2.60537
 

Exchange rate is AUD2.60537 to the pound, it's improved a lot over the last week.

Re: 2.60537
 

Who's that with?????

Re: 2.60537
 

Re: 2.60537
 

very similar at moneycorp.co.uk

http://www.moneycorp.co.uk/pages/charts_app.html

Re: 2.60537
 

That was the bank rate I assume? I have been keeping an eye on rates with a few different traders and the spot rate for 100,000 UK has been around 2.57 at the highest.

From what I am reading it looks like it may well slide back down a little in the coming weeks, may be a good time to exchange? I wish my bloody house had completed... grrrr!!

Cheers!

ST

Re: 2.60537
 

2.60852 today.....Keep rising baby, keep rising!!!!!!!!!!!!!!!!!

Re: 2.60537
 

Just to be pedantic. Don't you mean: 'keep falling baby'?
You are talking about the dollar falling in value not rising.

Swings and Roundabouts I'm afraid.

G

Re: 2.60537
 

Just to be more pedantic, might be refering to pound strengthening?

Re: 2.60537
 

Of course

Same thing in the end.
If you are moving to Australia you gain on exchange rates but lose on Imports , Foreign travel etc.
Or Vice versa if moving the other way.

No such thing as a free lunch.:(

Best wishes

G

For those of you watching the rates, here is the trend for the past 5 years:

Being as I am already in Oz, I have to say "Come on pound, crash and burn!"

The "crash and burn" statement may have seemed a bit heartless, but I am still needing to send money back to the UK.

I think what that graph shows is the rate you will get for your move is going to be based more on luck than judgement, as there is a tendency for some pretty dramatic reversals, and currency trading for emigration will need to be made in a relatively small window.

I was particularly fortunate, we flew out of the UK January 2002, when the dollar was just about at its weakest, then saw a really welcome reversal once I was earning dollars, and had to transfer monies back to the UK (definitely luck and very little judgement)

Re: 2.60537 ... and long term
 

Back in January my Aussie financial advisers gave me predictions that the £ -> $ conversion rate would be most favourable in June/July of 2004. In that time the rate has improved by about 20c.

Last week they sent me a new prediction that the rate will fall back over the next few years and that I should change my £s sooner rather than later.

Year to 30.06.05 $2.45
Year to 30.06.06 $2.35
Year to 30.06.07 $2.24
Year to 30.06.08 $2.32

These are predicted averages.

Your mileage may vary.

which translated means - will you get your hands out of your pockets and give us some money you sloth.

I hate to tempt fate, but you have to admit, the pound looks like its on a recovery. All the news at the moment is about the UK growth being higher and faster than anticipated. This can only result in a stronger Pound. The next few months look good at least.

Praying for $2.80!!!!!.. you never know, its been there many times before.

:p

It did actually get to 2.69 at the beginging of June.