Australian Dollar

Old Aug 2, 11, 7:51 pm
  #46  
 
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It's below $1.07 now as a result of poor retail data released today.
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Old Aug 4, 11, 6:28 pm
  #47  
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$1.04 .... next stop parity

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Old Aug 5, 11, 1:49 am
  #48  
 
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Originally Posted by im-headed-west View Post
$1.04 .... next stop parity

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.
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Old Aug 6, 11, 7:19 am
  #49  
 
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Originally Posted by mtkeller View Post
Just look at it from the perspective of Americans coming and spending more money to bolster your economy.

We´re just worried that you may not be able to pay your bills here - cash up front will be the order of the day
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Old Aug 8, 11, 6:56 pm
  #50  
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Originally Posted by im-headed-west View Post
$1.04 .... next stop parity


$1.009 .... boy the AUD is so cheap

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Old Aug 9, 11, 4:23 pm
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Originally Posted by im-headed-west View Post
$1.04 .... next stop parity

Originally Posted by im-headed-west View Post
$1.009 .... boy the AUD is so cheap

1.038

oops....
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Old Aug 14, 11, 10:10 am
  #52  
 
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It looks like its going to be in for a wild ride for sometime with everything going on in the global economy.
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Old Sep 1, 11, 12:05 am
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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.
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Old Sep 19, 11, 12:30 am
  #54  
 
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Currency Exchange

Gonna be following the rates since we will be visiting Australia in a few months :-)
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Old Sep 19, 11, 4:51 pm
  #55  
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USD has been climbing recently ... 1.01 USD seems like such a "bargain"
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Old Sep 20, 11, 3:21 pm
  #56  
 
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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
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Old Sep 22, 11, 6:10 am
  #57  
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Originally Posted by 3544quebec View Post
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
Yeah .. this is more of a case of the USD bouncing off record lows against the AUD, not a weak AUD.


Under parity for the first time in a while ... .98 AUD !
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Old May 16, 13, 9:07 am
  #58  
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USD finally gaining ground on AUD and NZD ... just in time for my Fall trip

Love to see the AUD back in low 90s and NZD back in the mid 70s !
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Old May 16, 13, 1:54 pm
  #59  
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Originally Posted by im-headed-west View Post
USD finally gaining ground on AUD and NZD ... just in time for my Fall trip

Love to see the AUD back in low 90s and NZD back in the mid 70s !
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.
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Old May 16, 13, 3:49 pm
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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.

Last edited by im-headed-west; May 16, 13 at 4:03 pm
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