calNgary Posted November 12, 2007 Share Posted November 12, 2007 I have been watching the aussie dollar exchange rate and have noticed this last week its crept up a little every day.According to our home page we are now at 2.3(and a bit) ,,has anyone exchanged at this ? i said i would at 2.3 but now im thinking of seeing if it crawls up a little more,,if we can just stretch to 2.4 it would be great ,,any of you experts out there,think it will get that high?? Cal x Link to comment Share on other sites More sharing options...
Guest rachelj Posted November 12, 2007 Share Posted November 12, 2007 I have been watching the aussie dollar exchange rate and have noticed this last week its crept up a little every day.According to our home page we are now at 2.3(and a bit) ,,has anyone exchanged at this ? i said i would at 2.3 but now im thinking of seeing if it crawls up a little more,,if we can just stretch to 2.4 it would be great ,,any of you experts out there,think it will get that high?? Cal x hi cal where can i check exchange rate. rach Link to comment Share on other sites More sharing options...
Guest newnico Posted November 12, 2007 Share Posted November 12, 2007 I have been watching the aussie dollar exchange rate and have noticed this last week its crept up a little every day.According to our home page we are now at 2.3(and a bit) ,,has anyone exchanged at this ? i said i would at 2.3 but now im thinking of seeing if it crawls up a little more,,if we can just stretch to 2.4 it would be great ,,any of you experts out there,think it will get that high?? Cal x I did some today at 2.3310 but would love it if it went higher. 2.4 would let me sleep at night! Link to comment Share on other sites More sharing options...
calNgary Posted November 12, 2007 Author Share Posted November 12, 2007 Rach the easiest way is to click on home at the top of this page and then click foreign exchange on the right hand side,, Cal x Link to comment Share on other sites More sharing options...
Guest rachelj Posted November 13, 2007 Share Posted November 13, 2007 Cal, thanks if i had looked probably would have seen. any thanks again. rach Link to comment Share on other sites More sharing options...
Guest Tom the Pom Posted November 13, 2007 Share Posted November 13, 2007 Check here Exchange Rates Graph (British Pound, Australian Dollar) You can see the graph for the last few months for comparison Link to comment Share on other sites More sharing options...
Guest Working to fish Posted November 13, 2007 Share Posted November 13, 2007 Its on the up ,thank god keep going baby lol eddie Link to comment Share on other sites More sharing options...
Guest rachelj Posted November 14, 2007 Share Posted November 14, 2007 Thanks tom will have a look. rach Link to comment Share on other sites More sharing options...
Guest Windsor2 Posted November 14, 2007 Share Posted November 14, 2007 Cal, A very difficult question to answer i'm afraid, as the moves we are seeing are as a result of more uncertainty and risk aversion from investors and speculators. The effects of the sub-prime crisis and credit crunch are clearly still taking their toll - the rumours in the news last week concerning Barclays sparked more volatility, and over the last couple of days we have seen a big sell off of the commodity currencies such as the AUD. The question of when to transfer your money can only be answered by yourselves - we understand it is a huge move for you and of course you want to get as many dollars as possible. If this risk aversion continues then the AUD could weaken further, but if risk appetite comes back into the market then we could easily see it move back to the 2.24/5 levels of the last few weeks. It has already dropped to around the 2.28/2.29 levels! Some people spread the risk and transfer their funds in stages, which gives you some peace of mind knowing a proportion of your funds are locked in, but allows you to gamble on the market going back up. Ask yourself what can I afford to lose? When it was down at 2.24, 2.30 seemed a very attractive rate - now that very attractive 2.30 is achievable! IF it hits 2.40, will you hold off for 2.50? You can set a target rate, or market order, whereby you pick a rate that you would like to achieve (a realistic one!) and if it hits this then we buy the currency for you. If it doesn’t hit it, we wont, so it is very black and white. It is a good way of benefiting from the peaks in the market, but bear it mind carries the risk of not protecting yourself if the market does drop, so if you do decide to use this option then do continue to monitor the market. Unfortunately it is a gamble as we don’t have a crystal ball, but if you would like to discuss your situation in more detail then please do get in touch. Cheers, Richard, HiFX Link to comment Share on other sites More sharing options...
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