joe strummer Posted December 20, 2013 Share Posted December 20, 2013 Nothing too dramatic, but heading toward 1.9 dollars to the pound. Who knows we might hit the dizzy heights of 2 dollars to the pound sometime next year. Good news if you still have property in the Uk. Link to comment Share on other sites More sharing options...
Mike@Bonbeach Posted December 20, 2013 Share Posted December 20, 2013 Good news too if you are a UK pensioner. Still a long way to go to 2007 levels (when we left the UK). Mike Link to comment Share on other sites More sharing options...
calNgary Posted December 20, 2013 Share Posted December 20, 2013 Good news too if you are a UK pensioner.Still a long way to go to 2007 levels (when we left the UK). Mike LOL, those were the good old days and it sure made starting a new life here easier than today. I think we averaged $2.50 to the pound in late 2006 and 2007 when moving money. Hubby not overly impressed with the rate going up now though, his little import company was just starting to do really well but the more that rate rises the less competitive his prices are,, Cal x Link to comment Share on other sites More sharing options...
Guest Guest66881 Posted December 20, 2013 Share Posted December 20, 2013 Can't see the correlation with UK monetary increases and CTF? Link to comment Share on other sites More sharing options...
Alaska Posted December 20, 2013 Share Posted December 20, 2013 I don't want to get my hopes up as every financial decision we have made has pretty much backfired - for example we bought a property to renovate at the highest month just before the crash and ended up in negative equity. We also moved over here when the exchange rate was really low. We have a property in the UK that we will be looking to sell, if all goes to plan with applying for PR, around August 2014. IF the pound continues to rise and the rate gets up to 2 dollars to the pound, then this would be amazing for us and would allow us a decent deposit. So hoping it will happen and our luck will change! Link to comment Share on other sites More sharing options...
Quoll Posted December 20, 2013 Share Posted December 20, 2013 Sadly not good news if you are living on an Aus income in UK! Still, swings and roundabouts I guess, we've had it good for a while! Link to comment Share on other sites More sharing options...
Mike@Bonbeach Posted December 21, 2013 Share Posted December 21, 2013 Can't see the correlation with UK monetary increases and CTF? CTF ??? Mike Link to comment Share on other sites More sharing options...
PerthSavoyard Posted December 21, 2013 Share Posted December 21, 2013 On the whole subject of the pound versus the Oz dollar, I am now living in Perth, but have three work pensions still paid monthly into a British bank account. Can anyone advise what they have found to be the most cost effective way to transfer funds across. I have been in the habit of making an International Transfer from the bank to my Oz bank account, but if it falls at a weekend it can take up to 72 hours to arrive, plus there is a GBP 30 charge each time. I can draw cash here (up to GBP 300 per day) and then pay it into my Oz bank account at a branch. In that case I am charged 2.99% for the withdrawal. Has anyone come across a more cost effective/time effective way of doing this? Link to comment Share on other sites More sharing options...
Flathead Posted December 21, 2013 Share Posted December 21, 2013 Why not have them paid directly into your Australian bank? That is what I have always done Link to comment Share on other sites More sharing options...
PerthSavoyard Posted December 21, 2013 Share Posted December 21, 2013 I did consider doing that, but I still have financial committments back in the UK and need to pay bills there on a monthly basis. I guess I could arrange for a couple of the pensions to be paid direct to Oz, but whichever pension I left being paid into the UK account, the amount would not fully cover the UK committments so the problem would still exist, but in the other direction. Link to comment Share on other sites More sharing options...
Skippy1 Posted December 21, 2013 Share Posted December 21, 2013 I use Currency Fair and have found them great €3 transfer fee last time i used it i think and great rates. ONce setup easy to use and very quick once you do it all right. You must notify CF when you are making a transfer so they can watch for it on their system Link to comment Share on other sites More sharing options...
RioMarina Posted December 22, 2013 Share Posted December 22, 2013 I don't want to get my hopes up as every financial decision we have made has pretty much backfired - for example we bought a property to renovate at the highest month just before the crash and ended up in negative equity. We also moved over here when the exchange rate was really low. We have a property in the UK that we will be looking to sell, if all goes to plan with applying for PR, around August 2014. IF the pound continues to rise and the rate gets up to 2 dollars to the pound, then this would be amazing for us and would allow us a decent deposit. So hoping it will happen and our luck will change! Don't want to be negative, but if you bring money over to OZ don't you have to pay tax on the financial gain you have made from the date you arrived. So if you have gained 10 grand from a rising currency that will be taxed. I think this applies after 6 months entry date or used to. Someone may have better knowledge than me but I think this still applies for pensions as well. Link to comment Share on other sites More sharing options...
RioMarina Posted December 22, 2013 Share Posted December 22, 2013 I don't want to get my hopes up as every financial decision we have made has pretty much backfired - for example we bought a property to renovate at the highest month just before the crash and ended up in negative equity. We also moved over here when the exchange rate was really low. We have a property in the UK that we will be looking to sell, if all goes to plan with applying for PR, around August 2014. IF the pound continues to rise and the rate gets up to 2 dollars to the pound, then this would be amazing for us and would allow us a decent deposit. So hoping it will happen and our luck will change! Don't want to be negative, but if you bring money over to OZ don't you have to pay tax on the financial gain you have made from the date you arrived. So if you have gained 10 grand from a rising currency that will be taxed. I think this applies after 6 months entry date or used to. Someone may have better knowledge than me but I think this still applies for pensions as well. Link to comment Share on other sites More sharing options...
Alaska Posted December 22, 2013 Share Posted December 22, 2013 Don't want to be negative, but if you bring money over to OZ don't you have to pay tax on the financial gain you have made from the date you arrived. So if you have gained 10 grand from a rising currency that will be taxed. I think this applies after 6 months entry date or used to. Someone may have better knowledge than me but I think this still applies for pensions as well. The house is currently rented out and the income is declared on our UK tax return (not here in Oz though as we are on a 457). Once we hopefully get our PR (we are eligible in March as long as the company backs us), then we will sell the house. I hear that, in terms of Capital Gains Tax, that it is linked to the value when we get our PR. I might be missing something else though? Link to comment Share on other sites More sharing options...
Toodolou Posted January 3, 2014 Share Posted January 3, 2014 is there a credible website showing graph of aud vs gbp currency exchange trends / rates anywhere please covering last 12 months ? sorry im a bit dumb regarding financial stuff , trying to get my head around it all Link to comment Share on other sites More sharing options...
jdad84 Posted January 3, 2014 Share Posted January 3, 2014 http://www.xe.com/currencycharts/?from=GBP&to=AUD&view=1Y you can alter the time period on the right of the graph too. J Link to comment Share on other sites More sharing options...
newjez Posted January 3, 2014 Share Posted January 3, 2014 http://lmgtfy.com/?q=aud+graphs Link to comment Share on other sites More sharing options...
Toodolou Posted January 3, 2014 Share Posted January 3, 2014 http://www.xe.com/currencycharts/?from=GBP&to=AUD&view=1Y you can alter the time period on the right of the graph too. J thankyou you very much , looking good then! Link to comment Share on other sites More sharing options...
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