Go Back  British Expats > Living & Moving Abroad > Australia
Reload this Page >

Aussie Dollar continues to fall - £1 buys $1.66

Aussie Dollar continues to fall - £1 buys $1.66

Old Jul 9th 2013, 8:03 am
  #61  
Almost more Oz than Pom
 
KJCherokee's Avatar
 
Joined: Aug 2010
Location: Brisbane northern suburbs
Posts: 1,154
KJCherokee has a reputation beyond reputeKJCherokee has a reputation beyond reputeKJCherokee has a reputation beyond reputeKJCherokee has a reputation beyond reputeKJCherokee has a reputation beyond reputeKJCherokee has a reputation beyond reputeKJCherokee has a reputation beyond reputeKJCherokee has a reputation beyond reputeKJCherokee has a reputation beyond reputeKJCherokee has a reputation beyond reputeKJCherokee has a reputation beyond repute
Default 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that I'd been short-changed by a ten bob note when it was pointed out to me that whilst I'd been away ten bob notes had been replaced by 10 shilling (now 50p) coins!
KJCherokee is offline  
Old Jul 9th 2013, 2:39 pm
  #62  
BE Forum Addict
 
Joined: Dec 2008
Posts: 3,396
roaringmouse has a reputation beyond reputeroaringmouse has a reputation beyond reputeroaringmouse has a reputation beyond reputeroaringmouse has a reputation beyond reputeroaringmouse has a reputation beyond reputeroaringmouse has a reputation beyond reputeroaringmouse has a reputation beyond reputeroaringmouse has a reputation beyond reputeroaringmouse has a reputation beyond reputeroaringmouse has a reputation beyond reputeroaringmouse has a reputation beyond repute
Default Re: Aussie Dollar continues to fall - £1 buys $1.66

Originally Posted by GarryP
The other way of looking at that is that the UK won't recover till past the election, which would be not good news for tory reelection prospects. Expect some 'views' on that from the Treasury.
There was this article about a month ago saying that the 2020 UK election could be an "austerity" one as well.
roaringmouse is offline  
Old Jul 10th 2013, 12:45 am
  #63  
snɐןɔ ʎʇıuɐs
 
GarryP's Avatar
 
Joined: Nov 2006
Posts: 6,558
GarryP has a reputation beyond reputeGarryP has a reputation beyond reputeGarryP has a reputation beyond reputeGarryP has a reputation beyond reputeGarryP has a reputation beyond reputeGarryP has a reputation beyond reputeGarryP has a reputation beyond reputeGarryP has a reputation beyond reputeGarryP has a reputation beyond reputeGarryP has a reputation beyond reputeGarryP has a reputation beyond repute
Default Re: Aussie Dollar continues to fall - £1 buys $1.66

Originally Posted by roaringmouse
There was this article about a month ago saying that the 2020 UK election could be an "austerity" one as well.
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.
GarryP is offline  
Old Jul 11th 2013, 7:46 am
  #64  
Lost in BE Cyberspace
 
OzTennis's Avatar
 
Joined: Nov 2003
Location: Scotland
Posts: 7,949
OzTennis has a reputation beyond reputeOzTennis has a reputation beyond reputeOzTennis has a reputation beyond reputeOzTennis has a reputation beyond reputeOzTennis has a reputation beyond reputeOzTennis has a reputation beyond reputeOzTennis has a reputation beyond reputeOzTennis has a reputation beyond reputeOzTennis has a reputation beyond reputeOzTennis has a reputation beyond reputeOzTennis has a reputation beyond repute
Default Re: Aussie Dollar continues to fall - £1 buys $1.66

Originally Posted by GarryP
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.
Labour 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.

Last edited by OzTennis; Jul 11th 2013 at 8:25 am.
OzTennis is offline  
Old Jul 11th 2013, 7:54 am
  #65  
Proudly Deplorable
 
Amazulu's Avatar
 
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Amazulu has a reputation beyond reputeAmazulu has a reputation beyond reputeAmazulu has a reputation beyond reputeAmazulu has a reputation beyond reputeAmazulu has a reputation beyond reputeAmazulu has a reputation beyond reputeAmazulu has a reputation beyond reputeAmazulu has a reputation beyond reputeAmazulu has a reputation beyond reputeAmazulu has a reputation beyond reputeAmazulu has a reputation beyond repute
Default Re: Aussie Dollar continues to fall - £1 buys $1.66

Originally Posted by OzTennis
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.
Rudd v Abbott - not a great choice admittedly

but

Billy Bunter(Cameron) v Student Grant (Milliband) - even worse!
Amazulu is offline  
Old Jul 11th 2013, 11:55 am
  #66  
Banned
 
Joined: Jan 2011
Location: The REAL Utopia.
Posts: 9,910
chris955 has a reputation beyond reputechris955 has a reputation beyond reputechris955 has a reputation beyond reputechris955 has a reputation beyond reputechris955 has a reputation beyond reputechris955 has a reputation beyond reputechris955 has a reputation beyond reputechris955 has a reputation beyond reputechris955 has a reputation beyond reputechris955 has a reputation beyond reputechris955 has a reputation beyond repute
Default Re: Aussie Dollar continues to fall - £1 buys $1.66

Originally Posted by Amazulu
Rudd v Abbott - not a great choice admittedly

but

Billy Bunter(Cameron) v Student Grant (Milliband) - even worse!
Not sure how you can (predictably) say worse? I dont see much to recommend any of them and certainly wouldnt like to say which is the worst of a bad bunch.
chris955 is offline  
Old Jul 12th 2013, 5:34 pm
  #67  
BE Forum Addict
 
Joined: May 2012
Location: Cayman Islands
Posts: 4,976
Gordon Barlow has a reputation beyond reputeGordon Barlow has a reputation beyond reputeGordon Barlow has a reputation beyond reputeGordon Barlow has a reputation beyond reputeGordon Barlow has a reputation beyond reputeGordon Barlow has a reputation beyond reputeGordon Barlow has a reputation beyond reputeGordon Barlow has a reputation beyond reputeGordon Barlow has a reputation beyond reputeGordon Barlow has a reputation beyond reputeGordon Barlow has a reputation beyond repute
Default Re: Aussie Dollar continues to fall - £1 buys $1.66

Originally Posted by ABCD......
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.
I'm not sure what you mean by "parity", there. The old Australian ten-shillings was just re-designated as one dollar. There was no change of value vis-a-vis the British pound.
Gordon Barlow is offline  
Old Jul 13th 2013, 3:53 am
  #68  
Forum Regular
 
ABCD......'s Avatar
 
Joined: Mar 2013
Posts: 255
ABCD...... has a reputation beyond reputeABCD...... has a reputation beyond reputeABCD...... has a reputation beyond reputeABCD...... has a reputation beyond reputeABCD...... has a reputation beyond reputeABCD...... has a reputation beyond reputeABCD...... has a reputation beyond reputeABCD...... has a reputation beyond reputeABCD...... has a reputation beyond reputeABCD...... has a reputation beyond reputeABCD...... has a reputation beyond repute
Default Re: Aussie Dollar continues to fall - £1 buys $1.66

Originally Posted by Gordon Barlow
I'm not sure what you mean by "parity", there. The old Australian ten-shillings was just re-designated as one dollar. There was no change of value vis-a-vis the British pound.
I think you missed a bit...

The smiley at the end

(my sense of humour)
ABCD...... is offline  
Old Aug 2nd 2013, 5:35 pm
  #69  
Lost in BE Cyberspace
 
Alfresco's Avatar
 
Joined: Jan 2009
Location: Brisbane
Posts: 20,821
Alfresco has a reputation beyond reputeAlfresco has a reputation beyond reputeAlfresco has a reputation beyond reputeAlfresco has a reputation beyond reputeAlfresco has a reputation beyond reputeAlfresco has a reputation beyond reputeAlfresco has a reputation beyond reputeAlfresco has a reputation beyond reputeAlfresco has a reputation beyond reputeAlfresco has a reputation beyond reputeAlfresco has a reputation beyond repute
Default Re: Aussie Dollar continues to fall - £1 buys $1.66

Alfresco is offline  
Old Aug 3rd 2013, 2:43 am
  #70  
Forum Regular
 
Joined: Nov 2005
Posts: 158
Fardell is a jewel in the roughFardell is a jewel in the roughFardell is a jewel in the roughFardell is a jewel in the roughFardell is a jewel in the rough
Default 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
Fardell is offline  
Old Aug 3rd 2013, 3:13 am
  #71  
Daffyd Duck
 
commonwealth's Avatar
 
Joined: Jul 2008
Location: Paradise
Posts: 5,636
commonwealth has a reputation beyond reputecommonwealth has a reputation beyond reputecommonwealth has a reputation beyond reputecommonwealth has a reputation beyond reputecommonwealth has a reputation beyond reputecommonwealth has a reputation beyond reputecommonwealth has a reputation beyond reputecommonwealth has a reputation beyond reputecommonwealth has a reputation beyond reputecommonwealth has a reputation beyond reputecommonwealth has a reputation beyond repute
Default 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!
commonwealth is offline  
Old Aug 23rd 2013, 9:38 am
  #72  
Ping pong PoM
 
alipally's Avatar
 
Joined: Aug 2006
Location: Melbourne
Posts: 1,537
alipally has a reputation beyond reputealipally has a reputation beyond reputealipally has a reputation beyond reputealipally has a reputation beyond reputealipally has a reputation beyond reputealipally has a reputation beyond reputealipally has a reputation beyond reputealipally has a reputation beyond reputealipally has a reputation beyond reputealipally has a reputation beyond reputealipally has a reputation beyond repute
Default 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?
alipally is offline  
Old Aug 23rd 2013, 10:00 am
  #73  
Forum Regular
 
Joined: Jun 2006
Posts: 200
big_matt has much to be proud ofbig_matt has much to be proud ofbig_matt has much to be proud ofbig_matt has much to be proud ofbig_matt has much to be proud ofbig_matt has much to be proud ofbig_matt has much to be proud ofbig_matt has much to be proud ofbig_matt has much to be proud ofbig_matt has much to be proud ofbig_matt has much to be proud of
Default 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
big_matt is offline  
Old Aug 23rd 2013, 10:03 am
  #74  
Ping pong PoM
 
alipally's Avatar
 
Joined: Aug 2006
Location: Melbourne
Posts: 1,537
alipally has a reputation beyond reputealipally has a reputation beyond reputealipally has a reputation beyond reputealipally has a reputation beyond reputealipally has a reputation beyond reputealipally has a reputation beyond reputealipally has a reputation beyond reputealipally has a reputation beyond reputealipally has a reputation beyond reputealipally has a reputation beyond reputealipally has a reputation beyond repute
Default 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!!!
alipally is offline  
Old Aug 23rd 2013, 11:54 am
  #75  
Lost in BE Cyberspace
 
Alfresco's Avatar
 
Joined: Jan 2009
Location: Brisbane
Posts: 20,821
Alfresco has a reputation beyond reputeAlfresco has a reputation beyond reputeAlfresco has a reputation beyond reputeAlfresco has a reputation beyond reputeAlfresco has a reputation beyond reputeAlfresco has a reputation beyond reputeAlfresco has a reputation beyond reputeAlfresco has a reputation beyond reputeAlfresco has a reputation beyond reputeAlfresco has a reputation beyond reputeAlfresco has a reputation beyond repute
Default Re: Aussie Dollar continues to fall - £1 buys $1.66

Originally Posted by alipally
$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?
Wow! Maybe I should have waited a bit longer. But then I may have missed out on buying my house.

Good news indeed for those coming over.
Alfresco is offline  

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service -

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.