EXCHANGE RATE!!!
WHAT IS HAPPENING TO THE EXCHANGE RATE AGAIN?!! :scaredhair: :scaredhair:Man alive! 2.14! I thought we were getting over this...slowly.
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Re: EXCHANGE RATE!!!
Originally Posted by gags
(Post 8384507)
WHAT IS HAPPENING TO THE EXCHANGE RATE AGAIN?!! :scaredhair: :scaredhair:Man alive! 2.14! I thought we were getting over this...slowly.
The pound seems to have plummeted against most currencies today, so hopefully it's just a "blip". :blink: |
Re: EXCHANGE RATE!!!
Originally Posted by rushmere
(Post 8384569)
I know, this is not good!
The pound seems to have plummeted against most currencies today, so hopefully it's just a "blip". :blink: So wishful thinking but there are serious reasons why the pound has, and probably will continue to slide against world currencies. After all, even on its own 1% accuracy estimate we may still be in quite a deep recession.... 0.1% growth looks an entirely convenient figure to give the population, shame the rest of the world isn´t convinced :( |
Re: EXCHANGE RATE!!!
Originally Posted by simonsi
(Post 8384670)
Why just a blip? The economy is still in the tank, there are serious worries about our ability to really come out of the jobs recession and service our national debt, our deficit and national debt is spiralling towards Greek levels (but the eurozone won´t want to help us eh?).
So wishful thinking but there are serious reasons why the pound has, and probably will continue to slide against world currencies. After all, even on its own 1% accuracy estimate we may still be in quite a deep recession.... 0.1% growth looks an entirely convenient figure to give the population, shame the rest of the world isn´t convinced :( I must say I was tempted ..very tempted to take the plunge at 2.50 as i saw it slide from $2.85 to $2.50 very quickly. as I have said before I can't see how people can afford to emigrte at these crap rates..and they are utterly terrible. Around 2005 the median over 10 years was around $2.70 |
Re: EXCHANGE RATE!!!
Originally Posted by gags
(Post 8384507)
WHAT IS HAPPENING TO THE EXCHANGE RATE AGAIN?!! :scaredhair: :scaredhair:Man alive! 2.14! I thought we were getting over this...slowly.
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Re: EXCHANGE RATE!!!
Its just sooooo depressing :thumbdown:
Dewb |
Re: EXCHANGE RATE!!!
Oh dear! :(
I see the prospect of our house slipping further and further away! |
Re: EXCHANGE RATE!!!
On the plus side, as a lot of the value of the NZ property marekt is driven by overseas investors, a strong dollar will discourage such investment and reduce one pressure on rising house prices.
I too feel that the pound is doomed. I think UK PLC is happy to see a low currency as this artificially increases relative productivity and competativeness. There hasn't been a hung parliament in recent years, and there is always talk of one in the months before the election. Personally I think the UK needs a government that is going to address the national and personal debt and not try and spend their way out of the recession. However even if that does happen I think the UK is too far up the smelly creek to with or without a paddle. |
Re: EXCHANGE RATE!!!
Originally Posted by Wooly_Cow
(Post 8384948)
On the plus side, as a lot of the value of the NZ property marekt is driven by overseas investors, a strong dollar will discourage such investment and reduce one pressure on rising house prices.
I too feel that the pound is doomed. I think UK PLC is happy to see a low currency as this artificially increases relative productivity and competativeness. There hasn't been a hung parliament in recent years, and there is always talk of one in the months before the election. Personally I think the UK needs a government that is going to address the national and personal debt and not try and spend their way out of the recession. However even if that does happen I think the UK is too far up the smelly creek to with or without a paddle. And you guys thinking of coming..what does this mean to you? I have just worked out that we would be $154,000 worse off if we exchanged now than when we did at $2.64 in March 2005. |
Re: EXCHANGE RATE!!!
Really, really want to be upbeat at the moment but the money side of things is the tool that will get us that life style we are all looking for. The pay over there is pants generally so its what we bring with us that will change things.
Hate to say it but if the exchange rate doesn't get any better or gets worse it could be the decision made for us whether we go or not. Have lived many years in the UK with the carrot dangled in front of us ...'it's gonna get better you know, just be patient'. Don't know how many more years we could sit over there (nz) just waiting and hoping to get a decent rate to bring over our money and start to live. Don't want to spend a chunk of our life again in rent. I know I sound so depressing :( sorry for that. Have a vodka in me now and feel more :o:):D:eek: |
Re: EXCHANGE RATE!!!
Originally Posted by gags
(Post 8384993)
Really, really want to be upbeat at the moment but the money side of things is the tool that will get us that life style we are all looking for. The pay over there is pants generally so its what we bring with us that will change things.
Hate to say it but if the exchange rate doesn't get any better or gets worse it could be the decision made for us whether we go or not. Have lived many years in the UK with the carrot dangled in front of us ...'it's gonna get better you know, just be patient'. Don't know how many more years we could sit over there (nz) just waiting and hoping to get a decent rate to bring over our money and start to live. Don't want to spend a chunk of our life again in rent. I know I sound so depressing :( sorry for that. Have a vodka in me know and feel more :o:):D:eek: |
Re: EXCHANGE RATE!!!
Originally Posted by gags
(Post 8384993)
The pay over there is pants generally
More important to look at local buying power IMHO vs the benefits you see in NZ...but if you need to feed a UK mortgage or want to save in sterling :eek: then at least you'll get a good exch rate for that. Trouble is I think the international community think UK PLC is doomed, not just the £, that is just a way of it manifesting itself. Worst time will be when whomever wins the election has to announce what they are really going to do about the deficit, a hung parliament could delay that announcement which will only make the pain last longer...but it will come. "We're all doomed Capt Mainwaring!" :eek::eek::eek::eek: |
Re: EXCHANGE RATE!!!
When we changed at 2.2 ish all the experts said it,s going below 2 so we did it and lost nearly $100,000 on the figures we worked out :sneaky:
Then it rallied for a week :frown: Experts are tossers, if you need the money here u just gotta bite the bullet and do it, if not leave it where it is but if it,s a large amount it could be working here for you rather than earning sweet FA in the UK Neil |
Re: EXCHANGE RATE!!!
Originally Posted by Jan n Neil
(Post 8385021)
When we changed at 2.2 ish all the experts said it,s going below 2 so we did it and lost nearly $100,000 on the figures we worked out :sneaky:
Then it rallied for a week :frown: Experts are tossers, if you need the money here u just gotta bite the bullet and do it, if not leave it where it is but if it,s a large amount it could be working here for you rather than earning sweet FA in the UK Neil |
Re: EXCHANGE RATE!!!
You don't have to tie it up for 5 years though.
Link is for example of $50,000 over 12 months term deposit http://www.depositrates.co.nz/calcul...term_type_id=7 BTW - I know nothing about these personally! |
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