Exchange rates

One thing we need to take into account when we move, is what to do with our money.  The only reason we are still in the UK now, and haven't already moved when we set our selves the deadline of 2010, is because of my current job.  The only reason I took my current job was to save money to help fund the move. 

The chart here is taken from the currency converting website XE and shows how the value of the pound has dropped over the past 10 years from nearly 3 Australian dollars, down to its current level at around half that.  A rather depressing situation, as we will effectively 'loose' all the money I had saved these past two years by transferring it to our bank account in Australia just because of the drop in the exchange rate.

But there is hope on the horizon, over the past few days, despite the financial problems in the US, the impending collapse of the Euro and lower than expected financial growth in the UK, the value of the pound seems to be rising again.  I will never understand the economy.

Adam