Exchange rate
#1
Exchange rate
Has anyone got a cyrstal ball?
What is going to happen to the Aus dollar in the next month? We still haven't brought our money accross and we've seen the Aus dollar get stronger and stronger and that is not good for us.
So if there are any finance gurus out there we would value your opinion on what might happen in the coming month.
Thanks.
What is going to happen to the Aus dollar in the next month? We still haven't brought our money accross and we've seen the Aus dollar get stronger and stronger and that is not good for us.
So if there are any finance gurus out there we would value your opinion on what might happen in the coming month.
Thanks.
#2
Forum Regular
Joined: Sep 2003
Location: Bayside Brisbane
Posts: 279
Re: Exchange rate
Originally Posted by Luma
Has anyone got a cyrstal ball?
What is going to happen to the Aus dollar in the next month? We still haven't brought our money accross and we've seen the Aus dollar get stronger and stronger and that is not good for us.
So if there are any finance gurus out there we would value your opinion on what might happen in the coming month.
Thanks.
What is going to happen to the Aus dollar in the next month? We still haven't brought our money accross and we've seen the Aus dollar get stronger and stronger and that is not good for us.
So if there are any finance gurus out there we would value your opinion on what might happen in the coming month.
Thanks.
I ummed and ahhed in Nov Dec 2004 when it was at 2.55/2.6 and got greedy wanting more and then it plummeted. I finally got 2.5 last month, a wait of nearly 18 months!!!!! What is it at the mo, 2.45. It could go up to 2.5 or better again, equally it could go down to 2.4 .....or worse....as it has! 2.26 a few months ago i remember.
#3
Forum Regular
Joined: May 2006
Location: From Cesspit London to Glorious Sydney
Posts: 187
Re: Exchange rate
Just spoke to my broker.
She said the risk is greater on the downturn than the chance of it going back up again in the short term. Basically they see it going down to 2.4 - 2.38 before going back to the 2.5 levels. It may not she said, but she doesn't see it going back up short term due to the end of speculation over interest rates hikes etc.
I changed GBP40k at 2.41 ages ago, so todays rate is good value. Just hacked off I did not jump in at 2.51 a few weeks ago.
Next time it hits 2.5, I am going to trade. Hope it happens before November !
She said the risk is greater on the downturn than the chance of it going back up again in the short term. Basically they see it going down to 2.4 - 2.38 before going back to the 2.5 levels. It may not she said, but she doesn't see it going back up short term due to the end of speculation over interest rates hikes etc.
I changed GBP40k at 2.41 ages ago, so todays rate is good value. Just hacked off I did not jump in at 2.51 a few weeks ago.
Next time it hits 2.5, I am going to trade. Hope it happens before November !