Hey everyone.
This is a bit cheeky I am sure, but I am posting to get some advise regarding the UK pound and Aussie dollar markets.
I have just sold my house in Edinburgh, Scotland, and I now live in Melbourne, Australia. The money for the house sale should go into my UK bank account on the 18th of Jan.
The exchange rate between these 2 currencies has not gone in my favour over the last 5 months or so, and I am posting to get some advise if I should leave my money in the UK until the rate picks up, or just bring my money straight across now. Back in Aug/Sept time, the exchange rate was about 2.5 AUD to 1GBP. It is currently running at about 2.24, which for the money that I am bringing over is making a huge difference.
If anyone can advise whether I should transfer now or leave it for a couple of months, I would be greatly appreciative. Thank you in advance for any response or advise given.
