Exchange rates
 

Know some of you are holding out for the dollar to rise so I thought you might be interested to know the Commonwealth Bank's forecast for the $ v £ (just found this this morning on www.commbank.com.au)

Dec 03' - 2.4

Mar 04' - 2.25

Jun 04' - 2.2

These are just forecasts let's hope if your holding on for an increase that the experts are wrong (and they have been in the past).

Re: Exchange rates
 

makes for depressing reading, lets hope they are wrong!

there is little to worry about when you are going on a hol and only changing a couple of thousand, but when you sell a house and want to exchange the proceeds the difference could buy you a new 4wd and change.

:scared:

we are going next month hoping rate will creep close to 2.5 just in time for us to exchange our money

fingers crossed

Phil

Fingers crossed indeed. The last time it hit 2.5 was 24/06/03! :(

URRRHHHHH!!!!!

I want good news!!!!!!!!!!:rolleyes:

As someone said yesterday, infact i think it was yourself owieb, you have to take into consideration the rate at which house prices are increasing when deciding to exchange or not, hang on for another 6 months and even if the rate has improved you could still have lost out overall.

Lynn

I certainly did and in our case that was very true.

There's so many factors affecting it all I think people have just got to go with what suits there situation best. It is really gutting to watch the rates change and realise how much money you've lost!

Had we brought money over when we first came we would be $40K richer and could of bought a house for $100K cheaper, so overall we've lost close on $140K, and this doesn't inlcude a year renting!

However, we decided to rent our place out in the UK for a year rather than sell it, thinking that the rates would hold their own and houses wouldn't rise so much!

All I can say is I'm glad I don't work in the money markets! :D

I agree Owieb, it must be gutting but hindsight is a wonderful thing, no point in worrying about it really, you just put it down to experience and get on with it.

Its easily seen i dont have much of the stuff to worry about:D :D

No point in being obsessed with money, it just makes you dull and detracts from the better things in life.

Lynn

Plus I've had been out here a year already and you can't put a price on that! :cool:

I hope i'm as chilled about everything as you are by this time next year, with the movers in 2 weeks the dog going in 4 and us in 6 i dont think i'll ever feel chilled again:scared: :scared:

Lynn

Just wondering if anybody is thinking of forward buying and at what rate are they are aiming for.
I was thinking 2.5 but am I being unrealistic.

Diane