Now is the best time to transfer money to the UK in 5 years

[Ian from SendPayments.com 2]

The past 24 hours have seen the Australian Dollar surge to highs v the Pound that PIO members will not have experienced since 2017*, so if you are considering transferring any funds back to the UK now could be a good time for you.

A combination of the Royal Bank of Australia leaving its cash rate unchanged at 0.1%, soaring commodity prices, a strong trade surplus and the ongoing war in Ukraine are the major contributing factors aiding this.

Poms in Oz have partnered with multi-award winning Australian based (but founded by two Poms), Send Payments to provide our members with a cost-effective method to transfer funds securely from Australia to the UK.

Receive a free exchange rate quote 

*Article written on 06/04/22

[Parley 7,204]

Actually it is the Reserve Bank of Australia.

Foreign Exchange Rates are very hard to predict.

Next week, Next Month, Next Year could be even better than now. That is the conundrum.

[Ian from SendPayments.com 2]

Good pick up Parley , that'll teach me to ensure next time that I have a coffee before writing a forum post at 6am 

Edited April 6, 2022 by Ian from SendPayments.com

[Andrew from Vista Financial 628]

Could also be a good strategy Ian for people with QROPS Super Funds that have transferred UK Pensions in recent years and already converted to Aussie Dollars..............could be buying more Pounds!

 

[Ian from SendPayments.com 2]

Absolutely