What's your prediction on the Australian Dollar?

[I love to travel]

Dollar down over 2% today

 

[SydneySwan]

Dollar down over 2% today

Falling through the floor this evening - under 62 US cents, 56 Eurocents, 47.5p and 90 yen.

 

[SYD]

Falling through the floor this evening - under 62 US cents, 56 Eurocents, 47.5p and 90 yen.

VA2.0 quickly looking for extra QR wetleases!

 

[dajop]

Seems to be in freefall. But the winner so far is the CHF… it's gone up 1.7% against the USD and 5% against the AUD ...

 

[Tiki]

Down to 60.2 US cents

 

[snabbu]

Looks like it fell below 60 US cents for a moment yesterday

 

[SydneySwan]

Even the weakish pound went up 3% v AUD yesterday and the UK economy is in much worse state than Australia.

 

[Saab34]

Oil is falling through the floor also. Airlines will be lucky in that any traffic issues on some routes will likely be offset by record low fuel pricing.

 

[I love to travel]

Has this been the greatest 1 day drop ever? Never seen a 3 cent drop.

 

[markis10]

Has this been the greatest 1 day drop ever? Never seen a 3 cent drop.

Oct 2008 saw a number of days where it dropped 7-8% or 5c from 0.67 open to 0.62

 

[clifford]

Even the weakish pound went up 3% v AUD yesterday and the UK economy is in much worse state than Australia.

Not that it's all that relevant. It's more sentiment driven. However I did take the opportunity to convert some GBP to AUD this morning, but I expect that the Aussie will fall a little further in the short term (but who knows?).

 

[drron]

Being in Boston the day Keating devalued the $A by 10% I can assure you that in the past the $A has lost more than 3cents in a day.

Now I am happy to see the $A drop as for overseas cash spending we have enough USD to last a few more years of travel.

 

[OZDUCK]

We were in the UK when Fraser devalued the $A by 17.5% in 1976 so a 10% devaluation is a mere trifle In fact it worked out well for us as we had bought a car in the UK in early 1976 and when we sold it in 1977 and transferred the proceeds and some other funds back into $A we actually made a profit on 9 months use of a car - despite a lower sale price.

 

[kpc]

Withdrew €1000 from ATM a few days ago at just over 0.58 which I thought was bad...today it is 0.55! Still got another 9 days in Europe.

 

[JohnK]

THB20.98! We're heading there tomorrow. Who'd have thought.

P.S. It was ~THB23 in 2003 when I first went to Thailand for work. Never thought I'd see it that low again but THB23 is looking really good now.

AUD parity with the THB would be a good thing. We'd sell everything and bring back ~10 million, maybe more.

 

[wandering_fred]

...
AUD parity with the THB would be a good thing. We'd sell everything and bring back ~10 million, maybe more.

Be careful what you ask for?
Be careful wandering
Fred

 

[JohnK]

Be careful what you ask for?
Be careful wandering
Fred

Why? 10 million baht will convert to 10 million AUD.