Exchange Rates?
#1
Exchange Rates?
For those of you that have already made the move over to NZ, but have left the bulk of your money here waiting for a better rate of exchange,
What sort of rate are you waiting for?
and
How long are you prepared to wait?
Just curious, because I know the $ is on a high, but it has been for some time, (last few months) and its not shifting much either way.
What sort of rate are you waiting for?
and
How long are you prepared to wait?
Just curious, because I know the $ is on a high, but it has been for some time, (last few months) and its not shifting much either way.
#2
Forum Regular
Joined: Aug 2005
Posts: 58
Re: Exchange Rates?
I remember my first trip to NZ back in November 2000. I got $3.25 for the pound.
Would like it to head that way again but would be happy with $2.80 plus. Here's me dreaming.
Would like it to head that way again but would be happy with $2.80 plus. Here's me dreaming.
#3
Re: Exchange Rates?
Originally Posted by England Girl
I remember my first trip to NZ back in November 2000. I got $3.25 for the pound.
Would like it to head that way again but would be happy with $2.80 plus. Here's me dreaming.
Would like it to head that way again but would be happy with $2.80 plus. Here's me dreaming.
2.80+ is probably a good target which should happen towards year end.
I have it worse - wanting to send money to NZ but earning US Dollars...USD worth begger all!
#4
Re: Exchange Rates?
2.80+ is probably a good target which should happen towards year end.
Some people have been there for a while and I was just curious as to what figure they had in mind and how long they would be prepared to wait.
#5
Re: Exchange Rates?
Originally Posted by planty
I hope your right, we're not going to be there until the begining of next year, so that would help to boost our finances.
Some people have been there for a while and I was just curious as to what figure they had in mind and how long they would be prepared to wait.
Some people have been there for a while and I was just curious as to what figure they had in mind and how long they would be prepared to wait.
#6
Re: Exchange Rates?
Originally Posted by bookemjano
We've signed up to HIFX, they've advised leaving our house deposit here and they'll keep an eye on the rate for us for a few weeks, if they think it's likely to go up a few decimal points they'll advise us in time for us to get the money to them. We'll need to take some with us though as we'll have a house to furnish. Real shopping! Been cyber shopping for so long I've forgotten how to do it in person. I'm sure I'll soon get the hang of it though!
Ok found it. thanks
http://www.hifx.co.uk/
Last edited by planty; Sep 15th 2005 at 10:28 am.
#7
Re: Exchange Rates?
Originally Posted by planty
#8
Forum Regular
Joined: Apr 2005
Location: Macclesfield
Posts: 89
Re: Exchange Rates?
[QUOTE=bookemjano]Nigel, when I get home I'll PM you the number of the guy at HIFX who's working with us, I'm in work now (I use the term loosely, they've given up on me!). He's really helpful and not at all pushy.[/QUOTE
Hi, Any chance you could pm me his name/number too please? I view HIFX everyday and they look good?
Cheers,
Mark
Hi, Any chance you could pm me his name/number too please? I view HIFX everyday and they look good?
Cheers,
Mark
#9
Forum Regular
Joined: Oct 2003
Posts: 43
Re: Exchange Rates?
sorry, can't see much change for some time. The main bank held interest rates here yesterday but warned that they may go up in future I believe the trend is down in the uk which certainly would not aid the exchange rate. Hope i am wrong we left cash at home would be nice to transfer at a better rate.
#10
Re: Exchange Rates?
I spent months tracking the ex rate and got so fed up in the end that just took whatever was on offer on that particular day and called it 2.5 in my head to calculate prices of stuff in NZ.
Just getting to NZ was the important bit for me - worrying about ex rates was just another thing that I decided not to do.
Just getting to NZ was the important bit for me - worrying about ex rates was just another thing that I decided not to do.
#11
Forum Regular
Joined: Feb 2005
Location: West Midlands, UK
Posts: 60
Re: Exchange Rates?
Nightmare trying to predict which way it will go. The problem is that BOTH the NZD and the UK pound are likely to fall over the medium term. Net of this is that you might not see much difference at all.
I don't expect the NZD to move much until Q2 06 - as that is perhaps the earliest at which rates might now decline.
The pound is looking a bit dodgy due to the rapidly accelerating bad news coming out of the UK. It fell against every currency going last week simply because retail sales figures did not improve (despite the last int. rate cut). If you think UK rates will rise then it might pay to wait. If you think they will fall then go for it now IMO. If interest rates are lowered in the UK then, for me, that would be a very good sign to cut and run very quickly indeed.
If you are unlucky you could wait for ever only to find the pound going down just as quickly (if not faster) than the Kiwi... not the result you would want.
I don't expect the NZD to move much until Q2 06 - as that is perhaps the earliest at which rates might now decline.
The pound is looking a bit dodgy due to the rapidly accelerating bad news coming out of the UK. It fell against every currency going last week simply because retail sales figures did not improve (despite the last int. rate cut). If you think UK rates will rise then it might pay to wait. If you think they will fall then go for it now IMO. If interest rates are lowered in the UK then, for me, that would be a very good sign to cut and run very quickly indeed.
If you are unlucky you could wait for ever only to find the pound going down just as quickly (if not faster) than the Kiwi... not the result you would want.