1.93's A$ to the Pound!!!
Sep 18th 2009, 4:00 am
#196
Account Closed
Joined: Jul 2005
Posts: 1,693
Re: 1.93's A$ to the Pound!!!
[/QUOTE]
Not out of the woods yet.
Stimulas at the tills and in housebuilding ending.
No 300 billion debt paid back yet.
Jury out.
Not out of the woods yet.
Stimulas at the tills and in housebuilding ending.
No 300 billion debt paid back yet.
Jury out.
Sep 18th 2009, 4:01 am
#197
Forum Regular
Joined: Feb 2007
Posts: 204
Re: 1.93's A$ to the Pound!!!
was only jokin !yeah good point........less deficit=less tax in the long run i suppose
Sep 18th 2009, 4:38 am
#198
Forum Regular
Joined: Jan 2009
Location: London > Brisbane
Posts: 75
Re: 1.93's A$ to the Pound!!!
I wouldn't be bringing lumps of sterling here at the moment, only what i needed to live on prior to earning A$ (mitigate the risk/loss).
I've been watching the AUS/GBP everyday for the last three years or so and 1.87 is something I never expected to see. Where's it going to stop? Something really wooly (or chinese silky) will have to come out of the closet to upset the A$.
I am tempted to punt my STR fund back (UK) as every fibre in me believes the pound will have to bounce back.. at least to 2.3 (2.6 is too healthy a profit). What's the best rate you can get for cash in the UK at the moment? (or maybe a BTL... don't tell anybody at HPC).
wish i had the balls to play FX
anyway.. long time lurker, but fascinated with this FX stuff
I've been watching the AUS/GBP everyday for the last three years or so and 1.87 is something I never expected to see. Where's it going to stop? Something really wooly (or chinese silky) will have to come out of the closet to upset the A$.
I am tempted to punt my STR fund back (UK) as every fibre in me believes the pound will have to bounce back.. at least to 2.3 (2.6 is too healthy a profit). What's the best rate you can get for cash in the UK at the moment? (or maybe a BTL... don't tell anybody at HPC).
wish i had the balls to play FX
anyway.. long time lurker, but fascinated with this FX stuff
Sep 18th 2009, 4:46 am
#199
Forum Regular
Joined: Feb 2007
Posts: 204
Re: 1.93's A$ to the Pound!!!
I wouldn't be bringing lumps of sterling here at the moment, only what i needed to live on prior to earning A$ (mitigate the risk/loss).
I've been watching the AUS/GBP everyday for the last three years or so and 1.87 is something I never expected to see. Where's it going to stop? Something really wooly (or chinese silky) will have to come out of the closet to upset the A$.
I am tempted to punt my STR fund back (UK) as every fibre in me believes the pound will have to bounce back.. at least to 2.3 (2.6 is too healthy a profit). What's the best rate you can get for cash in the UK at the moment? (or maybe a BTL... don't tell anybody at HPC).
wish i had the balls to play FX
anyway.. long time lurker, but fascinated with this FX stuff
I've been watching the AUS/GBP everyday for the last three years or so and 1.87 is something I never expected to see. Where's it going to stop? Something really wooly (or chinese silky) will have to come out of the closet to upset the A$.
I am tempted to punt my STR fund back (UK) as every fibre in me believes the pound will have to bounce back.. at least to 2.3 (2.6 is too healthy a profit). What's the best rate you can get for cash in the UK at the moment? (or maybe a BTL... don't tell anybody at HPC).
wish i had the balls to play FX
anyway.. long time lurker, but fascinated with this FX stuff
ive been thinkin the same way myself ! i just cant make my mind up what the hell to do with my dosh 
...............so much uncertainty,house prices here,exchange rates going mad ............ i too have small balls
sometimes i`m bullish ,then i`m bearish..............its a bloody nightmare !!
Sep 18th 2009, 4:49 am
#200
Forum Regular
Joined: Jan 2009
Location: London > Brisbane
Posts: 75
Re: 1.93's A$ to the Pound!!!
we're talkin' to Nigel right ?
Sep 18th 2009, 4:52 am
#201
Just Joined
Joined: Sep 2007
Posts: 5
Re: 1.93's A$ to the Pound!!!
You could also lose a few hundred quid a week.
People on here have been trying to play the game and stating that the Au $ will go to $2.4 - 2.5 to the £ ( at the time it was 2.10 )
Its now sub 2.0, so those people would have lost quite a lot playing the money market
Stu
People on here have been trying to play the game and stating that the Au $ will go to $2.4 - 2.5 to the £ ( at the time it was 2.10 )
Its now sub 2.0, so those people would have lost quite a lot playing the money market
Stu
saw it go as low as 1.9250 in last couple of days!!
1.96+ and I'm in the money so come on, up you go!
looks like a september crash in the US stockmarkets due again (of what size who knows) and that always helps the pound as the AUD becomes weaker against the USD when stockmarkets retreat.
China stockmarket also crashing (lost 7% on Monday and over 22% throughout August!) and September may lose another 25% I read today. So Americans likely to not buy increased products from China for some time now which means China recovery not looking too hot again as means less need for commodities to make products which hurts Australian overseas sales.
Bit of a vicious circle forming like last Autumn again!???
http://britishexpats.com/forum/showt...=1#post7941482
Sep 18th 2009, 4:58 am
#202
Forum Regular
Joined: Jan 2009
Location: London > Brisbane
Posts: 75
Re: 1.93's A$ to the Pound!!!
Who are you paying $1.95 to, are we talking A$/GBP??
XE currently has the A$ buying GBP at 1.88, from memory they transfer at spot rate plus 0.5% (must look up my spreadsheets).. no where near 1.95.
it's a slow day at home today.
XE currently has the A$ buying GBP at 1.88, from memory they transfer at spot rate plus 0.5% (must look up my spreadsheets).. no where near 1.95.
it's a slow day at home today.
Sep 18th 2009, 5:00 am
#203
Account Open
Joined: Jan 2005
Location: Brisbane
Posts: 4,298
Re: 1.93's A$ to the Pound!!!
I think maria123 might be confusing the spot rate with the buy/sell spread.
Sep 18th 2009, 4:38 pm
#205
BE Enthusiast
Thread Starter
Joined: Jun 2008
Posts: 730
Re: 1.93's A$ to the Pound!!!
Nearly tipped down into the 1.86's today!!!!!!!!
It has now hit slightly lower than the last level around here in 1996 - before that you have to back to 1985 for these levels!
Why did I choose this year to go to Oz??
It has now hit slightly lower than the last level around here in 1996 - before that you have to back to 1985 for these levels!
Why did I choose this year to go to Oz??
Sep 18th 2009, 5:45 pm
#206
Banned
Joined: Aug 2007
Posts: 375
Re: 1.93's A$ to the Pound!!!
Has anyone got any links to archived data sheets showing the GBP versus AUD going back to the 70's, i can only get a chart going back to 96.
Sooty
Sooty
Sep 18th 2009, 5:57 pm
#207
BE Enthusiast
Thread Starter
Joined: Jun 2008
Posts: 730
Re: 1.93's A$ to the Pound!!!
I use the 30 years chart at http://mbt.tradesecuring.com/Misc/promoChart.asp?df=mbt
Just depressed myself by realising that last Oct spike hit nearly 2.70 so we aint far off a full $ per £ difference!!!! I could buy a house for cash with that difference in South Australia or an Aston Martin!!!! Of ****!
I feel like the unluckiest person in the world at the mo and I shouldn't with such a good nest egg! Exchange rates are cruel when you hold £'s at the moment!
Sep 18th 2009, 6:04 pm
#208
Ping-ponging Pom
Joined: Nov 2005
Location: Midlands - Brissy - Midlands - Brissy
Posts: 355
Re: 1.93's A$ to the Pound!!!
The joy of having money to bring back! 
Sep 18th 2009, 6:14 pm
#209
BE Enthusiast
Thread Starter
Joined: Jun 2008
Posts: 730
Re: 1.93's A$ to the Pound!!!
Get it sent back then without hesitation! These threads are full of people beating themselves up for not sending £'s to Oz last Oct when the boot was on the other foot (me being one of them!)
Anyone with $'s to send to £'s but not jumping on this could be those kicking themselves next year!
In an ideal world we would have a constant roller coaster that way expats moving in both directions would get their chance but this ain't no ideal world!!!
Anyone with $'s to send to £'s but not jumping on this could be those kicking themselves next year!
In an ideal world we would have a constant roller coaster that way expats moving in both directions would get their chance but this ain't no ideal world!!!
Sep 18th 2009, 6:26 pm
#210
Ping-ponging Pom
Joined: Nov 2005
Location: Midlands - Brissy - Midlands - Brissy
Posts: 355
Re: 1.93's A$ to the Pound!!!
Having used the fluctuations in currency to our favour and not being greedy, then we've managed to recoup some of the financial losses made in our moves to and from Oz.
Having watched so many previous threads of people hanging out for rates they want and then complain when it doesn't go their way I do wonder why they just didn't do what we did and just get on with it when the rates were at a good level.
This is not a dig at those now looking into a financial hole, I'm just looking from our point of view and why I'm pleased with how we recouped some cash.
Having watched so many previous threads of people hanging out for rates they want and then complain when it doesn't go their way I do wonder why they just didn't do what we did and just get on with it when the rates were at a good level.
This is not a dig at those now looking into a financial hole, I'm just looking from our point of view and why I'm pleased with how we recouped some cash.
