Aussie Dollar continues to fall - £1 buys $1.66
#61
Re: Aussie Dollar continues to fall - £1 buys $1.66
In December 1969 I was coming back from Poland, and on the ferry from Zeebrugge to Dover I handed over a pound note for a beer and only got a handfull of silver in change. I was about to complain that I'd been short-changed by a ten bob note when it was pointed out to me that whilst I'd been away ten bob notes had been replaced by 10 shilling (now 50p) coins!
#62
BE Forum Addict
Joined: Dec 2008
Posts: 3,396
Re: Aussie Dollar continues to fall - £1 buys $1.66
#63
Re: Aussie Dollar continues to fall - £1 buys $1.66
There was this article about a month ago saying that the 2020 UK election could be an "austerity" one as well.
Basically, they need the grannies back from voting UKIP.
I'm betting that policies will be adjusted in 2014 to make that demographic happier - no matter what the money markets may think.
#64
Re: Aussie Dollar continues to fall - £1 buys $1.66
Labour have said they are against the harsh austerity measures, and with UKIP on their tail the tories are going to have to pull some sweeteners out of their pocket to avoid defeat (Lab have a 7% lead today, trending upwards).
Basically, they need the grannies back from voting UKIP.
I'm betting that policies will be adjusted in 2014 to make that demographic happier - no matter what the money markets may think.
Basically, they need the grannies back from voting UKIP.
I'm betting that policies will be adjusted in 2014 to make that demographic happier - no matter what the money markets may think.
Last edited by OzTennis; Jul 11th 2013 at 8:25 am.
#65
Re: Aussie Dollar continues to fall - £1 buys $1.66
Laobur lead in polls is actually trending downwards recently (links with Unions, Falkirk constituency fiasco, Unite, Len McCluskey/Ed Milliband etc); blue rinsers who vote UKIP in council and by-elections often revert to blue in general elections. Nevertheless both main parties will offer sweeteners on the run in to the election - and then withdraw most when they get in power. Either that or they will say they didn't realise how much of a mess they had been left by the other party the last time they were in power.
but
Billy Bunter(Cameron) v Student Grant (Milliband) - even worse!
#66
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Joined: Jan 2011
Location: The REAL Utopia.
Posts: 9,910
Re: Aussie Dollar continues to fall - £1 buys $1.66
#67
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Joined: May 2012
Location: Cayman Islands
Posts: 4,976
Re: Aussie Dollar continues to fall - £1 buys $1.66
A nice link, and it seems to define parity as $2 to the £, with this info:For the exchange of pre-decimal banknotes, the conversion to dollars is obtained by multiplying the face value by two.
For example,
a £1 banknote converts to $2;
£5 converts to $10; and
£10 converts to $20.
The only exception to this is the 10 shilling banknote, which converts to $1.
For example,
a £1 banknote converts to $2;
£5 converts to $10; and
£10 converts to $20.
The only exception to this is the 10 shilling banknote, which converts to $1.
#68
Re: Aussie Dollar continues to fall - £1 buys $1.66
The smiley at the end
(my sense of humour)
#70
Forum Regular
Joined: Nov 2005
Posts: 158
Re: Aussie Dollar continues to fall - £1 buys $1.66
What's interesting to me is that over the last couple of months the Aussie dollar has fallen against all the major currencies by almost the same extent - over 10% against the USD, GBP, Euro etc.,. It's not just a "US dollar story" as some people suggest, linked into the recent strength in the US economy:
https://exfin.com/blog-expat-issues
https://exfin.com/blog-expat-issues
#71
Re: Aussie Dollar continues to fall - £1 buys $1.66
the AUD was fundamentally overvalued to begin with, and this is the stuff the RBA and the Treasury wants to happen. in fact, the Governor is talking the AUD down!
#72
Re: Aussie Dollar continues to fall - £1 buys $1.66
$1.74 today!
Don't know if its ever going to get to $2.00.... But the drop in AU$ value has been very quick indeed...... Does anyone expect further drops before the election.... And the. What do you think will happen afterwards?
Don't know if its ever going to get to $2.00.... But the drop in AU$ value has been very quick indeed...... Does anyone expect further drops before the election.... And the. What do you think will happen afterwards?
#73
Forum Regular
Joined: Jun 2006
Posts: 200
Re: Aussie Dollar continues to fall - £1 buys $1.66
No-one knows for certain obviously, but I expect more drops over time in the AUD. I said at the start of the thread you'd be a mug to buy $A at 1.66 and it's been a good decision so far with it getting up to 1.76.
If Carneys forward guidance didn't reign in the £ vs the A$ then I'm not sure what will
If Carneys forward guidance didn't reign in the £ vs the A$ then I'm not sure what will
#74
Re: Aussie Dollar continues to fall - £1 buys $1.66
I have to change another sizeable chunk next month, to complete my house purchase...... The last lot I got $1.62..... I will be happy with$1.75... And ecstatic if I manage $1.80!!!
#75
Re: Aussie Dollar continues to fall - £1 buys $1.66
Good news indeed for those coming over.