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I wonder if now is a good time to send dollars back to the UK

I wonder if now is a good time to send dollars back to the UK

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Old Sep 10th 2012, 9:04 am
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Default I wonder if now is a good time to send dollars back to the UK

Lot of chatter about the need for the Aussie dollar to go down
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Old Sep 10th 2012, 9:20 am
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Default Re: I wonder if now is a good time to send dollars back to the UK

I have been wondering the same and have been following the exchange rate on XE. It appears to be going up again.

Any financial experts out there ? Please pass on your advice.
Thanks
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Old Sep 10th 2012, 9:40 am
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Default Re: I wonder if now is a good time to send dollars back to the UK

I'm not a financial expert and I don't think you need to be, to realise that the good days are coming to an end, Australia looks like it is heading towards a slow down in its economy, just how bad it will be nobody can assess, but it's highly likely that the dollar will start heading towards $2 to £1 in the next year or so, but it's all guess work.
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Old Sep 10th 2012, 9:54 pm
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Default Re: I wonder if now is a good time to send dollars back to the UK

Originally Posted by Pit Bull.
I'm not a financial expert and I don't think you need to be, to realise that the good days are coming to an end, Australia looks like it is heading towards a slow down in its economy, just how bad it will be nobody can assess, but it's highly likely that the dollar will start heading towards $2 to £1 in the next year or so, but it's all guess work.
I'm starting to notice a slow down in the engineering sector which seems to be ripple on from the slow down in the mining sector. Both of which have been very strong over the past years.
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Old Sep 10th 2012, 10:25 pm
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Default Re: I wonder if now is a good time to send dollars back to the UK

I was thinking the same thing! Just need some $$
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Old Sep 11th 2012, 12:50 am
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Default Re: I wonder if now is a good time to send dollars back to the UK

I think if you need to send money to the UK now is a very good time to do it.
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Old Sep 11th 2012, 12:54 am
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Default Re: I wonder if now is a good time to send dollars back to the UK

Originally Posted by Beoz
Lot of chatter about the need for the Aussie dollar to go down
The only way is down for the AUD.
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Old Sep 11th 2012, 1:00 am
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Default Re: I wonder if now is a good time to send dollars back to the UK

Originally Posted by Beoz
I'm starting to notice a slow down in the engineering sector which seems to be ripple on from the slow down in the mining sector.
It is slowing but nowhere near as bad as it was in '08. Not even in the same ballpark.
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Old Sep 11th 2012, 1:15 am
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Default Re: I wonder if now is a good time to send dollars back to the UK

Originally Posted by Amazulu
It is slowing but nowhere near as bad as it was in '08. Not even in the same ballpark.
Yet???? Maybe
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Old Sep 11th 2012, 1:20 am
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Default Re: I wonder if now is a good time to send dollars back to the UK

Originally Posted by Beoz
Yet???? Maybe
Who knows
I'll leave that for others to decide
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Old Sep 11th 2012, 2:45 am
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Default Re: I wonder if now is a good time to send dollars back to the UK

It'll drop but I don't think it'll get close to 2 to 1 for a while yet
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Old Sep 11th 2012, 2:50 am
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Default Re: I wonder if now is a good time to send dollars back to the UK

2:1? pipedream ratio. the only one going up will be the American Dollar!
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Old Sep 11th 2012, 3:08 am
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Default Re: I wonder if now is a good time to send dollars back to the UK

Originally Posted by commonwealth
2:1? pipedream ratio. the only one going up will be the American Dollar!
Well that depends on what foreign jaunts they go on next year.
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Old Sep 11th 2012, 3:13 am
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Default Re: I wonder if now is a good time to send dollars back to the UK

election you say?
last weekend some NSW voters wrote "Barack Obama" on their local council ballots!
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Old Sep 11th 2012, 3:15 am
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Default Re: I wonder if now is a good time to send dollars back to the UK

Originally Posted by commonwealth
election you say?
last weekend some NSW voters wrote "Barack Obama" on their local council ballots!
If the Bickers & Berry Predict-o-Matic is anything to go by it's President Romney in January.

http://www.colorado.edu/news/release...ado-study-says
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