Help me predict where the Australian dollar will be in a month
- Thread starter timmothy
- Start date
Soldato
- Joined
- 28 Oct 2003
- Posts
- 5,510
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- Worthington-on-sea
Transfer half now and keep half in sterling to transfer nearer your departure date. That way, if rates improve you can make a gain but if the drop you've already hedged half against that eventuality.
Of course, if there's a transaction charge for each transfer you're best assessing whether the additional charge would offset any possible gain from more favorable fx rates.
Of course, if there's a transaction charge for each transfer you're best assessing whether the additional charge would offset any possible gain from more favorable fx rates.
An AUS$'s worth or a GB£'s worth?
Last edited:
This. Unless something catastrophic happens.
I did an Australian WHV about four years ago. When I went out there $1AUS was worth about £0.70, now it's closer to £0.50 (so four years ago your £2000 was worth about $3000, today it's worth about $4000). But I doubt it will change that much in the space of a few weeks.
Transfer the money when it's most convenient to you.
