Genesis

$1.93

I bet you there will be a HUGE influx of people from the UK clambering with dizzy rates like this!!! Rumour has it there will be a massive spike of a further 2 cents.

1.95 WTF?????????????????????????? Never.

MrsFychan

up to 1.94 lets hope its keeps going up

Genesis

It won't. If only because I have GBPs.

hazeandsteve

It will. We completed on Mum's house yesterday. The money arrived interbank today.
There will now be an enormous hike in the FX rate to piss me off.

Genesis

No it won't.

hazeandsteve

Oooooohhhhhh yes it will!

(It's behiiiiind you!)

Charismatic

Think of when you move to Ireland though Genesis, house prices have fallen 60% and your money is making ground on the euro. A decent house will be pocket change by 2014ish .

Genesis

I think Ireland is off the menu for now. No jobs, kids like NZ, me? I'd like to think I still wanna go but I think I am a bit too old for all this moving lark. If Kate got offered a great job and the kids were WELL up for it I would probably jump at the chance but dare I say as a family after 7 years we are quite settled here? Got new neighbours soon to arrive. Will see if we want to stay after a few weeks with them!

And that 60% fall.......knowing my fiscal luck that will be off my house after fitting the new $50k monopitch roof!!!!!!!!!!!!!!!!

j19fmm

With you there, transferred some money last week and got a lot lower than that

hazeandsteve

With the ten year trend being a steady evening of the two currencies, we just decided to say stuff it, get it here, then we know what we're playing with for the next house.

Charismatic

On the other hand if there where jobs the housing market wouldn't be sinking at over 15% per year. The job market is temporary, in 5 years Ireland may be bottoming out and 10 it may well be on the make again but the house is a permanent thing. Strategy see .

Genesis

Do you reckon it will be one for one in a decade then? Or sooner? I guess around 2 for 1 seems a good rate in that case. I have said 2 is the new 3 (or is it the other way round) in days gone by. Trouble is one's id is locked into the good ol' days of plus $2.50.

But with a pension lump sum sitting in some dusty, unloved, interest free NZ foreign exchange acct it looks like we will cash in VERY soon.

hazeandsteve

That's my point G, I just don't know, so i took the bull by the horns and did now what now gives.
People make or lose many thousands (as well we know), by speculating with markets. Me, I'm happy with my lot, and if it's one to one or three to one, will have long ago forgotten about FX rates.
My army pension will pay what it pays when I cash it in, but that's many moons away.

Genesis

Again its reached the tropospheric regions of OVER $1.95. Just another $1.50 to go before I do my forex deal!

Charismatic

Interesting UK budget.

Amount reduced on £126bn deficit from previous year (not compounded):
2012 - 2013...£6bn
2013 - 2014...£22bn
2014 - 2015...£38.5bn*
2015 - 2016...£38.5bn*

Really? Only £6bn cut from overspending so far and they can better than triple that rate next year? That's a pretty rubbish budget and they have failed to understand austerity IMO. I think that sterling is going to lose it's sterling reputation shortly and the exchange rate will favour those earning here even more.

*Implied.