Amazulu

I always found that Marks and Spencer had the best rates for tourist money.

BATS666

I'd go with M&S as the best high street rate. beats the post office marginally. they set rates at about 9am every day. same as the post office. they are then fixed for that day.

rocket01

Oz forex showing 2.69 atm

stu:0

Well iv just transfered all my savings from the uk, £143,000 and got 2.54! Im very happy with the rate just worrys me that i have no plans on buying a house for a year or two and with there been no guarentee on savings over here, well who knows what could happen??? But where do you put it other than a bank????

chilliman

hmm missed that market seems to be bouncing around the 2.56 mark !??

Now do I limit order for 2.7???

Reading fan

I've got an order in for $2.70. Money exchanger phoned this morning and asked what I wanted to do - I said to leave it.To be honest it's doing my head in. He said hopefully the next time he speaks to me it will be to tell me the order has been filled - everything's crossed - in this market it could go anyway.

chilliman

Which one you using? I'm in no real rush, mind you if gavbro's prediction of 2.75 by December comes to pass should be no worries!?

Reading fan

I am signed on with Moneycorp,HiFX and ukForex. I've used Moneycorp for 2 trades and it went ok the only bum*mer is the other day when it all went ballistic their phones went down apparently a "BT fault" not very helpful couldn't get the top price esp when you could have converted back the day after !

Carlton Cold's

We also used money corp (broker was adam jordam), very happy with the process, simple and straight forward. We traded all our funds on weds, got a pretty good deal 2.55, which we think is ok, but obviously wish we had the nerve or vision (crystal ball) to hold out for maybe 2.65/2.70, but at stage you must decide when its a good time, as the markets turn so quickly..

Good luck to everyone

Russ

BATS666

that's not right. not been over $2.58 in 24 hours.
It was last at $2.69 about 11.00, 2 days ago. that was the highest for 5 years apparently.

beaumonts

OZFOREX are not taking on new customers til 13th oct

Twinset

Just wanted to remind folks where this thread started: at 2.11!!!!!!

Current rate 2.58, and there are many reasons why the exchange rate would improve over time, not least of which being the rate in Jan-April that was lowest in a decade, plus looming global recession/slowdown, reduction in commodity values etc

Not sure it will get that much better than it is now, as traditionally, it has peaked at no more than 3 to pound and then only extremely rarely - but happy to be hung by my own post in months to come!!

Of course, there is no-one who could have predicted change in rates as dramatically as it has happened, but it seems to me like a swing back to the natural order of things.

Just look at Iceland: international banking superpower? I think not......

When push comes to shove in the next few months, logic will apply: money will flow to the areas it traditionally flows and in the traditional amounts: most at risk will be the companies or banks or countries where you look at economic indicators and think: "how did you become so big so quick?"

Twinset

Twinset

That might work out in your favour: we were mad we missed the first big spike, because account not set up - then we caught the second, much bigger.......so happy bunny now.

With markets the way they are, exchange rate seems to be doing ok at moment...could you go with anyone else?

BATS666

try Hi-fx. best to register with a few, in case you have problems getting thru to one.

the pursers

Nor are Tranzfers