[flodsfive]

Originally Posted by BATS666 the ozforex site shows the interbank lending rate as well as the rate they offer you.

Yes it does. However, I did find I could get a better rate by phoning up initially and haggling a bit, then once it was set we could do it on line.

I must admit personally I wanted to speak to somebody initially, to get better understanding of the various options.

[BATS666]

Originally Posted by flodsfive Yes it does. However, I did find I could get a better rate by phoning up initially and haggling a bit, then once it was set we could do it on line. I must admit personally I wanted to speak to somebody initially, to get better understanding of the various options.

thanks for that. I'll phone next time !

[chilliman]

Looks like we missed the boat with the way the rates going now

[AndyR]

Originally Posted by chilliman Looks like we missed the boat with the way the rates going now

Yep, typical eh! I joined up with the 3 main currency companies and now they won't stop bloomin hassling me to change some funds! Grrrrrr...

[chilliman]

Originally Posted by AndyR Yep, typical eh! I joined up with the 3 main currency companies and now they won't stop bloomin hassling me to change some funds! Grrrrrr...

Been there before, it's easy to make a quick decision then have regrets. Oh well at least the rates better than it was, still watching for another bounce!?

[Twinset]

Yeah, just wait til you get put through to their dealing team........good salesmen (and women!!)

[foreveryoung1]

How far back does everyone think it will fall.

I was hoping for a median on the graph at about 2.40 with it going up and down 10 cents either side of it.

I'm a bit worried now that the big jump up to 2.60 was an over reaction and it could settle a lot lower than 2.40.

Having spent the day studying the uk/aus bank reports from this months meetings and any thread on anything to do with exchange rates i reached crystal ball time.

I had thought the next turning point might be next months bank meetings and as the aus one is 2 days earlier a short window(not one to jump from) might open.

Question is who will lower their base rate the most and what effect will it have on the money markets,crystal ball time again? or shall i throw it through that window?

[Twinset]

Originally Posted by foreveryoung1 Having spent the day studying the uk/aus bank reports from this months meetings and any thread on anything to do with exchange rates i reached crystal ball time. I had thought the next turning point might be next months bank meetings and as the aus one is 2 days earlier a short window(not one to jump from) might open. Question is who will lower their base rate the most and what effect will it have on the money markets,crystal ball time again? or shall i throw it through that window?

I wish I knew, then I would be rather richer than I am now........

Still think that in a recession, most things revert to what they once were (e.g. Iceland banking superpower? I think not.....), so my vote is higher....maybe.....then maybe not - still think the story has a long way to go....

[chilliman]

http://www.theaustralian.news.com.au...018001,00.html

More rate cuts on the way but looks like may not be as quick as thought!??

But then again ...

http://www.abc.net.au/news/stories/2...ction=business

[Safin]

God I am glad I caught the last spike instead of making kids packed lunches!!!

BUT we still have house money to move early next year so I am still there watching and waiting and chanting the mantra.....trying to get what I can in place for the next rate cut opportunity next month...

[sharonmcallister]

so do you think the exchange rate will go back up?

Sharon

[Safin]

Originally Posted by sharonmcallister so do you think the exchange rate will go back up? Sharon

yeah I do, but then I know nothing so don't listen to me

[foreveryoung1]

So much seems to hinge on the next moves by the central banks.

As there seems to be no clear picture yet from any of the press reports in either uk or aus we will have to wait until early next month.

The indicators seemed to be that the uk intend to lower by either a quarter or half percent and aus half.

If aus lowers first by half will that spark the currency movement or will it occur if the uk only lower by a quarter?

The uk is in recession and aus is trying to avoid it.

It still doesn't tell me where the exchange rate is going? But at least we now have some guidelines.

[swigski]

I have been reading this site for about a year. During this time, the U.K. and U.S.A.'s banking systems nearly collapsed causing what we know as the 'credit crunch'. I have read so many posts from people proclaiming to know it all, stating that Aus would not suffer for various reasons and not to ever expect the exchange rate to go up to 2.5 again.

It now seems that we are indeed in a GLOBAL 'credit crunch' and we are ALL suffering. Having been in Aus last month it seems to me that it is however only just starting to bite down there.

Think this just goes to show that no-one can safely predict what will happen but if I were a gambling man, I would predict that the interest rates in Aus will fall by a greater % than in the U.K. because they are that much higher making the pound stronger.

But then again, maybe I'm just one of those people proclaiming to know it all!!

[datamile]

AUD/USD just went over the edge .. 63c,,, GBP/AUD back to 2.5