bcworld

$2.5744....maybe $2.60 by the start of euro trading!

Red_V_Roger

yes, I thought that it would die with the interest rate cut.

But it appears that because it takes my UK bank 3 days to send MY money to Barclays in London, I cannot lock in the current rate.

So I'm praying that it keeps going up or flat for 3 more days !

Amazulu

I woukd have made another $4k if I'd waited until today. I might bring some more over if it keeps going.

I hate this!

themerlin

Take a look at the 10 year graph, it's still relatively low.

NowInOz

If you deal with HiFX or Ozforex, you can do a deal at today's rate even if it takes three days for your money to get into their Barclay's account.

I did it with HiFX in August 2007 and have just done it with Ozforex. It will take three days for my money (GB Pounds) to get into the UKForex bank account with Barclays, but I've got the right going just now (well, an hour ago when I did it).

Gina

Safin

yeah but do you have the nerve to hold out that long? or longer - go name your rate. If it hits 2.6 tonight I am going for it for sure

Reading fan

It seems to have hit 2.60 (on Moneycorp graph) a bit earlier I'm aiming high 2.70 postive thoughts,positive thoughts

NowInOz

I caved in at 2.48! Got most of our money over last November at 2.5. And that's been the magic number for me. Happy now that we've got the rest over at 2.48. If it now climbs to 2.6 or more - ah, well, just one of those things. I just count myself lucky I didn't have to exchange it when it was 2.02.

Gina

markinhull

I have just exchanged some of my money at 2.52, I couldnt bring myself to do it all as it just seems to be going up and up.

Also, glad I didnt have to exchange back in April / May at 2.00!!!!!

Going to have to keep an eye on this tomorrow!!!

Mark

DownUnderPaddy

and just announced....another .75% knocked off today.
http://www.news.com.au/business/mone...016110,00.html

Thats the second month in a row they have surprised everyone with a bigger than predicted cut.

Keep it coming I say

ABCDiamond

And the exchange rate is now 2.35 !

DunRoaminTheUK

The Commonwealth bank have failed to pass on the full amount by passing on 0.58. Bunch of greedy bastards this time.

DunRoaminTheUK

That's good news for those of us living here (especially in relation to the price of petrol). All I personally need now is for Suncorp to pass on the whole 0.75% decrease. I'll bet they don't.

ABCDiamond

I'm confused now

I thought this thread was about the exchange rate

DownUnderPaddy

Our home loan is also with SunCorp. I have to say they have always matched the cuts made by the big 4 banks, even though it is usually always about at least a week after the others have already done it. No complaints with them though. The home loan we have with them is still the most competitive packake about, over 3 years after taking out our loan with them.

I doubt any of the banks will pass on the .75%
They passed on 80% of the last 1% cut, and it looks like that is what they will be doing this time also, i.e. about .6% (CBA announced .58%)

As long as they keep cutting them rather than putting them up, we are happily watching our monthly interest bill dropping like a rock - it's simply fantastic !