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What has happened to the exchange rate !!!!

When I visited the "Down under live" in London October 2008 - They were all still reeling after the Ozzie dollar hit an exchange rate of 2.6 to the pound. Looking at the exchange rates in September 2009 we've hit 1.91.
We are planning on moving to Adelaide in December and have about 6 months from our entry date to change our money (without incurring the wraith of the Ozzie taxman).
If you trace the trend of the exchange rate over the past 5 years (http://www.oanda.com/convert/fxhistory) you can see a definite downward trend.
Although, I'm really enthusiastic about my new adventure this could easily be quite a bitter pill to swallow.

Has anyone got any thoughts about this ???

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Comment by Steve Watson on September 10, 2009 at 17:37
I'm fairly sure that the global exchange rate mechanism isn't directly connected to the movements of one individual..although stranger things have happened. If the rain clouds follow you to Oz I think I'd be more inclined to believe you.
Comment by john on September 10, 2009 at 0:36
its my fault.
we looked at canada as an option to emigrate visited twice in past 18 months decided to start application process through the simplified skilled worker visa. then the canadian dollar crashed from 2.15 to 1.77. had some news that we may have to wait upto 6 years for a visa so we decided for aus. started the visa application process 3 months ago and guess what the ozzie dollar loses confidence against gbp. so sorry everyone.

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