British Expats

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-   -   EXCHANGE RATE (https://britishexpats.com/forum/australia-54/exchange-rate-493351/)

JoolsB Nov 12th 2007 2:03 am

Re: EXCHANGE RATE
 

Originally Posted by Speargun (Post 5545147)
Sorry means basically that the pound should become a bit stronger against the dollar this week ..(how I read it - hopefully!)..think weve got a long wait to get up to 240 though!

But as we've come up around 10 cents in the last week another 6 cents not impossible:)

Eastend Girl Nov 12th 2007 2:12 am

Re: EXCHANGE RATE
 
It's a pain for me - my UK state pension is paid into my Aus bank every 4 weeks and over the last couple of months it's gone down and down, this month I got about $120 less! :(

JoolsB Nov 12th 2007 2:25 am

Re: EXCHANGE RATE
 

Originally Posted by Eastend Girl (Post 5545203)
It's a pain for me - my UK state pension is paid into my Aus bank every 4 weeks and over the last couple of months it's gone down and down, this month I got about $120 less! :(

Urgh that is annoying-poor you:( Still it works both ways and when it improves you could be quids in:thumbup: (not much help now tho I know)

Sooty and Sweep Nov 12th 2007 9:44 pm

Re: EXCHANGE RATE
 

Originally Posted by Sooty and Sweep (Post 5544711)
UK Inflation figures released tommorrow, if they are +2% then it will put upward pressure on interest rates here in the UK, so obviously make sterling more attractive to the currency investors!:)

http://news.bbc.co.uk/1/hi/business/7092144.stm
Rising petrol prices pushed the UK inflation rate to 2.1%

Not far out eh? Not bad for a guess ;)

JoolsB Nov 12th 2007 9:50 pm

Re: EXCHANGE RATE
 

Originally Posted by Sooty and Sweep (Post 5548937)
http://news.bbc.co.uk/1/hi/business/7092144.stm
Rising petrol prices pushed the UK inflation rate to 2.1%

Not far out eh? Not bad for a guess ;)

See you do know what you're talking about!;)

Sooty and Sweep Nov 12th 2007 9:55 pm

Re: EXCHANGE RATE
 

Originally Posted by JoolsB (Post 5548952)
See you do know what you're talking about!;)

I think Sweep would probably disagree with you there, she says, "what you do know, nobody else wants to know", and "what you don't know, you should know". Can't do wrong for right?:(

tillysmum Nov 12th 2007 10:03 pm

Re: EXCHANGE RATE
 
and I thought it was only me sad enough sat here infront of the computer with hifx trading screen on watching $. We moving in 2 weeks OMG :eek: so biting nails waiting for it to creep up towards 2.40 which will settle for

Speargun Nov 12th 2007 10:15 pm

Re: EXCHANGE RATE
 

Originally Posted by tillysmum (Post 5548983)
and I thought it was only me sad enough sat here infront of the computer with hifx trading screen on watching $. We moving in 2 weeks OMG :eek: so biting nails waiting for it to creep up towards 2.40 which will settle for

fingers crossed!!! 2.50 would be even better ;) oh and a buyer for our house even better than that! :D

JoolsB Nov 12th 2007 10:15 pm

Re: EXCHANGE RATE
 

Originally Posted by tillysmum (Post 5548983)
and I thought it was only me sad enough sat here infront of the computer with hifx trading screen on watching $. We moving in 2 weeks OMG :eek: so biting nails waiting for it to creep up towards 2.40 which will settle for

Thats what we would be happy with too-come on £ go up go up go up!!!

The hifx screen stresses me out-up one second, down the next, up a bit, down a bit more etc etc aargh:eek:

nufc Nov 12th 2007 10:36 pm

Re: EXCHANGE RATE
 
it seems to have dropped from yesterday, just dont know what to do, we have sold our house , money waiting to be transferd please go up up up:)

JoolsB Nov 12th 2007 10:47 pm

Re: EXCHANGE RATE
 

Originally Posted by nufc (Post 5549064)
it seems to have dropped from yesterday, just dont know what to do, we have sold our house , money waiting to be transferd please go up up up:)

Same as us-its just so annoying!:zzz:

cczmark Nov 12th 2007 10:53 pm

Re: EXCHANGE RATE
 
The general consensus seems to be that the interest rate in the UK will either stay the same or drop slightly, meaning you will probbaly get less Aussie dollars for your money. The US dollar is bound to fall further but it's not clear how tied in the Aussie dollar is to this. Nobody seems to have a clear answer including all the exchange companies.

We were is the same situation, trying to decide when to transfer. We were very lucky as we got 2.43 on transferring our house proceeds, just after all the sub-prime nonsense gave the US$ a kicking. The difference in the rates compared to a few weeks earlier was the value of a new car!

My advice would be go for anything over 2.30 in the current climate and then DON'T keep looking at the rates after that as it will just stress you out! Good luck...

JoolsB Nov 12th 2007 10:56 pm

Re: EXCHANGE RATE
 

Originally Posted by cczmark (Post 5549093)
The general consensus seems to be that the interest rate in the UK will either stay the same or drop slightly, meaning you will probbaly get less Aussie dollars for your money. The US dollar is bound to fall further but it's not clear how tied in the Aussie dollar is to this. Nobody seems to have a clear answer including all the exchange companies.

We were is the same situation, trying to decide when to transfer. We were very lucky as we got 2.43 on transferring our house proceeds, just after all the sub-prime nonsense gave the US$ a kicking. The difference in the rates compared to a few weeks earlier was the value of a new car!

My advice would be go for anything over 2.30 in the current climate and then DON'T keep looking at the rates after that as it will just stress you out! Good luck...

i almost exchanged at 2.34 yesterday but OH said no-same as he did when it was 2.44 at start of september :frown: he keeps thinking it will get better

nufc Nov 12th 2007 11:12 pm

Re: EXCHANGE RATE
 
Same here nearly done the deed yesterday, this is doin my head in, think if it gets back to what it was yesterday we will send, AND NEVER LOOK AT EXCHANGE RATES EVER EVER EVER AGAIN:confused:

s-jmelbournewannabe Nov 12th 2007 11:18 pm

Re: EXCHANGE RATE
 
its about 2.30 now..


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