What's your prediction on the Australian Dollar?

While I was away in the US working the office did a 0.70 contract. If the currency is above that price we are obligated to get 3 times the amount we have booked.
 
I need a crystal ball, but really who needs it when Qantas Cash is here to lock in contracts and tell you to do it now thanks Mel_Traveller your advice is brilliant.
 
It dropped frpm 21.80THB to 21.60 during my time in Bangkok. Rates from SuperRich MBK.

Other places had very bad exchange rates.
 
If the RBA reduces IRs on Tuesday as expected, the short term move in the AUD is likely to be down.
 
I was thinking a 0.25% cut is priced in but not 0.50%. We have taken cover already as using $1.50 AUD to buy one USD would really hurt. Probably priced in but overseas will push our currency.
 
sjk said:
If it’s ‘as expected’ then it should already have been largely priced in.
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Definitely agree, but there are uncertanties around the quantum of any potential move in IRs and the gold price jumped in the past 2 days, adding more uncertainty around the USD. My comment was largely a counter argument to some suggestions that the AUD was on the way up.
 
marki said:
I need a crystal ball, but really who needs it when Qantas Cash is here to lock in contracts and tell you to do it now thanks Mel_Traveller your advice is brilliant.
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Currently showing a rate of USD0.67 to the AUD. It's possible to buy cash for better, which also locks in the rate.
 
Reality sank in and the $AUD is now 0.6870. We took cover so all our contracts are favourable. Prices are going to be awful at shops this Christmas if there is a continued devaluation.
 
cove said:
Reality sank in and the $AUD is now 0.6870. We took cover so all our contracts are favourable. Prices are going to be awful at shops this Christmas if there is a continued devaluation.
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Retailers keep telling us that, but in reality prices seem to be cheaper than ever before? And when you look at the ‘australia tax’ there seems to still be huge margins on things like electricals which could more than compensate for the falling dollar.
 
MEL_Traveller said:
Retailers keep telling us that, but in reality prices seem to be cheaper than ever before? And when you look at the ‘australia tax’ there seems to still be huge margins on things like electricals which could more than compensate for the falling dollar.
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Ebay from international sellers even with the GST being now added still offers economic benefits for many purchases highlighting the lack of productivity/employment value within Australia. Will Australia become a country of coffee shops and restaurants?
The US$ cross rates are still "all over the place". The political issues in Hong Kong will be more unsettling in the long term than the confrontations in the Gulf of Oman...

Happy to be in a quiet corner of a regional area and at the moment not wandering
Fred
 
Hvr said:
It dropped frpm 21.80THB to 21.60 during my time in Bangkok. Rates from SuperRich MBK.

Other places had very bad exchange rates.
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Haven't yet got to a SuperRich place so haven't changed anything as best rate so far 20.98.
 

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