What's your prediction on the Australian Dollar?

[Jacques Vert]

In Australia it was held to be closer to 6% before they recalculated the way "employed" is defined. It's now closer to 4%

When I went to school it was considered to be around 1.5% to 2%!

They were the good old days...............

 

[drsmithy]

When I went to school it was considered to be around 1.5% to 2%!

They were the good old days...............

Ah, but those were the days when full employment - when everyone who wants a job, can get one - was considered a policy objective, rather than a policy disaster.

 

[I love to travel]

Has cracked 80c again lets see whether it can hold there (apologies to the business owners need quite a bit of money for next US holiday)

 

[whatmeworry]

With the AUD now hovering around 80c, concerns the strong dollar will harm local tourism and encourage holidays overseas. Tourism was of course meant to be one of the things to save the local economy.

He added that the trend higher in the local currency will be good for people travelling to the United States, but bad for Australian tourism operators if it continues.
“Any tourist operator who was thinking of expanding must now be fearing that another run to parity is on the way which will destroy the flow for foreign tourists and send locals back to Disneyland for their holidays rather than to North Queensland or Tasmania,” he said.
The local currency has risen against the US dollar as currency traders buy on the likelihood of the US central bank holding on interest rates, political uncertainty around Donald Trump and higher commodity prices.
“The long run trend is that the Aussie dollar can move higher from here in a year’s time to $US0.82,” says St George senior economist Janu Chan.
“We expected the Aussie dollar to be at $USD0.78 by year end. We are expecting some pull back because we think the current rally has gone too far,” she said.

https://www.financy.com.au/aussie-dollar-gains-to-spur-overseas-travel/

 

[MEL_Traveller]

With the AUD now hovering around 80c, concerns the strong dollar will harm local tourism and encourage holidays overseas.

lololol!!

The change in the dollar from 75c to 80c isn't going to change my choice of destination, but it will make me happier when I'm there (overseas).

 

[JohnK]

With the AUD now hovering around 80c, concerns the strong dollar will harm local tourism and encourage holidays overseas. Tourism was of course meant to be one of the things to save the local economy.

Stop charging ridiculous airfares to Australian holiday destinations and bring the price of hotel rooms down in line with the rest of the world and people may holiday locally more often.

 

[MEL_Traveller]

Stop charging ridiculous airfares to Australian holiday destinations and bring the price of hotel rooms down in line with the rest of the world and people may holiday locally more often.

And bring down prices of food and beverages... $20++ for a coughtail which is half the strength of one you get overseas (for half the price)... hardly 'holiday' mode. $10++ for a tiny plate of food at one of those pop-up food festivals... when you could have a whole tray of fresh satay for half the price in Asia.

 

[RAM]

And bring down prices of food and beverages... $20++ for a coughtail which is half the strength of one you get overseas (for half the price)... hardly 'holiday' mode. $10++ for a tiny plate of food at one of those pop-up food festivals... when you could have a whole tray of fresh satay for half the price in Asia.

Three large meals and a litre of beer each in a central Prague restaurant cost 32 Euros in June.

When I first got the bill I thought that must have been per person

 

[marki]

Shhhhh..... please others will know now.... Berlin is the same even in expensive restaurants ( * )

 

[JohnK]

And bring down prices of food and beverages...

Between $30-$40 appears to be the expected price for a main meal in Australia. Too expensive. We don't eat out.

Oh and drink prices are over the top.

 

[Danger]

And here we have it. The latest 'expert' says 'Look out, 85 cents'.

Undaunted by RBA, bulls see Aussie rally toward US85 cents

Seriously, could you imagine a doctor saying "It could be cancer by the end of the year but it could also be an ingrown hair". Experts. Phewww.

 

[cove]

Have just had a meeting with Bell FX today. Mrscove wants pounds at 0.61.

 

[TheRealTMA]

Have just had a meeting with Bell FX today. Mrscove wants pounds at 0.61.

Be better at 0.68 in September!

 

[TheRealTMA]

Have just had a meeting with Bell FX today. Mrscove wants pounds at 0.61.

Be better at 0.68 in September!

I remember when it was about .35.

 

[cove]

Yes we bought Big in the 0.67/ 0.68 for the pound but that was before the London Olympics in 2012. It will probably go back there if Mrscove goes in at 0.61.

 

[whatmeworry]

And here we have it. The latest 'expert' says 'Look out, 85 cents'.

Undaunted by RBA, bulls see Aussie rally toward US85 cents

Seriously, could you imagine a doctor saying "It could be cancer by the end of the year but it could also be an ingrown hair". Experts. Phewww.

I predicated 0.85c for last Xmas and I stand by that predication till it comes true.

 

[VPS]

Be better at 0.68 in September!

I remember when it was about .35.

Don't we all

 

[cove]

I think we got just under 0.35 on one trip. You never forget your worst ever purchases. 0.68 on the pound was close to my top ever so far.
We are going to enjoy the $AUD as we are heading off today.

 

[cove]

I do wonder how the currency gurus are dealing with their 60 cent prediction on the $AUD.

 

[RAM]

I do wonder how the currency gurus are dealing with their 60 cent prediction on the $AUD.

Just the same way they did with $1.25 ...

Move on, nothing to see here.