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Tia Maria
17th January 2008, 05:20 PM
Is there an exchange rate that would tempt you, or, allow you, to return back to your country of origin?

For instance if you came over with £100,000 and were lucky enough to get a rate of 2.85 you would get about $280,000 (minus fees). Then if the rate dropped to 2.2 you could get about £129,000 back.

Is there a level, maybe combined with a rise in the price of your NZ property when you'd be tempted?

(I've used the UK as an example as this is what I am familiar with, but the question applies to all currencies)

Cheers

Tia

benandclare
17th January 2008, 05:41 PM
Not tempted to move back wholesale but tempted maybe to move cash around as we were lucky to move over at the higher end :nice1

incredible hulse
17th January 2008, 09:48 PM
We still have a fair amount of cash left in the UK as I was waiting for a stronger rate at the time (3.2!). Our average is around the 2.75 rate and we are currently weighing up whether to stay or return to the UK. The exchange rate has a lot to do with this and if we could get around 2.5 this would help smooth the pain of the increase in the UK market allied with the loss in money by being on a NZ salary for 2 years.
In the meantime like BenandClare we've been doing a bit of diy forex trading

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