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1.93's A$ to the Pound!!!

1.93's A$ to the Pound!!!

Old Oct 25th 2010, 1:37 am
  #2416  
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by Stu Ward
I thought this was interesting

Sterling is on its arse even against Zim Currency
That's South African Rand not Zim Dollars.
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Old Oct 25th 2010, 1:38 am
  #2417  
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by Amazulu
Yes. This graph does not tell the whole story as it has been 20:1 to GBP in the past as well as 1.80:1 (in the early '80s).

Yes, but didn't the previous poster claim it was a graph of the GBP vs the ZIM$? Or has the ZIM$ merged with the ZAR now?


S
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Old Oct 25th 2010, 1:45 am
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by Swerv-o
Or has the ZIM$ merged with the ZAR now?


S
No.
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Old Oct 25th 2010, 1:54 am
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by Amazulu
No.

I didn't think it had, unless Uncle Bob had magically decided that the ZIM$ was now at parity with the ZAR, or something else crazy that only he could do...


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Old Oct 25th 2010, 2:22 am
  #2420  
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Default Re: 1.93's A$ to the Pound!!!

My Apologies

Serve me right for trying to be a smart arse

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Old Oct 25th 2010, 4:12 am
  #2421  
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Default Re: 1.93's A$ to the Pound!!!

I just checked XE.com and the GBP is presently worth 1.58 Australian Dollars, I think it's time for me to start planning my next trip to the UK
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Old Oct 25th 2010, 4:28 am
  #2422  
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Default Re: 1.93's A$ to the Pound!!!

This article sums it up pretty well IMO.

http://www.guardian.co.uk/commentisf...review-economy

Its a massive punt. Noone can say what might happen because its never been tried before (and neither has QE BTW). Predicted outcomes run the spectrum, from stagnation and deflation to hyperinflation.

Will be interesting to watch, if a little uncomfortable

Bit better than the US is all you can say... or potentially further back on the curve, which is truly a scary thought.
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Old Oct 25th 2010, 7:07 am
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Default Re: 1.93's A$ to the Pound!!!

http://www.telegraph.co.uk/finance/c...ding-cuts.html


Will the Barmy Army be able to afford to come over this time?
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Old Oct 25th 2010, 7:21 am
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by dfjordan
What you need to remember with the Uk stock market is that the vast majority of the major companies quoted, earn most of their profits from sources which are not in Sterling, hence when they remit those earnings to the UK, it´s great for them as they can report higher Sterling profits, hence the value of their shares in Sterling increases
I meant world markets in general (e.g. the SPY), which seem pretty well correlated at the moment. What I was saying was that (for instance) when the SPY goes up the AUD also goes up, as its a risk currency and that the reverse is also true.
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Old Oct 25th 2010, 8:51 am
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by expatasia
http://www.telegraph.co.uk/finance/c...ding-cuts.html


Will the Barmy Army be able to afford to come over this time?
Another opinion from one of the 'experts'. I reckon these cuts have to happen. Yes, it will hurt for a while but the UK will come out of it in a better economic state.

They can't just do nothing.
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Old Oct 25th 2010, 11:06 am
  #2426  
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by littda01
Bit better than the US is all you can say... or potentially further back on the curve, which is truly a scary thought.
The US Dollar makes interesting viewing, going back in time...
1925 $US 2.47 to each A$
1939 $US 2.00 to each A$
1973 $US 1.40 to each A$
1983 $US 0.94 to each A$
1986 $US 0.62 to each A$
2001 $US 0.48 to each A$
2010 $US 0.99 to each A$
 
Old Oct 25th 2010, 3:02 pm
  #2427  
 
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Default Re: 1.93's A$ to the Pound!!!

1.57 whens the pain gonna end ?
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Old Oct 25th 2010, 3:05 pm
  #2428  
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by lancastrian48
1.57 whens the pain gonna end ?
At about $1.40 I'm afraid...and the pain will lessen but not much over the next two years. The things will get back to about 2:1

At the mo, I leave my UK income there and buy from the UK on the internet. Seems the best use of pounds at the moment.

I'm about $1,000 a month worse off from when I got here.........moan
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Old Oct 25th 2010, 9:55 pm
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by lancastrian48
1.57 whens the pain gonna end ?
Nothing's for certain, and exchange rate speculation is one of the best examples of this, however, in the seeming absence of any other clear evidence or indicators on the horizon, plan for it to drop some more.

http://britishexpats.com/forum/showthread.php?t=690076

Last edited by DownUnderPaddy; Oct 25th 2010 at 10:01 pm.
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Old Oct 25th 2010, 10:13 pm
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Default Re: 1.93's A$ to the Pound!!!

Originally Posted by lancastrian48
1.57 whens the pain gonna end ?
I'd agree at $1.40. The outlook for the UK is now on recession prevention and I'm not entirely certain there are the fundamentals there to really support that and more QE is likely.

With some savage cuts made and more VAT to go on its really quite bleak.

Not good reading for those who wish to migrate.

On the upside, my UK trip next month is looking better by the moment
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