Debate House Prices


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54.3p

fatbeetle
fatbeetle Posts: 570 Forumite
Ninth Anniversary 500 Posts I've been Money Tipped!
in Debate House Prices & the Economy
Ok, don't know if anyone can offer thoughts on this.

The $Au is currently at 54.3p. We want to send $15,000.00 over to the UK to pay off our mortgage.

Is it worth waiting to see if it hits 55p, or do you think we should bit the bullet now?

The $Au vs the £ can be tracked here; http://www.xe.com/currencycharts/?from=AUD&to=GBP

Thanks in advance
“If you trust in yourself, and believe in your dreams, and follow your star. . . you'll still get beaten by people who spent their time working hard and learning things and who weren't so lazy.”
«13

Comments

  • kinger101
    kinger101 Posts: 6,573 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Do you want a list of all the winners at Newbury tomorrow as well?
    "Real knowledge is to know the extent of one's ignorance" - Confucius
  • chewmylegoff
    chewmylegoff Posts: 11,466 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    kinger101 wrote: »
    Do you want a list of all the winners at Newbury tomorrow as well?

    I'll settle for a copy of Sports Almanac 2016.
  • stator
    stator Posts: 7,441 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    fatbeetle wrote: »
    Ok, don't know if anyone can offer thoughts on this.

    The $Au is currently at 54.3p. We want to send $15,000.00 over to the UK to pay off our mortgage.

    Is it worth waiting to see if it hits 55p, or do you think we should bit the bullet now?

    The $Au vs the £ can be tracked here; http://www.xe.com/currencycharts/?from=AUD&to=GBP

    Thanks in advance
    Arbitary numbers like 55p are irrelevant. If you want to wait then wait, but don't get fixated on a round number.
    Changing the world, one sarcastic comment at a time.
  • fatbeetle
    fatbeetle Posts: 570 Forumite
    Ninth Anniversary 500 Posts I've been Money Tipped!
    Cheers gang.

    I was just wondering what people thought the prospects for the £ Sterling were really.
    “If you trust in yourself, and believe in your dreams, and follow your star. . . you'll still get beaten by people who spent their time working hard and learning things and who weren't so lazy.”
  • somethingcorporate
    somethingcorporate Posts: 9,449 Forumite
    the crystal ball says....
    Thinking critically since 1996....
  • westernpromise
    westernpromise Posts: 4,833 Forumite
    Your mortgage balance is less than two of my payments....
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    fatbeetle wrote: »
    Ok, don't know if anyone can offer thoughts on this.

    The $Au is currently at 54.3p. We want to send $15,000.00 over to the UK to pay off our mortgage.

    Is it worth waiting to see if it hits 55p, or do you think we should bit the bullet now?

    The $Au vs the £ can be tracked here; http://www.xe.com/currencycharts/?from=AUD&to=GBP

    Thanks in advance

    I would just transfer the money.

    On $15,000 the difference is going to be marginal: fixed costs and spread are going to cost you far more than waiting for the ideal moment, which you can't identify, to transfer the funds.
  • Cakeguts
    Cakeguts Posts: 7,627 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    somethingcorporate wrote: »
    the crystal ball says....

    I don't have crystal balls they might break. I find tea leaves much more efficient and you can recycle them as well.........
  • Mistermeaner
    Mistermeaner Posts: 3,024 Forumite
    Part of the Furniture 1,000 Posts
    Fools. The ideal time will be July this year because a number of factors will combine to make it so.

    If July this year isn't an option try previous years but make sure to hedge with a historical forward lock, back dated (of course!)
    Left is never right but I always am.
  • fatbeetle
    fatbeetle Posts: 570 Forumite
    Ninth Anniversary 500 Posts I've been Money Tipped!
    Mistermeaner wrote: »
    Fools. The ideal time will be July this year because a number of factors will combine to make it so.

    That is what we were thinking. The $Au has risen steadily since the date of the Brexit vote was announced.

    A penny increase on the $Au = £140 more to us, (transfer costs do not change if over $10,000)
    “If you trust in yourself, and believe in your dreams, and follow your star. . . you'll still get beaten by people who spent their time working hard and learning things and who weren't so lazy.”
This discussion has been closed.
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