Exchange Rates.
Jan 22nd 2003, 4:41 am
#16
BE Forum Addict
Joined: Jun 2002
Location: Gold Coast- the best place in the world
Posts: 3,196
If the rate stays low and you are about to leave for Aus, why don't you leave your money in an English bank account and then transfer it when the rate becomes more favourable. If you have internet banking, which most of the banks offer, this will be simple to do. You can open an ccount in oz and if the rate is still grim just transfer minimal amounts. Any lumps of money left can wait until the rate gets higher.
You can also still use your British credit card, they always give the best exchange rate.
We are going to do this if it is low when we leave. My husband studied economics so he is full of bright ideas!
You can also still use your British credit card, they always give the best exchange rate.
We are going to do this if it is low when we leave. My husband studied economics so he is full of bright ideas!
Jan 22nd 2003, 9:19 am
#17
Senior member
Joined: Sep 2002
Location: Paris
Posts: 835
Originally posted by tinaj
If the rate stays low and you are about to leave for Aus, why don't you leave your money in an English bank account and then transfer it when the rate becomes more favourable. If you have internet banking, which most of the banks offer, this will be simple to do. You can open an ccount in oz and if the rate is still grim just transfer minimal amounts. Any lumps of money left can wait until the rate gets higher.
You can also still use your British credit card, they always give the best exchange rate.
We are going to do this if it is low when we leave. My husband studied economics so he is full of bright ideas!
If the rate stays low and you are about to leave for Aus, why don't you leave your money in an English bank account and then transfer it when the rate becomes more favourable. If you have internet banking, which most of the banks offer, this will be simple to do. You can open an ccount in oz and if the rate is still grim just transfer minimal amounts. Any lumps of money left can wait until the rate gets higher.
You can also still use your British credit card, they always give the best exchange rate.
We are going to do this if it is low when we leave. My husband studied economics so he is full of bright ideas!
We are actually very very lucky that I still get paid in pounds from the UK and we get that put into a UK savings account and transfer enough to pay off our Australian credit card balance each month. We manage to pay the rent, bills and cash expenses using my wife's Australian salary so it works quite well for us and means we saving for our return with no exposure to the Aussie dollar.
Jan 22nd 2003, 10:26 am
#18
BE Enthusiast
Joined: Jul 2002
Location: B.c Canada
Posts: 910
Re: Exchange Rates.
Originally posted by scoobydooathome
Does anyone know why the rate has become less favourable over the last 5 days, as it was $2.84 a pound now it's $2.75, (5 days later) what is going on, will it go up again, at a guess ...
Comments please,
Thanks.
Does anyone know why the rate has become less favourable over the last 5 days, as it was $2.84 a pound now it's $2.75, (5 days later) what is going on, will it go up again, at a guess ...
Comments please,
Thanks.
I wish I had the same problem my Cdn $ is worth peanuts to the British Pound, for my $100 I only get 40 British pounds
:scared:
Jan 22nd 2003, 4:05 pm
#19
BE Forum Addict
Joined: Feb 2002
Location: Dream life UK....
Posts: 2,912
Goody Goody, my Aussie dollar now buys 36p not 35p.
(You'll understand this post once in OZ)
(You'll understand this post once in OZ)
Jan 23rd 2003, 10:38 pm
#20
Forum Regular
Joined: Sep 2002
Location: Perth
Posts: 159
Re: Exchange Rate
Originally posted by shellypuss
I admit I dont have a clue about money issues but when we contacted the money exchange people over Christmas they told us that the exchange rate would probably go down as oil becomes more expensive per barrell.
Don't know if this is true though.
I equate money to how much chocolate it will buy me
Shelly
I admit I dont have a clue about money issues but when we contacted the money exchange people over Christmas they told us that the exchange rate would probably go down as oil becomes more expensive per barrell.
Don't know if this is true though.
I equate money to how much chocolate it will buy me
Shelly
Jan 29th 2003, 9:31 pm
#21
BE Enthusiast
Thread Starter
Joined: Dec 2002
Location: United Kingdom.
Posts: 503
Re: Exchange Rates.
Originally posted by scoobydooathome
Does anyone know why the rate has become less favourable over the last 5 days, as it was $2.84 a pound now it's $2.75, (5 days later) what is going on, will it go up again, at a guess ...
Comments please,
Thanks.
Does anyone know why the rate has become less favourable over the last 5 days, as it was $2.84 a pound now it's $2.75, (5 days later) what is going on, will it go up again, at a guess ...
Comments please,
Thanks.
The rate is now 2794 per pound, going up up and away ...
GONE UP 8 CENTS IN A WEEK,
If you are moving back to th UK it may not be good news, sorry ...
good luck to all emigrating to OZ,
Jan 29th 2003, 9:47 pm
#22
Came Back 2003
Joined: Sep 2001
Location: Home & Settled
Posts: 659
Re: Exchange Rates.
Originally posted by scoobydooathome
Hi Folks,
The rate is now 2794 per pound, going up up and away ...
GONE UP 8 CENTS IN A WEEK,
If you are moving back to th UK it may not be good news, sorry ...
good luck to all emigrating to OZ,
Hi Folks,
The rate is now 2794 per pound, going up up and away ...
GONE UP 8 CENTS IN A WEEK,
If you are moving back to th UK it may not be good news, sorry ...
good luck to all emigrating to OZ,
