Exchange rate
 

Can anyone tell me whether I should be worried about the dwindling worth of my hard earned aussie dollars when converted to sterling? We are diligently saving for a deposit on a house and funds for a move back and still have over a year to go but it seems that everytime I need to work out a conversion lately the AU$ is worth less and less.....I know nothing about these things - is it likely to only get worse or could it improve over the next 16 months or are these questions that cannot be answered?! :confused:

Re: Exchange rate
 

Good luck...but it's one of those things that's hard to answer, or more people would be making money off the currency exchange business...

but check out XE.com and have a look at the exchange history thing they have...

Re: Exchange rate
 

it's hard to know but at least you have some time to watch it. All our hard earned Aussie dollars are still over there as the rate plumeted just before we left and hasn't really improved since and that was four months ago.

Historically the rate does seem to go down around March, but pick up around June and July....not so this year it seems.

Re: Exchange rate
 

go to

www.bbc.co.uk

market data, curreiencies, you can trend the xchange rate, its a good tool.