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As an keen watcher of this rate slipping away, I find it so depressing. Our life over there could be so different dependent on how this rate changes over the next 12 months.
Has anybody given any thought to any alternatives? I know if it were possible everyone would be doing it, but are there any other ideas out there? Perhaps to buy something in GBP to sell in AUD that would give a greater return than the current FX rates?
Is there an idea out there somewhere, perhaps risky (and a little bit crazy), that could be a better route for those of us seeing their savings slip away?
I'm sure everyone reading this thread has considered alternatives already but perhaps if we put our collective thinking caps on ...
What's really expensive in Oz that could be bought quite reasonably in the UK, brought over and sold?
OMG $1.47 to the £ this morning!!!
Sods law got a load of funds waiting to send over to my Australian bank before we arrive at the end of August!!!!
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i got 1.52 when i started moving money over, but im going to wait till the last minute for the rest, patience is the name of the game
Luxury cars I believe, didn't someone on here suggest buying a £100k car, storing it for a year, shipping it over and selling it for $3:£1 conversion???
This is getting slightly worrying now.... :-( I know it's money we would never have had, its only a paper loss but still it is a right kick in the.... if it drops much lower think I might start rethinking selling the house and just rent it out
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It's just depressing
Like i say one country is booming - Australia and another country is in a long term recession - the UK, its whats to be expected, doesn't help those of us who have a lot of money to bring over, its a frecking nightmare.