What's your prediction on the Australian Dollar?

[cove]

Certainly no markets have ever proven to be perfect and LIBOR has been rigged and penalties will be assessed.
When there is money involved bad things can occur.

 

[Cool Cat Phil]

The Aussie dollar has drifted down to around 0.81 against the U.S. and around 0.52 to the pound. There will be some rather large price increases on imported products over the next 3 to 6 months as importers run out of their currency hedging. A further 10% drop in our currency would really slow down international travelling.

IMHO, your bang on the money & I suspect the AUD will drop further against the USD , as painful as that sounds for Australians wishing to travel overseas, particularly flying over the Pacific Ocean.

On the bright side a few currencies are still doing ok & have remained quite strong for us Aussies over the last 12 months, ZAR & YEN comes to mind.

 

[NFF]

May be another global financial crisis is looming. Do you see aussie dollar rising to above US$0.90 again ?

 

[moa999]

I see the aud coming back short term if stock markets have a. Respite -- back to chasing our higher interest rates.. But long term continuing down

 

[clazman]

My sources are saying .75 by easter

 

[moa999]

And the other half say 0.85

 

[Deleted member 29185]

I see parity with the US$ in a fortnights time!

'cause that's when I go on holidays.........

 

[Clivem]

I see parity with the US$ in a fortnights time!

'cause that's when I go on holidays.........

I will hold you to that .........cheers.

 

[mushez]

I recon it will bottom out at $0.77 and bounce back to stabilize around $.83-.85

 

[NFF]

When is the right time to buy British Pound ?

 

[drross]

When is the right time to buy British Pound ?

sooner rather than later. and probably missed the best of it. daughter off to london tomorrow..has noticed the difference in rates over the last 6 months

 

[cove]

Having travelled to Britain with exchange rates of 0.33 and 0.68 you will like anything over 0.50 as that means 2 dollars buys a pound. The higher it is the less Aussie dollars you will burn.
My sister in law and niece are heading for London in a couple of days and it should be fun.

 

[drross]

Having travelled to Britain with exchange rates of 0.33 and 0.68 you will like anything over 0.50 as that means 2 dollars buys a pound. The higher it is the less Aussie dollars you will burn.
My sister in law and niece are heading for London in a couple of days and it should be fun.

we're already booked to see daughter there in august and stocked up on pounds and euros(on qantas cash) a few months ago..will definitely be fun

 

[codash1099]

I see parity with the US$ in a fortnights time!

'cause that's when I go on holidays.........

I tend to agree. Having just paid for my next trip to the LOTFAP, I confidently expect a significant rise in the dollar. I have come to believe that my actions are the chief determining factor in currencies, air fare and hotel pricing variations.

 

[JohnK]

I recon it will bottom out at $0.77 and bounce back to stabilize around $.83-.85

That's a horrible outcome.

Currently 1 AUD = ~26 THB which is not helping the 6 trips planned next year.

 

[cove]

It's ok JohnK it's only money and Thailand is not expensive compared with US and Europe.

 

[whatmeworry]

It's ok JohnK it's only money and Thailand is not expensive compared with US and Europe.

Don't worry JohnK once Greece leaves the Eurozone, you will have another cheap place to holiday.

 

[Cruiser Elite]

These are two directly conflicting desires.

And so are these:

1. So it's NYE and we are having a few friends around - I am hoping to down as many botts of quality Champagne as humanly possible tonight.

2. Jeez I hope I don't wake up with a hangover in the morning.

So what was your point again drsmithy?

 

[drsmithy]

So what was your point again drsmithy?

You can't have housing appreciating dramatically while remaining affordable for young (or less well off older) people.

Treating housing - a consumption good - as an "investment" is a fundamentally bad idea and one of the key reasons this country is heading towards economic catastrophe. As is the "I'm all right thanks, Jack" culture that has come out of those lucky enough to have made out like bandits from real estate.

Housing - on average - should be getting cheaper, or at worst, remain at a static cost level (and it would be were it not for artificial constraints driving up land prices). It is as absurd to cheer on rising house prices as it would be cheering on rising food or fuel prices.

 

[Cruiser Elite]

Treating housing - a consumption good - as an "investment" is a fundamentally bad idea and one of the key reasons this country is heading towards economic catastrophe.

Housing - on average - should be getting cheaper, or at worst, remain at a static cost level (and it would be were it not for artificial constraints driving up land prices).

That would be your opinion of course - I wonder how many people in this forum feel that their view that their house is probably the biggest and most secure investment they will ever make is fundamentally wrong? I think you might be in the minority there but I might be wrong of course.