2.36 !!
 

Rate has gone from 2.31 to 2.36 overnight !

Re: 2.36 !!
 

Yeah, don't we know it! We exchanged a lot of money at 2.31 after being advised that the AUS$ was on a down trend!

.

Re: 2.36 !!
 

Blimley. We need to get our money across. Now I am going to wonder if to do it or not. What's everyone else doing???

Re: 2.36 !!
 

Back down to 2.33 now

Re: 2.36 !!
 

The X rate appears to be very low at the moment. Anyone know the reason why?

Re: 2.36 !!
 

Last year we changed our's at 2.51%...it seems really low now.

Re: 2.36 !!
 

Have you got your exchange rates round the wrong way?

Re: 2.36 !!
 

It hasn't half gone down in 6 months :eek:

We got 2.49 when we transferred ours.

Re: 2.36 !!
 

Just looked and now at 2.37 for the cash we have thats a whopping $15 difference compared to the other day when it was 2.32.

Wouldn't it be nice if it was back on the up for a while. We xchange on our house next week with a completion date of 7th Sept and £200,000 to do something with - high interest here, transfere to $ now, if only my crystal ball were working.

Hoping to be in Oz early Dec so guess I will just have to sit tight and watch the markets - anyone out there with insider info they want to share???:confused:

Re: 2.36 !!
 

It's probably related to the big losses being played out on the Asian stock market. That's my best guess.

Re: 2.36 !!
 

The latest market info/forecast from HSBC is as follows:

2007:
Q1 2.43
Q2 2.36
Q3 2.48 (forecast)
Q4 2.43 (forecast)

2008:
Q1 2.40 (forecast)
Q2 2.40 (forecast)
Q3 2.35 (forecast)
Q4 2.35 (forecast)

Not exactly insider information and, of course, it won't be absolutely accurate but it's a useful guide. It doesn't look like we'll be going back to the days of 2.9 that I remember from a few years ago anytime soon!

Jules

Re: 2.36 !!
 

Probably a demand/supply thing, there are so many Brits moving to Australia that now the AUD is worth more :(