I’m an American university student who is interested in studying abroad a year from now (early 2008) in either London, England or Sydney, Australia. I know it is constantly changing, but I am wondering about the exchange rate between the US and those two countries. I know that the US$ to £ is not favorable for Americans at the moment (both because it cuts the literal amount essentially in half and because things tend to be more expensive in the UK), but I’m not as familiar with US$ to Australian$ exchange. Yahoo! Currency Converter says that US$1 is (at the moment) Australian$1.23, but I have no sense of whether or not things are more expensive in Australia, which would sort of cancel out the higher literal number of Australian$. I’m not sure if that makes any sense, but basically I am wondering if I would have more money/purchasing power exchanging US$ into £ or Australian $. Does anyone know? Thanks!

The conversion rate is better for Australia.
But lets look at it this way, the money that you spend or don’t spend will affect you while you are there and maybe a little while after you get back.
But the experience you have will affect your life in many ways.
Choose the place that will give you the best experience.
Consider the size/location of the school, the relevancy to your degree, the reputation of the university, where you will live in relation to the campus, the public transport, and outside interests. Write a new question to get the low down on each school from the Brits and the Aussies. Good luck.

Is it at the time of booking, also can anyone give me any websites I can use to keep a check on the rate, I’ve decided to wait a little while because I’ve been checking the exchange rate on google currency converter and I would have got a better deal last week !
Thanks

I found a website of US currency exchanges. http://www.whatisforextrading.com Try visiting one of them to see if they have a service representative that can assist you.

http://www.forexandcurrenciesexplained.com – learn where to find the yen exchange rate with our free currency converter.

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