FluffyTheCampfireSlayer

We are now in a dilemma...

Do we cash in now at 2.53 or wait a few more days and see what happens?

(We were going to do the exchange on Tuesday of next week anyway).

Any experts able to predict what will happen to the market?

datamile

Err no, its unpredictable at the best of times, with economics vs governments vs speculators, but at the moment its completely out of control

renth

If you are able to get 2.53 DO IT! If it goes to 2.6 well, c'est la vie.

historically 2.53 is a very good rate, count yourself lucky and do it, now!

Wendy

If you wait, it'll drop. If you change now, it'll rise - that's the only thing that's guaranteed

datamile

16 mins later if 2.5427

FluffyTheCampfireSlayer

Just been on the phone to HIFX:

Basically confirmed that the market is very volatile at the moment. Advised that all the indicators would suggest that the rate should have DROPPED, so a surprise that it has risen! No way of predicting what will happen, but advised that it might be a *good idea* to change ASAP!

Were given a rate of 2.51, C is on the phone now giving it the 'buy, buy, buy' !!!

Wendy

Lots better than last weeks rate Now don't look at it EVER again

FluffyTheCampfireSlayer

Yeah.......you were right earlier I think. If we do it now it will rise, if we wait it will drop, so have just bitten the bullet!

Have made a couple of grand more than we would have done a week ago!

Wendy

That'll pay for your first weeks beer then - result

FluffyTheCampfireSlayer

First week???

That has paid for the beer at the airport Wendles!!!

Nursebank

I am rolling with laughter

datamile

2.5638 .. hmm, no I think about holding out after changing some at 2.40 and 2.50 over the last two days.. who blinks first

mbike

The dow jones reported that the RBA interevened in the overnight AUS/USD market last night as the AUD dropped lower. (basically buying back AUD to bring the price back up) This kind of intervention, whilst designed to support the currency just makes the market even more jittery. The RBA will probably have a psychological barrier that they won't want to see the $ go below. This could be 2.5 or even 2.6. As others have said, if you are happy with the rate at the moment go for it and never look again. We changed in Feb when the rate was 2.54 and it has been going down ever since. I had waited 1 1/2 years for it to reach that point. It has to be what feels right for you.

Personally I have about a small amount in the uk now which I might change if the market goes mad (2.6) otherwise it will stay there as the bulk of our money is already in a 7% account over here

Mark