Remove this Banner Ad

AUD/USD Exchange

  • Thread starter Thread starter Andyroo
  • Start date Start date
  • Tagged users Tagged users None

🥰 Love BigFooty? Join now for free.

It pays to ask.

We just asked our travel agent whether she could do better on the car hire etc for our trip.

Even with a lower $ we got 23% off the quote.

Noice.
 
Leslie_Chow said:
Confidence in China is lowering, which is having a carry on effect on the dollar. Hearing a few opinions, if Greece receives the bailout as expected, then we could possibly see the dollar hit parity again. As long as the world economy stays out of recession until January then I'll be happy :p
Click to expand...

What about after? :confused:

Oh yeh, I get ya :rolleyes:->

[youtube]Yi0RDduTQ0[/youtube]
 

Log in to remove this Banner Ad

Can see the AUD/USD hitting $1.10 real soon.

Have longed the AUD and will continue to buy more lots as (if) it passes through each resistance level.

Bring on $1.10.
 
Heading to parity.
 
Down to ~92 cents now. A 12% drop in not much time at all.

Since October 2011 the RBA's cash rate has dropped from 4.75% to 2.75%. There isn't all that much more room to move the cash rate downwards - or is there?

From my own personal perspective right now I like the dollar as high as possible but it is obvious that the high dollar has plenty of negative consequences for parts of our economy.

Will be interested to see what happens over the next few months and years and so on.
 

Remove this Banner Ad

Impossible to say where it will go, even those who work high up in the industry are normally wrong when they make big predictions.

The obvious answer is that it will continue to fall as the developing countries hunger for Iron Ore and Coal drops (Or they source cheaper options which is becoming more of a reality with rising costs in Australia). Also the American economy is picking up steam and starting to awake, the impact of that is huge.
 
For someone considering travelling to the US in the near future (within 18 months) would it be worth buying some currency now to hedge against the future rate? What would be the best way to do this? Or would it just be too much time and probably not worth it?
 
C-Dog said:
For someone considering travelling to the US in the near future (within 18 months) would it be worth buying some currency now to hedge against the future rate? What would be the best way to do this? Or would it just be too much time and probably not worth it?
Click to expand...

Commbank have travel cards available (I'm sure most banks do) you can load them up with multiple currencies now and withdraw the cash from ATM's oversees with no exchange fee (as you will be paying the exchange costs now).
 
I just used the Commbank travel card and it was a nightmare, never again.

I have 1500 in USD from just returning from there, going back in October, think I'll just hang on to it now, may even buy some more
 
Ah what was wrong with the travel card? I bought a bunch of euro and USD a few weeks back for an upcoming stay.
 

🥰 Love BigFooty? Join now for free.

Dont know why anyone would go with one of the big banks' cards. They have a 4 to 5% margin. Go with HSBC (0.8% to 1.1%) or the GEMoney 28 degrees mastercard (Forex rates 0.3 to 0.8%). Even the Australia Post travel card has better rates than the big 4 banks.
 
JuddsABlue said:
I just used the Commbank travel card and it was a nightmare, never again.

I have 1500 in USD from just returning from there, going back in October, think I'll just hang on to it now, may even buy some more
Click to expand...

You put it in a machine and take out money, not sure how that could be a nightmare. Worked fine for me.
 
LouisCK said:
Ah what was wrong with the travel card? I bought a bunch of euro and USD a few weeks back for an upcoming stay.
Click to expand...

2k cash withdrawl limit at atms and 1k at a time, you still pay $4-6 as an ATM fee plus their fee

I was in Vegas and needed cash, called them up twice and both times they insisted I should be able to get upwards of 7k per day, I told them this isnt happeneing I'm maxed out at 2, they said well its not their problem and left me hanging

Got back and walked in to a bank and the bank said "oh no its 2k max per day"

So how the travel card team tell me one thing thats obviously incorrect and I'm telling them its incorrect but they cant work it out, while someone at the teller in a branch knows the real story. It was extremely frustrating and difficult
 
JuddsABlue said:
2k cash withdrawl limit at atms and 1k at a time, you still pay $4-6 as an ATM fee plus their fee

I was in Vegas and needed cash, called them up twice and both times they insisted I should be able to get upwards of 7k per day, I told them this isnt happeneing I'm maxed out at 2, they said well its not their problem and left me hanging

Got back and walked in to a bank and the bank said "oh no its 2k max per day"

So how the travel card team tell me one thing thats obviously incorrect and I'm telling them its incorrect but they cant work it out, while someone at the teller in a branch knows the real story. It was extremely frustrating and difficult
Click to expand...

Oh yeah but all banks will have their own withdrawal limits for ATM's. I imagine the limit was for the bank, not the card - sweet FA you can do about that no matter what card you use.

I'd rather not use them at all, but I'm just wary of the AUD at the moment.
 

Remove this Banner Ad

Remove this Banner Ad

🥰 Love BigFooty? Join now for free.

Back
Top Bottom