Pound - AUD exchange rates
#31
Forum Regular
Joined: Jun 2009
Posts: 66
Re: Pound - AUD exchange rates
It is very easy to say that you will wait for 2.50, but that might take 4 years! if it was as easy as that then everyone would just trade at 2.50. I do agree waiting is a good option, but it all depends on the individuals circumstances, when you will need the money. Most people that i have spoken to generally will need it in a year
#32
Re: Pound - AUD exchange rates
It is very easy to say that you will wait for 2.50, but that might take 4 years! if it was as easy as that then everyone would just trade at 2.50. I do agree waiting is a good option, but it all depends on the individuals circumstances, when you will need the money. Most people that i have spoken to generally will need it in a year
#33
Re: Pound - AUD exchange rates
Its far more stressfull working long hours, earning what you could have got for free if you had waited for the exchange rate to improve, i tell yeh, work versus waiting, there is no debate there my friend. On a £100k, waiting for 2.5:1 from the current level of 2:1 is $50k.
Not having funds when you need them is a damned sight more stressful than transferring the funds at a lower rate.
#34
Just Joined
Joined: Jul 2009
Location: Oxfordshire, will be in Melb for 4 months at Christmas
Posts: 18
Re: Pound - AUD exchange rates
#35
Forum Regular
Joined: Jun 2009
Posts: 66
Re: Pound - AUD exchange rates
If you could guarentee 2.50 in 4 years and you didnt need it then i agree its a good option, but the chances are you will need money before then and could get caught short!!
#36
Re: Pound - AUD exchange rates
HiFX are currently offering me 1.9872 to transfer up to £10,000 (AU$19,872).
- CDM
- CDM
#37
BE Forum Addict
Joined: Apr 2008
Location: Epsom
Posts: 1,705
Re: Pound - AUD exchange rates
Well I tend to agree with the sentiment in this article :
http://www.timesonline.co.uk/tol/com...cle6737848.ece
It will be a very long time before the £ is as strong as 2.5, if ever. It will be range bound between 1.80 and 2.20 for a very long time.
A couple of interest rate rises and good economic announcements in Aus will easily make the $ stronger.
http://www.timesonline.co.uk/tol/com...cle6737848.ece
It will be a very long time before the £ is as strong as 2.5, if ever. It will be range bound between 1.80 and 2.20 for a very long time.
A couple of interest rate rises and good economic announcements in Aus will easily make the $ stronger.
#38
BE Enthusiast
Joined: Sep 2008
Location: newbury
Posts: 943
Re: Pound - AUD exchange rates
Look at the end of the day you all have not got a clue what happens happens.
#39
Re: Pound - AUD exchange rates
Is the calc on HiFx front page accurate?
if so.....£10k today is $20173.2571 AUD
if so.....£10k today is $20173.2571 AUD
#42
Forum Regular
Joined: Jan 2009
Posts: 146
Re: Pound - AUD exchange rates
My opinion is this:
1. AUD is very much influenced by the price of copper and iron ore. Does anybody think that the demand for raw material will go up?
2. The Reserve Bank of Australia is rhinking about hiking interest rate, when many developed nations are unable to do so.
All that means AUD will only get stronger.
1. AUD is very much influenced by the price of copper and iron ore. Does anybody think that the demand for raw material will go up?
2. The Reserve Bank of Australia is rhinking about hiking interest rate, when many developed nations are unable to do so.
All that means AUD will only get stronger.
#43
Re: Pound - AUD exchange rates
All rates shown are based on today's Interbank rates. This is the rate at which banks and brokers buy and sell money to each other. Private individuals and small to medium sized businesses cannot access these rates. They are therefore provided for indicative purposes only.
- CDM
#44
Re: Pound - AUD exchange rates
Bugger!!!
So is Hifx the way forward ya reckon?
I have posted a new post about the confusion and dilemia im facing with my lack of knowledge in this field
Appreciate your comments ont here please CDM
Thanks jase
So is Hifx the way forward ya reckon?
I have posted a new post about the confusion and dilemia im facing with my lack of knowledge in this field
Appreciate your comments ont here please CDM
Thanks jase
#45
Re: Pound - AUD exchange rates
Other than that, I'm not sure what else I can tell you.
- CDM