Grayling

Bix
If you could predict accurately you would be a rich man.As would we all

G

Bix

Yes, I am

Thomaz

It certainly hasn't been weakening against the $US... only last week it reached a seven year high of +0.80.

Maybe it's as somebody said, due to the expectation of another Bank of England rate rise... mind you the Reserve Bank here are talking bullish about more interest rate rises to come.

I've been in Australia for almost 6 months and still have my money in the UK - I'm one of those people who decided to rent here for a bit whilst waiting for a more favourable exchange rate

When I left in September it was $2.45 and I think if it reaches that next week I will be on the phone to my bank. I will not have gained anything by waiting (actually will have lost a good deal in interest) apart from ulcers and grey hair by constantly (and by that I mean almost every minute of the day!) watching the dollar for last six months

I am not offering advice - I should be the last person to do that anyway - but if you are happy with the current rate (I know, we would all like more) then in order to avoid a good deal of stress, transfer now.

And then stop following the rate.

ABCDiamond

Some previous values of the £ to the A$ are:

Period covered 16 May 1996 - 21 February 2004

High 3.0238 AUD (27 September 2001)
Low 1.8879 AUD (16 May 1996)
The average over the period being : 2.5252 AUD

Andy Pandy

Its on its way down again!!!

Thomaz

Thanks ABC

I saw a similar graph last September but it only covered the last three years and I seem to remember the average was around the $2.70 mark.

I placed a rate watch of $2.52 on my money prior to coming out here so it’s interesting to see that that is the average over an eight year period.

If my money comes through at that rate next week I will be very happy indeed.

Thomaz

Arrrrhhh, just seen Andy Pandys post.

Yes, it's 2.42. I gave up checking it this morning as it hadn't moved from 2.431 for hours.

Who on earth it buying and selling currency on a Sunday?

Andy Pandy

Japan ?

phil02

Do you have the contact details for the HFIX ?
THANKS

Andy Pandy

Tel 01753 859159

[email protected]

www.hifx.co.uk

ABCDiamond

Today 8.15 am
1 British Pound = 2.42241 Australian Dollar
1 Australian Dollar = 0.76990 US Dollar

Friday, February 20, 2004
1 Australian Dollar = 0.79129 US Dollar


I think that 2.5 would be a reasonable rate also. I remember when I first came out, some years ago, I got 2.0 and then it changed to 2.5 when I headed back to UK.

It will be interesting to see what the UK market does today when they wake up. I think I heard someone say that the UK interest rates went up again recently, and I have a "feeling" that the OZ rates will not go up next month.

Thomaz

Hi ABC,

Just checked now and it's down a bit: $2.4152.

UK interest rates did go up - 0.25% I think - last month. The BOE meet a day or so after the Reserve Bank although the exchange rate does not seem to change much immediately after their decision - it's usually the expectation beforehand that causes the movement. Now may be a good time to transfer my money... if only I had the guts

Yes, when I came out here in 1995 for a working holiday I seem to remember getting $2.0. Didn't matter too much then as I was only changing a little.

Glad the weather in Brisbane has cooled a little for you.

Oh well, back to work.