Re: GBP crisis...yawn
 

Its gotten sooooooooo bad now I won't be changing a cent..rather Kate won't. Innit funny $2.30 is looking sexy now..as I am sure $2 will be looking sexy in 2 weeks time? Those with GBPs who do NOT need to change up (ie are set up over here) are betwixt a rock and a hard place really.

If you have to change up for your new kiwi life you have little option. I have to say thay we missed the $3.80's of 2002 and only got $2.64 in March 2005 and we were happy. But then again we were getting a 10 year median. Just now this is a rock rock rock bottom low. They say it will go lower if the people in the UK don't vote correctly. I only ever voted con. once..I would do it a 2nd time now..only because Brown and Co have seemingly ruined GB PLC with a little help from some old conservatives in adminisration of old.

Re: GBP crisis...yawn
 

under 2.1 :eek: 2.094
:cry_smile::cry_smile::cry_smile:

Total car crash
Dewb

Re: GBP crisis...yawn
 

I´m changing my view, it is not a simple car crash.

It is more like a car being stolen and joy-ridden to destruction by careless yobs who don´t care what damage they cause...:eek::eek::eek::frown:

Re: GBP crisis...yawn
 

Hi, sold our house april 09, moved 98% of the money to a savings account in N.Z may 09, before we even started the immigration process, as we could see then where the uk was heading, and if my numbers came up on the lotto (if i did the lotto) i would move 90% to N.Z or even look into other foreign currencies (avoiding the us dollar and euro) I would put my money in N.Z, even if you just wanted to make a few pound as the pound will drop more, it will rise too,but that would take 2-3 years.

Re: GBP crisis...yawn
 

About the tax, the Bank will take it off themselves when they pay the interest. Say, the rate is 5% (gross) then I think you can expect around 3.5 -4.00%net. As you say, still better than the UK.

Re: GBP crisis...yawn
 

Well, got sick of waiting and tired of seeing the GBP fall, so yesterday we transfered the remainder of our GBP over to NZ with HIFX.

Looked at the rates from last 2 weeks and by waiting that long it has cost us $1000. But, each month on our ANZ savings account, which has half the amount we are actually going to transfer from the UK, we are making $30 interest each month, compared to a whopping 1.17GBP per month back home, so though sod it we would bring it over.

End of the day yep back in 2000 it was 3.0 GBP/NZD and 9 months ago it was 2.5 GBP/NZD, but thats in the past. Yes we only got 2.092 but it still gives us a sizable chunk to start out life with in NZ which I'm happy with.

I didn't want to make the mistake of waiting like we did with Oz, listening to all the experts on financial sites, money updates etc all of which said that the exchange rate would get better so hold of as much as you can. We couldn't wait so exchanged and got 2.3 GBP/AUD at the time, where if we had waited like everyone suggested we would get 1.59 GBP/AUD now.

End of the day, at least I can stop looking at bloody exchange rates every day and get on with everything else. Money transfers are probably more streseful than the visa app eh! :)

Good luck to everyone else still waiting to exchange.

Re: GBP crisis...yawn
 

Make sure you do stop looking at the exchange rates in case it does go up..........although I'm pretty sure if you do look you'll just be feeling relief that you changed when you did, coz it'll be even worse than now!

Re: GBP crisis...yawn
 

Oh I won't look again. Didn't with the AUD until recently and super happy that we exchanged when we did with that.

Theres always ifs/buts/maybes in life and yep, at some point the exchange rate will go up, but it will also come down. Can only do whats right at the time at the end of the day.

Don't see if going back to 2.5 anytime soon though.

Re: GBP crisis...yawn
 

except, of course, for the 10mins before we change our money and the 5mins after. Just so we get the best possible :rofl::rofl:

Re: GBP crisis...yawn
 

Off course :)

Re: GBP crisis...yawn
 

More good news about the UK regarding retail sales....yet it still slumps!!! I was talking of the GBPs crisis at the weekend and some believe this just might (only might mind) be the bottom of things. They said the worlds banks would not let the pound go much lower...because if the pound does devalue much more there will be a very BIG knock on effect on other currencies and the fragile global economic state. The pound is still a very important player in the scheme of things.

It's interesting that $2.10ish is the lowest its been..we saw it slip to $2.08/2.09 but it always rallies at this point. Only time will tell if it slumps below $2. I appreciate the lowest it ever went a few years ago was around 2.3/2.4 so this is BAD. But the UK does seem to be picking itself off the floor. I doubt if the great british quid will ever be great again but I do believe it will recover given a few years. Sad for those yet to bring over their lump sums but you can only do with what the rate of the day is offering unless you chose to postpone the move.

Re: GBP crisis...yawn
 

Meanwhile as the not so good news on the NZ front filters thru'...bit of a spat with the IMF.......talk of our credit rating going down (we are spending waaaaaaaay too much) and the chinese taking over our dairy industry et al and the kiwi $ continues to increase in value...WTF?????

Re: GBP crisis...yawn
 

I swear all these forex traders spend there days sacrificing chickens and chanting black magic as nothing that happens with exchange rates ever seens to make sense does it!

Freaky coincidence as well, but had an email from a friend in the UK just who said he has just booked a holiday to Florida and noticed the exchange rate in the UK for USD is 1.41 at the moment! Jeez, when I went on holiday there last in 2008 I think it was near enough 2.0!!

Not particularly happy to transfer at 2.09 like we did yesterday but like you said, you can only do what you can on the day. I've been bitten once and lost $11,000 on a GBP/AUD transfer, but if I had waited and done it 12 months later we would have lost nearly $28,000. Didn't want that to happen again :(

But sods law does say now I've done it, I'll turn the news on one morning and it'll be NZD CRASHES, POUND RALLYS TO RECORD HIGH! :)

Re: GBP crisis...yawn
 

I got shafted 20 years ago AU $ v GBP...again in 2005 with NZ $ V GBP. And a few times since. It matters not what I do it always goes agin my favour. Finance companies and the exchange rate...my double nemesis. Triple bollocks:eek:

PS forgot to mention also lost quite a few bob on the NZ $ V US $. Bought high sold low..thanks Hanover Finance.:eek::eek::eek::eek:

Re: GBP crisis...yawn
 

Money sucks doesn't it !

<talks to wallet quietly....its ok, don't worry, i still love you> :)