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Exchange Rate

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  • 07-09-2009 2:27pm
    #1
    JONJO THE MISER
    Banned (with Prison Access) Posts: 12,333 ✭✭✭✭


    :( Ive picked the wrong time to go to Aus, the exchange rate is getting worse by the day its now at 1.67 to the euro:(, i remember for a whole 9 months it was 2.00 to the euro, im thinking of leaving most of my money here and waiting until the exchange rate goes up. Anyone esle fing themselves in this conurdrum?


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    #2
    NaiveMelodies
    Registered Users Posts: 3,172 ✭✭✭NaiveMelodies


    Im hoping it continues to strengthen against the euro as im looking to transfer funds back here and so far my patience has earned me 150 euro!


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    #3
    Mr Benevolent
    Closed Accounts Posts: 12,456 ✭✭✭✭Mr Benevolent


    Yup it's crap, I got 1.697 and no fees because I know someone in the bank, but it's still dropped hugely.


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    #4
    Mackman
    Registered Users Posts: 1,810 ✭✭✭Mackman


    I would take the money now, cause it looks like the Aussie Dollar is only gonna get stronger, thats the concencus here anyway


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    #5
    JONJO THE MISER
    Banned (with Prison Access) Posts: 12,333 ✭✭✭✭JONJO THE MISER


    Mackman wrote: »
    I would take the money now, cause it looks like the Aussie Dollar is only gonna get stronger, thats the concencus here anyway

    Its a comodities based currency so hopefully if the price of them go down so will the Aussie, i think this will be a bad winter in the U.S.A with a few more bank collapses and a deeping depression there once the stimulation money is gone, i think i can hold out untill after xmas hopefully, as it should be about 1.90-2.00 again then.


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    #6
    jank
    Banned (with Prison Access) Posts: 13,018 ✭✭✭✭jank


    Well it is not going to get any weaker imo. Look at the historic averages and judge from that.


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    #7
    Beachband
    Registered Users Posts: 181 ✭✭Beachband


    I'm going to Oz next month and have the same issue, not sure how much AUD to buy, its hovering around 1.69 today, but I am just going to have to buy some, not as much as I intended though.

    Also the banks give the worst exchange rate,
    Most brokers dont charge a cent for buying currency, once the amount is over 3k. They aslo give a better exchange rate.


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    #8
    Zambia
    Closed Accounts Posts: 7,333 ✭✭✭Zambia


    Beachband wrote: »
    I'm going to Oz next month and have the same issue, not sure how much AUD to buy, its hovering around 1.69 today, but I am just going to have to buy some, not as much as I intended though.

    Also the banks give the worst exchange rate,
    Most brokers dont charge a cent for buying currency, once the amount is over 3k. They aslo give a better exchange rate.
    Are you the same Beachband from BE ?

    But back on topic try hiFx they give a much better rate than the banks.


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