Aussie dollar in freefall!
May 20th 2010, 2:09 pm
#16
Forum Regular
Joined: Mar 2009
Location: Just the other side of over there....
Posts: 166
Re: Aussie dollar in freefall!
Also just sent money over to the Oz bank account today - Ozforex - so simple!
Rate was 1.7135 when I hit confirm - been flirting around that all day since.....
Rate was 1.7135 when I hit confirm - been flirting around that all day since.....
Last edited by Griffangus; May 20th 2010 at 2:09 pm. Reason: got to love spell check....
May 20th 2010, 2:28 pm
#17
BE Enthusiast
Joined: Apr 2004
Location: Soon on our way.
Posts: 605
Re: Aussie dollar in freefall!
Just touched 1.748 on the live market .... there's hope.
May 20th 2010, 9:33 pm
#19
BE Enthusiast
Thread Starter
Joined: Apr 2008
Posts: 740
Re: Aussie dollar in freefall!
Its perhaps better to wait a while before transfering more money. With the Euro now sinking, pound has a better chance of gaining in value as people may consider it to be a relatively safer currency.
May 20th 2010, 10:01 pm
#20
BE Forum Addict
Joined: Jul 2007
Location: Brisbane
Posts: 2,949
Re: Aussie dollar in freefall!
1.75 now 
May 20th 2010, 10:46 pm
#22
BE Enthusiast
Joined: Apr 2004
Location: Soon on our way.
Posts: 605
Re: Aussie dollar in freefall!
1.7653 most recent high - that's almost 1.77!
To think I changed £1,200 at 2.09 just last summer.
Bezza
To think I changed £1,200 at 2.09 just last summer.
Bezza
May 20th 2010, 10:48 pm
#23
BE Forum Addict
Joined: Jul 2007
Location: Brisbane
Posts: 2,949
Re: Aussie dollar in freefall!
Isn't it! I set up a rate alert with Ozforex for 1.77 and I got an email to say it had been reached but when I went on it was 1.76, must've blinked and missed it! But at least it means it reached 1.77 which is only good news!
May 21st 2010, 3:22 am
#24
BE Forum Addict
Joined: Jun 2008
Location: Abu Dhabi by body and Sydney by soul
Posts: 1,841
Re: Aussie dollar in freefall!
I'm gutted! We sold our house and wanted to play the currency rate but are still waiting for the house to settle. I'm seeing the extra bedroom going up in smoke!!
May 21st 2010, 3:43 am
#25
Banned
Joined: Feb 2009
Posts: 1,855
Re: Aussie dollar in freefall!
Is it falling becasue if Rudds tax on mining companies? Is taxing the miners a smart thing to do without them the OZ economy would be just as bad as the UK.
Last edited by mohogony; May 21st 2010 at 3:54 am.
May 21st 2010, 4:35 am
#26
Proudly Deplorable
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Re: Aussie dollar in freefall!
AUD usually reacts negatively to bad global markets. I guess it did not happen recently due to the fact that the US was in such a mess.
Last edited by Amazulu; May 21st 2010 at 4:38 am.
May 21st 2010, 5:43 am
#29
Canuck/Aussie
Joined: May 2006
Location: BC, Canada
Posts: 4,547
Re: Aussie dollar in freefall!
Anyone care to wager some predictions for the next 3-6 months?
We are probably looking at exchange all of our money in August but could push that back to September or longer if needed. So I'm hoping things will stabilize somewhat in the upcoming months. Might be dreaming though!
We are probably looking at exchange all of our money in August but could push that back to September or longer if needed. So I'm hoping things will stabilize somewhat in the upcoming months. Might be dreaming though!
May 21st 2010, 7:54 am
#30
BE Forum Addict
Joined: Apr 2005
Location: Melbourne
Posts: 4,553
Re: Aussie dollar in freefall!
Anyone care to wager some predictions for the next 3-6 months?
We are probably looking at exchange all of our money in August but could push that back to September or longer if needed. So I'm hoping things will stabilize somewhat in the upcoming months. Might be dreaming though!
We are probably looking at exchange all of our money in August but could push that back to September or longer if needed. So I'm hoping things will stabilize somewhat in the upcoming months. Might be dreaming though!