kateandderek

hi folks,

i was wondering what people thought of the idea of opening an Aussie bank account now, what with the exchange rate dwindling the way it is. a few months ago it was 2.54 and now it is 2.3. with the amount of money we reckon on taking with us this drop will cost us around 8000 dollars.

thanks

Derek

Don

You could certainly open an AUD a/c, doesn't have to be in AUs, does it?

If you are worried about currency fluctuation, why not hedge your bets and transfer half your capital now, half later?

You can forward buy - say - a year ahead at today's rate for ten percent down at HIFX plc.