currency prospects
Aug 6th 2008, 6:58 pm
#1
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Thread Starter
Joined: Dec 2007
Posts: 90
currency prospects
I have been keeping a close eye on the exchange rate and it looks that the GBP has got stronger or aussie dollar has got weaker. Is this a trend were going to see for a while.
thanks
john
thanks
john
Aug 7th 2008, 12:48 pm
#2
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Location: Country NSW, Australia
Posts: 472
Aug 7th 2008, 1:04 pm
#3
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Posts: 3,533
Re: currency prospects
As I am someone who is on the other end of this, I too have been watching the exchange rate like a hawk lately.
According to our broker at Hifx, due to the Aussi interest rates faltering and more than likely dropping in the near future, currency investors will be looking to put their money elsewhere and that will contribute to the Aussie dropping. Lots of other factors....didn't understand them so switched off!
We have got a fixed rate contract (luckily) to exchange our $AU to GBP, so I don't care if it keeps on dropping, and it's great news for you Brits wanting to get out here. Just hold onto your cash for now, it'll get better in your favour.
According to our broker at Hifx, due to the Aussi interest rates faltering and more than likely dropping in the near future, currency investors will be looking to put their money elsewhere and that will contribute to the Aussie dropping. Lots of other factors....didn't understand them so switched off!
We have got a fixed rate contract (luckily) to exchange our $AU to GBP, so I don't care if it keeps on dropping, and it's great news for you Brits wanting to get out here. Just hold onto your cash for now, it'll get better in your favour.
