ROB T Posted June 12, 2013 Report Share Posted June 12, 2013 The exchange rate today is almost at a 3 year high and I am sure there are many thinking whether to change sterling now or to hold out a little longer for an even better rate. How high can it go before a major correction kicks in or can we say goodbye to the lows of mid $1.40's forever? Quote Link to comment Share on other sites More sharing options...
dsouzas Posted June 12, 2013 Report Share Posted June 12, 2013 That's the exact same question me and OH have been discussing tonight! I've been monitoring the exchange rate over the last few days and it's even gone up since last week. It will be interesting to hear what other people think on this topic - any advise will be much appreciated! Quote Link to comment Share on other sites More sharing options...
AndyandJo Posted June 13, 2013 Report Share Posted June 13, 2013 I exchanged at 1.55 and wish I had waited but I really don't think it will go much higher, I am now in the situation that I have to send home so that will hit hard! Quote Link to comment Share on other sites More sharing options...
Bibbs Posted June 13, 2013 Report Share Posted June 13, 2013 The wife transfered a lot over 2 years ago at 1.6. Should we have waited? Not really, it earned the best part of 6% in an interest account for 18months, and then we've put it into property. I can't see the UK coming out of the slump for a long time yet. And Australia's economy is so small that a bit of good/bad news has massive swings. Not sure how a Liberal Government will impact later in the year, will probably help the AUD become stronger. And the cancelling of the carbon tax should help the AUD too. Quote Link to comment Share on other sites More sharing options...
elfie Posted June 13, 2013 Report Share Posted June 13, 2013 Its diabolical if you are sending money back to the UK I got 0.61 last week and its dropped even further today to 0.57 Quote Link to comment Share on other sites More sharing options...
lozzachino Posted June 14, 2013 Report Share Posted June 14, 2013 We didnt have a choice when we changed money a few weeks before we arrived. The rate was dropping and dropping so we cut our losses and changed, got 1.43. Murphy's bloody law its back up to over 1.6. All we wanted was 1.5!!!!!!! Quote Link to comment Share on other sites More sharing options...
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