Exchange rate

Old Oct 16th 2006, 8:19 am
  #1  
BE Enthusiast
Thread Starter
 
Joined: Apr 2006
Location: Upper kedron
Posts: 409
raven is a splendid one to beholdraven is a splendid one to beholdraven is a splendid one to beholdraven is a splendid one to beholdraven is a splendid one to beholdraven is a splendid one to beholdraven is a splendid one to beholdraven is a splendid one to beholdraven is a splendid one to beholdraven is a splendid one to beholdraven is a splendid one to behold
Default Exchange rate

Have noticed that over the last fortnight the rate of exchange has fallen by about 7 cents.Does anyone know if it is expected to drop further or start to rise again?
raven is offline  
Old Oct 16th 2006, 8:55 am
  #2  
BE Enthusiast
 
Pootle's Avatar
 
Joined: Nov 2004
Location: Melbourne
Posts: 957
Pootle has a reputation beyond reputePootle has a reputation beyond reputePootle has a reputation beyond reputePootle has a reputation beyond reputePootle has a reputation beyond reputePootle has a reputation beyond reputePootle has a reputation beyond reputePootle has a reputation beyond reputePootle has a reputation beyond reputePootle has a reputation beyond reputePootle has a reputation beyond repute
Default Re: Exchange rate

Originally Posted by raven
Have noticed that over the last fortnight the rate of exchange has fallen by about 7 cents.Does anyone know if it is expected to drop further or start to rise again?
No idea sorry (wish I did!)

Just transferred our money over today (pity our sale didn't complete 2 weeks ago )

I daren't look in case it starts to go up again and I've lost out.

But it could just as easily go down more then.....

Oh well, no use worrying about it now.
Pootle is offline  
Old Oct 16th 2006, 10:04 am
  #3  
has lost The Game
 
Swerv-o's Avatar
 
Joined: Apr 2005
Location: Chippendale, Sydney
Posts: 8,735
Swerv-o has a reputation beyond reputeSwerv-o has a reputation beyond reputeSwerv-o has a reputation beyond reputeSwerv-o has a reputation beyond reputeSwerv-o has a reputation beyond reputeSwerv-o has a reputation beyond reputeSwerv-o has a reputation beyond reputeSwerv-o has a reputation beyond reputeSwerv-o has a reputation beyond reputeSwerv-o has a reputation beyond reputeSwerv-o has a reputation beyond repute
Default Re: Exchange rate

Originally Posted by raven
Have noticed that over the last fortnight the rate of exchange has fallen by about 7 cents.Does anyone know if it is expected to drop further or start to rise again?
Hold on - lets see what my crystal ball says...

Inflationary pressures in the Australian economy, and the prospect of the largest drought in living memory here *may* need to be corrected by further increases in interest rates, which is driving the $ against the £. The rate has already fallen through the support level at $2.50 (which now becomes a resistance level), so it may bouy off of the back of profit taking, unlikely to push through a resistance level, or it may fall further.

There's loads of other stuff to consider too - The UD$ and the Yen. And just when you may have got your head around that, there may be a Bird Flu outbreak somewhere. I'm sure you get the picture...

Time will tell. It always does...

S
Swerv-o is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service -

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.