chugo101

Just looked on Ozforex and the rate is up to 2.38, although on the quotes its only at 2.367.

Any idea if this is going to get back up to the 2.40 mark??

I need to bring money over by the middle of January to pay for land but I'm just debating how long to sit it out for?

2.45 would be great but I'd settle for 2.40.

Kalenge

The last time it rose as quickly as this it got beyond 2.5. I think I'll probably jump in at 2.45 and beyond, but would want to see it take a small downward trend first before I buy. Wouldn't want to miss out if it keeps going up.

I've got some alerts set on OzForex for various exchange rates. I get the emails for these alerts, but don't get the SMS alerts. Does anyone else manage to receive these phone text alerts?

NedKelly

You should be able to set a rate with your bank so that if that rate is reached your funds will be automatically converted.

Kalenge

I wouldn't want an automatic conversion though as I'd like to at least have a chance to review the current trend before committing. If it's still an upward trend then I'd want to hold off exchanging.

sammyg

oh yes!
watching it with a keen eye Lets see what thurs and fri bring?!

Kalenge

I feel like I need an alarm clock that connects up to HiFX so I can keep an eye on it

Just hit 2.3751 now. Daren't go to bed !

datamile

Rates go up when watched.... Go down when you are sleeping or need the money on a certain date.

Kalenge

Bugger ... I always wondered about that. Maybe I should just forfeit a nights worth of sleep and be done with it

chugo101

Lets just place all our thoughts on it going up........... I really need some good luck, a bit extra could pay for my outdoor deck!!

up..........up...........up...............

Pinkie

We booked 2.47 with Moneycorp last time it was doing well and literally the day after the thing with the northern rock happened, the markets went haywire and within hours we'd 'lost' thousands! Trying to keep that in perspective though, can't lose what you didn't have and all that. Great news that it's going back up though, fingers crossed for us all as it makes a huge difference

manc1

I believe the ozy dollar value will drop another 3 to 4cents over the coming weeks. Be patient.

Nick11

Would have thought it was going up because of the uncertainty over the election on saturday.

chugo101

Oh no, I'm not very good at being patient!! although if it means more 'potential' $'s then I'll have to be!!

datamile

3c on a labor win, unless its so certain now that the market has already factored it in.

Rosscarbery

I'm checking this hourly as well. We dropped our limit order from 2.5 to 2.4 recently. I wish I understood enough about economics to decide whether the election results will be good or bad for the exchange rate. My very naive assumption is that if Labour win the market might be jittery and the dollar might drop. Or am I talking crap?