What exchange rate did you emigrate on?
Jul 17th 2003, 5:31 am
#1
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Location: Gold Coast- the best place in the world
Posts: 3,196
What exchange rate did you emigrate on?
The exchange rate is currently falling through the floor. I keep walking around in a big sulk about all the money we might have had.
What did you get when you left for Aus? And do you think it was a good or bad rate?
Maybe it was just over inflated in the past and I just happened to start applying when it was unrealistically high!
Thoughts please!
What did you get when you left for Aus? And do you think it was a good or bad rate?
Maybe it was just over inflated in the past and I just happened to start applying when it was unrealistically high!
Thoughts please!
Jul 17th 2003, 8:57 am
#2
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Location: Exit UK 23rd Mar 2004, arriving in NZ 29th Mar (stop off LA Disney)
Posts: 385
Re: What exchange rate did you emigrate on?
Originally posted by tinaj
The exchange rate is currently falling through the floor. I keep walking around in a big sulk about all the money we might have had.
What did you get when you left for Aus? And do you think it was a good or bad rate?
Maybe it was just over inflated in the past and I just happened to start applying when it was unrealistically high!
Thoughts please!
The exchange rate is currently falling through the floor. I keep walking around in a big sulk about all the money we might have had.
What did you get when you left for Aus? And do you think it was a good or bad rate?
Maybe it was just over inflated in the past and I just happened to start applying when it was unrealistically high!
Thoughts please!
This may help by clarifying what rates have been in the past
http://britishexpats.com/forum/showt...hreadid=159749
NZD Average
bid ask
1990 2.98579 2.99127
1991 3.05331 3.05883
1992 3.27600 3.28219
1993 2.77639 2.78184
1994 2.57851 2.58288
1995 2.40377 2.40749
1996 2.26842 2.27186
1997 2.47718 2.48109
1998 3.09111 3.09707
1999 3.05565 3.06175
2000 3.32002 3.32743
2001 3.42077 3.42792
2002 3.24191 3.24703
*2003 2.88575 2.88944
AUD Average
bid ask
1990 0.00000 0.00000
1991 0.00000 0.00000
1992 2.25447 2.25745
1993 2.17975 2.18276
1994 2.11321 2.11574
1995 2.06319 2.06576
1996 2.04173 2.04425
1997 2.37785 2.38128
1998 2.64610 2.64999
1999 2.52199 2.52599
2000 2.68321 2.68768
2001 2.76496 2.76857
2002 2.73008 2.73312
*2003 2.50328 2.50622
HTH
Jul 17th 2003, 10:02 am
#3
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Joined: Apr 2003
Posts: 350
Re: What exchange rate did you emigrate on?
Originally posted by tinaj
The exchange rate is currently falling through the floor. I keep walking around in a big sulk about all the money we might have had.
What did you get when you left for Aus? And do you think it was a good or bad rate?
Maybe it was just over inflated in the past and I just happened to start applying when it was unrealistically high!
Thoughts please!
The exchange rate is currently falling through the floor. I keep walking around in a big sulk about all the money we might have had.
What did you get when you left for Aus? And do you think it was a good or bad rate?
Maybe it was just over inflated in the past and I just happened to start applying when it was unrealistically high!
Thoughts please!
Jul 17th 2003, 10:35 am
#4
Cheesy Member
Joined: Jul 2003
Location: Brisbane
Posts: 1,033
When I came out here the rate was about 2.70-2.80. It then took me 18+ months to sell my house in the UK, during which time I was using my Aus wage to pay a UK mortgage at various rates (from 2.7 - 3.00) -ouch!.
Finally sold and transferred the money over here at about 2.80.
If you want to depress yourself and see what you could have got on any date go here
Cheers
Finally sold and transferred the money over here at about 2.80.
If you want to depress yourself and see what you could have got on any date go here
Cheers
Jul 17th 2003, 1:00 pm
#5
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Location: Dream life UK....
Posts: 2,912
1990 and 1991 were a little off colour then?
Jul 17th 2003, 1:17 pm
#6
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Joined: Aug 2002
Location: Perth Arse end of the planet
Posts: 7,037
Re: What exchange rate did you emigrate on?
Originally posted by tinaj
The exchange rate is currently falling through the floor. I keep walking around in a big sulk about all the money we might have had.
What did you get when you left for Aus? And do you think it was a good or bad rate?
Maybe it was just over inflated in the past and I just happened to start applying when it was unrealistically high!
Thoughts please!
The exchange rate is currently falling through the floor. I keep walking around in a big sulk about all the money we might have had.
What did you get when you left for Aus? And do you think it was a good or bad rate?
Maybe it was just over inflated in the past and I just happened to start applying when it was unrealistically high!
Thoughts please!
The spring of 1994 the rate we had was 2 dollars to the pound , and it went up to $1.9 at one stage.
If your base your life on exchange rates then its still a good rate now , wage levels and conditions are more important to gauge your costs.
Jul 17th 2003, 1:26 pm
#7
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Location: Westleigh, Sydney
Posts: 554
I agree with PB on this one. There is no point in you trying to second guess the FX market. Lots of people get paid lots of money to do that, and they still get it wrong.
Even at current exchange rates, I believe it represents good value to transfer money over to Oz.
What happens if this is the beginning of a very strong dollar and it keeps getting stronger? With possible deflation in the US, and the UK so closely tied to the US economy, a strong Ozzy dollar may be the norm in the future.
Not a comforting thought for anyone wanting to get money over, but a thought none the less.
Even at current exchange rates, I believe it represents good value to transfer money over to Oz.
What happens if this is the beginning of a very strong dollar and it keeps getting stronger? With possible deflation in the US, and the UK so closely tied to the US economy, a strong Ozzy dollar may be the norm in the future.
Not a comforting thought for anyone wanting to get money over, but a thought none the less.
Jul 17th 2003, 1:33 pm
#8
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Location: Dream life UK....
Posts: 2,912
Umm, what exactly is so bad about 2.5 to one anyway?
Oh darn my money only just doubled and a half, how shocking.
Based on history of the dollar its still blooming good.
Why worry as soon as you see all that sand and sun you wont care anyway (he he he yeah right).
Oh darn my money only just doubled and a half, how shocking.
Based on history of the dollar its still blooming good.
Why worry as soon as you see all that sand and sun you wont care anyway (he he he yeah right).
Jul 17th 2003, 1:46 pm
#10
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… waiting with baited breath …
Jul 17th 2003, 1:48 pm
#11
Not here
Joined: Jan 2003
Posts: 1,621
Originally posted by dracupg
… waiting with baited breath …
… waiting with baited breath …
Jul 17th 2003, 1:51 pm
#12
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I hate it when that happens .. memory of a goldfish me
Jul 17th 2003, 2:18 pm
#13
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Joined: Sep 2002
Location: England
Posts: 279
Most of our money (from our house) exchanged at $2.67, although we did manage to change some at $2.93 !! We were pleased with our rate.
Try not to look back, just do the best with your money when you get here ie. don't waste it, invest wisely! Many Expats arrive feeling rich and decide to take time off (eg. 6-12 months off) and then later on have trouble finding work and realise how much it's actually cost them having this time off.
On arrival we put our money immediately into property, bought 2 old cars and found work straightaway - sounds boring but we couldn't be sure Australia was going to suit us long term and wanted the option of returning to the UK if things weren't right. You need to look after the $$$, it's harder to earn than the £.
Try not to look back, just do the best with your money when you get here ie. don't waste it, invest wisely! Many Expats arrive feeling rich and decide to take time off (eg. 6-12 months off) and then later on have trouble finding work and realise how much it's actually cost them having this time off.
On arrival we put our money immediately into property, bought 2 old cars and found work straightaway - sounds boring but we couldn't be sure Australia was going to suit us long term and wanted the option of returning to the UK if things weren't right. You need to look after the $$$, it's harder to earn than the £.
Jul 22nd 2003, 10:47 am
#14
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Joined: Jun 2003
Location: Twickenham
Posts: 132
We are not so much concerned at the "rate" but the best way to get as much of our hard earned pounds in our pockets at the other end. Taking into account such things as bank charges etc.
Any advice on these issues would be appreciated.
Thanks
Any advice on these issues would be appreciated.
Thanks
Jul 22nd 2003, 10:59 am
#15
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Location: Westleigh, Sydney
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We used www.ozforex.com.au to transfer out money from our UK accounts to Oz. We found their rates a lot better than the high st banks. You do need to have bank account set up in Oz though to do this.
