Exchange rate volatility
May 12th 2004, 3:08 pm
#1
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Thread Starter
Joined: Jan 2004
Location: Melbourne
Posts: 400
Exchange rate volatility
It's really swinging around at the moment - not for the feint hearted !
May 12th 2004, 4:16 pm
#2
Forum Regular
Joined: Apr 2003
Location: Perth bound July 04
Posts: 70
Re: Exchange rate volatility
Think I'm gonna hold off until the US puts up it's interest rate in June. Also, the BoE issues a report next week which may indicate if another UK int hike is on the cards.
We might see some fun and games after these 2 events.
We might see some fun and games after these 2 events.
May 12th 2004, 4:35 pm
#3
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Joined: Sep 2003
Location: North Lakes/Mango Hill, Brisbane
Posts: 1,134
It's getting a bit panicy..... best rates for a few months and can't chsnge ours till probably end July due to house sale!!!!!
May 12th 2004, 4:45 pm
#4
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Joined: Aug 2003
Location: in adelaide and loving it
Posts: 1,086
billabong
think your scared we have to wait until monday to change ours
still our commonwealth bank stuff came through today so we can transfer the house money straight into it and hold off until there is a better rate:scared:
arlene
think your scared we have to wait until monday to change ours
still our commonwealth bank stuff came through today so we can transfer the house money straight into it and hold off until there is a better rate:scared:
arlene
May 12th 2004, 5:07 pm
#5
Monaco here we!!! oh no
Joined: Aug 2003
Location: Bexleyheath Kent
Posts: 411
Originally posted by Billabong
It's getting a bit panicy..... best rates for a few months and can't chsnge ours till probably end July due to house sale!!!!!
It's getting a bit panicy..... best rates for a few months and can't chsnge ours till probably end July due to house sale!!!!!
Billabong
My understanding is, If you would be happy with that rate you can buy your dollars now on a forward contract. The contract runs indefinetly.
Lets say you wanted to buy £100K in oz dollars? You would need to put 10% down, 10k. The rest of the money is paid when you have sold the house. If your house sale falls through it does not matter as the contract is for an idefinite period of time.
