Guest sneaky Posted July 17, 2007 Share Posted July 17, 2007 Whats happened to the Aussie Dollar at the mo.:huh: Had my eye on it for a while now and its not budging:no: Im now thinking of leaving the majority of my money in the UK, with the hope that things will improve. Has anyone else done this or is planning to do so? I need an account with good interset, and that is easily accessible from Australia Ps. im going to use HIFX for the actual transfer. A little help, ta...:notworthy: Link to comment Share on other sites More sharing options...
Guest chris&dave Posted July 18, 2007 Share Posted July 18, 2007 Hi, I agree whats happened to the $? Luckily I transferred some money over early this year and got a great rate. I used HIFX who were really good. Otherwise I am putting anything I have left offshore until the rate goes back up or I HAVE to take some out to assist with financing a house. Link to comment Share on other sites More sharing options...
bluetvrs1 Posted July 18, 2007 Share Posted July 18, 2007 Sorry It's my fault.... I instigated the transfer of my pension and from that moment on the rate dropped so that at the point of moving it across the water (2 months) later the rate was $hat.. To rub salt in - the same happened when I moved my house money over...2.4 for ages so I moved it then 1 week later it went to 2.5. Come to me for financial advice, then do the opposite and you'll do alright! Link to comment Share on other sites More sharing options...
Guest angela m Posted July 18, 2007 Share Posted July 18, 2007 I have the same kind of luck, but mines the weather. I went to Spain last week and took the rain and wind with me and brought it all back again. Watch out Australia!! Link to comment Share on other sites More sharing options...
Guest JAMIEKERRIE Posted July 23, 2007 Share Posted July 23, 2007 Whats happened to the Aussie Dollar at the mo.:huh:Had my eye on it for a while now and its not budging:no: Im now thinking of leaving the majority of my money in the UK, with the hope that things will improve. Has anyone else done this or is planning to do so? I need an account with good interset, and that is easily accessible from Australia Ps. im going to use HIFX for the actual transfer. A little help, ta...:notworthy: Yeah, were the same, we go a week tomorrow, gutted re the exchange rate, we were umming and rrring whether to trade in Feb when it was 2.54, but we hadn't sold the house then...hindsight! Boy are we p****d! We are doing the same as you, ie changing the minimum to buy cars & start us off and leave the house money in the HSBC getting 6%+ (so not all bad) but even doing that we are taking a £860 approx. hit compaired to Feb. Link to comment Share on other sites More sharing options...
Guest dizzy blonde Posted July 23, 2007 Share Posted July 23, 2007 Hi We have been looking at the offshore option for money from sale of house (that is if we ever sell it) does anyone know if you keep your money offshore then move it into Oz is it taxable? Link to comment Share on other sites More sharing options...
Guest Australian Property Posted July 31, 2007 Share Posted July 31, 2007 Hi Dizzy As a rule of thumb if this is the proceeds from your main home then this will not be taxed. However, it is always advisable to seek a little professional help from the appropriate specialist to ensure you are 100 % right. I can recommend Joff Martin : 00 61 7 3870 3840 ex Deloitte Touche. Regards Chris Link to comment Share on other sites More sharing options...
Guest dblackwell Posted July 31, 2007 Share Posted July 31, 2007 Hi, we arrive in Brisbane in 5 weeks. Do you have any advice on exchanging currency and opening a bank account. I was thinking of changing enough money over here to keep us going when we get there for a week or so, and then opening a bank account when we get there. There are so many options and it's a worry to know what to do for the best Link to comment Share on other sites More sharing options...
Guest Australian Property Posted July 31, 2007 Share Posted July 31, 2007 Hi Assuming you are coming from the UK you can locate one of the Top 4 Banks that have an arm in London such as the ANZ or I can give you a direct link to the Brisbane City ANZ bank. Whatever you choose you can always reconsider or configure when you arrive - its just a footbridge do begin with. In terms of FE Currency UK is exc : Currency UK Ltd - Foreign Exchange Specialists If you need any more help let me know. Link to comment Share on other sites More sharing options...
Guest BullcreekBob Posted August 1, 2007 Share Posted August 1, 2007 Whats happened to the Aussie Dollar at the mo.:huh:Had my eye on it for a while now and its not budging:no: I am predicting that by June next year it will $2 = 1UKP. The boom in Aust mining will continue to make the currency attractive. Link to comment Share on other sites More sharing options...
koalakids Posted August 1, 2007 Share Posted August 1, 2007 Hi all, :skeptical:I've heard that the exchange rate normally increases during the Australian summer season as the tourism brings in overseas money. Does this sound feasible? Please tell me it's true! KK. Link to comment Share on other sites More sharing options...
Guest chris&dave Posted August 1, 2007 Share Posted August 1, 2007 It looks like the $ has slipped a bit over the last couple of days, because of the USA share market fall and the fact that no-one is borrowing from Japan to buy aussie dollars. Need to keep an eye on this, because if the interest rates rise again next week in Aus the $ will strengthen again. Link to comment Share on other sites More sharing options...
Guest Liam Posted August 1, 2007 Share Posted August 1, 2007 The Aussie Dollar has dropped due a number of factors but the main reason is a flight to safety. when worldwide markets are volatile, people flee to the US$, Euro, GBP and Swiss Franc. that means that the intertest rate differential in Australia no longer is attractive enough to warrant the added risk. Also Metals and Resource stocks have fallen significanlty in OZ and in the UK so this dampens the enthusiasm for AUD$ As a piece of General advice , anyone moving money at the moment should seriously consider drip feeding it over at least 6 months and not try and time the market. Link to comment Share on other sites More sharing options...
Guest Spike Posted August 12, 2007 Share Posted August 12, 2007 Hi, I agree whats happened to the $? Luckily I transferred some money over early this year and got a great rate. I used HIFX who were really good. Otherwise I am putting anything I have left offshore until the rate goes back up or I HAVE to take some out to assist with financing a house. Like to know how good HFIX were as I have been in touch with Moneycorp who keep chasing me to sign up with them. I guess they are as good as each other ? Changing exchange rate is of concern, especially the prediction by BullcreekBob !:unsure: We have still yet to sell our house and open an account as we are at least one year off before the move to Perth or Sydney. Perhaps we should sort our finances out now otherwise we risk losing a shedload. Need a friendly bank for starters, who do you recommend? Link to comment Share on other sites More sharing options...
Guest dblackwell Posted August 12, 2007 Share Posted August 12, 2007 I've decided to go with HIFX. They don't charge any commission but you must change a minimum of £5000. The rates are competitive too and they only require a 10% deposit but you are contracted to pay the balance on the designated date. I've been told Westpac offer the best bank deals only $5 charge per month although that is waivered if $3000 is paid in per month. If anyone has any better deals please let me know. Link to comment Share on other sites More sharing options...
The Broughtons Posted August 13, 2007 Share Posted August 13, 2007 We have a bank account with Westpac set up already. They charge $7 a month but this is waived if there is $3500 in the account. It also has a maxi-saver linked to the account which is set at a slightly higher interest rate. We use halo to send our currency. They charge £15 per transfer under £20 000 or £25 000, sorry can't remember which. They are great and you can pre-order, ask for notification of a particular rate or just buy on the spot. Hope this helps a little:wubclub: Felicity Link to comment Share on other sites More sharing options...
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