itsasecret

at last a bit of movement in the oz exchange rate,, its kreeping back up .
exchange rate

PeterAndSue

Some good news .
Already sent some money across but still more to come

OzTennis

Thanks for that link. Nearly $2.40 currently. Probably the immediate after effects of the 2nd interest rate rise in Australia have worn off and the demand for the $ declining so the rate (from the £'s perspective) picks up ....... until the next possible interest rate rise? The possibility of i/r rises in the UK as well as what's happening to the US$ and Jap yen make it an extremely difficult one to predict though. However it looks better for those about to transfer funds to Oz than it has done over the last few weeks.

OzTennis

tetley101

i'm gonna hang on and gamble on further rises in the next six months or so before buying oz dollar.

hopefully house prices will fall as well in that time

young_lad

is this based on anything - or is it just pure gamble?

sjn2003

Don't you think we should just watch the US $ movements as its such a major chunk of the market ? They went up after they captured Sadaam, other rates fall.

You may have guessed I have a very basic knowledge of global currency trends

Megalania

Large sell Aussie, buy Euro trade 2 days ago.

tetley101

Young lad

i think when it comes to currencies it's always a gamble

but here are some factors

uk interest rate rise, probable
us dollar fall further, probable
comodities up, probable if china continues to grow

i'm no currency expert though

and i will probably look to fx some(maybe a third) in jan then hang on and watch how things develop over the next six months

walaj

the US government is unlikely to do anything much to strengthen the $ before the elections next year

if you are interested why ....... http://news.bbc.co.uk/1/hi/business/3303549.stm

tinaj

I am gutted as we chickened out when it started to drop and got a terrible rate. Never mind we still have a bit left to transfer.

Amazulu

It hit $2.40 earlier today but has now slide back a bit.

dracupg

Still reckon there is plenty upside left in the AUD.

OzTennis

$2.40 might be a pyschological 'ceiling' with the fx traders now - and there could be a $2.20 'floor' sometime later next year??? This is more clairvoyancy and reading what the 'experts' predict in the financial press I hasten to add. There also seemed to be a lot of selling of the 'greenback' in the last few days which adversely affects the A$.

OzTennis

itsasecret

Your right about US.. we should watch them carefully , however the prospects for a stronger Greenback looks grim but fingers cross other countries may try to push it back up as they did with the Euro..

dracupg

The problem is that everyone tends to thing of exchange rates in the short term, but when you look at rates only up to 10 years ago it makes you think that the current AUD may not be anywhere near is peak against USD/GBP.

Just think people should consider this before hand rather than holding on waiting for the rates to drop before they transfer money, based on very short term movements.