I hope people bought their £'s whilst the going was good its flying up in opposite direction now!

2.12 that's a 4cent climb in 3 hours!!!

My Chart looks like a black ski run!

I decided I would change this morning if I could get £24,000 for my $50,000 - closest I could get was £23,790 I think. There'll probably be lots of wonderful hindsight and kicking myself from now on!! Oh well, c'est la vie....

The Pound has actually strengthened slightly over several currencies today.
Don't think that its a weakening of the Aus $. Sterling is at a real weak point at the moment. I'm no money expert, but in the current climate i cant see it strengthening significantly and consistently for a while just yet

oops it dropped even quicker back down to 2.06!!!???

now climbed up to 2.09 again.

Weird times!!! People out there be making alot of money today!!

And others losing a lot!

Crazy times....

Been watching ( and losing money) the ups and down...down..down of the AUD$ / £.

During the trading day it will go up and down - so unless you are a spot dealer or have an agreed "Spot Price" for your dealer to move on...... Best to only check the rates at the end of a working day (the stock exchange day - not yours!)
No I am not an expert, all of this is what I have been told!

Although its not an actual loss, we have seen over $40000 knocked of the theoretical amount we would have had if we had moved at the 2.35 level.
But we waited for 2.4 !!! which it hit for about 1 day...during a weekend!

Looking at the last 12 months graph on Tranferz the 2 weeks after Christmas 2007 / New Years 2008 - show a lift upwards...so maybe it will follow the pattern, and the UK will drop its interest rates... and the longer Isreal is at "war" with Hammas... there is a threat to petrol which may shoot the markets up again and exchange reates will follow..... Cannot beat a good war for making money!!!!

2.05.............. arghhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh!!!!!!!!!!!!!!! !!!!!!!!:curse:


wish I had a crystal ball, if I'd bought at 2.35 in last few weeks could have brought my money back now and made £12k!!!!!

Could then wait again for that illusive 2.6+!!!!!!!!!!!!!!

This really does do my head in!

Well I got my £24,000 yesterday - but I can't resist seeing how much more I would have got if I'd waited

I really can't see the ER staying this low for long. But then again I never thought it would get this low full stop.

You got a great rate and no way it will last next week once the markets fully open again!

I checked to see what I "could have made" if exchanged all house money at 2.6 in Nov and then brough back at 2.05 and it was scary!!! (Could take 2 years off work!!)

But then crytal balls and all that, we'd all be very rich if it was that easy!!

I'll hold you to that

Looks like you and me both are masochists then

Seems to me it is fairly easy to make some money, it's spotting the very top and very bottom of the market that is difficult - oh and having enough bravery. In a way, I'm glad we only had a very small window of opportunity to transfer most of our money (we only had a couple of days between getting access to our funds in the UK and completing the purchase of our unit) because otherwise all this watching the rate is very stressful.

My OH gets very pee'd off at me going on about what "I have lost" all the time.

I am all set up to try and play the market between now and Oct/Nov when we move to Sunshine Coast with instant deal account set up on internet but just knowing when to jump in is so hard!

I watched from 2.45 thinking would go up to 2.6 again but then 2.35,2.25,2.15 now 2.05!!!:curse:

So if you just bought £'s back is that because you sent out at a better rate and have now made some profit? if so good on ya and hopefully now £ goes up again and you can send back out!

Who did you go with? Link?

Thanks

I set up an ozforex.com account last time i worked in sydney but same sign on works on ukforex.com as all same company.
so I'm all poised to buy dollars soon as rate goes above 2.33 which is rate I last bought £ at.

Some was bought at 2.50, some at 2.60 and some earned in Oz, so we have made a profit on the first two elements of a bit over £3,000, so I am happy with that. Mind you, the reason most of it was sent over in the first place is because our unit is scheduled for improvements by the Body Corporate which we are guessing will cost rather more than $50,000. But they've done precious little other than talk about it for the past 18 months and we've no idea when the money will be needed, but it won't be soon so we thought we'd take a little gamble and hope we end up with more than $50,000......

I've used Ukforex and HiFX and been happy with both so far.

ok so its seems as there are a few on here who know what they are talking about regarding ER ,so heres one for you all and please remember i am only after your opinions its not like im going to blame anybody for any decision i eventually make, back in sept when rate was high approx 2.6 i changed a large amount of sterling into au dollars and opened bank account and deposited , after seeing the rate of the last few days and reading the comments posted on here by everyone im wondering if the sensible thing to do is now change it all back and make a substantial profit? we had our visa granted this week and at the moment i am currently out of work here in the uk and as yet have not secured a job in au ,my thinking is that the profit i would make would at least mean i would have a bit of income till we decide when best time is to move ,also by the time we make that decision ER will have restabilised and we would exchange again for another profit ,i realise that no one can predict the ER week to week but surely it cant stay this low too long thereby increasing my chances of making another profit??like i say just after peoples opinions ,in case noboby picked it up i am the OH of the usual poster who uses this username so dont want to start ww3 for her!!lol thx for taking the time to look and offering your opinions if you do post a reply ,thx