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1.93's A$ to the Pound!!!

1.93's A$ to the Pound!!!

Old Mar 1st 2010, 8:47 pm
  #1366  
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by commonwealth
weaker GBP is good news to UK exporters as it makes their products cheaper and more competitive in international trade. in some other countries their governments deliberately devalue their currencies to achieve same effect.
Look, I hate to tell you, but that thinking is really out of whack. What manufacturing items do we make from raw materials found in the UK? All manufacturing relies on the global market and therefore costs additional in conversion from one currency to another. Add in ridiculous costs for UK fuel and the insistence of foreign markets to buy in the cheapest currency and it costs more all round. Also remember that most retail products are also imported and it us poor consumers that are getting hit again!
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Old Mar 1st 2010, 9:00 pm
  #1367  
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Default Aussie bucks buying 60P

Well according to OZ forex.

Thats about 1.66.4


Last edited by jad n rich; Mar 1st 2010 at 9:53 pm.
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Old Mar 1st 2010, 9:05 pm
  #1368  
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Default Re: 1.93's A$ to the Pound!!!

1.64 on ozforex now.
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Old Mar 1st 2010, 9:24 pm
  #1369  
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Default Re: Aussie bucks buying 60P

Originally Posted by jad n rich
Well according to OZ forex.

Thats about 1.64

The pound is only going...

o
n
e

w
a
y

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Old Mar 1st 2010, 9:37 pm
  #1370  
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Default Re: Aussie bucks buying 60P

Originally Posted by Alfresco
The pound is only going...

o
n
e

w
a
y


If there is no interest rate rise later today it may sink back a bit, well that is what you would expect and of course currency markets often do the opposite to what you expect.

Roulette wheel at best. MIght punt on a bit soon, will ensure all future hols to UK are paid for at a nice rate
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Old Mar 1st 2010, 9:44 pm
  #1371  
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Default Re: Aussie bucks buying 60P

Originally Posted by Alfresco
The pound is only going...

o
n
e

w
a
y

It wasn't that long ago (end 2008) that we were getting 40p / $

The current pound crisis is going to do wonders for my UK mortgage
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Old Mar 1st 2010, 9:54 pm
  #1372  
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Default Re: 1.93's A$ to the Pound!!!

Love it - back to blighty for a month in a couple of weeks.

Also going to do wonders for my UK mortgage, just as I come off a 6% fixed rate
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Old Mar 1st 2010, 10:24 pm
  #1373  
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by jad n rich
1.64 on ozforex now.
Right...I'm definitely doing a bit of online shopping! Have a friend coming over in a couple of weeks so he can play postman.

$50 - $100 for a pair of trainers that cost $180 here...noice!
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Old Mar 1st 2010, 11:37 pm
  #1374  
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Default Re: 1.93's A$ to the Pound!!!

Great for a holiday in the UK.. but no great if you have a UK pension paid in pounds over here..I am losing money quick..but nothing I can do about..
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Old Mar 2nd 2010, 1:47 am
  #1375  
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Default Re: 1.93's A$ to the Pound!!!

I must admit it is great for us who are able to holiday in the UK - I go in May for two months, but my son lives in Rutland, and he has just lost his business and home. I feel for you all over there, but things aint that great here for some either. Two of my other children are hanging on to their businesses (Building) by the skin of their teeth, and we know many who have lost everything.
Seems being on the pension has its advantages!
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Old Mar 2nd 2010, 1:48 am
  #1376  
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Default Re: 1.93's A$ to the Pound!!!

Sorry - I meant being on an Australian pension here - feel sorry for all those on a British one.
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Old Mar 2nd 2010, 1:55 am
  #1377  
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by bcworld
Right...I'm definitely doing a bit of online shopping! Have a friend coming over in a couple of weeks so he can play postman.

$50 - $100 for a pair of trainers that cost $180 here...noice!
Woops It was 1.66.4 not 1.64.4 , so dont go and spend it all yet
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Old Mar 2nd 2010, 4:48 am
  #1378  
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Default 1.66

AUD$ to the pound now.....lowest for 25 years

****** hell

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Old Mar 2nd 2010, 4:59 am
  #1379  
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Default Re: 1.66

£100,000 at Currency online gets you $164,950 right now. or depending on your circumstances.
 
Old Mar 2nd 2010, 5:08 am
  #1380  
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Default Re: 1.66

I thought i got a shite rate when i exchanged but i took the hit just incase the £ went sub 2dollars....thank god i did now....did something right for once
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