View Single Post
Old Nov 14, 10, 6:11 pm
Join Date: May 2006
Location: GA
Programs: VA-PLT, QF-GLD, DL-exDM, UA-ex1K, AA-exPLT, HH-DM, IHG-PLT, MR-GLD
Posts: 7,947
Originally Posted by number_6 View Post
AUD exchange rate is actually surprisingly predictable over the past 40 years, just look back at the historical rates. Quite obvious in retrospect The current outlook is to get to go up another 10% in the next 6 months, so pricing will only get worse for tourists. The tourism sector is starting to hurt, but Sydney hotels are at 90%+ occupancy despite very high rates, so it will take some time before tourism costs will drop.
May I ask how you see it being so predictable? I see predictable activity that would make me have the opposite conclusion (that it will retract, not gain against the dollar).

However if I look at the current economic conditions I suspect it might gain on the dollar.

So that doesn't seem predictable to me.

I have bought and sold AUD the last three years and made some decent returns but now have cashed out, if you have indicators it would be interesting for me.
CPMaverick is offline