|
Transferring Money
Mr Herrchook works for an investment company here in the UK and has just had a meeting with one of the international dealers to talk through whether or not now is a good time to move our money.
The upshot of their conversation was that the current rate is definately worth considering. It is their opinion that the Australian dollar is not performing well due to the drought affecting their economy. The word from those who know is that it's probably not going to get any better for quite some time, and is more likely to drop. Armed with that information, and the fact that the rate's not really "that" bad right now, I think we're going to go for it. Just thought I'd share. But please remember that this is not financial advice. It was an informal chat between colleagues and rates can go up as well as down.;) |
Re: Transferring Money
Originally Posted by herrchook
(Post 4829937)
Mr Herrchook works for an investment company here in the UK and has just had a meeting with one of the international dealers to talk through whether or not now is a good time to move our money.
The upshot of their conversation was that the current rate is definately worth considering. It is their opinion that the Australian dollar is not performing well due to the drought affecting their economy. The word from those who know is that it's probably not going to get any better for quite some time, and is more likely to drop. Armed with that information, and the fact that the rate's not really "that" bad right now, I think we're going to go for it. Just thought I'd share. But please remember that this is not financial advice. It was an informal chat between colleagues and rates can go up as well as down.;) |
Re: Transferring Money
Originally Posted by rodders39
(Post 4829995)
:confused: Surely if you're in the UK planning to come out here and the Aussie is performing badly and likely to drop then you'll be wanting to hang on to Sterling for a while to get more Dollars...???
|
Re: Transferring Money
I was thinking that too. I say hold on for a bit.
also not financial advice in any jurisdiction etc etc Buzzy |
Re: Transferring Money
I probably worded it wrongly. I'm def NOT a number person:D.
Colleague said rate isn't likely to get any better so best bet (in her personal opinion) was to either secure the current rate and keep money here til it goes up again, or secure the rate and transfer it into a high rate Aussie account. Does that make any better sense??:confused:;) Gill |
Re: Transferring Money
Originally Posted by herrchook
(Post 4830160)
I probably worded it wrongly. I'm def NOT a number person:D.
Colleague said rate isn't likely to get any better so best bet (in her personal opinion) was to either secure the current rate and keep money here til it goes up again, or secure the rate and transfer it into a high rate Aussie account. Does that make any better sense??:confused:;) Gill If the Australian economy is being affected by the drought, the dollar will probably get weaker. Therefore the advice should be to wait before changing £s. The colleague seems to have made two opposite statements in the same sentence! Buzzy |
Re: Transferring Money
Gday,
Had a chat today with Moneycorp they say the dollar has had a good week now back at $2.41 today and hoping to keep rising better than the low of $2.37 last week i'm going to hold off another week and see what happens. Haggis |
Re: Transferring Money
Originally Posted by ---Haggisman---
(Post 4830468)
Gday,
Had a chat today with Moneycorp they say the dollar has had a good week now back at $2.41 today and hoping to keep rising better than the low of $2.37 last week i'm going to hold off another week and see what happens. Haggis |
| All times are GMT -12. The time now is 5:11 pm. |
Powered by vBulletin: ©2000 - 2026, Jelsoft Enterprises Ltd.
Copyright © 2026 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.