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-   -   Aussie dollar expected to hit 2.5 next week (https://britishexpats.com/forum/australia-54/aussie-dollar-expected-hit-2-5-next-week-374312/)

2foot May 18th 2006 2:56 am

Aussie dollar expected to hit 2.5 next week
 
Hi

The easing back in gold prices has hurt the Aussie and should continue to play a focal role in determining short term direction for the pair.

well nothing is for certain i suppose but I hope so!! :)

http://www.x-rates.com/d/AUD/GBP/graph120.html

I`m in the position where I have transfered half of our savings - and therefore I`m never going to be mad and my wife is never going to be happy!

I use Tranzfers (i`d love an ipod! :cool: ;)

I also heard that one of my best mates has been picked for the Rugby tour to Oz in the Summer so he has a free ticket to come and stay for a few days!! Cool news and proud of him! :beer:

Jonahs_mummy May 18th 2006 3:21 am

Re: Aussie dollar expected to hit 2.5 next week
 
that would be great!

we go to Aus (finally:D ) on 27th and will be transferring the money form the house sale too!!!!!!

Claire
x

Originally Posted by 2foot
Hi

The easing back in gold prices has hurt the Aussie and should continue to play a focal role in determining short term direction for the pair.

well nothing is for certain i suppose but I hope so!! :)

http://www.x-rates.com/d/AUD/GBP/graph120.html

I`m in the position where I have transfered half of our savings - and therefore I`m never going to be mad and my wife is never going to be happy!

I use Tranzfers (i`d love an ipod! :cool: ;)

I also heard that one of my best mates has been picked for the Rugby tour to Oz in the Summer so he has a free ticket to come and stay for a few days!! Cool news and proud of him! :beer:


Mandi-C May 18th 2006 3:29 am

Re: Aussie dollar expected to hit 2.5 next week
 
Is that the business rate or tourist rate?
What rate do you get if you're transferring money?

Mand



Originally Posted by 2foot
Hi

The easing back in gold prices has hurt the Aussie and should continue to play a focal role in determining short term direction for the pair.

well nothing is for certain i suppose but I hope so!! :)

http://www.x-rates.com/d/AUD/GBP/graph120.html

I`m in the position where I have transfered half of our savings - and therefore I`m never going to be mad and my wife is never going to be happy!

I use Tranzfers (i`d love an ipod! :cool: ;)

I also heard that one of my best mates has been picked for the Rugby tour to Oz in the Summer so he has a free ticket to come and stay for a few days!! Cool news and proud of him! :beer:


touchingcloth May 18th 2006 3:34 am

Re: Aussie dollar expected to hit 2.5 next week
 

Originally Posted by 2foot
Hi

The easing back in gold prices has hurt the Aussie and should continue to play a focal role in determining short term direction for the pair.

well nothing is for certain i suppose but I hope so!! :)

http://www.x-rates.com/d/AUD/GBP/graph120.html

I`m in the position where I have transfered half of our savings - and therefore I`m never going to be mad and my wife is never going to be happy!

I use Tranzfers (i`d love an ipod! :cool: ;)

I also heard that one of my best mates has been picked for the Rugby tour to Oz in the Summer so he has a free ticket to come and stay for a few days!! Cool news and proud of him! :beer:


Noone know whether it will hit $2.50 or not. Its all speculation.
I've hedged some of my cash by buying into Gold and other precious metals funds.
If these commodoties fall in price...then at least the AUD$ will strengthen. :D

If vice versa...well at least I'll pocked a profit from my investments. :D

Wendy May 18th 2006 3:35 am

Re: Aussie dollar expected to hit 2.5 next week
 

Originally Posted by Mandi-C
Is that the business rate or tourist rate?
What rate do you get if you're transferring money?

Mand

Yesterday I was quoted 2.44 and the rate was somewhere around 2.46/7 that was with ozforex. Tourist rate was 2.35 ( the best one I found )

Guzzler&Sas May 18th 2006 4:09 am

Re: Aussie dollar expected to hit 2.5 next week
 

Originally Posted by touchingcloth
Noone know whether it will hit $2.50 or not. Its all speculation.
I've hedged some of my cash by buying into Gold and other precious metals funds.
If these commodoties fall in price...then at least the AUD$ will strengthen. :D

If vice versa...well at least I'll pocked a profit from my investments. :D

Are you sure the above statement is correct?
Why would the AUD$ strengthen on a fall in commodities?

Guzzler

tucs May 18th 2006 5:00 am

Re: Aussie dollar expected to hit 2.5 next week
 

Originally Posted by touchingcloth
I've hedged some of my cash by buying into Gold and other precious metals funds.


better stock up on the dutch gold tinnies then, thanks for the inside information ;)

sinsbury family May 18th 2006 5:10 am

Re: Aussie dollar expected to hit 2.5 next week
 

Originally Posted by Guzzler&Sas
Are you sure the above statement is correct?
Why would the AUD$ strengthen on a fall in commodities?

Guzzler


I think he means that if commodities fall then the sterling/aud rate will rise.

Vash the Stampede May 18th 2006 5:13 am

Re: Aussie dollar expected to hit 2.5 next week
 

Originally Posted by 2foot
Hi

The easing back in gold prices has hurt the Aussie and should continue to play a focal role in determining short term direction for the pair.

Fantastic news! :cool:

Rachel & Paul May 18th 2006 8:19 am

Re: Aussie dollar expected to hit 2.5 next week
 

Originally Posted by Vash the Stampede
Fantastic news! :cool:

Im going to sell Rachel's engagement ring and do my bit for exchange rates :o
Dont tell her!!!
LOL
Paul

mand8002 May 18th 2006 9:47 am

Re: Aussie dollar expected to hit 2.5 next week
 

Originally Posted by WendyC
Yesterday I was quoted 2.44 and the rate was somewhere around 2.46/7 that was with ozforex. Tourist rate was 2.35 ( the best one I found )

At the moment travelex is 2.386. We changed some when it was at 2.379 so just watch I bet it goes up now

Big Galah May 18th 2006 11:11 am

Re: Aussie dollar expected to hit 2.5 next week
 

Aussie dollar expected to hit 2.5 next week
I'd better get my cash ready.

Can you also tell me what the following rates will be on Wednesday morning (Sydney time) next week:

STG - USD
CHF - USD
CAD - STG

Thanks! $$$$$$$

Big.

touchingcloth May 18th 2006 6:55 pm

Re: Aussie dollar expected to hit 2.5 next week
 

Originally Posted by sinsbury family
I think he means that if commodities fall then the sterling/aud rate will rise.


yeh..sorry guys....typing faster than my brain was working :o

karenjc May 18th 2006 8:21 pm

Re: Aussie dollar expected to hit 2.5 next week
 
We changed some the other day and got $2.44, and are really pleased as we onlt got $2.23 when we first came over. Mind you both times i have been over here before it was above $2.75.


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