What's your prediction on the Australian Dollar?

[Cruiser Elite]

We are heading back there pronto - or not

15/06/2011

 

[I love to travel]

View attachment 430895
We are heading back there pronto - or not

15/06/2011

Unfortunately I think it is " or not'. We travellers can dream though

 

[clifford]

Unfortunately I think it is " or not'. We travellers can dream though

What does POTUS have to say about it.

 

[I love to travel]

What does The Donald have to say about it.

Hates that the US dollar is high but policy decisions are driving it higher this far.

 

[SydneySwan]

Unfortunately I think it is " or not'. We travellers can dream though

Travellers might dream but it would have a huge negative impact on super returns.

Post automatically merged: Feb 9, 2025

What does The Donald have to say about it.

Who cares?

 

[cove]

We spent about 40 years trying to figure out the $AUD against the $USD and it just gets down to buyers and sellers.
The $AUD should range between 0.59 and 0.66 this year. China having their economy slump has not helped the $AUD and their recovery will take some time. Sales of diamonds in China are down 50% and sales of luxury items are down a lot as consumers adjust to tougher times.

 

[Happy Trails]

View attachment 430895
We are heading back there pronto - or not

15/06/2011

Maybe not a prediction, but it's my predilection.

 

[SydneySwan]

POTUS spouting off about new tariffs on steel and aluminum and 'reciprocal' tariffs so probably another hard hat day on the markets today.

 

[Balad2005]

And I am flying out Anzac Day and then again in early July!

Seriously though I wish I could prepay most of my trip but it is not possible. I will be looking to see if any Thai bank will let me open an account where I can dump a whole lot of AUD into it for future trips when the AUD is strong.

I noticed the USD $1.044 recently at the foreign exchanges and I probably should have hedged at that rate but for the short term I am prepared to risk that the AUD is going to remain strong....

Sitting on 1.0373 as I write.

I'd like it as low as possible...the quicker the better.

You must be a wine exporter

 

[RSD]

You must be a wine exporter

The posts you quoted - those were the days!

 

[burmans]

Read an interesting article yesterday which I think may be correct. Basically the premise was that the US under its current president can’t be trusted and all agreements we thought were solid aren’t worth the paper they are written on.

As a consequence of this and no doubt just the unpredictability currently, the USD is losing its appeal as a safe haven and professional investors are already moving to other options. Gold is an obvious alternative but JPY was also suggested. Frankly it doesn’t really matter what the alternative is, if the USD loses its appeal as the world’s currency it would sink against most other currencies!

In our case the AUD certainly seems to have reversed its recent downward trend.

 

[SYD]

In our case the AUD certainly seems to have reversed its recent downward trend.

The GBP and EUR that….

 

[JohnK]

In our case the AUD certainly seems to have reversed its recent downward trend.

For how long?

AUD to THB is 21.21 at the moment. That's down from the highs of 33 back when AUD was strong. And could be back under 20 soon.

Very sad.

 

[Buzzard]

For how long?

AUD to THB is 21.21 at the moment. That's down from the highs of 33 back when AUD was strong. And could be back under 20 soon.

Very sad.

I know some very happy Thai's so it's not sad for everyone.

 

[JohnK]

I know some very happy Thai's so it's not sad for everyone.

Surely only the ones shifting money overseas like the ones at the top?

Apart from that the locals are struggling. My wife's sister in law earning 350 baht/day for 8 hours work.

 

[Cruiser Elite]

Surely only the ones shifting money overseas like the ones at the top?

Apart from that the locals are struggling. My wife's sister in law earning 350 baht/day for 8 hours work.

Jeez Johnny just look at every country in the world - spiralling cost of living pressures are affecting the ‘have nots’ all around the globe and Australia included - the gap between top and bottom continues to widen in every country

 

[JohnK]

Jeez Johnny just look at every country in the world - spiralling cost of living pressures are affecting the ‘have nots’ all around the globe and Australia included - the gap between top and bottom continues to widen in every country

True and we're struggling in Australia so we had to let foreign nationals purchase property so that rents increase exponentially and then property prices increase out of reach of locals kids born and growing up here.

You know what does my head in? Property built in Australia and only sold in Shanghai and Hong Kong. Sheer stupidity. And while we're at it sell all our farms too so they can send the good produce overseas.

But Im now going way off topic. The wrong people are in control.

 

[RAM]

True and we're struggling in Australia so we had to let foreign nationals purchase property so that rents increase exponentially and then property prices increase out of reach of locals kids born and growing up here.

You know what does my head in? Property built in Australia and only sold in Shanghai and Hong Kong. Sheer stupidity. And while we're at it sell all our fares too so they can send the good produce overseas.

But Im now going way off topic. The wrong people are in control.

I'll see you on that and raise you;

Guess who is the 100% owner of large property developer "Greenland Australia"? There's been some 'change' in the 'shareholders' once some of us raised a little issue about Shanghai City Council owning 100%...

Try finding the CCP disclosure on their web site (last checked it a couple of years ago but suspect no change).