Falling!!! Help!!!

[cove]

What say we come over and bolster the pound. It is the least we could do seeing our cricket chances are looking bleak.

 

[Mal]

Not particularly happy with the pound situation... Bit I still reckon things are generally much cheaper overall here than Australia.

 

[cove]

Yes I really noticed that the prices in and around London are quite a bit lower than Perth but that would not be too difficult.
With the pound nowhere near my dream level of 0.70 I remain content with 0.66 that we booked prior to the $AUS adjusting.
Lucky it's only money that has devalued. If it was FF points that were being enhanced that would be a worry.
I heard a rumour that the sun was trying to shine in London so those grim faced public transport users could become less obvious.

 

[Flashback]

Not particularly happy with the pound situation... Bit I still reckon things are generally much cheaper overall here than Australia.

It was .57 when I moved and it's .60 now - so still doing OK! I remember thinking it was fantastic when I moved over and got the rate I did.

 

[Flashback]

Yes I really noticed that the prices in and around London are quite a bit lower than Perth but that would not be too difficult.
With the pound nowhere near my dream level of 0.70 I remain content with 0.66 that we booked prior to the $AUS adjusting.
Lucky it's only money that has devalued. If it was FF points that were being enhanced that would be a worry.
I heard a rumour that the sun was trying to shine in London so those grim faced public transport users could become lee obvious.

Don't worry - the rumours you heard are wrong. While we did have a day and a half of sun .. the rest of the week is rain :shock:

 

[Pukka]

The GBP vs AUD has taken a bit of a beating! That being said, it's still slightly above what it was when I moved here.

It was 0.40 when I moved here so still up by 50%. I transferred my super over here and have it sitting in a CBA GBP account earning 0% because I can't bring myself to convert it into A$ yet

 

[whatmeworry]

Seems Aussies and Kiwis are leaving the UK back for downunder.

Aussies head home as UK economy stalls: video

 

[lovestotravel]

17th April

Aussie dollar back up to $1.04.

Now around 0.94....

 

[Flashback]

Seems Aussies and Kiwis are leaving the UK back for downunder.

Aussies head home as UK economy stalls: video

You won't be getting me back any time soon, the weather is too good here!

 

[whatmeworry]

17th April


Now around 0.94....

Yeah I saw that... Those were the days...

 

[JohnK]

Hovering around THB29.

Have to cut down on the tips in a couple of weeks....

 

[Tortuga]

I know FX is one of the most difficult things to predict but does anyone have a rough idea of its general direction over the next few years relative to the AUD. I am trying to decide whether I open a USD dollar account and take advantage if the AUD continues to weaken against the USD?

 

[Pukka]

I know FX is one of the most difficult things to predict but does anyone have a rough idea of its general direction over the next few years relative to the AUD. I am trying to decide whether I open a USD dollar account and take advantage if the AUD continues to weaken against the USD?

I would seek better advice than this forum !!

I think the general consensus is the AU$ will continue to weaken, but it's a guess and that's all it is. Things can change very rapidly with Tsunami's Terrorist attacks and a multitude of other unforeseeable events

 

[Danger]

I know FX is one of the most difficult things to predict but does anyone have a rough idea of its general direction over the next few years relative to the AUD. I am trying to decide whether I open a USD dollar account and take advantage if the AUD continues to weaken against the USD?

Oooooh. How does one open a US dollar account?

 

[Tortuga]

Oooooh. How does one open a US dollar account?

HSBC,Citibank,NAB, Comm bank all have multi currency accounts. There are different fees depending on the bank, I'm trying to figure out which offers the lowest fees and best FX rates.

 

[JohnK]

If the AUD gets back to parity with the USD then I am going to purchase as much USD as I can and use for future trips.

The lower exchange rate really hurt this trip.

 

[Mrmaxwell]

I was lucky to purchase a chunk of US currency at parity when it dropped from $1.05 to $0.99. I have several trips booked so easy to justify but I wouldn't have done it if just stashing away for a rainy day. Tech and fashion are still great value when in the US however hotel bills are a little harder to enjoy with +15%

 

[cove]

We have both US and UK bank accounts but forget the idea that you are going to earn interest on that money as their deposit rates are very close to zero.
If you park the funds in Australia and get 6% then in 3 years the currency has to move about 20% for you to be in front.
I still consider the current exchange to be very,very reasonable.

 

[Pukka]

We have both US and UK bank accounts but forget the idea that you are going to earn interest on that money as their deposit rates are very close to zero.
If you park the funds in Australia and get 6% then in 3 years the currency has to move about 20% for you to be in front.
I still consider the current exchange to be very,very reasonable.

I've got my UK super in a CBA GBP account in the name of my SMSF as I wanted it out of the UK but the interest rate is 0% and I can't bear to transfer it to $AU yet

 

[markis10]

Whats the bet the dollar takes a hit at 11.30 with the inflation figures.