Really fed up
May 9th 2004, 12:44 pm
#16
Banned
Joined: Feb 2003
Posts: 3,467
We lost 6k nz dollars 
exchanged the day before exchange rates soared and I have just had another look and we would have got 12k more at todays rate :scared:
Am wishing I hadnt read this thread
exchanged the day before exchange rates soared and I have just had another look and we would have got 12k more at todays rate :scared: Am wishing I hadnt read this thread
May 9th 2004, 12:55 pm
#17
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Joined: Jun 2002
Location: Gold Coast- the best place in the world
Posts: 3,196
I am wishing we hadn't exchanged our money 5 months ago it was 2.3 something them and really crap!
You win some you lose some, no point getting peeved about it, just think at least you are coming out here to live!!
You win some you lose some, no point getting peeved about it, just think at least you are coming out here to live!!
May 9th 2004, 4:10 pm
#18
Lost in BE Cyberspace
Joined: Apr 2004
Posts: 10,375
Cheer up peeps, once you have exchanged its best not to look for a while, that aussie dollar is a hard one to pick at the best of times, look at all the financial forcasters they all had it going up! If they cant get it right how can we mere mortals be expected to.
Just read on Yahoo ( I think) the OZ government may step in and prop it up. All I know is I could kick my husband I wanted him to buy a little flat in the UK so my son has somewhere to go back to, now that same flat would cost us about $50,000 more just 3 months later currency wise, and the flats probably gone up too.
Just read on Yahoo ( I think) the OZ government may step in and prop it up. All I know is I could kick my husband I wanted him to buy a little flat in the UK so my son has somewhere to go back to, now that same flat would cost us about $50,000 more just 3 months later currency wise, and the flats probably gone up too.
May 9th 2004, 6:48 pm
#19
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Joined: Jan 2004
Location: Melbourne
Posts: 400
Re: Really fed up
Originally posted by debsy
Oh dear I am really fed up as I exchanged all my sterling on friday with what I thought was good rate. I am sure that the rate is going to rocket now and I am going to be really pd off now.
Never act in haste
Oh dear I am really fed up as I exchanged all my sterling on friday with what I thought was good rate. I am sure that the rate is going to rocket now and I am going to be really pd off now.
Never act in haste
Debsy - at least now you have converted it can be a weight of your mind - and 2.50 isn't a bad rate really.
Think of the people who are greedy and will wait for 2.70 and if it gets there wait for 2.80 and end up missing it on the way down and exchanging at 2.40.
You set a target and achieved it.
Also you will earn a better interest rate on A$ than £, and you may still have £ pension assets you can convert later.
And remember - it's only money
May 9th 2004, 11:28 pm
#20
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Joined: Jun 2003
Location: Mandurah WA
Posts: 1,395
We watched the whole time we were applying about 2.7 then as the house went on the market 2.5 and by the time we left 2.3.
Now we are here and our money is in dollars it is on its way back up.
All a very risky business and upsetting when you think of what you might of had, but we didn't so we have to be satisfied and not worry about it too much.
Whisky
Now we are here and our money is in dollars it is on its way back up.
All a very risky business and upsetting when you think of what you might of had, but we didn't so we have to be satisfied and not worry about it too much.
Whisky
May 9th 2004, 11:32 pm
#21
High in the Dandenongs
Joined: Apr 2003
Location: Listening to Puffing Billy
Posts: 9,183
Originally posted by whisky
We watched the whole time we were applying about 2.7 then as the house went on the market 2.5 and by the time we left 2.3.
Now we are here and our money is in dollars it is on its way back up.
Whisky
We watched the whole time we were applying about 2.7 then as the house went on the market 2.5 and by the time we left 2.3.
Now we are here and our money is in dollars it is on its way back up.
Whisky
Changed our last bit last week too
May 9th 2004, 11:33 pm
#22
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Thread Starter
Joined: May 2003
Location: GC
Posts: 3,353
You are right Whisky. I am ok now as at least I have not got the stress of worrying about it anymore. It is in a high deposit account offshore until we go in September. The interest we get is great so that makes up for it.
I feel so sorry for those poor so*ds that exchanged at 2.35.
Have a nice day.
I feel so sorry for those poor so*ds that exchanged at 2.35.
Have a nice day.
May 9th 2004, 11:39 pm
#23
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Joined: Jun 2003
Location: Mandurah WA
Posts: 1,395
I was one of those poor sods
Whisky
Whisky
May 9th 2004, 11:42 pm
#24
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Thread Starter
Joined: May 2003
Location: GC
Posts: 3,353
Originally posted by whisky
I was one of those poor sods
Whisky
I was one of those poor sods
Whisky
May 9th 2004, 11:50 pm
#25
Lost in BE Cyberspace
Joined: Apr 2004
Posts: 10,375
Originally posted by whisky
We watched the whole time we were applying about 2.7 then as the house went on the market 2.5 and by the time we left 2.3.
Now we are here and our money is in dollars it is on its way back up.
All a very risky business and upsetting when you think of what you might of had, but we didn't so we have to be satisfied and not worry about it too much.
Whisky
We watched the whole time we were applying about 2.7 then as the house went on the market 2.5 and by the time we left 2.3.
Now we are here and our money is in dollars it is on its way back up.
All a very risky business and upsetting when you think of what you might of had, but we didn't so we have to be satisfied and not worry about it too much.
Whisky
Agree its risky, its horrible to think of how much people who changed recently would have lost if they now try to change back again. Might be best not to look for a while, whats done is done. But if all these posts on housing going backwards, (although that depends on area), and the dollar dropping so drastically are to be correct it make me wonder whats in store job wise, economy wise for OZ? :scared:
