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1.93's A$ to the Pound!!!

1.93's A$ to the Pound!!!

Old Jan 5th 2010, 10:08 pm
  #1036  
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by beachlou
That is Ozforex!!
Well under customer rates at the moment it says 1.7311 for a 5000GBP transfer upto 1.74+ for larger amounts. US DOLLAR says 1.5793...is that where you're looking!?
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Old Jan 5th 2010, 10:11 pm
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by DownUnderPaddy
1.75 this morning

Yes, that's because I bought some pounds yesterday at AU$1 = 55p.

Grrrr...


S
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Old Jan 5th 2010, 10:13 pm
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by bcworld
Well under customer rates at the moment it says 1.7311 for a 5000GBP transfer upto 1.74+ for larger amounts. US DOLLAR says 1.5793...is that where you're looking!?
I'm signed into my account, got a quote and it's coming up at 1.58. That's Oz dollars not US. It keeps jumping around.
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Old Jan 7th 2010, 3:53 am
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Default Re: 1.93's A$ to the Pound!!!

Spot rate at the moment is 1.7356. Will the pound keep moving downwards v the AUD ? Surely not.

Can anyone remember it ever being this low?


edit - just checked the RBA website, GBP/AUD hasn't reached this level for nearly 25yrs.

Last edited by asprilla; Jan 7th 2010 at 3:59 am.
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Old Jan 7th 2010, 4:12 am
  #1040  
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Default Re: 1.93's A$ to the Pound!!!

There is a feature on it The Age online:

http://www.theage.com.au/business/ma...0107-lvrw.html


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Old Jan 7th 2010, 4:44 am
  #1041  
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Default Re: 1.93's A$ to the Pound!!!

Hmmm I think I will buy that book from the Book repository right now...
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Old Jan 7th 2010, 6:56 am
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by asprilla
Spot rate at the moment is 1.7356. Will the pound keep moving downwards v the AUD ? Surely not.
why not ? it is a simple mechanism in fairness. uk economy continues to weaken in relation to an increasingly strengthening oz economy. result : gbp buys you less and less aussie bucks. no different to trading on the stock market. cycles happen. things go down as well as up. it is really that simple no matter how much those among us may want to over analyse it !
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Old Jan 7th 2010, 7:15 am
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by DownUnderPaddy
why not ? it is a simple mechanism in fairness. uk economy continues to weaken in relation to an increasingly strengthening oz economy. result : gbp buys you less and less aussie bucks. no different to trading on the stock market. cycles happen. things go down as well as up. it is really that simple no matter how much those among us may want to over analyse it !
Makes me wonder what Australia did wrong between 1985 uptil recently.

Or.... what did Aus do right pre 1985 ?

Anyone know the average over the years the currencies have been measured against one another ?
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Old Jan 7th 2010, 8:09 am
  #1044  
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by DownUnderPaddy
why not ? it is a simple mechanism in fairness. uk economy continues to weaken in relation to an increasingly strengthening oz economy. result : gbp buys you less and less aussie bucks. no different to trading on the stock market. cycles happen. things go down as well as up. it is really that simple no matter how much those among us may want to over analyse it !
True, Gordon Brown is printing cash like a maniac in order to try to win the next election. There can only be one result to this - a weak pound and inflation.
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Old Jan 7th 2010, 8:54 pm
  #1045  
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Default Re: 1.93's A$ to the Pound!!!

be a $1.50 to the pound by july . great for them returning
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Old Jan 7th 2010, 10:15 pm
  #1046  
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by DownUnderPaddy
why not ? it is a simple mechanism in fairness. uk economy continues to weaken in relation to an increasingly strengthening oz economy. result : gbp buys you less and less aussie bucks. no different to trading on the stock market. cycles happen. things go down as well as up. it is really that simple no matter how much those among us may want to over analyse it !
Yes, its very simple. And quantum physics is very simple too - atoms are just made up of little tiny spinning charged bits. And sometimes they are there, and sometimes they aren't.

In reality, exchange rate movements are extremely complex. The strength of the underlying economy is an important factor, but not the only one. Same story with shares.

If only it was as simple as you suggest...
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Old Jan 7th 2010, 10:20 pm
  #1047  
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by king kong
be a $1.50 to the pound by july . great for them returning
Returning to what but?
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Old Jan 7th 2010, 11:09 pm
  #1048  
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by WillBlack
Returning to what but?
I think he means returning to the UK from Australia
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Old Jan 7th 2010, 11:23 pm
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by cj321
I think he means returning to the UK from Australia
OH:
Attached Thumbnails 1.93's A$ to the Pound!!!-uk-what.bmp  
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Old Jan 7th 2010, 11:26 pm
  #1050  
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Default Re: 1.93's A$ to the Pound!!!

The poor exchange rate is more to do with the Australian Dollar than Sterling.

The Australian Dollar is almost equal to one US Dollar now and typically the £/US$ excahnge rate has always been about 1.60ish. Only a year or so ago did it temporarily hit the carzy heights of £1 = US$2.
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