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Any Currency Exchange experts around?

CrackisWhack · 2011-09-07 17:48:59

I'm planning on transferring Euro's over to my bank account in Australia soon, the rate has gone from 1.40 to 1.32 in recent weeks, should i wait a few weeks or does it look as if the AUD will get stronger? Cheers

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07-09-2011 6:48pm

#1

CrackisWhack

Registered Users Posts: 852 ✭✭✭

Join Date: January 2010

Posts: 825

I'm planning on transferring Euro's over to my bank account in Australia soon, the rate has gone from 1.40 to 1.32 in recent weeks, should i wait a few weeks or does it look as if the AUD will get stronger?

Cheers

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#2 08-09-2011 6:45pm
ravima

Registered Users Posts: 848 ✭✭✭

Join Date: June 2007

Posts: 822

now if I knew the answer to your question, I could be very wealthy!

EUR may slip now that there is no prospect of increase in interest rates together with the general EUR area crisis.

AUD is dependent on minerals and metals.

Its a hard call. EUR area could sort problems and gold could fall, then EUR woudl be more valuable

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