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Old Aug 16th 2007, 10:07 am
  #91  
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Default Re: Exchange Rate
1,000.00 British Pounds = 2,497.86 Australian Dollars


http://www.ozforex.com.au/cgi-bin/convert.asp
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Old Aug 16th 2007, 10:09 am
  #92  
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Default Re: Exchange Rate
There ya go!

2.502209
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Old Aug 16th 2007, 10:10 am
  #93  
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Default Re: Exchange Rate
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.
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Old Aug 16th 2007, 10:12 am
  #94  
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Default Re: Exchange Rate
I used www.tranzfers.com

I think they are part of Ozforex and I always thought the rates they offered were great.
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Old Aug 16th 2007, 10:14 am
  #95  
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Default Re: Exchange Rate
This is incredible. 2.51

Why o why do I not have my money from my house sale yet... damn it!
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Old Aug 16th 2007, 10:30 am
  #96  
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Default Re: Exchange Rate
Why do i have my house money locked in to a fixed rate bank account for 3 months:curse:
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Old Aug 16th 2007, 10:38 am
  #97  
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Default Re: Exchange Rate
I know frustrating isn't it?

2.52 now.

I reckon it could do 10c in a day.. that's nuts!
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Old Aug 16th 2007, 10:40 am
  #98  
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Default Re: Exchange Rate
Originally Posted by carlosthegerbil
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
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Old Aug 16th 2007, 10:43 am
  #99  
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Default Re: Exchange Rate
Originally Posted by mickagnew
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.
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Old Aug 16th 2007, 10:45 am
  #100  
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Default Re: Exchange Rate
Originally Posted by mickagnew
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
re my post #67 for some reasons why - it is a lot more complicated than just interest rates
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Old Aug 16th 2007, 11:20 am
  #101  
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Default Re: Exchange Rate
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?????
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Old Aug 16th 2007, 11:23 am
  #102  
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Default Re: Exchange Rate
Originally Posted by BrisbaneBound2008
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

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Old Aug 16th 2007, 11:28 am
  #103  
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Default Re: Exchange Rate
That's crap - Ozforex would do you 2.52 right now.

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Old Aug 16th 2007, 11:31 am
  #104  
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Default Re: Exchange Rate
Do we think it will stay this high for some time to come?
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Old Aug 16th 2007, 11:32 am
  #105  
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Default Re: Exchange Rate
Originally Posted by carlosthegerbil
This is incredible. 2.51

Why o why do I not have my money from my house sale yet... damn it!
You can lock this rate for a future time. All you need is 5% deposit. See forward trades on the OzForex site
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