exchange rate
May 23rd 2008, 6:10 am
#91
BE Enthusiast
Joined: Aug 2007
Location: Newport Pagnell
Posts: 741
Re: exchange rate
There are two predictions made on earlier posts - 2.4 and 2.6 by this September - I was just wondering what they felt was going to happen between now and then for that to happen...
May 23rd 2008, 6:19 am
#92
has lost The Game
Joined: Apr 2005
Location: Chippendale, Sydney
Posts: 8,735
Re: exchange rate
I think (well I know I was) we were taking the pee. Nobody can predict what the future exchange rate is going to be like. If I could, then I wouldn't be sat in front of this computer working all day.
That being said, consider the talk of petrol in Australia rising to $2.00, which may have something of an inflationary effect across the country. As fuel prices rise, then so in turn will the costs of everything that is delivered by road or air. This may have the knock on effect of taking inflation beyond the desirable level for the Reserve Bank. If this happens, then they are likely to raise interest rates further than they already are, which will likely have a further effect on the exchange rate, one way or another.
S
May 23rd 2008, 6:44 am
#93
Account Closed
Joined: Jun 2005
Posts: 9,316
Re: exchange rate
I'm not allowed to say but just wait to see what happens to the rate in September. 
May 23rd 2008, 6:59 am
#94
BE Enthusiast
Joined: Aug 2007
Location: Newport Pagnell
Posts: 741
Re: exchange rate
Martin - so you weren't taking the pee? I hope not as having lost most of my equity in this cr@ppy UK housing market I'm looking to get a good rate on what little we will have. Its starting to feel quite daunting moving to the other side of the world with no job, no house and no money!!!
May 23rd 2008, 7:10 am
#95
Account Closed
Joined: Jun 2005
Posts: 9,316
Re: exchange rate
Martin - so you weren't taking the pee? I hope not as having lost most of my equity in this cr@ppy UK housing market I'm looking to get a good rate on what little we will have. Its starting to feel quite daunting moving to the other side of the world with no job, no house and no money!!!
It's definitely not a good time to come at the mo if you're bringing loads of money.
Sorry to get your hopes up.
May 23rd 2008, 7:14 am
#96
BE Enthusiast
Joined: Aug 2007
Location: Newport Pagnell
Posts: 741
Re: exchange rate
No worries dude, it is what it is I guess. I can take one positive from your last reply though in that it probably means its a good time to come for me as I will not be bringing loads of cash...
May 23rd 2008, 9:27 am
#97
Joined: Feb 2002
Posts: 721
Re: exchange rate
Very true. On top of that, keep the potential 'trigger factors' in mind.
e.g Dubya getting his wish and starting another war with Iran. Watch the price of oil rocket towards $200 very quickly then....
http://business.theage.com.au/the-us...0522-2hbb.html
e.g Dubya getting his wish and starting another war with Iran. Watch the price of oil rocket towards $200 very quickly then....
http://business.theage.com.au/the-us...0522-2hbb.html
May 23rd 2008, 11:24 am
#98
Devil's Advocate
Joined: Feb 2008
Location: Mandurah
Posts: 2,269
Re: exchange rate
Are you buying a house?
If not i'd hold out for as long as it takes to recover...
we have got a deadline of 31 july to get our money over (an amount similar to yours) and i'm not snapping their hand off at 2.06 as it is currently, i'd rather wait and get 2 (or less
) to the pound - just on the off-chance we can get an upwards blip - time will tell though and what will be will be, it's out of our control now
Getting 6.5% in our UK bank account until then, so no biggy about better interest rates here as the difference isn't that huge...
If not i'd hold out for as long as it takes to recover...
we have got a deadline of 31 july to get our money over (an amount similar to yours) and i'm not snapping their hand off at 2.06 as it is currently, i'd rather wait and get 2 (or less
) to the pound - just on the off-chance we can get an upwards blip - time will tell though and what will be will be, it's out of our control nowGetting 6.5% in our UK bank account until then, so no biggy about better interest rates here as the difference isn't that huge...
Having said that I don't think there is a hope in hell we'll see any significant improvement in the next 12-24 months. (I'm not an expert but did win the last sweepstake thread on here where exchange rates would be!)
May 23rd 2008, 11:43 am
#99
Account Closed
Joined: Jul 2005
Posts: 1,693
Re: exchange rate
Not a chance, if anything below 2 dollars.
UK economy rubber ducked now and getting worse.
Oct 6th 2008, 10:48 pm
#101
Frequent Flyer Member
Joined: Jun 2007
Location: Melbourne
Posts: 10,994
