What's your prediction on the Australian Dollar?

[Deleted member]

Heading off to Hong Kong & Japan next week - HKD$8.18.....JPY 82.74 :-|

Buy your yen here . In my experience a much better exchange rate. Also I struggled to find anyone who was not a major chain store that took credit cards especially the small restaurants

 

[Flashback]

Buy your yen here . In my experience a much better exchange rate. Also I struggled to find anyone who was not a major chain store that took credit cards especially the small restaurants

Do 7/11 and Lawsons no longer have ATMs in store? The other place you can get cash out is Citibank ATMs.

 

[moa999]

QE will push the Aussie up.

But the fall in the iron ore price has the ability to smash the resource sector - just look at Fortescue at the moment.
If iron ore falls further the resource bubble will burst big time....

then Aussie economy goes into recession, interest rates fall, dollar back to an 80-90c range.

Thats my crystal ball for the next six months.

 

[Cynicor]

ATM all the way, don't buy in AU for yen (or almost any other currency). Need the dollar to hold at least until Hilton Niseko bill me for my prepaid rate. Is taking a while.

 

[Aussie_flyer]

Do 7/11 and Lawsons no longer have ATMs in store? The other place you can get cash out is Citibank ATMs.

I think he is referring to shops and restaurants, not for cash ATM withdrawals.

And 7/11 ATM's still work... as do citibank

 

[JohnK]

QE will push the Aussie up.

Queen Elizabeth?

 

[Aussie_flyer]

Queen Elizabeth?

I doubt Her Majesty will affect it. Perhaps he means Quantitative easing - Wikipedia, the free encyclopedia

 

[Foreigner]

I doubt Her Majesty will affect it. Perhaps he means Quantitative easing - Wikipedia, the free encyclopedia

Aah, another acronym.

 

[cove]

QE3 is let's print more money and keep interest rates in the US so low that the US dollar goes down in value. They are saying no upward move in interest rates in America until maybe 2015 as they want to create jobs.
Then we have Glenn Stevens watching over Australian businesses and sitting on his hands. This interest rate difference is driving our dollar up.

 

[Paddy55]

Don't know if $A is going up or down, but it's bloody good at the moment.
Prepaid as much as I can for our trips to North America @ Xmas, and Europe next June

 

[whatmeworry]

Looks like the Aussie dollar might get official currency status by the IMF,

Aussie dollar set to join the big league

 

[Supersonic Swinger]

Then we have Glenn Stevens watching over Australian businesses and sitting on his hands. This interest rate difference is driving our dollar up.

Are you saying that he should be lowering interest rates to weaken the dollar? Penalising anyone like pensioners living off fixed income, or people who have saved their money rather than borrowing into the government fueled house price bubble? Much like has already happened in the US, Europe and Japan, with all the distrortions that creates to the economy?

Let it not be said that we operate in a "free market" when the price of the fuel in that market (the interest rate on money) is set by a bunch of central bank mandarins. Former communist leaders from the USSR must be laughing at the irony of the Fed, ECB, JCB, RBA etc setting the price of money by committee while everyone runs around thinking they are in a free market.

 

[cove]

Lower interest rates stimulate the economy and would help taxpayers and businesses get into a stronger position than they are in right now. If we are lucky we may get a further quarter or half a percent reduction in the next 6 months and hopefully this will start to push the Aussie dollar back to a more realistic level so Australian manufacturers don't all leave our shores or just put up the shutters.
A strong economy would finally help all Australians and that includes pensioners and those who are partially employed.
Getting the Aussie dollar back to 80 to 90 cents against the US dollar sure is taking time.

 

[JohnK]

I am quite happy where the AUD is right now but a little stronger would be nice.

Have 5 trips planned to thailand next year, actually 6 if you count the one at the end of this year, and the 32 THB/AUD is looking quite good. Just wish I had a lazy AUD10,000-20,000 sitting around doing nothing but we can't be too greedy.

 

[jetlagger]

I am quite happy where the AUD is right now but a little stronger would be nice.

Have 5 trips planned to thailand next year, actually 6 if you count the one at the end of this year, and the 32 THB/AUD is looking quite good. Just wish I had a lazy AUD10,000-20,000 sitting around doing nothing but we can't be too greedy.

The world airlines serving the Australian origin passenger market are rubbing their hands in glee with this news..

 

[JohnK]

The world airlines serving the Australian origin passenger market are rubbing their hands in glee with this news..

For airfares? They are not getting too much help from me as my airfares are purchased ex-TPE, ex-HKG, ex-BKK, ex-MNL, ex-SIN. Anywhere other than ex-Australia....

 

[Flashback]

For airfares? They are not getting too much help from me as my airfares are purchased ex-TPE, ex-HKG, ex-BKK, ex-MNL, ex-SIN. Anywhere other than ex-Australia....

I would say jetlagger is more so referring to the fact that more Aussies are going overseas because it's so cheap....

 

[jetlagger]

For airfares? They are not getting too much help from me as my airfares are purchased ex-TPE, ex-HKG, ex-BKK, ex-MNL, ex-SIN. Anywhere other than ex-Australia....

Very wise.. Such disparities evidently exist at an increasing level.

 

[jetlagger]

I would say jetlagger is more so referring to the fact that more Aussies are going overseas because it's so cheap....

A mere assumption - Surely be on guard for copious amounts of 'Shazzas & Dazzas" heading your way.. :mrgreen:

 

[Flashback]

A mere assumption - Surely be on guard for copious amounts of 'Shazzas & Dazzas" heading your way.. :mrgreen:

Isn't Europe too refined for the Shazzas and Dazzas? Plus, JQ and TT don't fly here :mrgreen: