Currency Exchange
 

Hey all:)

Has anybody got clues/advice (professional or otherwise) on when the Ozzy Dollar will weaken? In Oct 2008 One Pound bought $2.50 now its around $1.75& certainly puts on old a decision to transfer funds from UK. I am looking to buy a house either Syd or Adelaide this year as indications are property is on the rise in the city suburbs but i may need to borrow further as i do not want to transfer at a ridiculously low rate. :thumbup:

Re: Currency Exchange
 

Go & look through all the other threads on this subject as there are rather a lot all guess work & most are from those who are bored & just give a reply of a no real sence.

Re: Currency Exchange
 

Hey Don,

I hope you are well. Erm... im not really that clued up on the markets. But i do have a currency broker whom updates me... so if you like, i could PM you his details, and he may be able to offer you his views. Just let me know

Re: Currency Exchange
 

mmmmm, research your brokers on here rather than listen to tips from non established members!

Ozforex, HiFX etc all have good reports on here by people who have moved money with them but be wary of who you deal with other than those with good reports on here by several people (brokers have been known to set up as members on here to promote themselves - moderators soon boot em off tho!)

I have a big thread on the exchange rate which I started when rate slipped to 1.93.

Nobody really knows where it will go otherwise they'd be millionaires and not working as brokers to advise other people on market moves!!!!

But £ has taken a big hit and is well oversold! Time will tell but there should be some recovery. It's likely to happen if and when the US$ recovers against the Aussie. :fingerscrossed:

Re: Currency Exchange
 

4 weeks after the UK election, when the emergency budget cuts spending dramatically and raises taxes. Bonus points if Eddie George is sacked and the BoE starts talking about raising the interest rates to more normal levels.

At least that's what I'm betting on.