Aussie Dollar continues to fall - £1 buys $1.66
Jul 9th 2013, 9:03 am
#61
Almost more Oz than Pom
Joined: Aug 2010
Location: Brisbane northern suburbs
Posts: 1,154
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that I'd been short-changed by a ten bob note when it was pointed out to me that whilst I'd been away ten bob notes had been replaced by 10 shilling (now 50p) coins!
Jul 9th 2013, 3:39 pm
#62
BE Forum Addict
Joined: Dec 2008
Posts: 3,396
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.
Jul 10th 2013, 1:45 am
#63
snɐןɔ ʎʇıuɐs
Joined: Nov 2006
Posts: 6,558
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.
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.
Jul 11th 2013, 8:46 am
#64
Lost in BE Cyberspace
Joined: Nov 2003
Location: Scotland
Posts: 7,949
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.
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 9:25 am.
Jul 11th 2013, 8:54 am
#65
Proudly Deplorable
Joined: May 2003
Location: Alloha snack bar
Posts: 24,219
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.
but
Billy Bunter(Cameron) v Student Grant (Milliband) - even worse!
Jul 11th 2013, 12:55 pm
#66
Banned
Joined: Jan 2011
Location: The REAL Utopia.
Posts: 9,910
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!
but
Billy Bunter(Cameron) v Student Grant (Milliband) - even worse!
Jul 12th 2013, 6:34 pm
#67
BE Forum Addict
Joined: May 2012
Location: Cayman Islands
Posts: 4,656
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.
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.
Jul 13th 2013, 4:53 am
#68
Forum Regular
Joined: Mar 2013
Posts: 255
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.
The smiley at the end
(my sense of humour)
Aug 2nd 2013, 6:35 pm
#69
Lost in BE Cyberspace
Joined: Jan 2009
Posts: 20,814
Re: Aussie Dollar continues to fall - £1 buys $1.66
Aug 3rd 2013, 3:43 am
#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
Aug 3rd 2013, 4:13 am
#71
Daffyd Duck
Joined: Jul 2008
Location: Paradise
Posts: 5,636
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!
Aug 23rd 2013, 10:38 am
#72
Ping pong PoM
Joined: Aug 2006
Location: Melbourne
Posts: 1,537
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?
Aug 23rd 2013, 11:00 am
#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
Aug 23rd 2013, 11:03 am
#74
Ping pong PoM
Joined: Aug 2006
Location: Melbourne
Posts: 1,537
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!!!
Aug 23rd 2013, 12:54 pm
#75
Lost in BE Cyberspace
Joined: Jan 2009
Posts: 20,814
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?
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?
Good news indeed for those coming over.
