Exchange Rate
Aug 13th 2007, 7:54 pm
#46
Forum Regular
Joined: Feb 2005
Location: little mountain qld
Posts: 44
Re: Exchange Rate
wish it would just go up a bit more need to change money soon
Aug 15th 2007, 9:43 am
#47
DownUnder
Joined: May 2003
Location: Thorneside, Brissy
Posts: 1,709
Re: Exchange Rate
Interbank rate now hoving around 2.41, best rate since 30th May, and way up from 2.31.. still away to go for the 2.54 in Feb.
Aug 15th 2007, 9:46 am
#48
Forum Regular
Joined: Feb 2005
Location: little mountain qld
Posts: 44
Re: Exchange Rate
im so confused with all this was gonna change money in the next day or so but now wonder whether to wait a bit longer to see if it goes back up to high 240s
any ideas anyone
any ideas anyone
Aug 15th 2007, 9:50 am
#49
DownUnder
Joined: May 2003
Location: Thorneside, Brissy
Posts: 1,709
Re: Exchange Rate
Currency markets has lots of speculators, thats why its so hard to guess. Oz interest rates goes up, so the exchange rate should go the other way but it isn't. UK says inflation is going down, removing UK interest rate pressure, so exchange should go the other way, but it isn't.
Like most people say. Give up following the market, and change your money when you're happy. You can drip feed it in to spread the risk.
Like most people say. Give up following the market, and change your money when you're happy. You can drip feed it in to spread the risk.
Aug 15th 2007, 9:57 am
#50
Forum Regular
Joined: Jul 2006
Location: Oz & UK
Posts: 49
Re: Exchange Rate
General perception from some economic news yesterday is that Aus interest rates will go up AGAIN next meeting of the RBA. Hence this makes the Aus dollar more attractive and its likely to keep strengthing. Of course UK interest rates could go up again too, but I wouldnt be surprised to see the rate move into the $2.20s soon.
If you're going to wait for $2.50+ i think you could have a very long wait.
If you're going to wait for $2.50+ i think you could have a very long wait.
Quote from SMH today :-
http://www.smh.com.au/news/business/...857546739.html
"A New York-based senior currency strategist with Westpac, Richard Franulovich, said the Australian dollar could fall to $US0.8200 by September as concerns that started in the US sub-prime mortgage market spread to other parts of the finance sector."
Aug 15th 2007, 10:20 am
#51
DownUnder
Joined: May 2003
Location: Thorneside, Brissy
Posts: 1,709
Re: Exchange Rate
As per usual , drip feed some cash over, and it goes up 1/2 cent in the next 20 mins. Oh Well.
Aug 15th 2007, 10:43 am
#52
I am the walrus.. face it
Joined: Jun 2006
Location: Devon, UK
Posts: 367
Re: Exchange Rate
It's going mad today.. gone up 2 cents in in a few hours. I don't profess to understand the reasoning behind it, but I would like it to get up over 2.50 cos thats when I shall change me money over.
Positive thinking...
Higher! Higher! Higher! Higher! Higher! Higher! Higher! Higher!
Higher! Higher! Higher! Higher! Higher! Higher! Higher! Higher!
Higher! Higher! Higher! Higher! Higher! Higher! Higher! Higher!
Higher! Higher! Higher! Higher! Higher! Higher! Higher! Higher!
Higher! Higher! Higher! Higher! Higher! Higher! Higher! Higher!
Positive thinking...
Higher! Higher! Higher! Higher! Higher! Higher! Higher! Higher!
Higher! Higher! Higher! Higher! Higher! Higher! Higher! Higher!
Higher! Higher! Higher! Higher! Higher! Higher! Higher! Higher!
Higher! Higher! Higher! Higher! Higher! Higher! Higher! Higher!
Higher! Higher! Higher! Higher! Higher! Higher! Higher! Higher!
Aug 15th 2007, 11:12 am
#53
Forum Regular
Joined: Nov 2005
Posts: 103
Re: Exchange Rate
positive thinking and patience... 2.4157
yippeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee eeeeeeeeeeeee
yippeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee eeeeeeeeeeeee
Aug 15th 2007, 1:07 pm
#54
DownUnder
Joined: May 2003
Location: Thorneside, Brissy
Posts: 1,709
Re: Exchange Rate
2.42 ... chickened out too early
Aug 15th 2007, 1:10 pm
#55
I am the walrus.. face it
Joined: Jun 2006
Location: Devon, UK
Posts: 367
Re: Exchange Rate
can it do 3 cents in a day, and get up to 2.425?
Aug 15th 2007, 2:31 pm
#56
Forum Regular
Joined: Feb 2005
Location: little mountain qld
Posts: 44
Re: Exchange Rate
having big probs gettin my bank to let me transfer money from my english account to ozforex when im in oz how did everyone else do it
Aug 15th 2007, 2:55 pm
#57
Account Closed
Joined: Aug 2007
Posts: 353
Re: Exchange Rate
Ooer, I've just done some sums about what the difference between 2.45 and 2.3 mean to how many dollars we'll get for the equity in our house and now I can see why a difference of a few cents is important!!! 
We were in Oz on our reckie in April and the rate was 2.33 so we've been working on this as a standard conversion ever since. Now I'll be watching the exchange rates like a hawk! We hope to be in Oz by June 2008 - so I'll warn you all now that's when exchange rates will be terrible! :curse:
We were in Oz on our reckie in April and the rate was 2.33 so we've been working on this as a standard conversion ever since. Now I'll be watching the exchange rates like a hawk! We hope to be in Oz by June 2008 - so I'll warn you all now that's when exchange rates will be terrible! :curse:
Aug 15th 2007, 9:17 pm
#58
DownUnder
Joined: May 2003
Location: Thorneside, Brissy
Posts: 1,709
Re: Exchange Rate
Can do it via BACS, and ozforex are happy to wait the 3-4 days for the cash.
Aug 15th 2007, 9:25 pm
#59
Worongary
Joined: Sep 2005
Location: GC hinterland
Posts: 10,288
