1.93's A$ to the Pound!!!
Jan 5th 2010, 10:08 pm
#1036
Frequent Flyer Member
Joined: Jun 2007
Location: Melbourne
Posts: 10,994
Jan 5th 2010, 10:11 pm
#1037
has lost The Game
Joined: Apr 2005
Location: Chippendale, Sydney
Posts: 8,735
Jan 5th 2010, 10:13 pm
#1038
Forum Regular
Joined: Jun 2007
Posts: 185
Re: 1.93's A$ to the Pound!!!
I'm signed into my account, got a quote and it's coming up at 1.58. That's Oz dollars not US. It keeps jumping around.
Jan 7th 2010, 3:53 am
#1039
Account Open
Joined: Jan 2005
Location: Brisbane
Posts: 4,298
Re: 1.93's A$ to the Pound!!!
Spot rate at the moment is 1.7356. Will the pound keep moving downwards v the AUD ? Surely not.
Can anyone remember it ever being this low?
edit - just checked the RBA website, GBP/AUD hasn't reached this level for nearly 25yrs.
Can anyone remember it ever being this low?
edit - just checked the RBA website, GBP/AUD hasn't reached this level for nearly 25yrs.
Last edited by asprilla; Jan 7th 2010 at 3:59 am.
Jan 7th 2010, 4:12 am
#1040
BE Forum Addict
Joined: Dec 2006
Location: Mt Martha, Melbourne
Posts: 1,199
Re: 1.93's A$ to the Pound!!!
Jan 7th 2010, 4:44 am
#1041
Lost in BE Cyberspace
Joined: Feb 2005
Posts: 15,526
Re: 1.93's A$ to the Pound!!!
Hmmm I think I will buy that book from the Book repository right now...
Jan 7th 2010, 6:56 am
#1042
Melbourne - NE suburbs
Joined: Jun 2008
Posts: 1,032
Re: 1.93's A$ to the Pound!!!
why not ? it is a simple mechanism in fairness. uk economy continues to weaken in relation to an increasingly strengthening oz economy. result : gbp buys you less and less aussie bucks. no different to trading on the stock market. cycles happen. things go down as well as up. it is really that simple no matter how much those among us may want to over analyse it !
Jan 7th 2010, 7:15 am
#1043
Lost in BE Cyberspace
Joined: Feb 2005
Posts: 15,526
Re: 1.93's A$ to the Pound!!!
why not ? it is a simple mechanism in fairness. uk economy continues to weaken in relation to an increasingly strengthening oz economy. result : gbp buys you less and less aussie bucks. no different to trading on the stock market. cycles happen. things go down as well as up. it is really that simple no matter how much those among us may want to over analyse it !
Or.... what did Aus do right pre 1985 ?
Anyone know the average over the years the currencies have been measured against one another ?
Jan 7th 2010, 8:09 am
#1044
(It's not my real name)
Joined: Sep 2002
Location: Ilukapool. WA
Posts: 12,467
Re: 1.93's A$ to the Pound!!!
why not ? it is a simple mechanism in fairness. uk economy continues to weaken in relation to an increasingly strengthening oz economy. result : gbp buys you less and less aussie bucks. no different to trading on the stock market. cycles happen. things go down as well as up. it is really that simple no matter how much those among us may want to over analyse it !
Jan 7th 2010, 8:54 pm
#1045
poole ,dorset . love it
Joined: Mar 2007
Posts: 1,281
Re: 1.93's A$ to the Pound!!!
be a $1.50 to the pound by july . great for them returning 
Jan 7th 2010, 10:15 pm
#1046
Account Open
Joined: Jan 2005
Location: Brisbane
Posts: 4,298
Re: 1.93's A$ to the Pound!!!
why not ? it is a simple mechanism in fairness. uk economy continues to weaken in relation to an increasingly strengthening oz economy. result : gbp buys you less and less aussie bucks. no different to trading on the stock market. cycles happen. things go down as well as up. it is really that simple no matter how much those among us may want to over analyse it !
In reality, exchange rate movements are extremely complex. The strength of the underlying economy is an important factor, but not the only one. Same story with shares.
If only it was as simple as you suggest...
Jan 7th 2010, 11:26 pm
#1050
BE Enthusiast
Joined: Jul 2009
Location: Sydney
Posts: 313
Re: 1.93's A$ to the Pound!!!
The poor exchange rate is more to do with the Australian Dollar than Sterling.
The Australian Dollar is almost equal to one US Dollar now and typically the £/US$ excahnge rate has always been about 1.60ish. Only a year or so ago did it temporarily hit the carzy heights of £1 = US$2.
The Australian Dollar is almost equal to one US Dollar now and typically the £/US$ excahnge rate has always been about 1.60ish. Only a year or so ago did it temporarily hit the carzy heights of £1 = US$2.
