[jspokes]

After missing out :mad: on the GBP:NZD rate of 2.9+ rate a while back I've been depressed as I'm sure a lot of you have been at the recent exchange rate.:( But moves are afoot. Bless the USA for destroying their own economy :clap and bless all those Japanese for no longer having confidence in the carry trade. So we hit 2.60 today for the first time in a while..:cheers So my question is if you were to put in a conditional currency purchase (I use Currencies Direct) what rate would you go for, asuuming you had to move to NZ in the next 3 months.

Hope this helps
Jon

[Tia Maria]

Oooh tricky one!

If I had a year I would wait for 2.85, but if you have to do it in 3 months I'd say 2.75.

If its a reasonable amount why not drip feed it a bit? (allow for the fees though as this can make a difference if you bring over lots of small amounts)

Its always tempting to feel its going to keep on going up when you are watching it do just that, kind of a gamblers optimism, but with such a small time frame it could just as likely be at 2.5 just when you need to change the money.

So if you need to play it safe changing it in stages might be a good idea.

Cheers

Tia

[Scibby]

So Jealous of the GBP:NZD rate even now;compared with the current USD:NZD at 1.31 and no sign of it getting better.

[whiskythedog]

ah my favourite topic!
based on trends i think late feb/early march it will be on the up so i will stick with my favourite figure of the average rate (over the past 20 years) being 2.85

we drip fed our funds on the last upward swing so did reasonably ok so i probably would start bring over in 20% lumps say 2.70/2.75/2.80/2.85 leaving last 20% as a slight gamble on the highest rate

all depends when you really need the funds ie settlement of a house purchase

nz is a wildly fluctuating currency- when it moves- it moves fast - one/two weeks 2.47 to 2.60 say no more!

[Smiler]

Ohhh scary! :exit

We'd wait up to 12 months as well for 2.75+ and probably grow a nice clutch of ulcers in the meantime.

Hadn't thought of the drip feed idea though, thanks Tia. :nice1 Will mention it to OH.

[buzztalks]

we signed up to come back in Feb 2007. Then sat back and watched the rate climb to its 22 year high when we landed in July. Missed the boat on the big correction spike in late August, so now resigned to leaving equity back in UK, and definitely not committing to the housing market at this stage. Real shame, however common sense has to prevail over sentiment....

[marcia]

It all depends on when you need the funds, we signed up for our house and over the month from signing to paying the money it cost us $30,000 in the exchange rate difference!!! But then when we brought some more money across later on we managed to hit the peak at 2.91.

If you can sit it out do, but if you NEED to bring the funds over you just have to take a deep breath and go for it!:o

[speckythecky]

Hoping for a big increase in next 6-8 weeks. Looking at a house that is auctioned in 2 weeks, so will need deposit then, and complete 42 days later, so have a bit of time but would love 2.80 or above.
Probably panic at the time and go for 2.75

[Tia Maria]

We'll have to revisit this thread on April 22nd to see what the best rate was after all!

Cheers

Tia

[JWR]

In the current market you have to ask yourself which is likely to be most affected by the $US. UK does not seem to be travelling great, looking back 5 years so I'd say waiting won't hurt, and (IMO) NZ will fair worse than UK in weeks ahead, cos NZ has been on a dream ride until last 12 months, whereas UK should start improving against NZ. I wouldn't get hung up about 2.6 / 2.8, just be glad you are leaving UK for NZ, if you don't think like that stay in UK. ;)

[Tia Maria]

I notice a few lower estimates after yesterday!

Cheers

Tia

[Tia Maria]

Oh dear, your poll might not go low enough - currently 2.47!:no

Although as its red scross the board I would expect at least a little bounce back from that!

Cheers

Tia

[jspokes]

So does that just show my level of optimism?!

My residency is (hopefully) getting nearer and watching it climb to 2.61 on 23rd Jan almost got me excited enough to make the transfer. I guess I'd personally set myself a mental target of 2.7+ to get me thinking about it. Remember I'll be moving in the next 3 months.

So what are others feeling now? Still holding out for 2.8+?

Best of luck to all, may you all hit the top of your curve.
Jon

[Tia Maria]

Bump

What did you guys do in the end?

It never made it much higher than 2.6! :(

Cheers

Tia