Exchange Rates
Nov 18th 2003, 4:17 pm
#1
Forum Regular
Thread Starter
Joined: Jul 2003
Posts: 61
Exchange Rates
Hi
Anyone manage to grab the 2.38 on offer last night, watched it all day decided to buy first thing today but to late went back down
Anyone manage to grab the 2.38 on offer last night, watched it all day decided to buy first thing today but to late went back down
Nov 18th 2003, 4:29 pm
#2
Forum Regular
Joined: Oct 2003
Location: Perth at last!!
Posts: 97
hi,
where do you monitor flucuations in the ER that closley, is there a good web site?
I am going to forward contract soon, and need to start being vigilant!!
Cheers
Angie
where do you monitor flucuations in the ER that closley, is there a good web site?
I am going to forward contract soon, and need to start being vigilant!!
Cheers
Angie
Nov 18th 2003, 4:41 pm
#3
Forum Regular
Joined: Aug 2003
Location: Perth
Posts: 87
anyone got any good suggestions on the best way to transfer your money over?
weve got bank accounts in both UK and AUS and were just about to transfer before this exchange rate gets any worse!!
Not got a great amount(about £15 grand) but dont wanna get stung for a big commission/fees etc
weve got bank accounts in both UK and AUS and were just about to transfer before this exchange rate gets any worse!!
Not got a great amount(about £15 grand) but dont wanna get stung for a big commission/fees etc
Nov 18th 2003, 4:45 pm
#4
Forum Regular
Joined: Oct 2003
Location: Perth at last!!
Posts: 97
hi,
Just one idea if you use a currency agent for your exchange you get higher exchange rate, they will then lodge the money in your aus bank account.
Angie
Just one idea if you use a currency agent for your exchange you get higher exchange rate, they will then lodge the money in your aus bank account.
Angie
Nov 18th 2003, 4:45 pm
#5
BE Enthusiast
Joined: Apr 2003
Location: was Lancashire now Perth
Posts: 516
WE did a froward buy with Halewood a few weeks ago when it was still 2.4 (just about). Once you have registered with them they get in touch when the rate is moving to let you know. last week I got a call to think about buying some more as the rate was really slipping.
Claire
Claire
Nov 18th 2003, 5:36 pm
#6
Account Closed
Joined: Nov 2003
Posts: 1,384
Originally posted by brummie bird
hi,
Just one idea if you use a currency agent for your exchange you get higher exchange rate, they will then lodge the money in your aus bank account.
Angie
hi,
Just one idea if you use a currency agent for your exchange you get higher exchange rate, they will then lodge the money in your aus bank account.
Angie
How does this work, does the agent hold the money and monitor rates for you or do you accept rate at that point in time? How much does this service cost?
Thanks,
mcmercer
Nov 18th 2003, 6:26 pm
#7
Senior Member
Joined: May 2003
Location: Soon 2 Be Ozland
Posts: 317
Originally posted by brummie bird
hi,
where do you monitor flucuations in the ER that closley, is there a good web site?
I am going to forward contract soon, and need to start being vigilant!!
Cheers
Angie
hi,
where do you monitor flucuations in the ER that closley, is there a good web site?
I am going to forward contract soon, and need to start being vigilant!!
Cheers
Angie
hi there,
try www.hifx.co.uk,
register and then look at quotes or the charts, its up to you.
its all there.
hope this helps
kev
Nov 18th 2003, 6:47 pm
#8
Forum Regular
Joined: Aug 2003
Location: Perth
Posts: 87
Cheers for the info.
Just registered and they called me back straight away. Gonna have a proper chat tomorrow with them. Can't understand how they make their money off it though??
Just registered and they called me back straight away. Gonna have a proper chat tomorrow with them. Can't understand how they make their money off it though??
Nov 18th 2003, 7:29 pm
#9
Account Closed
Joined: Nov 2003
Posts: 3,533
We're going through Halewood, they seem really proffesional. I was very dubious at first in wondering where the catch was and how they make their money.
They basically buy in bulk from the money markets and make a profit on exchange rates that way. It won't cost you anything for them to exchange your money but there is a charge for T.T it to your Aussie bank, I think it's about 15.00.
I spoke to them this morning and they are under the same impression as everyone else, the dollar will level out Q1 2004 at 2.2.
Here's hoping it just improves a little buy Aug 2004.
They basically buy in bulk from the money markets and make a profit on exchange rates that way. It won't cost you anything for them to exchange your money but there is a charge for T.T it to your Aussie bank, I think it's about 15.00.
I spoke to them this morning and they are under the same impression as everyone else, the dollar will level out Q1 2004 at 2.2.
Here's hoping it just improves a little buy Aug 2004.
