Whats the best exchange rate??
Oct 12th 2003, 4:14 pm
#1
Forum Regular
Thread Starter
Joined: Oct 2003
Location: Perth at last!!
Posts: 97
Whats the best exchange rate??
Hi all,
I'm quite new to site, my family and I are moving to Perth next May all being well.
I've just read the fantastic thread from carinne on "all the info you need part 2" and she says you can get upto $2.90 exchange, is this still the case we will be exchanging about £100,000. Does anyone have an idea the best way to do this, is it forward contract? and what we might expect?
I was calculating our expenses on $2.50, and on 100k this makes a massive difference.(i can just see the swimming pool in the garden now!!)
Cheers folks
I'm quite new to site, my family and I are moving to Perth next May all being well.
I've just read the fantastic thread from carinne on "all the info you need part 2" and she says you can get upto $2.90 exchange, is this still the case we will be exchanging about £100,000. Does anyone have an idea the best way to do this, is it forward contract? and what we might expect?
I was calculating our expenses on $2.50, and on 100k this makes a massive difference.(i can just see the swimming pool in the garden now!!)
Cheers folks
Oct 12th 2003, 4:38 pm
#2
BE Forum Addict
Joined: Jun 2002
Location: Gold Coast- the best place in the world
Posts: 3,196
Unfortunately 2.9 is no longer viable! That thread has been recycled for a few months now due to its popularity. Last August 2003 it was 2.9 now it is nearer 2.4. A big difference indeed, almost a 20% drop in value since then.
Oct 12th 2003, 5:11 pm
#3
BE Enthusiast
Joined: Apr 2003
Posts: 378
Re: Whats the best exchange rate??
We have been looking at the rates for the past couple of months and they seem to be around about the 2.4 mark at the moment... a slow progression down from 2.5.
We are also thinking about forward buying and we were advised to use Halewood international.
http://www.hifx.co.uk/
We are currently in the process of registering our details with them
We are hoping to get around 2.5- 2.8 but maybe this is wishful thinking.Like you say it makes quite a difference when you are talking thousands of pounds
Diane& Jeff
We are also thinking about forward buying and we were advised to use Halewood international.
http://www.hifx.co.uk/
We are currently in the process of registering our details with them
We are hoping to get around 2.5- 2.8 but maybe this is wishful thinking.Like you say it makes quite a difference when you are talking thousands of pounds
Diane& Jeff
Originally posted by brummie bird
Hi all,
I'm quite new to site, my family and I are moving to Perth next May all being well.
I've just read the fantastic thread from carinne on "all the info you need part 2" and she says you can get upto $2.90 exchange, is this still the case we will be exchanging about £100,000. Does anyone have an idea the best way to do this, is it forward contract? and what we might expect?
I was calculating our expenses on $2.50, and on 100k this makes a massive difference.(i can just see the swimming pool in the garden now!!)
Cheers folks
Hi all,
I'm quite new to site, my family and I are moving to Perth next May all being well.
I've just read the fantastic thread from carinne on "all the info you need part 2" and she says you can get upto $2.90 exchange, is this still the case we will be exchanging about £100,000. Does anyone have an idea the best way to do this, is it forward contract? and what we might expect?
I was calculating our expenses on $2.50, and on 100k this makes a massive difference.(i can just see the swimming pool in the garden now!!)
Cheers folks
Oct 12th 2003, 9:23 pm
#4
Guest
Posts: n/a
2.9 is the holy grail and will most likely not be obtainable in the near future.
would be nice though, the difference could buy my new nissan patrol
would be nice though, the difference could buy my new nissan patrol
Oct 12th 2003, 9:32 pm
#5
Forum Regular
Joined: Feb 2003
Location: Currambine WA
Posts: 280
all the experts are saying that a decline is more likley and down to 2.3-2.2 in the near future 
ive just changed mine at 2.4 and do give your auzie bank a ring because they dont do bad rates
and some times can match or give you a higher rate worth the phone call and less hassle
and y not hedge your money and do half now and half a bit later on, if it goes down you have only lost on half your money and if it goes up then you have made
a bit less risk
ive just changed mine at 2.4 and do give your auzie bank a ring because they dont do bad rates
and some times can match or give you a higher rate worth the phone call and less hassle
and y not hedge your money and do half now and half a bit later on, if it goes down you have only lost on half your money and if it goes up then you have made
a bit less risk
Oct 13th 2003, 11:13 am
#6
BE Enthusiast
Joined: Jan 2003
Location: Hawkes Bay
Posts: 359
Your Aussie bank may give a comparable rate to Halewood. Ignore the rate on the internet it's about 2 cents below.
Don't forget that they are salesmen and they want you to change your cash so they can get commision. We're all holding off so it's not coming in. There advice is questionable too.
Roger
Don't forget that they are salesmen and they want you to change your cash so they can get commision. We're all holding off so it's not coming in. There advice is questionable too.
Roger
