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AUD vs GBP - When to exchange

Travel Forums Australia / New Zealand & The Pacific AUD vs GBP - When to exchange

1. Posted by NewLife (Budding Member 23 posts) 7y

All,

I'm off too Australia in Feb next year and looking at the exchange rate I'm unsure what I should do as the pound is very weak against the dollar. Originally I planned to transfer my money into an Australia account on arrival but looking at it now I'm thinking perhaps I should leave it in the UK and withdraw amounts when I needed it. Then if it recovers transfer at that point.

Anyone got any thoughts on this?

One last question..... Why is it that camper van's on trading post are so expensive? They seem to be 8K+ s for a pile of crap? I haven't been able to find a decent place to get good camper (post 1986) as yet. What sort of figure should I be expecting to pay for one?

Hope you can help,

Dave

2. Posted by kevandshan (Full Member 142 posts) 7y

Hi,
I don't see the pound getting any better any time soon. The Australian economy is so strong that they are facing interest rate rises in the coming months. The U.K's money troubles however, appear to be getting worse.

It is hard to say when the best time to convert is...but there are so many factors (ie exchange rate/ commissions etc)

Keep an eye on it around end October/ November. I would be tempted to just leave it in your UK account and use an ATM when and as you need it. The commissions are fair.

As for campers, try ebay, carpoint.com.au.

Good luck

3. Posted by mojorob (Moderator 1047 posts) 7y

Also with campervans - 2nd hand cars in Australia are expensive compared to 2nd hand cars in the UK.

4. Posted by NewLife (Budding Member 23 posts) 7y

Quoting kevandshan

The Australian economy is so strong that they are facing interest rate rises in the coming months. The U.K's money troubles however, appear to be getting worse.

At this rate it will make more sense to buy the camper van in the UK and ship it out there!