What are the favourable conditions that are bring this on?
The US printing heaps of money?
Interest rates here have bottomed?
The US printing heaps of money?
Interest rates here have bottomed?
AUD/USD Exchange
- Thread starter Andyroo
- Start date
- Tagged users None
Yep. Definately the US printing money is a big one. Also Australia is seen as very safe so there'd be a lot of demand for our currency at the moment.
Got ahead of itself then. This time its the US' fault. As Jimmy said Obama has been printing money. Something I'm sure the Gov/Reserve Bank will consider if our $ gets too high.
- Banned
- #56
Should fly now given the interest rate rise, I need the aus dollar to move up strongly against the EUR as me and a couple of mates are going to europe in july. Whats the chances of it being say 70c by then?
89.154 on xe.com
The AUD last closed above 89c on the day the Olympics opened, 08/08/08.
If you want to check historical data: http://www.rba.gov.au/Statistics/HistoricalExchangeRates/index.html
The AUD last closed above 89c on the day the Olympics opened, 08/08/08.
If you want to check historical data: http://www.rba.gov.au/Statistics/HistoricalExchangeRates/index.html
As confident as I was ages ago that the AUD would hit 0.90 USD, I am equally confident that the AUD will not hit 0.70 EUR. It's hovered around 64c a few times in recent years, but it's 9 years since it was 65-66. Currently sitting on 60.5c. Almost 0.56 GBP which is incredible.
88.64
I'm heading over next weekend, so it's just about perfect timing.
Got a spare seat?
- Banned
- #65
Are you guys pretty confident it will stay up around 90 cents till the end of the year?
I owe someone $5k US that I have to pay by the end of the year
I have enough cash now in aussie dollars to pay, but it would leave me pretty broke... I want to pay as late as possible, but IIRC last year towards december the aussie dollar collapsed down to like 70cents really fast
I owe someone $5k US that I have to pay by the end of the year
I have enough cash now in aussie dollars to pay, but it would leave me pretty broke... I want to pay as late as possible, but IIRC last year towards december the aussie dollar collapsed down to like 70cents really fast
Moo
Premium Platinum
There is a chance it may ease a little ...personally I'd make the payment now.
I have a payment of 40K US being made to me Dec 10 - so I may be biased in hoping for a 1 or 2 c bounce.
- Banned
- #67
Moo, the "talk" here amongst those who profess to know is around parity to $1.05 by March 2010.
Not sure I would base my decisions on experts though
On the comment of the earlier poster re 70 cents in December 2008, I'd just note that what happened late last year is of zero relevance to this year.
Moo
Premium Platinum
Moo, the "talk" here amongst those who profess to know is around parity to $1.05 by March 2010.
Not sure I would base my decisions on experts though
On the comment of the earlier poster re 70 cents in December 2008, I'd just note that what happened late last year is of zero relevance to this year.
I agee with parity ...I'm getting paid out now because of it.
- Banned
- #69
Spot on. Using historical trends is probably the worst way of trying to predict future movements.
Definitely wait until December. The AUD will continue to rise. Don't listen to people using last years trends as a guide.
Moo
Premium Platinum
At the end of the day Frod's it is a few K and my life is too hard at the moment, selling cars and furniture in the ME
Not even sure how I would do this ...I don't get the cash until Dec 10 and as I get the cash I literally get my visa stamped and I am on a plane.
- Nov 17, 2000
- 12,447
- 23
- AFL Club
- West Coast
- Other Teams
- Post Count: 125,527
At the end of the day Frod's it is a few K and my life is too hard at the moment, selling cars and furniture in the ME
Not even sure how I would do this ...I don't get the cash until Dec 10 and as I get the cash I literally get my visa stamped and I am on a plane.
Surely you don't use a bank for forex!!!
Where in ME? I bet you use Emirates to Dubai.
yeah keep going the europe in a week need the pound to keep appreciating too
Moo
Premium Platinum
I use a local company Al Rostrami ...pretty competitive on the spot price and next to no fee.
Al Ain in the UAE.
I do fly Emirates 95% of the time, only if there is a big difference in price will I use another carrier.
If it is 1 or 2 K for the family ...I'd rather a direct flight plus Emirates provide drivers over here and that is worth a bit.
