Thanks Urno, that sounds hopeful

I had been reading their rules & regs, but they must be a bit more flexible, so thats great! I must get on with scanning docs now.

Regards, Q

It's up at 2.5269 !!!! We complete on our house on the 28th - please don't let it fall before then - that's another few grand towards my new 4x4!!

You and your fall talk.. now 2.48, stay positive and urge it up, no more talk about falling

I'd cut my balls of for 2.48

For most, this exchange rate fiasco only happens once (or twice, for those that return) in a lifetime. Think of the poor sods who have to go through it every year, and that includes me. Part of my wages are in UK pounds, saved up until I need the dosh or the rates are in my favour. Imagine having to do this, year after year. Fun? Oh yeh!

One eye on the job, the other on the graph...

Paul.

1,000.00 British Pounds = 2,560.85 Australian Dollars

Might see 2.6 today?

Ack! I don't envy you that.

Even when i did it a few months back without the rate taking off to the stars, it was bad enough. Suicidal one minute (after a 30 point drop) and king of the world the next, when it went up!

I do pity the people who deal with millions like this for a job. No wonder they're burnt out by 30!

last friday we did a forward contract with ozforex @ 2.52 to the 1.00. Really chuffed with this, as its been dropping all week. Today down to 2.39 Ughhhhhhhhhh
up up up up up up!!

You did well. I did a deal with them also on Friday, and was happy to get 2.5. Not managed to get all the paperwork sorted yet though, and I haven't heard anything from Westpac about my new account. Q

Hi all, Anyone know whats happening with the current exchange rate; is it going up or down? Our house completes today and we're back in the UK for a holiday so we're hoping to transfer the money back over on a good rate?
Thanks

Its gone back up in the last couple of days because the US sub prime mortgage market is affecting banks globally.

Does this mean its going to keep going up up up ?? Oh its a pain, what do we do??

hey! been reading through this thread - was wondering if someone can advise what we should do with our money...

we are going to Perth on a years working holiday visa, we have about £3000 to take with us, should we transfer it through transferz /hifx etc, or jsut take travellers cheques and depsit into a bank account when we get there?

Wall street down heavily, ASX has followed which is weighing on the AUD.
If Wall Street continues to struggle AUD should go weaker.
If US Fed. cuts interest rates to stave off recession then AUD should get stronger.
Ozforex reckon the short term trend for the AUD is weaker.