should I change A$ to £ now?
Jul 13th 2007, 1:27 am
#1
Just Joined
Thread Starter
Joined: Jul 2007
Posts: 3
should I change A$ to £ now?
Hi everyone, I came across this site whilst trawling the net for information on the A$-£ exchange rate, as most of you will already know the dollar seems to be very strong at the moment, I have a large amount of A$ that have been sitting in an off-shore account for about a decade, I sometimes change some into sterling for use in the u.k., my bank has asked me lately if i want to change the lot into sterling, they have offered me a rate of 2.3740, as many of you will have been following the A$ for some time now, would you advise me to take the plunge now, any information or views would be much appreciated.........great forum B.T.W.
Jul 13th 2007, 1:51 am
#2
A rather curious boy
Joined: Aug 2006
Location: Melbourne
Posts: 5,917
Re: should I change A$ to £ now?
Hi everyone, I came across this site whilst trawling the net for information on the A$-£ exchange rate, as most of you will already know the dollar seems to be very strong at the moment, I have a large amount of A$ that have been sitting in an off-shore account for about a decade, I sometimes change some into sterling for use in the u.k., my bank has asked me lately if i want to change the lot into sterling, they have offered me a rate of 2.3740, as many of you will have been following the A$ for some time now, would you advise me to take the plunge now, any information or views would be much appreciated.........great forum B.T.W.
Jul 13th 2007, 3:15 am
#3
......in the sand !
Joined: Nov 2004
Location: Perth, WA :)
Posts: 4,421
Re: should I change A$ to £ now?
Hi everyone, I came across this site whilst trawling the net for information on the A$-£ exchange rate, as most of you will already know the dollar seems to be very strong at the moment, I have a large amount of A$ that have been sitting in an off-shore account for about a decade, I sometimes change some into sterling for use in the u.k., my bank has asked me lately if i want to change the lot into sterling, they have offered me a rate of 2.3740, as many of you will have been following the A$ for some time now, would you advise me to take the plunge now, any information or views would be much appreciated.........great forum B.T.W.
I don't know if this will be helpful or not but if bank staff are considering it then it maybe worth while.
Jul 13th 2007, 4:03 am
#4
Back to WA! Yay!
Joined: Sep 2006
Location: Madeley, WA
Posts: 975
Re: should I change A$ to £ now?
Buying £ now i think its a good buy. Look at the charts on ozforex
Really depends on what you need it all for.... I got screwed going the other way from £->$ as I had to transfer last week a large sum for the deposit on a house in WA and had no option to do it at 2.34 as that was the rate and i couldnt leave it any longer. Even though i had been watching for 3 months and had a limit order order set... it just never hit it!
I only transfered the minimum i needed as i think its going to weaken sometime.
Really depends on what you need it all for.... I got screwed going the other way from £->$ as I had to transfer last week a large sum for the deposit on a house in WA and had no option to do it at 2.34 as that was the rate and i couldnt leave it any longer. Even though i had been watching for 3 months and had a limit order order set... it just never hit it!
I only transfered the minimum i needed as i think its going to weaken sometime.
Jul 13th 2007, 4:34 pm
#5
Just Joined
Thread Starter
Joined: Jul 2007
Posts: 3
Re: should I change A$ to £ now?
Thanks for all the replies, I spoke to a man in hifx today and he said that now is a good a time as any, he also noted that if I had changed the whole amount in january this year, I would have been £10,000 worse off compared to if I do it now, wow!
I think monday will be D-Day, lets pray it does'nt crash, bye for now
I think monday will be D-Day, lets pray it does'nt crash, bye for now
Jul 13th 2007, 6:31 pm
#6
Forum Regular
Joined: Jan 2006
Location: Leeds, UK and Moraira, Spain
Posts: 158
Re: should I change A$ to £ now?
Buying £ now i think its a good buy. Look at the charts on ozforex
Really depends on what you need it all for.... I got screwed going the other way from £->$ as I had to transfer last week a large sum for the deposit on a house in WA and had no option to do it at 2.34 as that was the rate and i couldnt leave it any longer. Even though i had been watching for 3 months and had a limit order order set... it just never hit it!
I only transfered the minimum i needed as i think its going to weaken sometime.
Really depends on what you need it all for.... I got screwed going the other way from £->$ as I had to transfer last week a large sum for the deposit on a house in WA and had no option to do it at 2.34 as that was the rate and i couldnt leave it any longer. Even though i had been watching for 3 months and had a limit order order set... it just never hit it!
I only transfered the minimum i needed as i think its going to weaken sometime.
Jul 13th 2007, 8:47 pm
#7
BE Enthusiast
Joined: Dec 2006
Location: Chelmer and Coolangatta
Posts: 612
Jul 14th 2007, 9:29 am
#8
Forum Regular
Joined: Jan 2006
Location: Leeds, UK and Moraira, Spain
Posts: 158
