Australian Dollar - exchange rate?!
#316
Forum Regular
Joined: Mar 2008
Posts: 299
Re: Australian Dollar - exchange rate?!
I must admit personally I wanted to speak to somebody initially, to get better understanding of the various options.
#317
BE Enthusiast
Joined: Jan 2007
Location: Perth, WA
Posts: 365
Re: Australian Dollar - exchange rate?!
thanks for that. I'll phone next time !
#318
BE Enthusiast
Joined: Nov 2004
Location: Murrumbeena, Melbourne
Posts: 380
Re: Australian Dollar - exchange rate?!
Looks like we missed the boat with the way the rates going now
#320
BE Enthusiast
Joined: Nov 2004
Location: Murrumbeena, Melbourne
Posts: 380
Re: Australian Dollar - exchange rate?!
Been there before, it's easy to make a quick decision then have regrets. Oh well at least the rates better than it was, still watching for another bounce!?
#321
Re: Australian Dollar - exchange rate?!
Yeah, just wait til you get put through to their dealing team........good salesmen (and women!!)
#322
Forum Regular
Joined: Jul 2007
Posts: 51
Re: Australian Dollar - exchange rate?!
How far back does everyone think it will fall.
I was hoping for a median on the graph at about 2.40 with it going up and down 10 cents either side of it.
I'm a bit worried now that the big jump up to 2.60 was an over reaction and it could settle a lot lower than 2.40.
Having spent the day studying the uk/aus bank reports from this months meetings and any thread on anything to do with exchange rates i reached crystal ball time.
I had thought the next turning point might be next months bank meetings and as the aus one is 2 days earlier a short window(not one to jump from) might open.
Question is who will lower their base rate the most and what effect will it have on the money markets,crystal ball time again? or shall i throw it through that window?
I was hoping for a median on the graph at about 2.40 with it going up and down 10 cents either side of it.
I'm a bit worried now that the big jump up to 2.60 was an over reaction and it could settle a lot lower than 2.40.
Having spent the day studying the uk/aus bank reports from this months meetings and any thread on anything to do with exchange rates i reached crystal ball time.
I had thought the next turning point might be next months bank meetings and as the aus one is 2 days earlier a short window(not one to jump from) might open.
Question is who will lower their base rate the most and what effect will it have on the money markets,crystal ball time again? or shall i throw it through that window?
#323
Re: Australian Dollar - exchange rate?!
Having spent the day studying the uk/aus bank reports from this months meetings and any thread on anything to do with exchange rates i reached crystal ball time.
I had thought the next turning point might be next months bank meetings and as the aus one is 2 days earlier a short window(not one to jump from) might open.
Question is who will lower their base rate the most and what effect will it have on the money markets,crystal ball time again? or shall i throw it through that window?
I had thought the next turning point might be next months bank meetings and as the aus one is 2 days earlier a short window(not one to jump from) might open.
Question is who will lower their base rate the most and what effect will it have on the money markets,crystal ball time again? or shall i throw it through that window?
Still think that in a recession, most things revert to what they once were (e.g. Iceland banking superpower? I think not.....), so my vote is higher....maybe.....then maybe not - still think the story has a long way to go....
#324
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Joined: Nov 2004
Location: Murrumbeena, Melbourne
Posts: 380
Re: Australian Dollar - exchange rate?!
http://www.theaustralian.news.com.au...018001,00.html
More rate cuts on the way but looks like may not be as quick as thought!??
But then again ...
http://www.abc.net.au/news/stories/2...ction=business
More rate cuts on the way but looks like may not be as quick as thought!??
But then again ...
http://www.abc.net.au/news/stories/2...ction=business
#325
Re: Australian Dollar - exchange rate?!
God I am glad I caught the last spike instead of making kids packed lunches!!!
BUT we still have house money to move early next year so I am still there watching and waiting and chanting the mantra.....trying to get what I can in place for the next rate cut opportunity next month...
BUT we still have house money to move early next year so I am still there watching and waiting and chanting the mantra.....trying to get what I can in place for the next rate cut opportunity next month...
#326
Forum Regular
Joined: Jun 2007
Location: Glasgow, Scotland
Posts: 216
Re: Australian Dollar - exchange rate?!
so do you think the exchange rate will go back up?
Sharon
Sharon
#328
Forum Regular
Joined: Jul 2007
Posts: 51
Re: Australian Dollar - exchange rate?!
So much seems to hinge on the next moves by the central banks.
As there seems to be no clear picture yet from any of the press reports in either uk or aus we will have to wait until early next month.
The indicators seemed to be that the uk intend to lower by either a quarter or half percent and aus half.
If aus lowers first by half will that spark the currency movement or will it occur if the uk only lower by a quarter?
The uk is in recession and aus is trying to avoid it.
It still doesn't tell me where the exchange rate is going? But at least we now have some guidelines.
As there seems to be no clear picture yet from any of the press reports in either uk or aus we will have to wait until early next month.
The indicators seemed to be that the uk intend to lower by either a quarter or half percent and aus half.
If aus lowers first by half will that spark the currency movement or will it occur if the uk only lower by a quarter?
The uk is in recession and aus is trying to avoid it.
It still doesn't tell me where the exchange rate is going? But at least we now have some guidelines.
#329
Banned
Joined: May 2007
Location: Sydney
Posts: 564
Re: Australian Dollar - exchange rate?!
I have been reading this site for about a year. During this time, the U.K. and U.S.A.'s banking systems nearly collapsed causing what we know as the 'credit crunch'. I have read so many posts from people proclaiming to know it all, stating that Aus would not suffer for various reasons and not to ever expect the exchange rate to go up to 2.5 again.
It now seems that we are indeed in a GLOBAL 'credit crunch' and we are ALL suffering. Having been in Aus last month it seems to me that it is however only just starting to bite down there.
Think this just goes to show that no-one can safely predict what will happen but if I were a gambling man, I would predict that the interest rates in Aus will fall by a greater % than in the U.K. because they are that much higher making the pound stronger.
But then again, maybe I'm just one of those people proclaiming to know it all!!
It now seems that we are indeed in a GLOBAL 'credit crunch' and we are ALL suffering. Having been in Aus last month it seems to me that it is however only just starting to bite down there.
Think this just goes to show that no-one can safely predict what will happen but if I were a gambling man, I would predict that the interest rates in Aus will fall by a greater % than in the U.K. because they are that much higher making the pound stronger.
But then again, maybe I'm just one of those people proclaiming to know it all!!
#330
Re: Australian Dollar - exchange rate?!
AUD/USD just went over the edge .. 63c,,, GBP/AUD back to 2.5