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Old 16-08-2007, 01:43 PM   #1 (permalink)
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Why is there a big difference in the rate between hifx 2.41 and ozforex 2.52.

Thank you in advance for your replies.

Marina
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Old 16-08-2007, 01:55 PM   #2 (permalink)
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Just today the Aussie dollar has lost 4% so far on the Pound. Now trading at 2.54. I think it will drop even further!
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Old 16-08-2007, 02:03 PM   #3 (permalink)
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I reckon you could be right - great if you are transferring cash over to Oz. The rate shown is about 2.51 from here ... http://www.pomsinoz.com/index.php?pa...rency-Exchange - there is a great chart thingy that shows the fluctuations over the few years and it does looks strong at the moment...but there is alot of weird stuff going on at the moment with the markets...
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Old 16-08-2007, 06:35 PM   #4 (permalink)
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Yesterday (Wed) purchased at $2.40. Came in this evening (Thu) and bought another lump at $2.51. Maybe tomorrow we'll get even more!!! Just hope the house money all goes through OK! OMG.......
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Old 17-08-2007, 12:33 AM   #5 (permalink)
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This is what HiFx had to say over on Perth Poms on the exchange rate situation...

Perth Poms - Aussie & Kiwi Dollar update !!
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