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.

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.

Wait until 2 October - the rate will improve then

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

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

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.

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

Will it??

Yes - next interest rate reduction

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.

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

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

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

Well done you


Dougie

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

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......................................

Blimey.Its unbelievable!