gail39 Posted January 10, 2008 Share Posted January 10, 2008 When will the dollar weaken....this morning it is worth $2.18 if we exchange....I think I need to say a Prayer LOL:arghh: Link to comment Share on other sites More sharing options...
Guest The Baggo's Posted January 10, 2008 Share Posted January 10, 2008 Starting to painc now!! Going house hunting this weekend - think our pool is going to be a bit smaller!! Link to comment Share on other sites More sharing options...
calNgary Posted January 10, 2008 Share Posted January 10, 2008 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 Link to comment Share on other sites More sharing options...
calNgary Posted January 10, 2008 Share Posted January 10, 2008 and Gail change your location your not in the uk anymore!!! Cal x Link to comment Share on other sites More sharing options...
Life on easy street Posted January 11, 2008 Share Posted January 11, 2008 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. Link to comment Share on other sites More sharing options...
Guest brooksey Posted January 11, 2008 Share Posted January 11, 2008 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. Link to comment Share on other sites More sharing options...
Guest orangegerbera2003 Posted January 11, 2008 Share Posted January 11, 2008 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!! :spinny: Link to comment Share on other sites More sharing options...
Guest sharleen29 Posted January 11, 2008 Share Posted January 11, 2008 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!!! Link to comment Share on other sites More sharing options...
Guest orangegerbera2003 Posted January 11, 2008 Share Posted January 11, 2008 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 Link to comment Share on other sites More sharing options...
immy21 Posted January 15, 2008 Share Posted January 15, 2008 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 Link to comment Share on other sites More sharing options...
Guest GoodersGang Posted January 15, 2008 Share Posted January 15, 2008 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. Dont give up hope im waiting for 2.5 sometime soon all it needs is some good:arghh: press or a bomb going off in the right place!!!!!!!!!!! GoodersGang:jimlad: Link to comment Share on other sites More sharing options...
Guest Tom the Pom Posted January 15, 2008 Share Posted January 15, 2008 Dont give up hope im waiting for 2.5 sometime soon all it needs is some good:arghh: press or a bomb going off in the right place!!!!!!!!!!! GoodersGang:jimlad: That's not nice!!!:nah: I'm depending on 2.5 too - but I wouldn't wish anyone any harm:wideeyed: Link to comment Share on other sites More sharing options...
Guest The Greens Posted January 15, 2008 Share Posted January 15, 2008 Dont give up hope im waiting for 2.5 sometime soon all it needs is some good:arghh: press or a bomb going off in the right place!!!!!!!!!!! GoodersGang:jimlad: Nah :no: Sorry to say, "Give it Up, at least until October / November, no chance of any big upturn for now. Emmy:cry: Link to comment Share on other sites More sharing options...
Guest Liam Posted January 16, 2008 Share Posted January 16, 2008 For those who are moving money over at very sad rates at the moment please look on the bright side. You can park the money in St George Bank Dragon Direct "at call" for 7% or Rabobank for 6.9% . For term deposits you can get as high as 7.6%. I am sure that is better than what is on offer in the UK. Please factor those rates in if you mare thinking of leaving funds in the UK. regards Liam Link to comment Share on other sites More sharing options...
The Broughtons Posted January 16, 2008 Share Posted January 16, 2008 Got this in an email this morning from my broker at Halo. Yes there has been a slight improvement in the exchange rate but it isn't expected to last: We have seen a significant improvement in the exchange rate mainly due to risk aversion form the so called carry trade where funds are borrowed in the low yielding Japanese Yen and invested in higher yielding assets. This may only be a temporary phenomenon and could be viewed as an opportunity to purchase some dollars. The Halo converter is currently stating 2.22 which is better than their 2.18 yesterday! Felicity:wubclub: Link to comment Share on other sites More sharing options...
calNgary Posted January 16, 2008 Share Posted January 16, 2008 The poms in oz convertor is showing a similar rate which is a good improvement on the last few weeks, Cal x Link to comment Share on other sites More sharing options...
Guest Chris&April Posted January 18, 2008 Share Posted January 18, 2008 Well for some of us a strong dollar is a damn good thing. We will be in a net debt situation when we get there - and will actually have to clear some UK borrowings (around £3k) with Aussie currency, so I want that dollar to get strong!! Link to comment Share on other sites More sharing options...
Jo&Rich Posted January 22, 2008 Share Posted January 22, 2008 All the fears re a US recession and falls in the stock market must be having some effect- keep an eye on it, it's going down again! Think if it hits $2.30 will cut our losses and change our money, before it goes belly up again! Jo Link to comment Share on other sites More sharing options...
Guest natma1 Posted January 22, 2008 Share Posted January 22, 2008 Hiya just a note to say that the US market has just re-opened after a bank holiday. Oh know you are all thinking what? we're off to Oz, but there is a method in my madness. See i work in the Travel and Foreign Exchange sector and the US ecomony has a huge impact on the other G8 so here goes.... This morning UK time the £ was $2.18 as there was no prediction on rate due to the US bank holiday, however they are now open to trade and the rate has now changed to $2.25. Finally the US are predicted to be heading towards a ressession and the last time this was announced on breaking news from George Bush in August 2007 the rate for the UK£ to the Australian$ went from $2.37 to the £ to $2.56 to the £ in 1 day!!! This is primarily due to US investors pulling out all their money from banks in foreign accounts ( ie US investors pull there resources from Australia to stablize there ecomony and investments )...so keep an eye on the US dollar too as it can make a difference. I now it's a minefield but hold on in there, i also know there is talk on the news today that if US do end in ressession then the UK may follow, do not listen to that as being set in stone as the last time the US were in a ressession on 97 we managed not to. :wacko: Link to comment Share on other sites More sharing options...
Guest kdal Posted January 22, 2008 Share Posted January 22, 2008 HI Natma1, Thanks so much for that positive bit of inside information!! Really been feeling for the people that are in Aus and need to transfer their money now. We are due to go this year so your news is music to my ears Thanks ever so Link to comment Share on other sites More sharing options...
Guest Redaussies Posted January 22, 2008 Share Posted January 22, 2008 Hiya just a note to say that the US market has just re-opened after a bank holiday.Oh know you are all thinking what? we're off to Oz, but there is a method in my madness. See i work in the Travel and Foreign Exchange sector and the US ecomony has a huge impact on the other G8 so here goes.... This morning UK time the £ was $2.18 as there was no prediction on rate due to the US bank holiday, however they are now open to trade and the rate has now changed to $2.25. Finally the US are predicted to be heading towards a ressession and the last time this was announced on breaking news from George Bush in August 2007 the rate for the UK£ to the Australian$ went from $2.37 to the £ to $2.56 to the £ in 1 day!!! This is primarily due to US investors pulling out all their money from banks in foreign accounts ( ie US investors pull there resources from Australia to stablize there ecomony and investments )...so keep an eye on the US dollar too as it can make a difference. I now it's a minefield but hold on in there, i also know there is talk on the news today that if US do end in ressession then the UK may follow, do not listen to that as being set in stone as the last time the US were in a ressession on 97 we managed not to. :wacko: Hi Natma, Love the post, and I don't want to burst your bubble, but the rate AUS$ - £ stirling had started a slow climb last week from 2.18 to 2.23 - to 2.26 - to 2.28 earlier today. As I write this post it's now down to $2.25, after the interest rate cut in the US just after lunchtime today, by their Central bank. Your right the US economy has a massive effect sadly on our economy, so its not looking good, but all is not lost yet. I think we are all keeping our fingers crossed on this one, but more interest cuts here are expected soon, along with projected interest rises in Australia. These are not going to do us any favours. The further apart the base rates go (between UK and Australia) the worse the situation will become for us Brits. But like you say, well worth keeping any eye on. The more we transfer the bigger the loss for us at present, so I really hope your right. Thanks for the info, Link to comment Share on other sites More sharing options...
Guest cheryl Posted January 22, 2008 Share Posted January 22, 2008 Hi there, I tell you what there is not anyone who is watching this rate more than me at the moment, been watching it 2 or 3 times a day for last two weeks and sometimes feel pyhsically sick as we are in oz in process of buying a house and the settlement day of purchase is next friday 1st Feb and they need our money here in oz by next wednesday 30th Jan. I am just hoping and praying the rate will increase please a little more, we already have had to borrow more on a mortgage here than we expected. Fingers crossed for everyone. Cheryl Link to comment Share on other sites More sharing options...
Guest Sunsh1ne Posted January 23, 2008 Share Posted January 23, 2008 what websites do you use to monitor the rate ? Link to comment Share on other sites More sharing options...
Life on easy street Posted January 23, 2008 Share Posted January 23, 2008 what websites do you use to monitor the rate ? If you need to know the spot rates Marketwatch | Foreign Exchange Rates | HiFX plc for information about daily average rates and history. Exchange Rates Link to comment Share on other sites More sharing options...
Guest The Cutches Posted January 23, 2008 Share Posted January 23, 2008 Well I'm selling my car :cry: so that we can get a few grand together (prior to selling the house) just in case the rates shoot up :biglaugh:. If that does happen then at least we will be able to get a decent rate held for some of our dosh! We live in hope:yes: CC x Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.