GBP crisis...yawn
#92
Re: GBP crisis...yawn
Go to the HIFX banner on the front page of BE. Then click on 'market watch'. Then go to 'currency charts', then you chose what currency you want under 'instruments' at the top left of the graph. Then click on 'timescale' for the depth of time you wish to depress yourself with!!
Last edited by Genesis; Mar 21st 2010 at 10:48 pm.
#95
Re: GBP crisis...yawn
I reckon over the next 12mths the better firm interest earned will more than beat any addition to the capital via a better exchange rate, and IMHO the risk over the next 12mths is all on the downside for the exchange rate.
The trick is to make a decision then stop checking the rate - unless you keep checking house prices at all your old addresses too
The trick is to make a decision then stop checking the rate - unless you keep checking house prices at all your old addresses too
#96
Re: GBP crisis...yawn
I reckon over the next 12mths the better firm interest earned will more than beat any addition to the capital via a better exchange rate, and IMHO the risk over the next 12mths is all on the downside for the exchange rate.
The trick is to make a decision then stop checking the rate - unless you keep checking house prices at all your old addresses too
The trick is to make a decision then stop checking the rate - unless you keep checking house prices at all your old addresses too
#97
Re: GBP crisis...yawn
Over a year on the amount we would exchange (taking 2.1 as the rate) would be $21k before tax at 20% in NZ, just over $7 k in the UK . That is the difference betwixt 2% ain the Uk and 6 % here. So that is $14k better off over a year if we do it now. Not much really when you consider if it rallies to $2.3 I mentioned we would be about $40k better off. I think the more I ponder this I am in Kate's camp..hang on. I know there is risk but its worth it..especially if one does not need the cash for start up costs..if I was emigrating I would just do it as I would need to. I don't so I won't. The GBP has recently rallied to the 42.3 mark..why not again. Lets all talk up the GBP.
Like I said previously, when we went to Oz the general consensous was that unless you had to transfer, then wait as it should get better in the next 12 months. We transfered GBP to AUD at 2.21 but 12 months later it was 1.64 so I'm bloody glad we did transfer!
Even at 2.12 GBP/NZD that aint bad. If we leave it another year and the same thing happens with the NZD then we would lose $12k!
#98
Re: GBP crisis...yawn
Think we are going to transfer our remaining GBP over now as don't want the risk.
Like I said previously, when we went to Oz the general consensous was that unless you had to transfer, then wait as it should get better in the next 12 months. We transfered GBP to AUD at 2.21 but 12 months later it was 1.64 so I'm bloody glad we did transfer!
Even at 2.12 GBP/NZD that aint bad. If we leave it another year and the same thing happens with the NZD then we would lose $12k!
Like I said previously, when we went to Oz the general consensous was that unless you had to transfer, then wait as it should get better in the next 12 months. We transfered GBP to AUD at 2.21 but 12 months later it was 1.64 so I'm bloody glad we did transfer!
Even at 2.12 GBP/NZD that aint bad. If we leave it another year and the same thing happens with the NZD then we would lose $12k!
#99
Re: GBP crisis...yawn
You are right, it ain't bad. Its the worstest worstest worstestest it has ever ever ever been. It may look good when it goes below 2 to the pound but just now you could not get worst rate..ever. Maybe apart from tomorrow. But it is not good just now.
#100
Re: GBP crisis...yawn
I'm only going on my last experience with a currency exchange and how if I had waited we would have lost a serious amount of dosh. As it was we waited 3 months anyway and lost $5000AUD doing that.
Horrible isn't it though. Lose money when you earn it/taxed on it/save it/spend it/convert it. Dammed if you do, dammed if you don't.
#101
Re: GBP crisis...yawn
I know. We had a family friend move to NZ years and years ago and they got nearly 3 GBP/NZD at the time.
I'm only going on my last experience with a currency exchange and how if I had waited we would have lost a serious amount of dosh. As it was we waited 3 months anyway and lost $5000AUD doing that.
Horrible isn't it though. Lose money when you earn it/taxed on it/save it/spend it/convert it. Dammed if you do, dammed if you don't.
I'm only going on my last experience with a currency exchange and how if I had waited we would have lost a serious amount of dosh. As it was we waited 3 months anyway and lost $5000AUD doing that.
Horrible isn't it though. Lose money when you earn it/taxed on it/save it/spend it/convert it. Dammed if you do, dammed if you don't.
#105
Re: GBP crisis...yawn
LOL!!!
I was very impressed at how the children played in parliament, scoring (or trying to), the same points off each other while the currency faltered.
I am going to take so much pleasure in note voting for any of them - just wish there was something more positive to do.... now who looks most suitable for a protest vote????
I was very impressed at how the children played in parliament, scoring (or trying to), the same points off each other while the currency faltered.
I am going to take so much pleasure in note voting for any of them - just wish there was something more positive to do.... now who looks most suitable for a protest vote????