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Australian Dollar - Worth getting some now?

  • 30-06-2013 6:15pm
    #1
    amg-slurp
    Registered Users, Registered Users 2 Posts: 141 ✭✭


    Hi all, moving to Perth in November.

    Opening my ANZ bank account now (should have it tomorrow).

    I'm not much of an expert on currencies, exchange rates or maths in general :) so looking for some advice.

    The AUD is low at min correct?

    So would now be a good time to transfer some of my euros to my oz bank account? Like 5k €uros?

    Maybe I'm really wrong or there's better ways of doing it. Any help appreciated!

    AG


Comments

  • #2
    Ozeire
    Registered Users, Registered Users 2 Posts: 575 ✭✭✭Ozeire


    Your correct unfortunately the euro is strong against the Dollar .

    I've been using currency fair http://www.currencyfair.com/ & find them very good n great rates n fees .


  • #3
    amg-slurp
    Registered Users, Registered Users 2 Posts: 141 ✭✭amg-slurp


    Ozeire wrote: »
    Your correct unfortunately the euro is strong against the Dollar .

    I've been using currency fair http://www.currencyfair.com/ & find them very good n great rates n fees .

    Looks good. €5k gets me $7100 AU.

    My only worry is something happening after I transfer money to the account, that would stop me travelling. Money is stuck in the account as I can't transfer back without entering oz and providing ID!
    Hmm, something to consider.


  • #4
    6541
    Registered Users, Registered Users 2 Posts: 1,970 ✭✭✭6541


    My two cents is I would not be in a hurry, the Aussie is about 10cent overvalued and is going to fall more. I am not an economist but that's the word on the trading forums.


  • #5
    mise_me_fein3
    Registered Users, Registered Users 2 Posts: 168 ✭✭mise_me_fein3


    6541 wrote: »
    My two cents is I would not be in a hurry, the Aussie is about 10cent overvalued and is going to fall more. I am not an economist but that's the word on the trading forums.

    It's lost a lot already in a short time. I would say it will probably stay between 70 and 73 cents for a while.


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