richselina Posted February 3, 2015 Share Posted February 3, 2015 I got a shock this morning when I saw the GBP vs AUD was at $1.96 and it made me wonder whether now is a good time to buy AUD or hold off for a few more weeks? What are the views out there ? Link to comment Share on other sites More sharing options...
itegoa Posted February 3, 2015 Share Posted February 3, 2015 I got a shock this morning when I saw the GBP vs AUD was at $1.96 and it made me wonder whether now is a good time to buy AUD or hold off for a few more weeks? What are the views out there ? See: http://www.pomsinoz.com/forum/money-transfer-ask-moneycorp/149193-pound-vs-australian-dollar-42.html#post1936684732 Link to comment Share on other sites More sharing options...
Frano Posted February 3, 2015 Share Posted February 3, 2015 Same shock here as it was 1.72 ish last week, do I jump now or wait ? Link to comment Share on other sites More sharing options...
PeepingTom Posted February 3, 2015 Share Posted February 3, 2015 Same shock here as it was 1.72 ish last week, do I jump now or wait ? While I have made signifcant GBP --> AUD transfers over the last 2 years, I do not have the compulsion of making lumpsum payments. So, I have basically made payments when the rate has moved in the multiples of 5 (regardless of whether the rate went up or down). The lowest I received was 1.49 and the highest I have received so far is 1.95 (transferred today!).. As mentioned on another thread, this has given me an average rate of 1.8. Link to comment Share on other sites More sharing options...
Captain Roberto Posted February 3, 2015 Share Posted February 3, 2015 We transferred a couple of weeks back at 1.87 - wish i'd waited. but still not a bad rate I guess. Link to comment Share on other sites More sharing options...
jac2011 Posted February 4, 2015 Share Posted February 4, 2015 What we need to bare in mind is 1.96 (It got to 1.97 today) is the best rate since early 2009 I believe, therefore exchanging at that rate is a very good thing. Psychology that 2.0 mark would be fantastic but unless you are exchanging hundreds of thousands of pounds is the risk of waiting worthwhile? If I had the cash today I would have gone for it. I am just hoping it is high in April as our visa cost is $7920! Link to comment Share on other sites More sharing options...
aster Posted February 4, 2015 Share Posted February 4, 2015 I got a shock this morning when I saw the GBP vs AUD was at $1.96 and it made me wonder whether now is a good time to buy AUD or hold off for a few more weeks? What are the views out there ? Are you asking because you need to make a conversion soon due to some upcoming AUD costs, or rather in terms of switching your savings to a different currency? Long-term I would say stick to GBP and USD as currencies. AUD is very volatile at the moment and things could really get ugly if suddenly the US stock exchange started to rumble... Link to comment Share on other sites More sharing options...
Cerberus1 Posted February 12, 2015 Share Posted February 12, 2015 Mid-market rate is virtually at £1: $2 now (£1 = $1.999), looks like the last time it was two dollars to the pound was around July/Aug 2009. Still a fair way from when we moved and it was £1 = $2.50 but a big improvement from a couple of years ago. When it was around $1.50 to the pound, it must have affected a lot of people's migration plans. Link to comment Share on other sites More sharing options...
Gbye grey sky Posted February 12, 2015 Share Posted February 12, 2015 I bought at 1.95 last week. Cursing myself now. Link to comment Share on other sites More sharing options...
Gough Whitlam Posted February 12, 2015 Share Posted February 12, 2015 Everybody heave......................... The rate was $1.9980 a minute ago. Link to comment Share on other sites More sharing options...
jonny Posted February 12, 2015 Share Posted February 12, 2015 Everybody heave......................... The rate was $1.9980 a minute ago. $2.00073 now. Drat. I'm now working in Oz but need to send money back to the UK every so often (things like student loan) so it's not in my favour anymore Link to comment Share on other sites More sharing options...
keithandkate Posted February 12, 2015 Share Posted February 12, 2015 1 GBP = 2.0008 AUD :jiggy: Link to comment Share on other sites More sharing options...
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