Aussie Interest Rates

Closed Thread Subscribe

Thread Tools

Mar 2nd 2004, 10:24 pm

#16

Amazulu

Proudly Deplorable

Joined: May 2003

Location: Alloha snack bar

Posts: 24,246

Quote:

Originally posted by bondipom
Anyone got any tips at the bookies?

Interest rate left on hold.

Mar 2nd 2004, 10:26 pm

#17

bondipom

Joined: Aug 2003

Posts: 11,149

bondipom is an unknown quantity at this point

Quote:

Originally posted by Amazulu
Interest rate left on hold.

Interesting name for a horse

http://www.theaustralian.news.com.au...5E1702,00.html

Mar 2nd 2004, 10:28 pm

#18

maxpaxx

Thread Starter

Joined: Jun 2003

Posts: 965

maxpaxx is an unknown quantity at this point

Re: Aussie Interest Rates

Quote:

Originally posted by Bix
Max,
Do you really need to exchange all your dosh at once ?
If not perhaps you could leave half in UK account and transfer when rate is better ?

Simple answer ..no..it's just sitting there earning nice lot of interest at the mo, just as it will if we take a price on a forward contract as we only have to put 10% down. Yes it 'may' rise in time but will it rise before September - they are prediciting a drop to 2.2 ish when Aussie interest rates do rise and we would be gutted if we hadn't taken 2.4 then.

It's a hard one! Agreed a forward contract on 2.41 today for part of the 'dosh' and will take a risk with the rest and spread the bet!

I guess we have obtained that now as I see it went above 2.42 interbank rate tonight???

Mar 2nd 2004, 10:29 pm

#19

Amazulu

Proudly Deplorable

Joined: May 2003

Location: Alloha snack bar

Posts: 24,246

Quote:

Originally posted by bondipom
Interesting name for a horse

http://www.theaustralian.news.com.au...5E1702,00.html

Mar 3rd 2004, 6:53 am

#20

Andy Pandy

Forum Regular

Joined: Sep 2003

Location: Perth

Posts: 78

Andy Pandy is an unknown quantity at this point

Re: Aussie Interest Rates

Quote:

Originally posted by maxpaxx
Hi guys,

Can I assume the Aussie interest rates have not gone up? Halewood told me yesterday they would probably go up overnight and then the rate against the $ would probably drop (ie we should have bought $ yesterday). Anyway we didn't - we didn't have the right gut feeling about it!

We are not being greedy - just don't want to be stupid either!

Max

Hey Maxpaxx,
Its on its way up today Â£$$!!!