Moving my savings from Australia back to UK. Forex help!

[AdviceHunter]

Looking for some quick financial advice, related to foreign exchange:

I have accrued around $100,000 savings in Australia, working over the past three years. I intend to, and always have intended to return to the UK. Unfortunately I have let the money accrue here and have never transferred any back to UK as I have earned it. I fear that I have missed out on the best rates now.

The AUD:GBP rate has plummeted over the past two years and I hoped it would ‘come good’ again. Australia Reserve Bank (and others) has just stated that despite recent decreases, the Australian dollar still remains over-valued. To what extent, I’m not sure.

I don’t ‘need’ the money now as such. Although would expect to invest in UK property in the next 18 months or so. Do I ‘take the hit’ now or expect it to reduce further and hope for a recovery?

Help! Any general rules of thumb? Sorry, I’m out of my depth with this!

[Lardydah]

General advice would usually be, especially seeing as you don't need the cash immediately, to exchange it in 3-4 different chunks over a period of time. This way you won't be exposed to a single rate and the overall rate you get would be 'smoothed' over the time period. Obviously you'd need to take into account any transfer fees or commissions, but with a sum that large I think it would make sense.

As for what direction the rate will actually go in, who knows?!

[ILOVEWATCHES]

I was in similar position to you last year and i thought the rate then was bad considering how it was in 2012
When you decide to wire the money i used a crowd called hifx
very good imo