Oh how I wish I had converted when it was 2.81, is it too to late to
convert from £ pounds to AU dollars? What is the general felling will the
pound ever strengthen against the $. I may need to go ahead and convert
anyway, any suggestion about who to use and how best to go about this?

Regards Roly

In Roly wrote:
    > Oh how I wish I had converted when it was 2.81, is it too to late to
    > convert from £ pounds to AU dollars? What is the general felling will
    > the pound ever strengthen against the $.

It'll almost certainly get back to the 2.80s. When is another
matter, could be tomorrow, could be next year, could be 5 years
from now. Nobody knows.

The Oz dollar's future is determined by men in striped
shirts and red braces in the currency trading markets. They
are the only ones who can force it in one direction or the
other.

Currently, interest rates for Oz dollars are better compared to
other currencies (I'm getting ~4.4% in Oz and ~3.6% in the UK),
that makes A$ attractive. Last I read was that Oz rates will
fall before they rise, which could see people sell A$ and weaken
it back up to where you'd want it.

Advice ? - toss a coin.

    > I may need to go ahead and
    > convert anyway, any suggestion about who to use and how best to go
    > about this?

Have a look at:

http://www.hartill.net/Aus/money.html

Ooo, how's that, AUD is becoming stronger. They had to wait before I move. Ooo, such a pity.

Thirsty for Melbourne and no care for your lost sterlings.... Peter

Hi there,

It isn't that strong as the £ has gained 3 cents on the oz $ in the last few days

When interests rates go up in the UK ''and they will'' watch out rubber dollar ...

Thanks for the advice,

Thinking about it further, I guess another option would be to convert some
now and then some again in a month or two and then the remained when one
feels confident that the rate has improved sufficiently, That way if it
goes up you still have cash to convert at decent rates, if it goes down
well at least you converted before it go too far down! hopefully it will
average out nicely given 6 months with the average rate at about 2.7 ?

Regards Roly



"scoobydooathome" wrote in message
news:[email protected]...
    > Originally posted by Peter Tomo
    > > Ooo, how's that, AUD is becoming stronger. They had to wait before I
    > > move. Ooo, such a pity.
    > >
    > > Thirsty for Melbourne and no care for your lost sterlings.... Peter
    > >
    > Hi there,
    > It isn't that strong as the £ has gained 3 cents on the oz $ in the
    > last few days
    > When interests rates go up in the UK ''and they will'' watch out rubber
    > dollar ...
    >
    > --
    > Posted via http://britishexpats.com

Quick, change some now...........$2.64 at present!!

Sarah

"Roly" wrote in message
news:[email protected]...
    > Oh how I wish I had converted when it was 2.81, is it too to late to
    > convert from £ pounds to AU dollars? What is the general felling will the
    > pound ever strengthen against the $. I may need to go ahead and convert
    > anyway, any suggestion about who to use and how best to go about this?
    > Regards Roly
Hi Roly,

If you're wanting to exchange at the best possible rate, you might like to
consider a Commonwealth Bank Account, that you open here in the UK. They
offer a special type of account for people (either Australian citizens, or
people with Visas) who are moving to Australia.

You can put your ££££s into the account at anytime and either convert into
Australian dollars on a set date, or when the exchange rate reaches a
particular point. Then the money is waiting for you in Australia to collect
from the bank.

For me personally, my husband and I are selling our flat and we hope to get
a decent sum. A small change in the exchange rate will mean a lot of money.
Therefore we are going to request that our money isn't exchanged until the
rate is 2.8 dollars to the pound. We're happy to wait a few months or more
if necessary.

Margot.

I spoke to Halewood International Foreign Exchange (wwwi.hifx.co.uk) on thurs last week and they were suggesting that its likely that there will be another UK interest rates drop by 0.25% within the next couple of months, which would further weaken the pound against the A$.

No that's your lot, it can really only go one way ^^^ and away

In scoobydooathome wrote:
    >
    > Originally posted by tintin
    >> I spoke to Halewood International Foreign Exchange (wwwi.hifx.co.uk)
    >> on thurs last week and they were suggesting that its likely that
    >> there will be another UK interest rates drop by 0.25% within the next
    >> couple of months, which would further weaken the pound against the A$.

In my opinion, predicting the pound against the A$ is daft.
Before you jump in, what I mean by that is what's really
important is the pound v US$ and US$ v A$.

The UK pound may well get an interest rate cut soon, but I've
also read that the US$ rate is heading the same way. There's
also talk of the A$ interest rates coming down soon too. It's
anyone's guess who will jump first.

Now, anyone who says they can predict both UK v US and US v AU
is talking crap. If they had the expertise to predict any better
odds than 50:50 they wouldn't be talking to you (no offence), they'd
be sitting on a private beach somewhere sunny.

As well as interest rates, more important right now is Iraq.
A quick and successful (for the US) war will probably send
oil prices through the floor and world economies will bounce
back in a flash. Aus will benefit because it exports the raw
commodities that other countries turn into goods.

If the war is long and/or messy, oil prices will stay high
or go higher. The US economy will probably suffer badly (you ain't
seen nothin' yet), and the rest of the world will get dragged
down with it, Aus in particular.

Thanks to the differences between US+UK and France+Russia there's
no way of knowing what the hell's gonna happen next. The French hate
the yanks and will do anything to piss them off, the Russians love
high oil prices.

Do you feel lucky punk ?, well do ya ?

Looks like there has been a turn of some sort, as at 13 March 2003 looks
like AUD 2.7 to the Pound, certainly an improvement on what is was a few
days ago. Would I be taking a chance if I put a market order on at 2.75 ?

- Tx Roly


"rob" wrote in message
news:[email protected]...
    > In scoobydooathome wrote:
    > >
    > > Originally posted by tintin
    > >> I spoke to Halewood International Foreign Exchange (wwwi.hifx.co.uk)
    > >> on thurs last week and they were suggesting that its likely that
    > >> there will be another UK interest rates drop by 0.25% within the next
    > >> couple of months, which would further weaken the pound against the A$.

In Roly wrote:
    > Looks like there has been a turn of some sort, as at 13 March 2003
    > looks like AUD 2.7 to the Pound, certainly an improvement on what is
    > was a few days ago. Would I be taking a chance if I put a market
    > order on at 2.75 ?

my crystal ball is broken.

On recent history alone, 2.75 seems more likely than 2.65.

My gut feeling is that this time next week, Saddam Hussein
will be hanging from a rope somewhere and markets will be
rising. That ought to be good news for the Aus economy, but
perhaps not for your exchange rate.

I've covered both options there :-)