Exchange rates could plummet tommorow.

[keily]

Originally Posted by fiona1975

Bill?? lol, surely a typo Gill

MRS KEILY

[jewels1356]

i have a west pac account and i have just looked online and thier is a migrant section i have a current account and a savings one with them as you can get a better rate then hear it is also managble online
julie
xx

[KP Nuts]

[quote=chris_mac;341622]Been trying to open an account with commonwealth bank in anticipation of rate increase.. Got a bit of cash from sale of our house to exchange, but cannot open an account whilst outside Oz, or if not a PR etc..Arghhhhhhhh

Hi Chris, I spoke to a guy (David Brown) from Commonwealth bank today, and would have no problem in setting up an account whilst I'm still in the UK, ready for when I get to Oz.

PM me if you want his direct phone number

KP Nuts

[melissa]

[quote=KP Nuts;341692]

Originally Posted by chris_mac

Been trying to open an account with commonwealth bank in anticipation of rate increase.. Got a bit of cash from sale of our house to exchange, but cannot open an account whilst outside Oz, or if not a PR etc..Arghhhhhhhh

Hi Chris, I spoke to a guy (David Brown) from Commonwealth bank today, and would have no problem in setting up an account whilst I'm still in the UK, ready for when I get to Oz.

PM me if you want his direct phone number

KP Nuts

Hi KP

How funny - l spoke with him today about opening an account to transfer the money from our house sale. It sounds perfect as you can hold your money in an account with them in sterling, and when you are happy with the exchange rate they will exchange it into A$ into your Oz account. No fuss. Great.

Mel

[thewebweazel]

Originally Posted by earlswood

Listening to the BBC world service tonight ….The UK has big ties to the USA in trade etc…If the Wall Street bailout bill, does not go through tomorrow exchange rates could plummet as the USA Dollar Euro and Sterling weaken significantly, Australia seems in a good position to outride the storm…you could be getting three Australian Dollars to the Pound by this time next week……If they vote to accept the bill the rate is likely to be unaffected……So you folk coming across soon would be better off if the House reject the bill tomorrow.

Hey maybe I stupid or some thing! If the Pound weakens in relation to the Ozzie Dollar it means you will be getting less dollars for your Pound not more?

[iclark955]

I thought someone has got it wrong when I read the first message. If the US dollar and British pound weakens, you will be getting less $Au to the pound than you did before. For the pound to be worth 3$ Au, the pond would need to be stronger.

[Life on easy street]

Originally Posted by iclark955

I thought someone has got it wrong when I read the first message. If the US dollar and British pound weakens, you will be getting less $Au to the pound than you did before. For the pound to be worth 3$ Au, the pond would need to be stronger.

Yes that is what I thought.

[joetrac]

I think the OP has got it mixed up.Thats what Gill was trying to say. Maybe Earlswood was trying to be positive for a change

[Quoll]

Originally Posted by thewebweazel

Hey maybe I stupid or some thing! If the Pound weakens in relation to the Ozzie Dollar it means you will be getting less dollars for your Pound not more?

Colour me stupid too but that is what I was thinking! In which case I may flick some more dollars over to put into my premium bonds fund.

[dnex721]

ok - qucik reply

so in the confussion i am totally turned about
what are we meant to be doing quickly opening savings in oz , or keeping them in sterling ?

Thanks guys

Bev