Why the AUD$ is weakening.
May 15th 2006, 8:34 am
#1
BE Enthusiast
Thread Starter
Joined: Oct 2005
Location: Blighty
Posts: 950
May 15th 2006, 8:40 am
#2
Lost in BE Cyberspace
Joined: Nov 2005
Location: at the bottom of a wine glass
Posts: 28,176
Re: Why the AUD$ is weakening.
Originally Posted by touchingcloth
May 15th 2006, 8:49 am
#3
BE Forum Addict
Joined: Apr 2004
Location: Wakefield.......now Wellington Point
Posts: 1,284
Re: Why the AUD$ is weakening.
I can't weigh up the exchange rate at the moment. Usually LLoyds TSB offer the best rate on travellers cheques but at the moment they are only offering 2.304 but 2.308 on cash. Travelex are offering 2.373 on cash. There just does not seem to be any logic at all. Thing to decide now is do we change some money now or wait to see if it goes any higher??
May 15th 2006, 12:33 pm
#4
BE Enthusiast
Joined: Feb 2005
Location: Cambridge, Limassol - now Oz at "Avoca Beach" NSW
Posts: 300
Re: Why the AUD$ is weakening.
Originally Posted by mand8002
I can't weigh up the exchange rate at the moment. Usually LLoyds TSB offer the best rate on travellers cheques but at the moment they are only offering 2.304 but 2.308 on cash. Travelex are offering 2.373 on cash. There just does not seem to be any logic at all. Thing to decide now is do we change some money now or wait to see if it goes any higher??
Ozforex are offering 2.46 at the mo! Why dont you register with them and use it, its pretty good service takes about 4 days to enter your Oz account? BTW the GBP could increase some more this year against the AUS dollar if UK interest rates go up again as forecast.
Derek
May 15th 2006, 1:11 pm
#5
Account Closed
Joined: Mar 2006
Posts: 10,158
Re: Why the AUD$ is weakening.
Originally Posted by DerekM
************************************************
Ozforex are offering 2.46 at the mo! Why dont you register with them and use it, its pretty good service takes about 4 days to enter your Oz account? BTW the GBP could increase some more this year against the AUS dollar if UK interest rates go up again as forecast.
Derek
Ozforex are offering 2.46 at the mo! Why dont you register with them and use it, its pretty good service takes about 4 days to enter your Oz account? BTW the GBP could increase some more this year against the AUS dollar if UK interest rates go up again as forecast.
Derek
I just transfered £10K to AU$ and got a blinding amount in the bank. Much more than I thought I'd get.
Very easy.
May 15th 2006, 1:13 pm
#6
Oiiii.. You slaggg!
Joined: Feb 2004
Location: Brisbaneshire
Posts: 5,209
Re: Why the AUD$ is weakening.
Originally Posted by iPom
I just transfered £10K to AU$ and got a blinding amount in the bank. Much more than I thought I'd get.
Very easy.
Very easy.
May 15th 2006, 1:42 pm
#7
BE Forum Addict
Joined: Dec 2003
Location: Adelaide - South Australia
Posts: 1,820
Re: Why the AUD$ is weakening.
Originally Posted by DunRoaminTheUK
Dollar seems to be strengthening now....
Profit taking?
May 15th 2006, 1:49 pm
#8
BE Enthusiast
Thread Starter
Joined: Oct 2005
Location: Blighty
Posts: 950
Re: Why the AUD$ is weakening.
Originally Posted by DerekM
************************************************
BTW the GBP could increase some more this year against the AUS dollar if UK interest rates go up again as forecast.
Derek
BTW the GBP could increase some more this year against the AUS dollar if UK interest rates go up again as forecast.
Derek
doubt it would make much difference.....it didn't when the Oz interest rate was recently increased.
The major factor will be what happens with this commodity boom. If its a bubble and it bursts.....a lot of invested money is going to be pulled out of Oz. Here's hoping this happens in about 2 months time and NOT too much before or after.
May 15th 2006, 1:56 pm
#9
Lost in BE Cyberspace
Joined: Nov 2005
Location: at the bottom of a wine glass
Posts: 28,176
Re: Why the AUD$ is weakening.
Originally Posted by touchingcloth
doubt it would make much difference.....it didn't when the Oz interest rate was recently increased.
The major factor will be what happens with this commodity boom. If its a bubble and it bursts.....a lot of invested money is going to be pulled out of Oz. Here's hoping this happens in about 2 months time and NOT too much before or after.
The major factor will be what happens with this commodity boom. If its a bubble and it bursts.....a lot of invested money is going to be pulled out of Oz. Here's hoping this happens in about 2 months time and NOT too much before or after.
May 15th 2006, 9:22 pm
#10
BE Forum Addict
Joined: Apr 2004
Location: Wakefield.......now Wellington Point
Posts: 1,284
Re: Why the AUD$ is weakening.
Originally Posted by DerekM
************************************************
Ozforex are offering 2.46 at the mo! Why dont you register with them and use it, its pretty good service takes about 4 days to enter your Oz account? BTW the GBP could increase some more this year against the AUS dollar if UK interest rates go up again as forecast.
Derek
Ozforex are offering 2.46 at the mo! Why dont you register with them and use it, its pretty good service takes about 4 days to enter your Oz account? BTW the GBP could increase some more this year against the AUS dollar if UK interest rates go up again as forecast.
Derek
