My wife and I are looking at arriving in Australia between October and December 2010.
Now I try and keep on top of current affairs, read The Economist and the like, and I'm convinced that Britain is in deep trouble and that pretty soon the pound will crash.
Therefore I'm trying to convince the wife to convert our savings (about £15000) into Australian Dollars ASAP to avoid them becoming worthless. She isn't convinced that we should exchange everything as we lose use of that money for 10 months or so.
I know that there are people on this site that are much more knowledgable about exchange rates and the money markets etc. and I'm asking:
Am I right to convert all of our savings now or should we wait?
Thanks in advance.