1,000.00 British Pounds = 2,497.86 Australian Dollars


http://www.ozforex.com.au/cgi-bin/convert.asp

There ya go!

2.502209

Use oxforex or moneycorp or hifx if you are registered with them, they will give you 1.5-1 c of the interbank rate.

2.51 now !!! bugger yesterday money change.

I used www.tranzfers.com

I think they are part of Ozforex and I always thought the rates they offered were great.

This is incredible. 2.51

Why o why do I not have my money from my house sale yet... damn it!

Why do i have my house money locked in to a fixed rate bank account for 3 months:curse:

I know frustrating isn't it?

2.52 now.

I reckon it could do 10c in a day.. that's nuts!

Why the **** is this happening, will it not fall just as fast. Oz interest rates go up then the exhange rate should favour oz, but its gone the other way, Idont understand

The pound seems to be pretty stable against the USD and it looks like this is particular to the aussie dollar (and kiwi) getting sold off.

I reckon Aus is more susceptible to interest rates than the UK because people here are encouraged to have so much debt with the tax system / multiple investment properties. So when all this sub-prime lending stuff spooks the markets its an even bigger concern for Oz.

re my post #67 for some reasons why - it is a lot more complicated than just interest rates

Just called Barclays - they can do 2.4897 today and tomorrows rate will be 2.4895 - how can they already have a spot rate for tomorrow?????

Sorry to change subjest but where in herts are you, we are having a meet up soon if you are interested

Mick

That's crap - Ozforex would do you 2.52 right now.

Buzzy

Do we think it will stay this high for some time to come?

You can lock this rate for a future time. All you need is 5% deposit. See forward trades on the OzForex site