money issue..
 

hello all xpats,

please could you give me your thoughts on exchanging pound to dollar,waiting to come over when property gets sorted.just looking at rate and unsure if now is the right time.would only be exchanging small amount to start with,so please give me some ideas. thakyou.:confused:

Re: money issue..
 

we've got more chance of predicting the weather.

just change it when you feel it's right.

If you loose some because the rate has gone down - tough, deal with it. If you gain more, then good for you.

Set yourself a minimum base - say for example 2.2. thats the minimum you want to exchange at - any more than that is a bonus.

the only thing you can do is be prepared and budget for the worst, that way you know your limit.

Re: money issue..
 

Wait until 2 October - the rate will improve then

Re: money issue..
 

And can you tell us what it will go up to?:cool:

Re: money issue..
 

Yes, but then he'd have to kill you. You're better not to ask.

Re: money issue..
 

there really isnt an answer, we figured change it put it in a high interest rate account and let it make some money till you get here.

Re: money issue..
 

oops!, I'm sorry I asked. Lets hope he's to busy polishing his crystal ball to notice this reply;)

Re: money issue..
 

Will it??

Re: money issue..
 

Yes - next interest rate reduction

Re: money issue..
 

If Australian Interest rates drop and the UK rates stay the same or increase, then Yes.

However, David Blanchflower, a member of the Bank of England’s Monetary Policy Committee, has said that interest rates need to fall quickly if the UK is to see any hopes of recovery.

If both countries rates drop by the same %, then there may be no real change to the FX rate, between us.

Re: money issue..
 

I just exchanged at 2.532 !!!! Yay!!!

We're in the money, we're in the money....!!

Re: money issue..
 

Nice one but you should have hung on another 15 minutes

http://britishexpats.com/forum/showthread.php?t=565851

But hey i,m sure it'll be $2.1 by the time i finish this post :p

Well done you


Dougie

Re: money issue..
 

But it could have gone the other way.
I was looking to exchange @ $2.20-2.25 so getting anymore than that is a bonus. If only we had crystal balls:p

Re: money issue..
 

Drinks on you then 22B.
So exciting isnt it. Im just telling my mama & friends who are on their way to buy up $ now and laugh all way to bank......................................

Re: money issue..
 

Blimey.Its unbelievable!