Australian Dollar - exchange rate?!
Jul 15th 2008, 8:05 am
#46
Banned
Joined: Apr 2003
Location: Angle vale Sth Australia
Posts: 5,353
Re: Australian Dollar - exchange rate?!
Thanks for the clarity, I thought the rate you were referring to was on the day of your post not the rate some 8 months ago when indeed it was Au$2.50 to GBP1.
I also think mr mover thought that as well.
As far as the rest of your post is concerned not everything, least of all currency appreciation and depreciation is cyclical.
I also think mr mover thought that as well.
As far as the rest of your post is concerned not everything, least of all currency appreciation and depreciation is cyclical.
mm
Jul 21st 2008, 3:48 pm
#47
Just Joined
Joined: May 2008
Posts: 25
Re: Australian Dollar - exchange rate?!
Hi all,
I may have been a little quick but not by much.
Take a read at this artical
http://www.bloomberg.com/apps/news?p...Ycs&refer=home
I may have been a little quick but not by much.
Take a read at this artical
http://www.bloomberg.com/apps/news?p...Ycs&refer=home
Jul 21st 2008, 3:53 pm
#48
Just Joined
Joined: May 2008
Posts: 25
Re: Australian Dollar - exchange rate?!
Take a look at this link.
bloomberg.com/apps/news?pid=20601087&sid=alHVSq2PIYcs&refer=home
The Aussie could be ready to crash
bloomberg.com/apps/news?pid=20601087&sid=alHVSq2PIYcs&refer=home
The Aussie could be ready to crash
Aug 1st 2008, 9:01 pm
#49
Just Joined
Joined: May 2008
Posts: 25
Re: Australian Dollar - exchange rate?!
Sorry to all those sceptics but I did tell you all.
Hope some listened and changed their money, if not do it now, the dollar is going to crash big time.
Hope some listened and changed their money, if not do it now, the dollar is going to crash big time.
Aug 1st 2008, 9:08 pm
#50
Bitter and twisted
Joined: Dec 2003
Location: Upmarket
Posts: 17,503
Re: Australian Dollar - exchange rate?!
Aug 1st 2008, 10:46 pm
#51
Forum Regular
Joined: Apr 2008
Posts: 158
Re: Australian Dollar - exchange rate?!
I Think the RBA And the Government were hit with there pants down
so to speak ,On one hand just as thay were doing the right thing
slowing the economy down so it never boild over ,and at the same time
the dollar was up there with the big guys ,as thay boasted daily that
the australian dollar was nearly 90c US then 95 and so on and all
was well .
And then came along the big bad credit crunch that the rest of the
globe had anticipated 12 months earlier ,and in true australian
style the poo hits the fan all at once the idiots couldn't arrange a
piss up in a brewery Now Rudd is saying he aint ruling a ressesion out???
RICHES TO RAGS OR CHINA AND COAL TO FULL ON RECESSION
all in one month ?
so to speak ,On one hand just as thay were doing the right thing
slowing the economy down so it never boild over ,and at the same time
the dollar was up there with the big guys ,as thay boasted daily that
the australian dollar was nearly 90c US then 95 and so on and all
was well .
And then came along the big bad credit crunch that the rest of the
globe had anticipated 12 months earlier ,and in true australian
style the poo hits the fan all at once the idiots couldn't arrange a
piss up in a brewery Now Rudd is saying he aint ruling a ressesion out???
RICHES TO RAGS OR CHINA AND COAL TO FULL ON RECESSION
all in one month ?
Aug 2nd 2008, 12:56 am
#52
Proudly Deplorable
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Re: Australian Dollar - exchange rate?!
I Think the RBA And the Government were hit with there pants down
so to speak ,On one hand just as thay were doing the right thing
slowing the economy down so it never boild over ,and at the same time
the dollar was up there with the big guys ,as thay boasted daily that
the australian dollar was nearly 90c US then 95 and so on and all
was well .
And then came along the big bad credit crunch that the rest of the
globe had anticipated 12 months earlier ,and in true australian
style the poo hits the fan all at once the idiots couldn't arrange a
piss up in a brewery Now Rudd is saying he aint ruling a ressesion out???
RICHES TO RAGS OR CHINA AND COAL TO FULL ON RECESSION
all in one month ?
so to speak ,On one hand just as thay were doing the right thing
slowing the economy down so it never boild over ,and at the same time
the dollar was up there with the big guys ,as thay boasted daily that
the australian dollar was nearly 90c US then 95 and so on and all
was well .
And then came along the big bad credit crunch that the rest of the
globe had anticipated 12 months earlier ,and in true australian
style the poo hits the fan all at once the idiots couldn't arrange a
piss up in a brewery Now Rudd is saying he aint ruling a ressesion out???
RICHES TO RAGS OR CHINA AND COAL TO FULL ON RECESSION
all in one month ?
Aug 2nd 2008, 1:05 am
#53
Forum Regular
Joined: Mar 2008
Posts: 87
Re: Australian Dollar - exchange rate?!
I have about GBP 200k to exchange, though am not convinced I will stay in Oz forever
Is there anyway of hedging it so I am not at risk should I come back to the UK in a year or so?
Is there anyway of hedging it so I am not at risk should I come back to the UK in a year or so?
Aug 2nd 2008, 4:51 am
#54
Forum Regular
Joined: Dec 2006
Location: Randwick
Posts: 208
Re: Australian Dollar - exchange rate?!
I Think the RBA And the Government were hit with there pants down
so to speak ,On one hand just as thay were doing the right thing
slowing the economy down so it never boild over ,and at the same time
the dollar was up there with the big guys ,as thay boasted daily that
the australian dollar was nearly 90c US then 95 and so on and all
was well .
And then came along the big bad credit crunch that the rest of the
globe had anticipated 12 months earlier ,and in true australian
style the poo hits the fan all at once the idiots couldn't arrange a
piss up in a brewery Now Rudd is saying he aint ruling a ressesion out???
RICHES TO RAGS OR CHINA AND COAL TO FULL ON RECESSION
all in one month ?
so to speak ,On one hand just as thay were doing the right thing
slowing the economy down so it never boild over ,and at the same time
the dollar was up there with the big guys ,as thay boasted daily that
the australian dollar was nearly 90c US then 95 and so on and all
was well .
And then came along the big bad credit crunch that the rest of the
globe had anticipated 12 months earlier ,and in true australian
style the poo hits the fan all at once the idiots couldn't arrange a
piss up in a brewery Now Rudd is saying he aint ruling a ressesion out???
RICHES TO RAGS OR CHINA AND COAL TO FULL ON RECESSION
all in one month ?
Aug 2nd 2008, 10:03 am
#56
Forum Regular
Joined: Aug 2008
Posts: 63
Re: Australian Dollar - exchange rate?!
different companies offer slightly diffeent packages
cmc markets for example offer a FX account
using spread betting
where buy you can buy or sell gbp /aud or others
the main reason to use a spead betting account in the uk is
no tax on any profits
James
Aug 2nd 2008, 10:17 am
#57
Forum Regular
Joined: Mar 2008
Posts: 87
Re: Australian Dollar - exchange rate?!
very simple to hedge
different companies offer slightly diffeent packages
cmc markets for example offer a FX account
using spread betting
where buy you can buy or sell gbp /aud or others
the main reason to use a spead betting account in the uk is
no tax on any profits
James
different companies offer slightly diffeent packages
cmc markets for example offer a FX account
using spread betting
where buy you can buy or sell gbp /aud or others
the main reason to use a spead betting account in the uk is
no tax on any profits
James
Let's say that I transfer 200k GBP at $2.10, getting me AUD $420k. Do I then enter into a hedge at 2.10 to exchnage back to GBP in one years time
If I decide to stay can i let the hedge lapse? or if I come back earlier what happens.
I just want to mitigate any downside risk
Aug 2nd 2008, 12:55 pm
#58
Forum Regular
Joined: Jul 2008
Location: Toronto (the big city in Canada, not the town in New South Wales!)
Posts: 91
Re: Australian Dollar - exchange rate?!
A hedge is the same thing as a forwards contract, right? AFAIK, once you sign a forwards contract, it's binding.
Aug 3rd 2008, 12:29 am
#59
Just Joined
Joined: May 2008
Posts: 25
Re: Australian Dollar - exchange rate?!
Garyling,
I did not say change Aus dollars from pounds.
please read back and you will see that I advised for people to change Aus dollars to ponds as the Aus dollar was going to crash.
I changed £10000 and got $25000 in August last year, I made just over £2000 when I changed it back (when the pound dropped).
I am now waiting for the Pound to pick up against the dollar (and my freind has said it will got to $2.45 by November) to change it back again.
Easy money if you have the contacts.
I did not say change Aus dollars from pounds.
please read back and you will see that I advised for people to change Aus dollars to ponds as the Aus dollar was going to crash.
I changed £10000 and got $25000 in August last year, I made just over £2000 when I changed it back (when the pound dropped).
I am now waiting for the Pound to pick up against the dollar (and my freind has said it will got to $2.45 by November) to change it back again.
Easy money if you have the contacts.
Aug 3rd 2008, 1:18 am
#60
Forum Regular
Joined: Apr 2006
Posts: 296
Re: Australian Dollar - exchange rate?!
Garyling,
I did not say change Aus dollars from pounds.
please read back and you will see that I advised for people to change Aus dollars to ponds as the Aus dollar was going to crash.
I changed £10000 and got $25000 in August last year, I made just over £2000 when I changed it back (when the pound dropped).
I am now waiting for the Pound to pick up against the dollar (and my freind has said it will got to $2.45 by November) to change it back again.
Easy money if you have the contacts.
I did not say change Aus dollars from pounds.
please read back and you will see that I advised for people to change Aus dollars to ponds as the Aus dollar was going to crash.
I changed £10000 and got $25000 in August last year, I made just over £2000 when I changed it back (when the pound dropped).
I am now waiting for the Pound to pick up against the dollar (and my freind has said it will got to $2.45 by November) to change it back again.
Easy money if you have the contacts.
