Guest melissa Posted July 30, 2008 Share Posted July 30, 2008 The pound is making a rally against the Aussie dollar. Good news for anyone transfering money. LATEST 2.099. GO ON THE POUND!!:jiggy: Link to comment Share on other sites More sharing options...
Guest Scardycat Posted July 30, 2008 Share Posted July 30, 2008 Thats good news, lets hope it keeps going in that direction:v_SPIN: Link to comment Share on other sites More sharing options...
Guest Pinhead Posted July 30, 2008 Share Posted July 30, 2008 The pound is making a rally against the Aussie dollar. Good news for anyone transfering money. LATEST 2.099. GO ON THE POUND!!:jiggy: Shhhhhhh you'll jinx it! Link to comment Share on other sites More sharing options...
Que Sera Sera Posted July 30, 2008 Share Posted July 30, 2008 The pound is making a rally against the Aussie dollar. Good news for anyone transfering money. LATEST 2.099. GO ON THE POUND!!:jiggy: Oh perleeeeeeese be true good news at last heres hoping!!!!! Up the Pound!!!!!:biglaugh: Link to comment Share on other sites More sharing options...
Guest beermeister Posted July 30, 2008 Share Posted July 30, 2008 For anyone interested, I've cut and paste sections from the July 2008 report of the Country Risk Service for both Australia and UK, as published by the Economist Intelligence Unit. It paints a picture of weakening $A vs $US, but so also weakening £ vs $US, but to me, it seems like the A$ has a higher risk of being downgraded, so I'm thinking 2009 might be better for £ vs $A. Remember: these guys are supposed to be experts in the field, but often experts are proven wrong! Australia The exchange rate has been highly volatile since the onset of the global financial crisis in mid-2007. This is because the country's large foreign-debt service obligations make it vulnerable to shifts in risk aversion. Nonetheless, the Australian dollar reached a 24-year high against the US dollar in late-May 2008. Its recent strength against the US dollar partly reflects a prevailing weakness in sentiment towards that currency, but also a reduction in risk aversion among global investors, which has made Australia!s high interest rates attractive again, Further gains in commodity prices have also been supportive. We expect the exchange rate to average A$1.14:US$1 in 2008, compared with an estimated A$1.20:US$1 in 2007, but it will depreciate on a trade-weighted basis. In 2009 weaker commodity prices and falling domestic interest rates will pull the currency down to an average of A$1.30:US$1. Although tightness in global capital markets has eased recently, the Australian banking sector!s heavy reliance on international capital markets for funds creates a risk that lending to the private sector will be curtailed if conditions deteriorate again. Finally, the global economic slowdown could have a more severe impact on the Australian economy than is currently expected, particularly if it hits Asian economic growth harder than we expect or causes a sharp fall in commodity prices. UK With monetary policy likely to be eased at a slightly faster pace than in the euro area this year, sterling is projected to weaken against the euro, resulting in an annual average exchange rate of £0.76:.1. Sterling is forecast to recover some ground against the euro in 2009 as the economy picks up. Having appreciated strongly against the US dollar in 2007, sterling is projected to weaken against the US currency over the outlook period. Link to comment Share on other sites More sharing options...
Guest melissa Posted August 1, 2008 Share Posted August 1, 2008 Latest $2.1184. The pound's showing plenty of toe. 'ands and 'eels my beauty!! Link to comment Share on other sites More sharing options...
Mongrel Posted August 1, 2008 Share Posted August 1, 2008 The pound is making a rally against the Aussie dollar. Good news for anyone transfering money. LATEST 2.099. GO ON THE POUND!!:jiggy: Bugger off im sending other way 211 here:cry: Malx Link to comment Share on other sites More sharing options...
Guest melissa Posted August 1, 2008 Share Posted August 1, 2008 Bugger off im sending other way 211 here:cry: Malx It's a tough sport, sport. Link to comment Share on other sites More sharing options...
Mongrel Posted August 1, 2008 Share Posted August 1, 2008 It's a tough sport, sport. Much faith in the waterproof dollar Mal;x Link to comment Share on other sites More sharing options...
Guest melissa Posted August 1, 2008 Share Posted August 1, 2008 Much faith in the waterproof dollar Mal;x $2.1189 now. It may be waterproof, but it melts. Link to comment Share on other sites More sharing options...
Mongrel Posted August 1, 2008 Share Posted August 1, 2008 $2.1189 now. It may be waterproof, but it melts. prices will bne rocketing everything is imported Link to comment Share on other sites More sharing options...
Guest austibeach Posted August 1, 2008 Share Posted August 1, 2008 Showing $A2.12197 dollars to the £.........best it's been for a while and rising by the minute. Having just watched the "live trading" on the currency markets, there is a lot of fluctuation in the value of the $A against the £, but at least the general trend seems to be some movement that will benefit those of you that are looking to transfer your funds to Australia. Of course it can be a bit of a gamble as to the right time to transfer cash, but I for one will be watching with interest over the coming week or so. Eric. Link to comment Share on other sites More sharing options...
SBREW Posted August 1, 2008 Share Posted August 1, 2008 212,185 Come on $A Link to comment Share on other sites More sharing options...
Guest melissa Posted August 7, 2008 Share Posted August 7, 2008 $2.1423. I may get that swimming pool after all!! Put it on the nose. Link to comment Share on other sites More sharing options...
Guest Zagg Posted August 8, 2008 Share Posted August 8, 2008 It's up to 2.1604 now! I'm going to be transferring £10k into my Aussie bank account in a week or two, so I hope it doesn't dip any further. Link to comment Share on other sites More sharing options...
mr luvpants Posted August 12, 2008 Share Posted August 12, 2008 just checked XE. A$2.17 per pound. Link to comment Share on other sites More sharing options...
Guest austibeach Posted August 12, 2008 Share Posted August 12, 2008 And rising hopefully...............well from my point of view anyway. Link to comment Share on other sites More sharing options...
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