Parley Posted December 22, 2010 Share Posted December 22, 2010 Euro is down about 12 or 13 cents in 5 weeks. I was on holidays in Europe from mid October to mid November and was generally converting at $1.41 or $1.42. I've still got 100 euro cash at home which has devalued about $12 in the month its been sitting in my cupboardd Link to comment Share on other sites More sharing options...
Parley Posted December 22, 2010 Share Posted December 22, 2010 Euro is 1.297 :eek: I look at the BBC site which shows the euro at 1.31 BBC NEWS | Business | Market Data | Currencies | Euro EUR v Aus Dollar AUD Link to comment Share on other sites More sharing options...
Guest chris955 Posted December 22, 2010 Share Posted December 22, 2010 I know I will be called heartless and thoughtless but spare a thought for those going home, every cloud has a silver lining. The rate will change back but who knows when, the UK Government like it the way it is. Link to comment Share on other sites More sharing options...
Parley Posted December 23, 2010 Share Posted December 23, 2010 If you have money and a job, then a recession can seem like a good thing. Assets become cheaper to buy, you can buy a house cheaper etc. Everything is on sale in the shops. But spare a thought for the people doing it tough. Link to comment Share on other sites More sharing options...
Guest chris955 Posted December 23, 2010 Share Posted December 23, 2010 There are people doing it tough in both countries. Look at the sales here and we didn't technically go through a recession like the UK did. Something that can be bad for some can be good for others but no-one should feel guilty for taking advantage of a situation. Link to comment Share on other sites More sharing options...
tracy123 Posted December 23, 2010 Share Posted December 23, 2010 There are people doing it tough in both countries. Look at the sales here and we didn't technically go through a recession like the UK did. Something that can be bad for some can be good for others but no-one should feel guilty for taking advantage of a situation. I guess it's the way those comments are perceived by others. I've got a job, well I'm alright jack. I've got a great exchange rate I'm alright jack! Should someone feel guilty? I guess it depends on a situation, if you take advantage of someone, yes you should, if you take advantage of a situation that you have no control over, NO! But rubbing peoples mis fortunes in it, well that's just childish and poor form IMHO Link to comment Share on other sites More sharing options...
Guest chris955 Posted December 23, 2010 Share Posted December 23, 2010 Yes obviously. But rubbing peoples mis fortunes in it, well that's just childish and poor form IMHO Link to comment Share on other sites More sharing options...
tracy123 Posted December 23, 2010 Share Posted December 23, 2010 Yes obviously. Not for some it seems Link to comment Share on other sites More sharing options...
Guest chris955 Posted December 23, 2010 Share Posted December 23, 2010 None of us have any control over what others post, we can only monitor our own posts. I should add that I do realise you are having another go at me but I'm well used to your personal attacks by now. Like I must be making up my experiences because they don't match yours. Link to comment Share on other sites More sharing options...
tracy123 Posted December 23, 2010 Share Posted December 23, 2010 None of us have any control over what others post, we can only monitor our own posts.I should add that I do realise you are having another go at me but I'm well used to your personal attacks by now. Like I must be making up my experiences because they don't match yours. Not at all. Link to comment Share on other sites More sharing options...
Guest juliemtaylor Posted December 23, 2010 Share Posted December 23, 2010 grow up sqabblers, supposed to be a nice site! Where is your festive spirit? or have you had too much already? Link to comment Share on other sites More sharing options...
Guest chris955 Posted December 23, 2010 Share Posted December 23, 2010 I'm fine, I just get sick of the stupid comments sometimes that's all. Link to comment Share on other sites More sharing options...
B1K3R Posted December 23, 2010 Author Share Posted December 23, 2010 I look at the BBC site which shows the euro at 1.31 BBC NEWS | Business | Market Data | Currencies | Euro EUR v Aus Dollar AUD Yes, the what the Banks buy I guess, I quoted what they are selling, which means at the end of the day, one will be exchanging with 1.297, well at that instance of my previous post obviously :smile: Cheers B!K3R Link to comment Share on other sites More sharing options...
Guest Bobby Posted December 23, 2010 Share Posted December 23, 2010 I guess it's the way those comments are perceived by others. I've got a job, well I'm alright jack. I've got a great exchange rate I'm alright jack! Should someone feel guilty? I guess it depends on a situation, if you take advantage of someone, yes you should, if you take advantage of a situation that you have no control over, NO! But rubbing peoples mis fortunes in it, well that's just childish and poor form IMHO To be fair it works both ways, when people were going to oz and the rates were great those people did not care about people going back to the UK and getting terrible rates, so I think that is an unfair comment to be honest. Link to comment Share on other sites More sharing options...
Guest chris955 Posted December 23, 2010 Share Posted December 23, 2010 Don't go bringing facts into it :laugh: Link to comment Share on other sites More sharing options...
B1K3R Posted December 23, 2010 Author Share Posted December 23, 2010 EUR/AUD = 1.28997000......can it go to -ve ? :biglaugh: :biglaugh: :biglaugh: :wacko: :twitcy: :twitcy: :shocked: :frown: :cry: Link to comment Share on other sites More sharing options...
Phoenix16 Posted December 23, 2010 Share Posted December 23, 2010 Personally I think you have to look at your reasons for emigrating. At the moment it's harsh if you move over here, but were your sole reasons a great exchange rate, cheap housing and working a few days a week to earn some pocket money? that's not the reality. You have to work blooming hard, it's expensive but in the evenings and weekends you get the quality of life (my opinion), what do you really want? It's an important question you need to ask yourselves.... Link to comment Share on other sites More sharing options...
B1K3R Posted December 23, 2010 Author Share Posted December 23, 2010 Personally I think you have to look at your reasons for emigrating. At the moment it's harsh if you move over here, but were your sole reasons a great exchange rate, cheap housing and working a few days a week to earn some pocket money? that's not the reality. You have to work blooming hard, it's expensive but in the evenings and weekends you get the quality of life (my opinion), what do you really want? It's an important question you need to ask yourselves.... I'll go on foot to OZ if need be :laugh: It's OK, I'm only going to loose a couple of hundreds, just being a drama queen TBO :wub: Cheers B!K3R Link to comment Share on other sites More sharing options...
Phoenix16 Posted December 23, 2010 Share Posted December 23, 2010 I'll go on foot to OZ if need be :laugh: It's OK, I'm only going to loose a couple of hundreds, just being a drama queen TBO :wub: Cheers B!K3R B!k3R! I've read enough of your posts to know just how much this all means to you and from the bottom of my heart I really do wish you all the best xxx Link to comment Share on other sites More sharing options...
Guest Bobby Posted December 23, 2010 Share Posted December 23, 2010 What I do not understand is that the footsie went past 6000 today and they were saying the economy is going in the right direction, if this keeps up the good news is that the pound will get stronger and you going to Oz will get more for your buck. Late rally takes FTSE over 6000 PA Thursday, 23 December 2010 http://www.independent.co.uk/news/business/news/late-rally-takes-ftse-over-6000-2168145.html Link to comment Share on other sites More sharing options...
tracy123 Posted December 23, 2010 Share Posted December 23, 2010 To be fair it works both ways, when people were going to oz and the rates were great those people did not care about people going back to the UK and getting terrible rates, so I think that is an unfair comment to be honest. Same applies both ways, I came to England when the £ was high, house prices high. But to be fair that is the norm, what we are seeing at the minute isn't. People that came to Australia 3 years ago and going home are making a killing and good luck to them and I don't think anyone on PIO would wish them anything else but well wishes. :notworthy: But at the same time I don't think it's right to brag how great things are for yourself when others are doing it tough. I bought this house for this, now I can sell for this and since house prices in the UK are low WOW look what I can buy :jiggy:BTW Australia is crap, expensive, blah, blah, blah...... Link to comment Share on other sites More sharing options...
pablo Posted December 23, 2010 Share Posted December 23, 2010 I look at the exchange rate from a pragmatic viewpoint,IE this site is "mainly" for people wanting to migrate "to" oz,theres a "lot" more migrating than coming back,so it would be better for the "majority" on here if the £ was doing a bit better????cant see it tho. Link to comment Share on other sites More sharing options...
fleabo Posted December 23, 2010 Share Posted December 23, 2010 What I do not understand is that the footsie went past 6000 today and they were saying the economy is going in the right direction, if this keeps up the good news is that the pound will get stronger and you going to Oz will get more for your buck.Late rally takes FTSE over 6000 PA Thursday, 23 December 2010 Late rally takes FTSE over 6000 - Business News, Business - The Independent Have a look at the constiuent members of the FTSE100. 5 of the top ten are oil/gas and mining companies. These are good indicators of what is happening to the global economy, as much as the UK economy, which is going well. Also, if your currency is gash, maybe overseas folks are happy to pay a few more £ for a few more shares. Cheers. Link to comment Share on other sites More sharing options...
Parley Posted December 23, 2010 Share Posted December 23, 2010 As I mentioned before, I think the pound sentiment is affected greatly by the Euro sentiment. While Euro is seen as having major troubles it will be unlikely for the pound to go strongly in the other direction. So I think the Eurozone needs to get sorted out before the pound also improves. Link to comment Share on other sites More sharing options...
Guest guest32776 Posted December 23, 2010 Share Posted December 23, 2010 What I do not understand is that the footsie went past 6000 today and they were saying the economy is going in the right direction, if this keeps up the good news is that the pound will get stronger and you going to Oz will get more for your buck.Late rally takes FTSE over 6000 PA Thursday, 23 December 2010 Late rally takes FTSE over 6000 - Business News, Business - The Independent The top performing companies that have been driving the FTSE higher have tended to be the ones with earnings from markets other than the UK. Also, commodities have been up again recently - which drives the AUD higher. There will be a correction, but not yet I'm afraid.... I expect the mining super tax to reappear in the New Year - that will do some damage to the AUD. Link to comment Share on other sites More sharing options...
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