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oh god whats happening to the exchange rate!!!

oh god whats happening to the exchange rate!!!

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Old Feb 16th 2007, 9:20 pm
  #1  
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Unhappy oh god whats happening to the exchange rate!!!

Nicely hovering above 2.50 sometimes getting to 2.54 but never below... Now its in free fall .. 2.476 and still falling.

I know the pound is suffering with poor high street sales which might put off an interest rate rise, but you'd think it could hold its own against the AUD.. Even the GBP/AUD hasn't done as badly. Doesn't the world know I'm transferring my worldly goods to OZ in the next few months.

Watch a fair few dollars drift away live

http://www.moneycorp.com/chart/charts_pop.html
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Old Feb 16th 2007, 9:42 pm
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Default Re: oh god whats happening to the exchange rate!!!

Originally Posted by datamile
Nicely hovering above 2.50 sometimes getting to 2.54 but never below... Now its in free fall .. 2.476 and still falling.

I know the pound is suffering with poor high street sales which might put off an interest rate rise, but you'd think it could hold its own against the AUD.. Even the GBP/AUD hasn't done as badly. Doesn't the world know I'm transferring my worldly goods to OZ in the next few months.

Watch a fair few dollars drift away live

http://www.moneycorp.com/chart/charts_pop.html
Should have fixed the exchange rate.I managed to fix it at $2.53 two weeks ago with Hifx
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Old Feb 16th 2007, 9:47 pm
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Default Re: oh god whats happening to the exchange rate!!!

Originally Posted by brad
Should have fixed the exchange rate.I managed to fix it at $2.53 two weeks ago with Hifx

Hi Brad,

Did you have to send a certain percentage of money to fix the rate??
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Old Feb 16th 2007, 10:01 pm
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Default Re: oh god whats happening to the exchange rate!!!

Think your self lucky we got $2.33 18 months ago on £140k, yes that's a lot of $ less than now.
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Old Feb 16th 2007, 10:03 pm
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Default Re: oh god whats happening to the exchange rate!!!

Originally Posted by fraser
Think your self lucky we got $2.33 18 months ago on £140k, yes that's a lot of $ less than now.
Think we got around the 2.4 mark. I mentioned this to my mother and she goes "oooh... when we came out it was over three dollars to the pound... " yea, thanks for that mum.
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Old Feb 16th 2007, 10:05 pm
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Default Re: oh god whats happening to the exchange rate!!!

Originally Posted by Hutch
Think we got around the 2.4 mark. I mentioned this to my mother and she goes "oooh... when we came out it was over three dollars to the pound... " yea, thanks for that mum.
That explains why your mum has a nice pool and we don't
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Old Feb 16th 2007, 10:07 pm
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Default Re: oh god whats happening to the exchange rate!!!

Originally Posted by macker
Hi Brad,

Did you have to send a certain percentage of money to fix the rate??
We have decided to go with HIFX.

We have asked them to book a rate of 2.53 however that will only come into effect if the exchange rate goes up.

Panicking now as we are supposed to transfer Our funds in the next couple of weeks.

I am praying the rate goes up..as we aren't taking that much money to begin with
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Old Feb 16th 2007, 10:45 pm
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Default Re: oh god whats happening to the exchange rate!!!

Originally Posted by macker
Hi Brad,

Did you have to send a certain percentage of money to fix the rate??
Hi Macker
I had to put 10% up front
Brad
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Old Feb 16th 2007, 11:07 pm
  #9  
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Default Re: oh god whats happening to the exchange rate!!!

Originally Posted by brad
Hi Macker
I had to put 10% up front
Brad

Hi,

Yes , I thought that. I was hoping you would say different though
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Old Feb 17th 2007, 12:09 am
  #10  
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Default Re: oh god whats happening to the exchange rate!!!

Originally Posted by fraser
Think your self lucky we got $2.33 18 months ago on £140k, yes that's a lot of $ less than now.
Ditto!

But at the end of the day we were grateful for what we got, could have come with nothing
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