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Exchange rate AUD Vs GBP £1 buys $1.83

Exchange rate AUD Vs GBP £1 buys $1.83

Old May 20th 2016, 2:52 am
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Default Re: Exchange rate AUD Vs GBP £1 buys $1.83

Originally Posted by Swerv-o
I'll buy a dummies guide and see how it looks

It is probably the riskiest investment - probably only one step away from gambling on horses.


S
Invest $500. Win or lose it from there.
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Old May 20th 2016, 2:54 am
  #407  
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Default Re: Exchange rate AUD Vs GBP £1 buys $1.83

Originally Posted by Beoz
Invest $500. Win or lose it from there.

I'm probably better at Blackjack - plus I get a night out too


S
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Old May 20th 2016, 2:59 am
  #408  
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Default Re: Exchange rate AUD Vs GBP £1 buys $1.83

Originally Posted by bcworld
GBP is suddenly back up over $2 today...$2.02...basically gained 20c in the last month, that it lost in the previous 2 months.
Reaction to the EU referendum poll saying 'stay' was most likely.

Likely that post the vote the rate will further strengthen.
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Old May 20th 2016, 9:35 am
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Default Re: Exchange rate AUD Vs GBP £1 buys $1.83

Originally Posted by GarryP
Reaction to the EU referendum poll saying 'stay' was most likely.

Likely that post the vote the rate will further strengthen.
The fed calling a likely hike in interest rates.
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Old Aug 4th 2016, 1:09 pm
  #410  
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Default Re: Exchange rate AUD Vs GBP £1 buys $1.83

Hmmm it's now $1.72 after the BOE cut 25bps. One more rate cut and it's 0%.

Looking forward to my holiday there soon!
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Old Aug 4th 2016, 2:23 pm
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Default Re: Exchange rate AUD Vs GBP £1 buys $1.83

Originally Posted by commonwealth
Hmmm it's now $1.72 after the BOE cut 25bps. One more rate cut and it's 0%.

Looking forward to my holiday there soon!
Nice. I'm in UK now. That's a nice 2% lift
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Old Aug 4th 2016, 2:28 pm
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Default Re: Exchange rate AUD Vs GBP £1 buys $1.83

Originally Posted by commonwealth
Hmmm it's now $1.72 after the BOE cut 25bps. One more rate cut and it's 0%.

Looking forward to my holiday there soon!
Just did a rather nice transfer. randomly woke up with a craving for strong english cheese and toast. Its freezing just above zero here, celebrating with big mug of tea.
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Old Aug 9th 2016, 6:50 am
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Default Re: Exchange rate AUD Vs GBP £1 buys $1.83

Just a touch off 59 now.
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Old Aug 9th 2016, 12:37 pm
  #414  
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Default Re: Exchange rate AUD Vs GBP £1 buys $1.83

I'm afraid my holiday will be a shopping disaster...I may have to ask for a smaller credit limit
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Old Aug 9th 2016, 2:46 pm
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Default Re: Exchange rate AUD Vs GBP £1 buys $1.83

Originally Posted by jad n rich
Just a touch off 59 now.
And there we have 59. Do we have a 60?
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Old Aug 10th 2016, 10:36 am
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Default Re: Exchange rate AUD Vs GBP £1 buys $1.83

Originally Posted by Beoz
And there we have 59. Do we have a 60?
getting there

AUD to GBP Exchange Rate - Bloomberg Markets

EUR is also looking good at 69.

http://www.bloomberg.com/quote/AUDEUR:CUR
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Old Aug 11th 2016, 8:56 am
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Default Re: Exchange rate AUD Vs GBP £1 buys $1.83

Originally Posted by Beoz
And there we have 59. Do we have a 60?
Will you take 59 and a half.
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Old Aug 11th 2016, 10:14 am
  #418  
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Default Re: Exchange rate AUD Vs GBP £1 buys $1.83

The RBA is gona be livid. They cut interest rates to depreciate the AUD. The opposite thing happened.

Same thing happened to the NZD this morning after the RBNZ cut rates, it went up.
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Old Aug 11th 2016, 10:36 am
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Default Re: Exchange rate AUD Vs GBP £1 buys $1.83

Originally Posted by commonwealth
The RBA is gona be livid. They cut interest rates to depreciate the AUD. The opposite thing happened.

Same thing happened to the NZD this morning after the RBNZ cut rates, it went up.
The best laid plans of mice and men and all that. Sometimes it is more to do with what happens elsewhere. There's more downside pressure on Sterling and I/R's in the UK were cut before RBA did this.

As reported at -http://www.australiandollarforecast.com/

"Sterling has continued to weaken against all major currencies since the Brexit and in particular we have seen Sterling drop to its lowest level to buy Australian Dollars since November 2013.


Even in light of the RBA cutting interest rates last week this has done nothing to weaken the Australian Dollar as the pressure continues to increase on the value of Sterling.


The Bank of England cut interest rates for the first time since 2009 to their lowest rate in history at just 0.25% and this has caused Sterling to lose value.


Even with Australian interest rates having been cut they are still more attractive than over here in the UK.


The increase of Quantitative Easing has also caused investor confidence to fall in the UK and with consumer confidence at its lowest level since 1990 things are not looking good for Sterling exchange rates.


The Interbank level has fallen below 1.70 as predicted in my previous article and we could potentially see further losses for Sterling to come."
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Old Aug 11th 2016, 8:51 pm
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Default Re: Exchange rate AUD Vs GBP £1 buys $1.83

I still spent pounds on my trip to the UK the past couple of weeks. If we get to 0.65 then I may start spending AUD in the UK.
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