Exchange rates
#1
Exchange rates
Hi All
Today the Exchange rate of the UK Pound to the Aussie Dollar hit a new 23 year low. You now only get 2.26 AU$ to the Pound. 6 weeks ago it was 2.52AU$ to the Pound.
That means that if you were changing £100,000 this swing would cost you give you approximately AU$26,000 less than six week ago.
OW - THAT IS A SORE ONE!!!!!!
I know these things go up and down all the time but Does anyone know what the forecast is and whether the situation is likely to worsen or improve?
Andy
Today the Exchange rate of the UK Pound to the Aussie Dollar hit a new 23 year low. You now only get 2.26 AU$ to the Pound. 6 weeks ago it was 2.52AU$ to the Pound.
That means that if you were changing £100,000 this swing would cost you give you approximately AU$26,000 less than six week ago.
OW - THAT IS A SORE ONE!!!!!!
I know these things go up and down all the time but Does anyone know what the forecast is and whether the situation is likely to worsen or improve?
Andy
#2
Re: Exchange rates
Hi All
Today the Exchange rate of the UK Pound to the Aussie Dollar hit a new 23 year low. You now only get 2.26 AU$ to the Pound. 6 weeks ago it was 2.52AU$ to the Pound.
That means that if you were changing £100,000 this swing would cost you give you approximately AU$26,000 less than six week ago.
OW - THAT IS A SORE ONE!!!!!!
I know these things go up and down all the time but Does anyone know what the forecast is and whether the situation is likely to worsen or improve?
Andy
Today the Exchange rate of the UK Pound to the Aussie Dollar hit a new 23 year low. You now only get 2.26 AU$ to the Pound. 6 weeks ago it was 2.52AU$ to the Pound.
That means that if you were changing £100,000 this swing would cost you give you approximately AU$26,000 less than six week ago.
OW - THAT IS A SORE ONE!!!!!!
I know these things go up and down all the time but Does anyone know what the forecast is and whether the situation is likely to worsen or improve?
Andy
Trish
#3
Re: Exchange rates
I know tell me about it i had the option to buy 6 weeks ago and didnt. Im now kicking myself with a big pair of steel toe boots
I have 5 weeks before we go so hoping it will go back up and not down
I have 5 weeks before we go so hoping it will go back up and not down
#4
South Yarra Sheila
Joined: Apr 2007
Posts: 1,078
Re: Exchange rates
sites i've looked at reckon it might drop to 2.14 v quickly now it's reached the level it's at! this comboined with gloomy 2008 uk economic forecast doesn't bode well...