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1.93's A$ to the Pound!!!

1.93's A$ to the Pound!!!

Old Feb 28th 2010, 10:54 am
  #1336  
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Default Re: 1.69 to the pound!!!!

Thanks so much.. I had not considered that.. it is over £8,000.. so do you reckon it will be in my favour to put it in an account here then?
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Old Feb 28th 2010, 10:57 am
  #1337  
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Default Re: 1.69 to the pound!!!!

1,000 GBP at the current rate would get you 1,663.30 AUD after fees, at this moment, at Currency online ie: 1.663

or

100,000 GBP at the current rate would get you 167,770 AUD after fees, at this moment, at Currency online ie: 1.677

So a £1,000,000 win on Ernie is now worth $1.68m, instead of the $2.89m that it would have been worth a few years ago

Knowing my luck I will win it today, instead of back in 2003
 
Old Feb 28th 2010, 11:04 am
  #1338  
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Default Re: 1.69 to the pound!!!!

Thanks so much for your help..looks like I will have to go into my bank and see how much interest I can earn..lol
Yes I too won on Ernie.. but I had to sell my bonds as they are no good over here..or are they??
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Old Feb 28th 2010, 11:33 am
  #1339  
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Default Re: 1.69 to the pound!!!!

Originally Posted by ABCDiamond
So a £1,000,000 win on Ernie is now worth $1.68m, instead of the $2.89m that it would have been worth a few years ago
...which is of course taxable in Australia. So worth even less than $1,68m
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Old Feb 28th 2010, 11:44 am
  #1340  
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Default Re: 1.69 to the pound!!!!

Originally Posted by renth
...which is of course taxable in Australia. So worth even less than $1,68m
And that will only buy you a half decent house in Sydney
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Old Feb 28th 2010, 1:34 pm
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Default Re: 1.69 to the pound!!!!

Originally Posted by bluebird121
I am expecting a bankers draft..in Pounds.. but the thing is that I will lose so much converting it into dollars..I have no bank account in the UK now .. but will be going there for three weeks in June. What I wanted to ask is.. could I open a UK account.. How do I do it over here? Or do you think I should wait until I go over and open an account then.. It will make it easier foe me to pay for hotel etc as I have no idea how much I will need and do not want to take too many pounds..as will have to change them back again when I get back..anyone??

I stupidly closed my uk bank acct when I left We were back over at xmas, tried HSBC and enquired at other banks. NO WAY without an address, or employer and proof such as lease, mortage docs.

HSBC had assured us we would be OK as we had 3 years banking history in OZ, the application went in and it was refused.

We came back and had to pay $200 for them to do it here, amazingly once we paid the dosh it was approved in 2 weeks.

Unless someone will act as your landlord or employer I would guess it might not be easy. Either that or I look like a terrorist or drug baron
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Old Feb 28th 2010, 1:52 pm
  #1342  
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Default Re: 1.69 to the pound!!!!

Originally Posted by ABCDiamond
1,000 GBP at the current rate would get you 1,663.30 AUD after fees, at this moment, at Currency online ie: 1.663

or

100,000 GBP at the current rate would get you 167,770 AUD after fees, at this moment, at Currency online ie: 1.677

So a £1,000,000 win on Ernie is now worth $1.68m, instead of the $2.89m that it would have been worth a few years ago

Knowing my luck I will win it today, instead of back in 2003
I'd still welcome the win !!!!!!
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Old Feb 28th 2010, 2:11 pm
  #1343  
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Default Re: 1.69 to the pound!!!!

Originally Posted by bluebird121
Yes I too won on Ernie.. but I had to sell my bonds as they are no good over here..or are they??
You can still have them even though resident here. But any winnings, as renth says, are taxable.

Looking at the prize winners listings, on the Premium Bond website, I do see the odd winner whose address is shown as Australia. No doubt the ATO will keep tabs on those ones too....
 
Old Feb 28th 2010, 6:02 pm
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Default Re: 1.69 to the pound!!!!

Originally Posted by Ianevs
I was going to put an order in tomorrow with moneycorp at 1.70!!!!
might fall further if interest rates go up in OZ .SSSHHHH!!!!!!!!TTTTT
You got a deal then because its 1.68 at the moment and falling
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Old Feb 28th 2010, 6:05 pm
  #1345  
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Default Re: 1.69 to the pound!!!!

Originally Posted by Centurion
You got a deal then because its 1.68 at the moment and falling
bloody hell
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Old Feb 28th 2010, 6:28 pm
  #1346  
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Default Re: 1.69 to the pound!!!!

Originally Posted by jad n rich
UK was super mega cheap at xmas time, now it looks like I might need to go again.

About time the aussie runt currency got some balls.
Why do you trot out these childish names for the Aussie Dollar?
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Old Feb 28th 2010, 7:07 pm
  #1347  
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Default Re: 1.93's A$ to the Pound!!!

1.68.5 at the start of Monday - apparently down to Labour doing better in the polls.
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Old Feb 28th 2010, 7:38 pm
  #1348  
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by freebo
1.68.5 at the start of Monday - apparently down to Labour doing better in the polls.
Definate parityif those buffoons win.
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Old Feb 28th 2010, 8:08 pm
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by mindblower
Definate parityif those buffoons win.
I looked on betfair yesterday and Lab are 15/1 to win, a brave person could hedge GBP vs Lab win!

Tories are favs but a hung parliament a close 2nd, no overall result would be the worst possible outcome, both for the pound and the UK as a whole.
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Old Feb 28th 2010, 10:29 pm
  #1350  
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Default Re: 1.69 to the pound!!!!

Originally Posted by DownUnderPaddy
Interest rate rise is pretty much a given.....
http://www.news.com.au/money/interes...-1225835432664

....and a continuing drop in the GBP/AUD rate is most likely also as the selloff in Sterling continues.

Expected Forex range today in the GBP/AUD rate of 1.6900 to 1.7075
http://ibtimes.com.au/articles/20100...x-forecast.htm
Jeez....what an absolute HAMMERING !
down to 1.668

http://www.propertywire.com/news/cur...003013922.html

"The markets showed sterling exactly what they thought about another 5 years of a Labour government as the prospect of a hung parliament loomed closer and confidence in the UK currency evaporated"

"The Aussie dollar has continued its surge in the currency markets and looks set to continue as the Aussie currency hits multi-year highs against an under pressure pound, breaking under the AUS$1.69 level"
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