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Old 02-10-2008, 08:00 PM   #1 (permalink)
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Exchange rates could plummet tommorow.
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.

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Old 02-10-2008, 08:02 PM   #2 (permalink)
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Oooh how exciting....need all the cash we can get.
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Old 02-10-2008, 08:02 PM   #3 (permalink)
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opps i got mine today but hey if it goes up brill
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Old 02-10-2008, 08:12 PM   #4 (permalink)
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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

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Old 02-10-2008, 08:14 PM   #5 (permalink)
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Thanks earlswood - sorry to hijack your thread, but I posted today on" Hifx,,Moneycorp etc... are they safe from the credit crunch?" I got them to ring me to check how safe your money is once they have got it. This would tie in with your thread if you don't mind as I wanted to warn people about transferring money - you need to choose carefully as exchanges can be owned by Banks in a weak position.
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Old 02-10-2008, 08:15 PM   #6 (permalink)
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Old 02-10-2008, 08:17 PM   #7 (permalink)
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Quote:
Originally Posted by chris_mac View Post
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


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If the pound drops in value you will be getting a better exchange rate anyway....more Australian dollars for your pound.
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Old 02-10-2008, 08:45 PM   #8 (permalink)
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Originally Posted by earlswood View Post
If the pound drops in value you will be getting a better exchange rate anyway....more Australian dollars for your pound.
Hello Earlswood

If the value of sterling drops against the value of the Australian dollar, the upshot will be A$1.50 to £1 if us Brits are lucky.

Sterling needs the bailout bill to succeed - though I've got my doubts that the result would be any more effective than sticking an elastoplast on a torn artery......

Best wishes

Gill
Last edited by Gollywobbler; 02-10-2008 at 08:57 PM. Reason: Gill not Bill!! Sorry for typo!
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Old 02-10-2008, 08:48 PM   #9 (permalink)
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Bill?? lol, surely a typo Gill
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Old 02-10-2008, 08:50 PM   #10 (permalink)
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Quote:
Originally Posted by chris_mac View Post
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

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Applied TRA Aug 07
TRA Retuned Oct (Skill path D removed)
Re-applied Vetassess 01.01.08
Vetassess Paper Assess Passed 10.04.08
House up for sale 28.03.08 sold 14.04.08 (3 weeks, crikey)
Vetassess Practical 15.07.08
Practical Passed 11.08.08
176 Visa Application submitted 11.09.08
DIAC Acknowledgement 24.09.08
Hi Chris

Try Westpac Bank. They have a hook up with HSBC and because of that it is possible to open a Westpac account whilst you are still in the UK.

Best wishes

Gill
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