Convert or not?
Jul 12th 2004, 11:35 am
#1
Keeping it fairly real
Thread Starter
Joined: Jun 2004
Location: In the sun
Posts: 32,863
Convert or not?
Hi All
House sale lolly has reached our Oz bank account. Bank rang and asked if we wanted it converted to $Aus at a rate of $2.55 to the £.
I'm crap at these things, any advice, ie hold in Sterling or convert now. Will the rate creap any higher, I know it's been hovering around the $2.50 for a week or so and although I'm crap at such matters I know it can go down as well as up
Anybody got any mates in the City, bit of insider dealings?!!!!!
Walla
House sale lolly has reached our Oz bank account. Bank rang and asked if we wanted it converted to $Aus at a rate of $2.55 to the £.
I'm crap at these things, any advice, ie hold in Sterling or convert now. Will the rate creap any higher, I know it's been hovering around the $2.50 for a week or so and although I'm crap at such matters I know it can go down as well as up
Anybody got any mates in the City, bit of insider dealings?!!!!!
Walla
Jul 12th 2004, 11:50 am
#2
BE Enthusiast
Joined: Nov 2003
Posts: 987
Take it....thats a pretty good rate at the moment
Jul 12th 2004, 11:59 am
#3
Tupperware's #1 fan
Joined: May 2004
Location: Crawley West Sussex
Posts: 2,315
Dont ask me, I'm a scardy cat when it comes to these things. I didn't buy a flat 2 years ago because I was convinced that the property prices wouldn't go up any more, If I'd had some guts and done it I would be £50000 richer now and not stuck here in the UK trying to save to go to Australia.
Come on people there must be some clever person out there who has an idea what is goin on, the exchange rate was 2.63 the other week
Kala
Come on people there must be some clever person out there who has an idea what is goin on, the exchange rate was 2.63 the other week
Kala
Jul 12th 2004, 12:05 pm
#4
What's happening dudes?
Joined: Mar 2004
Location: Bayside Brisbane
Posts: 20,647
Originally posted by S Oldfield
Take it....thats a pretty good rate at the moment
Take it....thats a pretty good rate at the moment
Sadly though Walla, I don't have any insider tips for you
Jul 12th 2004, 12:11 pm
#5
Banned
Joined: Jan 2004
Location: Morayfield - The Posh Part
Posts: 10,138
Re: Convert or not?
Originally posted by walla1
Hi All
House sale lolly has reached our Oz bank account. Bank rang and asked if we wanted it converted to $Aus at a rate of $2.55 to the £.
I'm crap at these things, any advice, ie hold in Sterling or convert now. Will the rate creap any higher, I know it's been hovering around the $2.50 for a week or so and although I'm crap at such matters I know it can go down as well as up
Anybody got any mates in the City, bit of insider dealings?!!!!!
Walla
Hi All
House sale lolly has reached our Oz bank account. Bank rang and asked if we wanted it converted to $Aus at a rate of $2.55 to the £.
I'm crap at these things, any advice, ie hold in Sterling or convert now. Will the rate creap any higher, I know it's been hovering around the $2.50 for a week or so and although I'm crap at such matters I know it can go down as well as up
Anybody got any mates in the City, bit of insider dealings?!!!!!
Walla
Trend is it is levelling off
Australian Dollars to 1 GBP (invert,data)
Jul 12th 2004, 12:12 pm
#6
Banned
Joined: Jan 2004
Location: Morayfield - The Posh Part
Posts: 10,138
30 day graph
Jul 12th 2004, 12:35 pm
#7
Go the BNE Roar
Joined: May 2003
Location: Northside
Posts: 1,590
Re: Convert or not?
Seems an OK rate for the moment Walla.
Personally I will be happy at anything above 2.5.
TT
Personally I will be happy at anything above 2.5.
TT
Originally posted by walla1
Hi All
House sale lolly has reached our Oz bank account. Bank rang and asked if we wanted it converted to $Aus at a rate of $2.55 to the £.
I'm crap at these things, any advice, ie hold in Sterling or convert now. Will the rate creap any higher, I know it's been hovering around the $2.50 for a week or so and although I'm crap at such matters I know it can go down as well as up
Anybody got any mates in the City, bit of insider dealings?!!!!!
Walla
Hi All
House sale lolly has reached our Oz bank account. Bank rang and asked if we wanted it converted to $Aus at a rate of $2.55 to the £.
I'm crap at these things, any advice, ie hold in Sterling or convert now. Will the rate creap any higher, I know it's been hovering around the $2.50 for a week or so and although I'm crap at such matters I know it can go down as well as up
Anybody got any mates in the City, bit of insider dealings?!!!!!
Walla
Jul 12th 2004, 2:48 pm
#8
Keeping it fairly real
Thread Starter
Joined: Jun 2004
Location: In the sun
Posts: 32,863
Re: Convert or not?
Originally posted by walla1
Hi All
House sale lolly has reached our Oz bank account. Bank rang and asked if we wanted it converted to $Aus at a rate of $2.55 to the £.
I'm crap at these things, any advice, ie hold in Sterling or convert now. Will the rate creap any higher, I know it's been hovering around the $2.50 for a week or so and although I'm crap at such matters I know it can go down as well as up
Anybody got any mates in the City, bit of insider dealings?!!!!!
Walla
Hi All
House sale lolly has reached our Oz bank account. Bank rang and asked if we wanted it converted to $Aus at a rate of $2.55 to the £.
I'm crap at these things, any advice, ie hold in Sterling or convert now. Will the rate creap any higher, I know it's been hovering around the $2.50 for a week or so and although I'm crap at such matters I know it can go down as well as up
Anybody got any mates in the City, bit of insider dealings?!!!!!
Walla
Chears guys
Making the call now to convert. If it goes up then I'll be damned!!
Walla
Jul 12th 2004, 2:52 pm
#9
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Joined: Jun 2003
Location: Perth, Since Jan 05
Posts: 708
Re: Convert or not?
Originally posted by Timber Floor Au
Trend is it is levelling off
Australian Dollars to 1 GBP (invert,data)
Trend is it is levelling off
Australian Dollars to 1 GBP (invert,data)
Didn't someone post recently with graphs and analysis showing a general trend over the last 5 or 6 years that the rate always takes a bit of a dive in July and August and then picks up again in November / December?
I guess it depends if you need the dosh out there in the next few weeks - if so then I would say to change now. If like us you don't need it out there until Dec / Jan, I shall wait and watch the rate with interest - especially since more interest rates are expected here.
Only my thoughts!
Jul 12th 2004, 4:01 pm
#10
Keeping it fairly real
Thread Starter
Joined: Jun 2004
Location: In the sun
Posts: 32,863
Re: Convert or not?
Originally posted by walla1
Hi All
House sale lolly has reached our Oz bank account. Bank rang and asked if we wanted it converted to $Aus at a rate of $2.55 to the £.
I'm crap at these things, any advice, ie hold in Sterling or convert now. Will the rate creap any higher, I know it's been hovering around the $2.50 for a week or so and although I'm crap at such matters I know it can go down as well as up
Anybody got any mates in the City, bit of insider dealings?!!!!!
Walla
Hi All
House sale lolly has reached our Oz bank account. Bank rang and asked if we wanted it converted to $Aus at a rate of $2.55 to the £.
I'm crap at these things, any advice, ie hold in Sterling or convert now. Will the rate creap any higher, I know it's been hovering around the $2.50 for a week or so and although I'm crap at such matters I know it can go down as well as up
Anybody got any mates in the City, bit of insider dealings?!!!!!
Walla
Rate actually dropped today to £2.488 but kind man at the bank gave me $2.55!!
It makes a hell of a difference when you're converting £3million!!! I wish!!!
Walla
