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Search: Posts Made By: OzTennis
Showing results 1 to 25 of 31
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Forum: Australia
Oct 30th 2016, 12:55 pm
Replies: 453
Views: 95,965
Posted By OzTennis

Re: Exchange rate AUD Vs GBP £1 buys $1.83

Been dealing much longer, did a big one at $3.026 when the pound was worth nearly twice what it is now. As you say it is difficult with the timing of a transfer sometimes as you have to exchange and...
Forum: Australia
Oct 30th 2016, 11:52 am
Replies: 453
Views: 95,965
Posted By OzTennis

Re: Exchange rate AUD Vs GBP £1 buys $1.83

Looking at the bigger picture and not just how CBA does on FX - all banks are not the same; Australian banks are the most profitable of any developed country over the last 5 years (only some banks in...
Forum: Australia
Oct 30th 2016, 8:48 am
Replies: 453
Views: 95,965
Posted By OzTennis

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.
Forum: Australia
Oct 29th 2016, 1:14 pm
Replies: 453
Views: 95,965
Posted By OzTennis

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...
Forum: Australia
Oct 7th 2016, 12:38 pm
Replies: 453
Views: 95,965
Posted By OzTennis

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.
Forum: Australia
Oct 7th 2016, 9:04 am
Replies: 453
Views: 95,965
Posted By OzTennis

Re: Exchange rate AUD Vs GBP £1 buys $1.83

1 You claimed that foreigners buying up property immediately post Brexit was evidence that the economy wasn't adversely affected by the referendum result (I said that it was opportunism, buying up...
Forum: Australia
Oct 7th 2016, 7:31 am
Replies: 453
Views: 95,965
Posted By OzTennis

Re: Exchange rate AUD Vs GBP £1 buys $1.83

Buy some UK property eh?;)

The plunge coincided with Hollande's comment that the EU should take a tough stance on Brexit. Cause and effect or just coincidence. Gove/Johnson/Farage called talk of...
Forum: Australia
Aug 14th 2016, 8:24 am
Replies: 453
Views: 95,965
Posted By OzTennis

Re: Exchange rate AUD Vs GBP £1 buys $1.83

Some of us don't have a Melbourne or a UK mortgage and can move liquid assets according to prevailing interest rates and exchange rates if desired. Always win win from a personal perspective. ;)
Forum: Australia
Aug 13th 2016, 9:14 am
Replies: 453
Views: 95,965
Posted By OzTennis

Re: Exchange rate AUD Vs GBP £1 buys $1.83

Brexiters will tell you the interest rate reduction, the fall in the currency, the larger than expected QE by the BofE (who have now factored recession into their policies), the fall in business...
Forum: Australia
Aug 12th 2016, 9:00 am
Replies: 453
Views: 95,965
Posted By OzTennis

Re: Exchange rate AUD Vs GBP £1 buys $1.83

Probably most unlikely that it will get to the $1 = 0.65p/£1 = $1.53 mark. The forecasts I've read have suggested mid $1.60's 2nd half of 2016, if RBA don't reduce I/R's further as expected. e.g.
...
Forum: Australia
Aug 11th 2016, 10:36 am
Replies: 453
Views: 95,965
Posted By OzTennis

Re: Exchange rate AUD Vs GBP £1 buys $1.83

The best laid plans of mice and men and all that. Sometimes it is more to do with what happens elsewhere. There's more downside pressure on Sterling and I/R's in the UK were cut before RBA did...
Forum: Australia
Oct 12th 2015, 7:58 am
Replies: 453
Views: 95,965
Posted By OzTennis

Re: Exchange rate AUD Vs GBP £1 buys $1.83

The trend of the last year or so appears (in the short to medium term anyway) to be reversing. Today the rate is in the $2.08's. What's happening in Australia on interest rates compared to what is...
Forum: Australia
Aug 26th 2015, 7:25 am
Replies: 453
Views: 95,965
Posted By OzTennis

Re: Exchange rate AUD Vs GBP £1 buys $1.83

Umm I changed Jack and Jill's direction because the markets went down and not up.
Forum: Australia
Aug 26th 2015, 7:24 am
Replies: 453
Views: 95,965
Posted By OzTennis

Re: Exchange rate AUD Vs GBP £1 buys $1.83

? They reported the losses and the gains in monetary terms and as a %. It seems you want them to say the market went up, not quantify it and never report losses? Financial reporters will report...
Forum: Australia
Aug 25th 2015, 1:40 pm
Replies: 453
Views: 95,965
Posted By OzTennis

Re: Exchange rate AUD Vs GBP £1 buys $1.83

I bet your MBA teachers are purring with delight at that insightful Jack and Jill analysis. :rofl:

BHP Billiton posted it's worst profits since 2004 on the same day you reckon it was just Jack and...
Forum: Australia
Aug 25th 2015, 7:46 am
Replies: 453
Views: 95,965
Posted By OzTennis

Re: Exchange rate AUD Vs GBP £1 buys $1.83

You want the Treasurer to say it's a crisis, let's panic?

Fwiw it is also being called a correction in the UK and the USA. i.e. a correction to the western world relying on double digit growth...
Forum: Australia
Jul 29th 2015, 7:42 am
Replies: 453
Views: 95,965
Posted By OzTennis

Re: Exchange rate AUD Vs GBP £1 buys $1.83

And perhaps you could be over estimating the effect of the Dow Jones on the AUD/STG exchange rate?

(this is not directed at you but just general comments). As we are all aware there are many,...
Forum: Australia
Jul 28th 2015, 7:24 am
Replies: 453
Views: 95,965
Posted By OzTennis

Re: Exchange rate AUD Vs GBP £1 buys $1.83

Good advice, you'll get a much better rate from another bank.

They do a good advert though: https://www.youtube.com/watch?v=f6eZ3WQCjhA
Forum: Australia
Jul 27th 2015, 12:56 pm
Replies: 453
Views: 95,965
Posted By OzTennis

Re: Exchange rate AUD Vs GBP £1 buys $1.83

For what it's worth this series of forecasts from the main financial instutions might be of use. The usual disclaimer that exchange rates can go up or down and your money might be at risk so seek...
Forum: Australia
Jul 6th 2015, 8:25 am
Replies: 453
Views: 95,965
Posted By OzTennis

Re: Exchange rate AUD Vs GBP £1 buys $1.83

Note that the talk is now that the RBA won't reduce but rather increase interest rates which will have a likely effect of strengthening the dollar. Markets had been factoring in possible interest...
Forum: Australia
Jun 28th 2015, 4:51 pm
Replies: 453
Views: 95,965
Posted By OzTennis

Re: Exchange rate AUD Vs GBP £1 buys $1.83

In a few months time we'll see if you are correct. ;)

Australian Dollar Forecast | Currency Experts views and opinions for the Australian Dollar against major currencies...
Forum: Australia
Jun 19th 2015, 12:46 pm
Replies: 453
Views: 95,965
Posted By OzTennis

Re: Exchange rate AUD Vs GBP £1 buys $1.83

Interest rates, like exchange rates fluctuate. If the economy is stagnating and growth stuttering and unemployment rising then it's standard (Keynesian) policy to cut interest rates to stimulate the...
Forum: Australia
Jun 18th 2015, 4:13 pm
Replies: 453
Views: 95,965
Posted By OzTennis

Re: Exchange rate AUD Vs GBP £1 buys $1.83

Right, make it happen. :rofl:
Forum: Australia
Jun 18th 2015, 12:54 pm
Replies: 453
Views: 95,965
Posted By OzTennis

Re: Exchange rate AUD Vs GBP £1 buys $1.83

Ok, then say neutral if that's what you mean. Equilibrium, fair and about right are often bandied terms in the wildly fluctuating world of exchange rates. I've seen $1.33 and $3.04sh in my time and...
Forum: Australia
Jun 18th 2015, 11:38 am
Replies: 453
Views: 95,965
Posted By OzTennis

Re: Exchange rate AUD Vs GBP £1 buys $1.83

'The equilibrium level'? Todays' rate is the highest for the pound since August 2009 and $2.40 was last seen in September 2007 so how's $2.40 any sort of equilibrium? Exchange rates fluctuate, pure...
Showing results 1 to 25 of 31
 
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