[Moorf]

$2.85 :)

[Wannaway]

I'm hyperventilating slightly - back up to $2.87 at 12.45pm Mon 27 March NZT.

I don't want to jinx it, but thats not too far off our personal threshold - we aren't quite going for the ole 3 for 1 as that just seems a bit of a psycological barrier to me. Having said that, I would not be surprised to see it run away when it does hit that $3 mark. Westpac have previously been forecasting up to $3.33 by June 2007!

[curtis]

We are just crossing EVERYTHING that it will still be up there in May when our UK house sale goes through :roll

Karen

[Wannaway]

More news on the exchange rate.


http://www.stuff.co.nz/stuff/0,2106,0a6023,00.html

[Bubbles]

07:20:02 Utc.

1.00 Gbp = 2.88194 Nzd


Its still moving.

[Avalon]

said BNZ chief dealer Mike Symonds: "economy is slowing rapidly."

Duh????

[StevieD]

$2.88 - £1 though :)

[Paul & Rach]

Looks like slightly increased US rates will ease the pressure of the NZ$


See here (http://www.stuff.co.nz/stuff/0,2106,3618995a6023,00.html)

[Wannaway]

After yesterday's mini recovery by the NZ$, today Weds 29 March at 6.30am - 2.89 to the pound, wahey!

[Wannaway]

How sad am I?

Per HIFX at 2.30pm on Weds 29 March (NZT), rate is 2.90 to the pound!

Sing along "ten more cents to go, ten more cents to go, ee aye adio just ten more cents to go"!!!

[Moorf]

You sing, I'll dance.... :raebanana :raebanana

[Jaideco]

>> sick as a parrot << :wah

Seriously... congrats to those of you who are getting a good deal with this. I'm still rooting for a recovery next year.

[willsken]

2.83205 Oh no it's down!....stop stop :(

[baboonworld]

2.84 - it's not fair - i bet it is down to 2.60 when i need to exchange

[StevieD]

Currency will fluctuate wildly over the next couple of months I believe!

[willsken]

Currency will fluctuate wildly over the next couple of months I believe!

As long as it's in the right direction when I want to move!! :laugh

[Moorf]

2.87 today (Monday) - so a good start to the week.... c'mon £1/$3

[Wannaway]

As at 9pm NZT on Tues 4 Apr and per HIFX, the dollar is pushing back to the $2.90 mark (its about a quarter of a cent off). The mini revival that saw the dollar drop from 2.90 back to under 2.81 late last week has unwound in less than 36 hours. Its all being driven by other currencies as there is no economic date or announcements of note in NZ due this week. I think there could be a lot of volatility over the next few weeks.

[Hannah]

What a cool thread...the cyclical feelings of extreme excitement and despairing let down remind me of that UK advert for anti-perspirant where several sweaty guys are watching the football world cup. (The one where they keep standing up and starting to cheer and then drop onto the sofa looking suicidal as that all important penalty is missed again).

I now know what an alien would feel like if it dropped into the centre of the London Stock Exchange at 9.03am on a Monday morning!

[Moorf]

Still hanging around $2.85/£1 :(

[katandbob]

Still hanging around $2.85/£1 :(

Rise rise.....(heres hoping I have a bank acc set up soon :nice1 )

Kat

[Bubbles]

Still on the way up :D

NZ $2.8796 to the £1

[Moorf]

Yay! :raebanana

[Smiler]

ooooohhhhh pension cheque is getting bigger. :raebanana:raebanana:raebanana

[willsken]

2.89970 up up and away with a bit of luck! :)

[Lupin]

so is it worth us opening an NZ account and transferring money in when we think it's a good exchange rate? Dh is NZ citizen. If yes, which back do you recommend for ease of opening overseas? Are there any tax implications I need to know about?

Thanks all, I'm *hopelessly* in the dark about money stuff!!

[willsken]

It certainly will and yes from what I have been told you can transfer some money. Experts seem to think that it will keep rising over the next few months so it may be worth waiting a little longer. :yes

[willsken]

2.91350 year high!! :raebanana

[zardell]

:raebanana :raebanana :raebanana

Julie

xx

[jubjub]

Thats why my $700 was only £240 from N/wide today, it has been as much as £275 in the past...

[Delson]

$2.9232 - £1 :clap :raebanana :clap

[Bubbles]

I'll see your $2.9232 - £1, and raise you to

$2.9364 - £1

:D

[zardell]

And I'll see your $2.9364 and raise you to............

$2.9377 - £1

Julie

xx

[Bubbles]

Now Julie, thats just unfair ;)

There's ' No Way ' I'm gonna fold.

' Do you feel lucky. '

Plenty to play for in this hand yet. :D

John

[willsken]

2.94115 :nice1

[Bubbles]

$2.9409 - £1 :raebanana

Go on, beat that. I dare you. ;)

[Bubbles]

Just seen your post Nicola. You've done me.
You play a mean game there. :laugh

Oh well lets deal again. Best out of 3, ok

John.

[StevieD]

$2.94366 anybody? Knowing our luck it won't hang around until we sold up :(

[zardell]

Knowing our luck it won't hang around until we sold up :(


Yes it will - and its just gonna keep getting better !!

At least thats what I'm telling myself ............

Julie

xx

[willsken]

$2.94366 anybody? Knowing our luck it won't hang around until we sold up :(


Just keep praying for the UK interest rates to go up as well to strengthen the pound and we should be fine! (What a meany I am!!! :p )

[willsken]

Just seen your post Nicola. You've done me.
You play a mean game there. :laugh

Oh well lets deal again. Best out of 3, ok

John.

If it keeps going up I may even let you win one!!!!!

[StevieD]

Nicola, as long as we get a good deal to squeeze the most out of our meagre pile I will be well happy :)

And Julie, you keep on looking into your crystal ball....

[willsken]

Nicola, as long as we get a good deal to squeeze the most out of our meagre pile I will be well happy :)

And Julie, you keep on looking into your crystal ball....

Steve, I know that feeling so well. Meagre and getting meagerer by the day with all the fees to pay! (I know meagerer not a word - but I like it! ;) )

[roddixon]

[QUOTE=StevieD]$2.94366 anybody? Knowing our luck it won't hang around until we sold up :([/QUOTE)

This was my fear also-but I've found out that certain currency traders(HIFX etc)allow you to effectively set a rate now and excercise the option for up too two years time, I'll be looking into this in more detail as like most people the majority of my assets are tied up in my house-
By the way; I've become almost an exchange rate boffin of late; studying all the reports I can find on the future direction and it seems all the experts expect the dollar to continue to weaken for the next 12 months-something to do with foreign bonds maturing and being cashed in.
I plan to move back within the next 12/18 months so now it's down to sleepless nights deciding when to go in and buy....or wait....!!!!!!!!!

[willsken]

2.95915 :d

[StevieD]

Nicola, anybody would think you were excited by all this money trading - ever considered a job in the city? :laugh

But it is compulsive though I must admit.

Steve

[Bubbles]

The way the dollar is trading, I think it likely you could see $3 - £1 or above today.

$2.9708 - £1 at the moment.

[smitjo]

:raebanana :raebanana :raebanana
Keep it coming - bring on $3 to the £1!

[willsken]

The way the dollar is trading, I think it likely you could see $3 - £1 or above today.

$2.9708 - £1 at the moment.

shhhhhhhh.... don't tempt fate!!!!! :D

[Avalon]

Bleedin' 'ell - hubby has just phoned to tell me - 2.96 :D Im getting ready to bring some more money over :D

Keepin everything crossed

[Wannaway]

Per HIFX - 2.9861 to the pound at 7.18pm Weds NZT. Will it top the magical 3 to 1 before the end of the week????

[Cardiff Irons]

Just a thought. When (if?) it reaches $3, does anyone think this will spark a mass orgy of cash transfers (think how many people have set to exchange "once it reaches $3)?

With all the sudden popularity of the NZ $ it might serve to strengthen the currency and bring the rate down again!!!:no

[TonyOne]

Why are there 2 exchange rates. I see a rate at £1 = 2.98 and then the tourist rate at £1 = 2.68. Is it possible to get the 2.98 rate when transferring your money between bank in uk to bank in NZ?

[Smiler]

Hi Tony welcome to the forum.

I think $2.68 is the tourist rate you get when you buy/sell, like at the exchange bureau after they take their cut ermmm commission.

[Avalon]

Just a thought. When (if?) it reaches $3, does anyone think this will spark a mass orgy of cash transfers (think how many people have set to exchange "once it reaches $3)?

With all the sudden popularity of the NZ $ it might serve to strengthen the currency and bring the rate down again!!!:no
Gee, thanks for that cheery thought :D

[Wannaway]

The tourist rate is a rubbish rate and cuts the exchange dealer a fair whack (to cover their costs etc) and is geared exactly to what it caters for huge volumes of tourists each changing comparatively small amounts of money. The HIFX rates are the inter bank rates and are not what you would get on changing up personal funds. What you will get will depend on who you use and how much you are looking to change. HIFX say they offer the best rates generally, they make their money on the margins. I bank with HSBC and at the point HIFX were offering 2.948 on the (unattainable) inter bank rate o their website, HIFX offered me 2.924, ie about 0.8% discount on bank wholesale rates which I thought was OK (there would have been no other charges). Didn't take it though, figured the rate had a little further to go, now its at 2.98 with HIFX (reckon I would get 2.96 or thereabouts with HSBC) I am tempted to change up!

[Cardiff Irons]

Gee, thanks for that cheery thought :DStevieD was right, I am as miserable as sin!:eek:

[StevieD]

Up the 'ammers, come on Steve, keep the faith!

I don't think a few hundred emigrees will cause that much of a dent in the financial markets.

[willsken]

Up the 'ammers, come on Steve, keep the faith!

I don't think a few hundred emigrees will cause that much of a dent in the financial markets.


It may if I decided to exchange my millions! :laugh

[StevieD]

Gizza loan then :)

[Moorf]

Ohhhh xe.com has it at 2.988 at the mo :nice1

[Moorf]

Argh! 2.998! It's teasing me! Sat here, in bed, with thermals, woolly scarf, 2 jumpers and stinking of Vicks and all that's keeping me going is the exchange rate site and the refresh button :o

[Avalon]

Dont look on Hifx then - for the sake of your health! (I mean really - dont look - its not as high)

[Avalon]

Of course the question is - if you see a big red button that says "Do Not Press This Button" - are you the sort of person who presses it? :D :D :D

[Moorf]

*click*

[Avalon]

I knew it!

Current "spot rate" from Hifx at 2.9521 on a published interbank rate of 2. 97

[treen74]

Of course the question is - if you see a big red button that says "Do Not Press This Button" - are you the sort of person who presses it?


Big Brother fan then? :raebanana

[Paul & Rach]

$3.01 to the pound Friday, 12 May, 2006, 08:53 GMT 09:53 UK

:cheers

[willsken]

:cheers :cheers :cheers :cheers

[martinp]

$2.94366 anybody? Knowing our luck it won't hang around until we sold up :(

With companies like HIFX you can make a forward buy. You pay 10% of the amount you want to convert up front, and you then specify the date you want to complete the deal in the future, and pay the balance at that time. You won't be able to make the transfer before the end date. However you'll get todays rate even though you don't complete the deal for say 2 months.

Martin.

[willsken]

3.02850 - best yet! Oh, this is so exciting! :D

[willsken]

3.03065 - anyone getting bored yet? ;)

[smitjo]

As long as it continues to go up then I won't get bored! :laugh :laugh

:cheers

[Moorf]

Every time it goes up we get a pay rise :cheers :cheers :cheers

[StevieD]

AND it is over $3-£1 this morning :raebanana