oh dear oh dear
#1
oh dear oh dear
The exchange rate is $2.21 to the pound and falling..it'll soon be below 2.2
Woe is me
Lee
Woe is me
Lee
#2
Re: oh dear oh dear
i try not to watch it, that way when are ready to change our money we will just have to accept it at what it is, no looking back
Hope it doesnt get any worse though.
Hope it doesnt get any worse though.
#3
Re: oh dear oh dear
Yikes!
We went over in August and got 2.42, can’t believe it’s gone down that much.
T
We went over in August and got 2.42, can’t believe it’s gone down that much.
T
#4
South Yarra Sheila
Joined: Apr 2007
Posts: 1,078
Re: oh dear oh dear
I exchanged 2 amounts a few weeks back at 2.34 and 2.32 thank God. OH wanted to hold out for more but as I am now telling him-always listen to your woman!
#7
Forum Regular
Joined: Mar 2007
Location: Rotherham, UK
Posts: 71
Re: oh dear oh dear
Sent some money home to UK this week and got 2.27 which I thought was good. Today it's 2.20! Could have gotten an extra £200 if I had waited 3 days (... or equally could have lost £200+ if it had gone the other way!) It's so unpredictable
#8
BE Enthusiast
Joined: Feb 2007
Location: WA but not forever!!!
Posts: 943
Re: oh dear oh dear
Repeat after me. ITS GOING UP, ITS GOING UP ITS GOING UP, ITS GOING UPITS GOING UP, ITS GOING UPITS GOING UP, ITS GOING UPITS GOING UP, ITS GOING UPITS GOING UP, ITS GOING UPITS GOING UP, ITS GOING UPITS GOING UP, ITS GOING UPITS GOING UP, ITS GOING UPITS GOING UP, ITS GOING UPITS GOING UP, ITS GOING UPITS GOING UP, ITS GOING UPITS GOING UP, ITS GOING UP
#9
Forum Regular
Joined: Aug 2007
Posts: 142
Re: oh dear oh dear
exchange always fluctuate I know but why is it so low?? Is it because its oz's summer???
When you holiday in June & July all the exchange rate seems crap ie the us $ and the euro, so ill it go back up ????
Dont anyone reply calling me think I know what i'm on about
When you holiday in June & July all the exchange rate seems crap ie the us $ and the euro, so ill it go back up ????
Dont anyone reply calling me think I know what i'm on about
#10
Forum Regular
Joined: Mar 2007
Location: Rotherham, UK
Posts: 71
Re: oh dear oh dear
Ozforex is quoting 2.1978 today. Can it go any lower? Just wish I had some more $ to convert...
#12
Re: oh dear oh dear
I'm sure this has been asked before, but just how savvy are "they" about currency trading? (on a very amateur domestic level, not as a profession).
E.g. if I changed $10,000 to £, then wait for the rate to improve and bring it back, the profit would be taxable, correct? Would it be capital gains? Is that around 40%, as in UK? [Am thinking that it might be worth doing, even with the tax payable - it's free money!] [obviously is also danger that rates continue in same direction, but think this is highly unlikely to continue indefinitely] Has anyone dabbled in this?
E.g. if I changed $10,000 to £, then wait for the rate to improve and bring it back, the profit would be taxable, correct? Would it be capital gains? Is that around 40%, as in UK? [Am thinking that it might be worth doing, even with the tax payable - it's free money!] [obviously is also danger that rates continue in same direction, but think this is highly unlikely to continue indefinitely] Has anyone dabbled in this?
#13
Re: oh dear oh dear
I'm sure this has been asked before, but just how savvy are "they" about currency trading? (on a very amateur domestic level, not as a profession).
E.g. if I changed $10,000 to £, then wait for the rate to improve and bring it back, the profit would be taxable, correct? Would it be capital gains? Is that around 40%, as in UK? [Am thinking that it might be worth doing, even with the tax payable - it's free money!] [obviously is also danger that rates continue in same direction, but think this is highly unlikely to continue indefinitely] Has anyone dabbled in this?
E.g. if I changed $10,000 to £, then wait for the rate to improve and bring it back, the profit would be taxable, correct? Would it be capital gains? Is that around 40%, as in UK? [Am thinking that it might be worth doing, even with the tax payable - it's free money!] [obviously is also danger that rates continue in same direction, but think this is highly unlikely to continue indefinitely] Has anyone dabbled in this?
If you were to use one company for Au-->UK, wait for a favourable turnaround in the rate, and then use a different company for the UK-->Au leg, then you could, in theory, use these fluctuations to your advantage.
There would appear to be a tax and compliance issues though. (and I'm not condoning that kind of behaviour )
big.
#14
Account Closed
Joined: Jun 2007
Posts: 8,913
Re: oh dear oh dear
It's good for those going back to UK.
#15
Re: oh dear oh dear
I'm sure this has been asked before, but just how savvy are "they" about currency trading? (on a very amateur domestic level, not as a profession).
E.g. if I changed $10,000 to £, then wait for the rate to improve and bring it back, the profit would be taxable, correct? Would it be capital gains? Is that around 40%, as in UK? [Am thinking that it might be worth doing, even with the tax payable - it's free money!] [obviously is also danger that rates continue in same direction, but think this is highly unlikely to continue indefinitely] Has anyone dabbled in this?
E.g. if I changed $10,000 to £, then wait for the rate to improve and bring it back, the profit would be taxable, correct? Would it be capital gains? Is that around 40%, as in UK? [Am thinking that it might be worth doing, even with the tax payable - it's free money!] [obviously is also danger that rates continue in same direction, but think this is highly unlikely to continue indefinitely] Has anyone dabbled in this?
If the gain was taxable in Aus it would be at your marginal tax rate, so probably 30 or 40% depending on your income.