***EXCHANGE RATE***
Aug 16th 2007, 12:45 pm
#1
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Thread Starter
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Location: Victoria
Posts: 277
***EXCHANGE RATE***
Just to let everyone know the GBP to AUD exchange rate has just collapsed to 2.5174 which is the rate i just got from ozforex.com.au, thats a change of 13c on last night, i dont think it will stay there when markets open on wall street so i just bought £500 (all i had available) but anyone looking at buying in advance of a house sale might want to take a look - ozforex need a 5% deposit on advanced sales
hope this helps
Robert
hope this helps
Robert
Aug 16th 2007, 2:53 pm
#2
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Re: ***EXCHANGE RATE***
If only I could get a rate from Ozforex... every time I try it says "OzForex rates are live and continually being updated. You have requested a rate for a currency which is currently in the process of updating". I think I'll take it as a sign (or use HiFX!).
Aug 16th 2007, 3:41 pm
#3
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Joined: Jan 2005
Location: The Shoalhaven, New South Wales, Australia
Posts: 11,056
Re: ***EXCHANGE RATE***
Yea - got an email from 'em earlier which said ...
Exchange rates are currently moving very rapidly due to credit market problems in the US, which have spilled over into share-markets and currency markets.
In less than 2 weeks the GBP/AUD rate has gone from a low of around 2.31 to its current level 2.4650 (interbank).
Similar gains have occurred against the NZ$ with the latest rate of 2.8770, 13% higher than its low point of 2.55.
It's difficult to forecast direction from here because of the extreme volatility we are witnessing in the markets. Sentiment suggests more weakness for the Aussie and Kiwi but it is highly dependent on share-markets continuing to fall. The GBP/AUD should initially struggle to break through the 2.5000 level where sellers are lined up.
All of which was handy as we were bringing over five grand and made an extra $865 on the deal... In less than 2 weeks the GBP/AUD rate has gone from a low of around 2.31 to its current level 2.4650 (interbank).
Similar gains have occurred against the NZ$ with the latest rate of 2.8770, 13% higher than its low point of 2.55.
It's difficult to forecast direction from here because of the extreme volatility we are witnessing in the markets. Sentiment suggests more weakness for the Aussie and Kiwi but it is highly dependent on share-markets continuing to fall. The GBP/AUD should initially struggle to break through the 2.5000 level where sellers are lined up.
Aug 16th 2007, 4:33 pm
#4
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Joined: Dec 2004
Location: Tapping (Perth)
Posts: 2,619
Re: ***EXCHANGE RATE***
Ys, we're very pleased as well. Just exchanged a large chunk with HiFX for AUSD2.5. Hope it's still the same when we sell the house.
Gina
Gina
Aug 16th 2007, 4:36 pm
#5
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Joined: Mar 2007
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Posts: 417
Re: ***EXCHANGE RATE***
Yea - got an email from 'em earlier which said ...
Exchange rates are currently moving very rapidly due to credit market problems in the US, which have spilled over into share-markets and currency markets.
In less than 2 weeks the GBP/AUD rate has gone from a low of around 2.31 to its current level 2.4650 (interbank).
Similar gains have occurred against the NZ$ with the latest rate of 2.8770, 13% higher than its low point of 2.55.
It's difficult to forecast direction from here because of the extreme volatility we are witnessing in the markets. Sentiment suggests more weakness for the Aussie and Kiwi but it is highly dependent on share-markets continuing to fall. The GBP/AUD should initially struggle to break through the 2.5000 level where sellers are lined up.
All of which was handy as we were bringing over five grand and made an extra $865 on the deal... In less than 2 weeks the GBP/AUD rate has gone from a low of around 2.31 to its current level 2.4650 (interbank).
Similar gains have occurred against the NZ$ with the latest rate of 2.8770, 13% higher than its low point of 2.55.
It's difficult to forecast direction from here because of the extreme volatility we are witnessing in the markets. Sentiment suggests more weakness for the Aussie and Kiwi but it is highly dependent on share-markets continuing to fall. The GBP/AUD should initially struggle to break through the 2.5000 level where sellers are lined up.
Aug 16th 2007, 4:43 pm
#6
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Joined: May 2007
Posts: 314
Re: ***EXCHANGE RATE***
oh...I wish I had a Crystal Ball! We wont be selling our house 'till around April 2008. We have kind of worked it out that it aint worth selling our house early to get a perceived better rate...just as long as house prices continue to rise...
A+H
x
A+H
x
Aug 16th 2007, 4:43 pm
#7
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Joined: Dec 2006
Location: Chelmer and Coolangatta
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Re: ***EXCHANGE RATE***
OMG I just saw this...and I haven't opened a bank account yet!
Can I save the new rate in any way? I might have seen something along those lines somewhere.
I MUST get myself organised
I MUST get myself organised...
Can I save the new rate in any way? I might have seen something along those lines somewhere.
I MUST get myself organised
I MUST get myself organised...
Aug 16th 2007, 4:46 pm
#8
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Location: Adelaide
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Re: ***EXCHANGE RATE***
How does that site work? It all looks very complicated. Do you need an Ozzie account to put the money into?
Aug 16th 2007, 4:58 pm
#9
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Location: Adelaide
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Re: ***EXCHANGE RATE***
Ignor my question, I have seen the answer on another post. But one other question, what bank accounts can you open from the UK?
Thanks
Thanks
Aug 16th 2007, 5:17 pm
#10
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Posts: 2,322
Re: ***EXCHANGE RATE***
wow!!It was only a month or so ago that it was at 2.25 - that's some movement...
If only our house was sold i would be tempted for sure...
Aug 16th 2007, 5:40 pm
#11
you lucky, lucky b'stard!
Joined: Aug 2006
Location: Secret Harbour
Posts: 381
Re: ***EXCHANGE RATE***
it is now 2.52
and considering i got 2.36 just a week ago
more on it's way
and considering i got 2.36 just a week ago
more on it's way
Aug 16th 2007, 5:53 pm
#12
Going going.........
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Aug 16th 2007, 6:21 pm
#13
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Re: ***EXCHANGE RATE***
I just seen this on the news. Unfortunatley i dont have the money to exchange right now but you lot have had me in stitches 
Does anyone know what the implications of todays stock market probems is going to have on us tryign to sell houses
Im really dim when it comes to this kinda stuff 
Does anyone know what the implications of todays stock market probems is going to have on us tryign to sell houses
Im really dim when it comes to this kinda stuff
Aug 16th 2007, 6:27 pm
#14
Here at last!
Joined: Jan 2007
Location: Perth
Posts: 1,635
Re: ***EXCHANGE RATE***
I just seen this on the news. Unfortunatley i dont have the money to exchange right now but you lot have had me in stitches
Does anyone know what the implications of todays stock market probems is going to have on us tryign to sell houses Im really dim when it comes to this kinda stuff
Does anyone know what the implications of todays stock market probems is going to have on us tryign to sell houses
Im really dim when it comes to this kinda stuff
