Sign in to follow this  
Guest JamesP

Changing Money

    Recommended Posts

    Guest JamesP

    Hi kids,

     

    hoping to have a budget of between £6000 and £7000 when i fly out to Oz in May 2011. Going to change a small amount for when i first come over, then open a bank account to put most of the rest in. Anybody got any idea what the exchange rate is like now, and what it's likely to be over the coming months?

     

    Help and advice always appreciated.

     

    James P

    Share this post


    Link to post
    Share on other sites
    Guest Mark Xpnsit

    No-one can ever guess the exchange rate, its a game. I would say that it appears like it will not change drastically in the short-term but who knows. Do you need the money in the short-term?

     

    You need to work out how much interest you could earn here (interest rates higher) v's how much you'll lose on the exchange rate.

     

    Sorry I can't be more helpful!

    Share this post


    Link to post
    Share on other sites

    Create an account or sign in to comment

    You need to be a member in order to leave a comment

    Create an account

    Sign up for a new account in our community. It's easy!

    Register a new account

    Sign in

    Already have an account? Sign in here.

    Sign In Now

    Sign in to follow this