oz Forex
Oh, and here's another - an 18-months chart of prices of currencies I myself happen to follow:
Historical comparison graph for currency exchange rates since 1953
Foreign exchange is a gamble like any other, and you have to be damn lucky to hit the very top of the market every time - especially when the banks are rigging the price!
Long Term Charts | Free long term currency charts | Oz Forex
Oh, and here's another - an 18-months chart of prices of currencies I myself happen to follow:
Historical comparison graph for currency exchange rates since 1953
Foreign exchange is a gamble like any other, and you have to be damn lucky to hit the very top of the market every time - especially when the banks are rigging the price!
#3
Lost in BE Cyberspace
Joined: Dec 2010
Posts: 14,040
Re: Moving Aus Dollars back to UK
Got a UK trip coming up. A London pint now costs me $8.50 instead of $10.50.
Winner.
Every 4 pints is free
Winner.
Every 4 pints is free
#4
Just Joined
Thread Starter
Joined: Jul 2016
Posts: 3
Re: Moving Aus Dollars back to UK
Hi Gordon
Thanks for your reply but what if you have already locked the deal in with them is there no way of backing out? Only my partner does not want to go with it and did not know if it was legally binding.
Thanks for your reply but what if you have already locked the deal in with them is there no way of backing out? Only my partner does not want to go with it and did not know if it was legally binding.
#5
Lost in BE Cyberspace
Joined: Apr 2004
Posts: 10,375
Re: Moving Aus Dollars back to UK
But not sure, you will have to ring them.
Bet they have been asked before now anyway.
#9
Lost in BE Cyberspace
Joined: Apr 2004
Posts: 10,375
Re: Moving Aus Dollars back to UK
Nit pik. I can have my country estate wherever I want
Forest, I like woodland, not so bothered by sea.
#11
Re: Moving Aus Dollars back to UK
There is some irony here - When I left the UK I was an impoverished teacher, and really couldn't afford to move and live in my native Dorset.
I've been in Australia for 10 years last week, have developed a really successful business career and - through luck rather than judgement - have managed to do really well on the Sydney house market to the point where I could now take my pick of lovely Dorset houses.
It is very very tempting...
S
#12
Re: Moving Aus Dollars back to UK
You are almost certainly locked in. But why not just ask them, or read your soecific terms.