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AUD$ to Euro€

  • 12-09-2013 11:12am
    #1
    Registered Users, Registered Users 2 Posts: 7,816 ✭✭✭


    Relatives just managed to sell their house in Perth for 1 million dollars. Had they managed to sell it this time last year I believe the exchange rate was more favourable. The current exchange rate is about €690,000. What's the forecast for the AUD. ie should they wait to transfer the money over here?


Comments

  • Registered Users, Registered Users 2 Posts: 5,301 ✭✭✭gordongekko


    Calibos wrote: »
    Relatives just managed to sell their house in Perth for 1 million dollars. Had they managed to sell it this time last year I believe the exchange rate was more favourable. The current exchange rate is about €690,000. What's the forecast for the AUD. ie should they wait to transfer the money over here?

    ah Jesus for that amount of money don't take advice off the internet.

    The question you're asking is how will the Australian economy perform in the future. So to answer your question I have no idea.

    Maybe they could move 50000 every month at least then they won't be at a big loss either way. Try ringing the FX desks in aib or boi and ask them for advise and hagglewith them.

    Also be aware of the government deposit guarantee of €100k per bank once they do move the money back here.


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