What's your prediction on the Australian Dollar?

[drron]

The US isn't going to default.This is the 18th shutdown since 1976.The longest was 21 days in 1996.This one has a long way to go to beat that.

Problem is the US is just going to pay for it's increasing debt by printing money.Eventually that places pressure on the rest of the world.When a crisis comes the money will flow back to the US as a place of "safety".I expect then the Aussie will test 60 cents.May be a way off though.

 

[marki]

The US isn't going to default.This is the 18th shutdown since 1976.The longest was 21 days in 1996.This one has a long way to go to beat that.

Problem is the US is just going to pay for it's increasing debt by printing money.Eventually that places pressure on the rest of the world.When a crisis comes the money will flow back to the US as a place of "safety".I expect then the Aussie will test 60 cents.May be a way off though.

Agree with this although not sure that we will ever test 60 cents again.
In the short term my crystal ball points ....... Can't see .... Hazy

 

[JohnK]

AUD help up quite well while I was overseas.

Mid-market rate appears to be ~29.6THB and I was getting between 29.05THB and 29.3THB at the cash exchanges. There must be some real good competition in currency exchange in Thailand with more and more exchanges opening regularly.

Do not use the cash exchanges at BKK airport unless you are really desperate as these were down to ~27.8THB and the biggest gap in the exchange rate I have seen.

Also have to laugh at the no commission, no charge at exchanges in airports. KUL airport the AUD was buying 2.8MYR and sold for 3.2MYR. The spread there is a joke and clearly has a high commission/charge attached.

 

[jetlagger]

AUD help up quite well while I was overseas.

Mid-market rate appears to be ~29.6THB and I was getting between 29.05THB and 29.3THB at the cash exchanges. There must be some real good competition in currency exchange in Thailand with more and more exchanges opening regularly.

Do not use the cash exchanges at BKK airport unless you are really desperate as these were down to ~27.8THB and the biggest gap in the exchange rate I have seen.

Also have to laugh at the no commission, no charge at exchanges in airports. KUL airport the AUD was buying 2.8MYR and sold for 3.2MYR. The spread there is a joke and clearly has a high commission/charge attached.

How about Travelex?
Their rates are an absolute joke..

 

[sumthinfornuthin]

How about Travelex?
Their rates are an absolute joke..

Shucks they have to eat too !!!!!!! ( obviously Caviar & Moet )......I agree 100% I got ripped off at Sydney by not looking properly at the rate...never again

 

[Mrmaxwell]

Travelex have no competition at the airport especially airside so they can charge what they want. I see so many people getting their holiday money at Travelex airside they would be making a killing.

Off to Hawaii in two days with my Citibank Visa debit and $2k US cash purchased in May at parity

 

[Danger]

Travelex have no competition at the airport especially airside so they can charge what they want. I see so many people getting their holiday money at Travelex airside they would be making a killing.

Off to Hawaii in two days with my Citibank Visa debit and $2k US cash purchased in May at parity

Travelex and Australian Duty Free - a sour way to start your international journey.

 

[JohnK]

Travelex have no competition at the airport especially airside so they can charge what they want. I see so many people getting their holiday money at Travelex airside they would be making a killing.

People in general have no clue which is how these companies survive.

I witnessed a lady hand over AUD500 at a BNE Queen St mall currency exchange for THB at ~26-27 when at the time the going rate in Thailand was ~THB30-31. Even the exchanges at BKK airport would have given a much better rate.

Do some research before throwing away money like that....

 

[JohnK]

Travelex and Australian Duty Free - a sour way to start your international journey.

Here is one I never thought I would see.

2 x Jack Daniels 1L bottles in Australia are $74.

Roughly the same price in SIN, KUL and BKK.

 

[Awesom Andy]

Here is one I never thought I would see.

2 x Jack Daniels 1L bottles in Australia are $74.

Roughly the same price in SIN, KUL and BKK.

Jack Daniels 1L is $38SGD in SIN, which makes it around $32 AUD, depending on exchange rates, so you save $10 AUD buying 2 bottles in SIN instead.

Also, it's $240HKD in HKG, so slightly more expensive than SIN but still reasonable if you have HKD (or a HKD-based credit card). Can't remember what it was in TPE, but the price is similar to SIN/HKG.

 

[cove]

Picked up some US at .9526 so that should put a floor under our currency!

 

[jetlagger]

Picked up some US at .9526 so that should put a floor under our currency!

Nice work.. Cash rate? where did you derive that from?

 

[cove]

Bell foreign exchange.

 

[jetlagger]

Bell foreign exchange.

Evidently Big Ben rates..

 

[drsmithy]

Picked up some US at .9526 so that should put a floor under our currency!

Indeed. Republican brinksmanship is doing wonders for the dollar. Might transfer some AUD over to my USD account before it turns back down again.

 

[whatmeworry]

Seems the US debt concerns makes us look attractive to Asian Investors.

"The biggest supporting factor for the Aussie in Asia is this ongoing rolling concern about the debt situation in the US," Westpac chief currency strategist Robert Rennie said.
"It harms the status of the US dollar in Asia and from my point of view makes the Aussie dollar more attractive."

Read more: Dollar hits four-month high as rate cut hopes fade
​

 

[whatmeworry]

The Aussie keeps rising!
Aussie surges after US debt drama

 

[Flashback]

The Aussie keeps rising!
Aussie surges after US debt drama

Indeed, GBP almost got up to .60

 

[jetlagger]

The Aussie keeps rising!
Aussie surges after US debt drama

I'm delighted about that - At least for the interim.

 

[blackcat20]

Looking good for my next trip, and for the wholesale prices I pay for my business