Rosshf Posted January 13, 2012 Report Share Posted January 13, 2012 (edited) We are hoping to move to Perth in September (163 visa) and so every day I now look at the exchange rate -- it's becoming a minor addiction. Over the past couple of weeks it's not been a pretty sight. Today the rate is 1.49 AUD to the £. Someone please tell me it's going to rebound soon and climb to a new peak round about September. The rate can't languish in the doldrums for much longer, can it? Cheers Ross Edited May 8, 2012 by Rosshf Quote Link to comment Share on other sites More sharing options...
Guest NeilEB Posted January 13, 2012 Report Share Posted January 13, 2012 Erm....yep, it can I'm afraid. Interestingly I get an email everyday - it did rebound slightly around Christmas, reaching 1.6, but now is below 1.5 again. Not sure it'll be increasing any time soon I'm afraid. But, don't stress too much about the exchange rate - once you're over there it doesn't affect you. You might have a bit less to go over with, but that's about it. Quote Link to comment Share on other sites More sharing options...
bensdad Posted January 13, 2012 Report Share Posted January 13, 2012 According to the press over here the aus $ is only going to get stronger against both gbp £ & usd $ it seems to be performing well. Quote Link to comment Share on other sites More sharing options...
Rosshf Posted January 13, 2012 Author Report Share Posted January 13, 2012 But, don't stress too much about the exchange rate - once you're over there it doesn't affect you. You might have a bit less to go over with, but that's about it. My problem is I'll have a fair bit of dosh to convert into AUD, so small differences are still significant. Maybe the Euro will implode... Ross Quote Link to comment Share on other sites More sharing options...
Guest gingermelon22 Posted January 13, 2012 Report Share Posted January 13, 2012 hey ross, i know how ya feel just before xmas the aus dollar was 1.31 against the euro now it has dropped to 1.23 and getting worse by the day.im hopefull that it will improve but i seriously doubt that it will:( Quote Link to comment Share on other sites More sharing options...
Guest PeteDollar Posted January 13, 2012 Report Share Posted January 13, 2012 We are hoping to move to Perth in September (163 visa) and so every day I now look at the exchange rate -- it's becoming a minor addiction. Over the past couple of weeks it's not been a pretty site. Today the rate is 1.49 AUD to the £. Someone please tell me it's going to rebound soon and climb to a new peak round about September. The rate can't languish in the doldrums for much longer, can it? Cheers Ross Range used to be from 2-3.3 but if you go back to the 1970's it got to 1.1. As a commodity producing country in a world of rising commodity prices Au$ unlikely to weaken. Strenthening is a distinct possibility. Good if you work there, bad your bringing funds in Quote Link to comment Share on other sites More sharing options...
Guest NeilEB Posted January 13, 2012 Report Share Posted January 13, 2012 My problem is I'll have a fair bit of dosh to convert into AUD, so small differences are still significant. Maybe the Euro will implode... Ross I seriously wouldn't put any hope in it increasing. Plan on it weakening further, and you can only then be surprised. Only you know the sum of money you're talking about. I've heard of people doing stuff like buying cars, shipping them and trying to sell them, but there's a tax implication in that. Also, you could take a risk and start converting £'s to AUD now. TL;DR - I don't think the rate will increase in your favour soon, so plan for the worst and see if it's still viable. Quote Link to comment Share on other sites More sharing options...
Rosshf Posted March 6, 2012 Author Report Share Posted March 6, 2012 Well, 2 months later and we're back to 1.49. Momentary relief that the GBP hasn't completely fallen over (yet). Hoping for a further improvement in the next few months. Anyone got any good news about the GBP/AUD forecast? Quote Link to comment Share on other sites More sharing options...
Rosshf Posted May 8, 2012 Author Report Share Posted May 8, 2012 What a difference a couple of months makes. Exchange rate is at 1.5977 as I type. Anyone got any further insights into the market? Ross Quote Link to comment Share on other sites More sharing options...
Rosshf Posted July 5, 2012 Author Report Share Posted July 5, 2012 In an effort to encourage anyone to post some good news about the exchange rate, thought I'd reinvigorate this thread and highlight the latest rate: 1.5112 [bangs head against wall]. We got our visa granted at beginning of June, just as the exchange rate headed for the cliff yet again, so holding off exchanging for the moment. I'm away to stick my money in a Greek/Spanish/Italian bank... 1.61, where are you now? Ross Quote Link to comment Share on other sites More sharing options...
elfie Posted July 5, 2012 Report Share Posted July 5, 2012 Er Greek bank id rather put it under the bed than there ) Quote Link to comment Share on other sites More sharing options...
Guest gsimmons Posted July 17, 2012 Report Share Posted July 17, 2012 There are a lot of considerations that are needed to be able to prove that your venture in forex trading is as important and one that works right within your resources. Sure enough it is not as shabby as how you want it to be but it would work right for whatever it is worth. Hope that things would be going equally as important and well for you. And hope that there would be no problems for what you like. Quote Link to comment Share on other sites More sharing options...
Guest themanns Posted July 19, 2012 Report Share Posted July 19, 2012 try not to worry about the exchange rate too much as if you have a large amount you could put it into a savings account in aus and the rate can be as much as 6 or 7 %! that should claw some back Quote Link to comment Share on other sites More sharing options...
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