Aussie dollar strengthens???

gail39 · 10-01-2008, 10:42 PM

When will the dollar weaken....this morning it is worth $2.18 if we exchange....I think I need to say a Prayer LOL

The Baggo's · 10-01-2008, 11:33 PM

Starting to painc now!! Going house hunting this weekend - think our pool is going to be a bit smaller!!

calNgary · 10-01-2008, 11:34 PM

Hang on in there mate ,and see what happens this next week or two,it is really crap at the mo so leave it where it is for now i think,,
Cal x

calNgary · 10-01-2008, 11:35 PM

and Gail change your location your not in the uk anymore!!!
Cal x

Life on easy street · 11-01-2008, 04:06 AM

My opinion is that

It is currency speculators that have over sold the pound

Do not worry the pound will bounce back to $2.25 to $2.30 by the end of Jan

athough i do not expect to see $2.40 any time this year.

brooksey · 11-01-2008, 08:48 AM

do you think it will ever reach $2 40 again. We are moving to Perth in July and its just my luck the pound chooses to be week now.

orangegerbera2003 · 11-01-2008, 09:01 AM

HIFX kept telling us last June/July that the exchange rate would not improve and we must exchange at 2.34. We had a strong feeling it would improve and decided to wait! Against all the odds (and a day before we left the UK), it hit the 2.49/2.51 mark in August 2007. This was totally unpredicted by the economists. So, don't give up hope! It is good for those moving from Australia to the UK at the moment....and a few months down the line, it will be good for us Poms moving over here. So, we all win!!

sharleen29 · 11-01-2008, 09:08 AM

when we started this process (last feb) we worked everything out at 2.4, then when it went down to 2.2 we done our sums again. we stand to lose $50,000 (not to be laughed at! Im keeping everything crossed for us all!!!

orangegerbera2003 · 11-01-2008, 09:22 AM

Hi Sharleen - yes, I understand. We are waiting to move money over, so it will be great when the exchange rate improves. I believe it will! All the best....Michelle

immy21 · 15-01-2008, 08:07 PM

Up to 2.23 today I have been hit hard as had to put in an extra £34,000 into my government bond at 2.18 when I had budgeted for at least 2.35.
I have learned my lesson and am now in no rush to transfer funds to OZ until the rate hits 2.35 and upwards