Exchange rates
Oct 8th 2007, 8:42 am
#1
Forum Regular
Thread Starter
Joined: Jul 2007
Posts: 173
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$26,000 less than six week ago.
OW - THAT IS A SORE ONE!!!!!!
I know these things go up and down all the time but Does anyone know what the forecast is and whether the situation is likely to worsen or improve?
Andy
Oct 8th 2007, 8:45 am
#2
BE Forum Addict
Joined: May 2007
Location: Melbourne, Australia
Posts: 1,629
Re: Exchange rates
Hi All
Today the Exchange rate of the UK Pound to the Aussie Dollar hit a new 23 year low. You now only get 2.26 AU$ 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
Oct 8th 2007, 9:31 am
#3
BE Enthusiast
Joined: Mar 2007
Location: Kallaroo, Perth
Posts: 451
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
Oct 8th 2007, 9:40 am
#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...
