Australian Dollar
Aug 5, 2011, 1:49 am
#48
Join Date: Jul 2010
Location: SUX
Programs: BA Silver; HHonors Gold; SPG Gold; Points but dirt with everyone else
Posts: 8,050
Dang. I guess I should have waited to pay for the ticket on my Australian train journey. Was freaked out when it hit $1.10, so paid when it fell back to $1.07. Sorry, Aussies, but right now, I'm all for your dollar taking a bit of a crash vs. the US dollar. As long as it stays down there through December, at least. Just look at it from the perspective of Americans coming and spending more money to bolster your economy. 
Aug 6, 2011, 7:19 am
#49
Join Date: May 1998
Location: australia
Posts: 5,762
Sep 1, 2011, 12:05 am
#53
Join Date: Nov 2006
Location: cbr
Programs: QF WP (OWE) / LTG (LT OWS) | Hyatt Globalist
Posts: 4,972
Steady at 1.06 for most of this week, and it looks like the expected cut to the Interest Rates won't happen (if anything, they might go up!) in the coming months.
http://www.smh.com.au/business/rate-...901-1jnbb.html
Don't expect the AUD to be below parity with USD anytime soon.
http://www.smh.com.au/business/rate-...901-1jnbb.html
Don't expect the AUD to be below parity with USD anytime soon.
Sep 20, 2011, 3:21 pm
#56
Join Date: May 1998
Location: australia
Posts: 5,762
Yeah, but for life's essentials like buying First Class Oneworld RTW fares things are still pretty good - we're at what I believe is an all-time high of 7.91 against the Rand in South Africa making an already competitive place to purchase tickets even more so 
Sep 22, 2011, 6:10 am
#57
FlyerTalk Evangelist
Join Date: Feb 2004
Location: Where I'm at
Programs: UA 1P 1MM, Hyatt Globalist
Posts: 21,738
Under parity for the first time in a while ... .98 AUD !
May 16, 2013, 1:54 pm
#59
Original Member
Join Date: May 1998
Location: Portland OR Double Emerald (QF and AA), DL PM/MM, Starwood Plat
Posts: 19,589
Is that fall trip before or after the Australian federal election? That may affect the likelihood of USD parity quite significantly ... AUD exchange rate moves in response to small fluctuations in capital inflow/outflow so it is easily manipulated, and reality is that China has contracted for >10 billion AUD per month of resource purchases and that money eventually comes back to Oz, hence the climb from 0.60 AUD to over parity in the past 5 years. That underlying factor is not changing, only going up, unless China stops trading with Australia.
May 16, 2013, 3:49 pm
#60
FlyerTalk Evangelist
Join Date: Feb 2004
Location: Where I'm at
Programs: UA 1P 1MM, Hyatt Globalist
Posts: 21,738
Yeah, I'm not sure, but lots of moving parts recently ... Japan significantly cheapening the Y, US long term rates climbing, China hitting a rough patch, RBA's recent lowering of rates, etc ... and who really knows why money sloshes around the world .... but AUD and NZD have gotting cheaper and I hope it continues.
... I'm heading to that part of the world, regardless of exchange rate !, for 2.5 weeks starting mid Nov after spending a week in Bavaria ... where its gotten a lot cheaper for the USD since I was there last.
... I'm heading to that part of the world, regardless of exchange rate !, for 2.5 weeks starting mid Nov after spending a week in Bavaria ... where its gotten a lot cheaper for the USD since I was there last.
Last edited by im-headed-west; May 16, 2013 at 4:03 pm