Have some gbp to transfer into aud having looked at past transactions the rate does not look to bad today being it a weekend it never really changes much but if did today I'm locked into that offer,it's normally when uk and aus markets are trading I believe you see if go up and down.
I don't have a crystal ball but is this going to get better or is there bad news to come next week where this will drop, I know when I'm looking at the place I deal with if I keep checking every few mins,even hr or later that day it can shoot up as well as drop right down.
I was just curious if I should wait till next week ie Monday see what's on offer when both sides are trading or do now,I suppose things happen at both sides which can affect the best outcome here on what I get in the end.
What's your thoughts.
GBP to AUD Transfer/Exchange
Comments
Yes what?
Yes, I also don't have a crystal ball.
Lol
I like chips
Have a look at what rate Transferwise provide, you may be surprised. I've used them in the past and they'r pretty spot on. Much much better rates than transferring direct from Natwest.
I know i use them myself,nothing really changes over weekend with the exchange rate, its do i go for it now or see if gets better when trading starts monday.
They reckon its going to get better.
But i think i not take that chance and wait as looking back on past exchanges its the second highest i have had since 2017 and i have done a few.
XE
Currently there are too many uncertainties in Europe and GBP is been doing better in the last 2 weeks. Meanwhile, i think AUD is not at its weakest yet.
If you have a large amount of GBP to be converted, i'd recommend convert 25-50% now. Though i'm not sure what kind of fees you're obliged to pay. If it's a flat fee then it might not be worthwhile to spread out your transaction…
Personally…you dont know a currency is at its peak/lowest until it becomes a historical data. So i'd set a rate in my mind and execute the transaction when the market hits the rate….
but i know its always easier to be said then done. Anyways good luck!
GBP Vs AUD got to 1GBP = 2.2 AUD prior to the Scottish and Brexit referendums having an adverse affect.
If there's a Brexit agreement then the GBP may look to recover slowly to those levels (if it really does work out ok for the UK).
If there's no Brexit agreement or it goes t1ts up anyway then watch the GBP head back towards the 1.50AUD mark.
100% guesswork on my part. I'm praying for the former.
I did a transfer over weekend having used transferwise about Year and half now it's second best rate I have had since using them I think April this year was just over.
Having checked yesterday once it had already a drop from over the weekend so I'm already up.
Just need to keep an eye on it see if it ever lol gets to 2.2 not seen that in years be nice though if did.
Yes.