Exchange rate
Jan 11th 2010, 2:38 am
#1
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Location: Sunshine Coast
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Exchange rate
I know there are many threads already on this subject but those in the know do you have any thoughts on what is happening and when will the exchange rate will start improving? How long will it take to get back to the $2.10 - $2.50. I want to buy a house
Last edited by fa kin su pa; Jan 11th 2010 at 2:39 am. Reason: Enlish again
Jan 11th 2010, 2:59 am
#2
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Location: Brisbane
Posts: 4,298
Re: Exchange rate
The current exchange rate = 1.7268.
The cheapest pint of beer in central Brisbane (absolute cheapest) is $4.40, and thats happy hour in one pub. That's GBP2.55.
The average price of a pint in central brisbane is $7, give or take 50c. That's GBP4.05.
Now there's not a lot of science in this, perhaps none whatsoever. But I would say that based on the prices of beer alone, AUD is way overvalued.
Jan 11th 2010, 3:33 am
#3
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Posts: 440
Re: Exchange rate
As the previous poster said, no one knows the answer and anything can happen.
In my humble opinion:
As Oz interest rates are likely to up in February, and continue to rise until they reach a 'historic average" (at least 1.0% more than currently), and as UK interest rates will probably remain depressed for a while longer, it's not going to get "better" (for holders of pounds) anytime soon.
The "beer index" is a good idea and I agree it shows that the Oz dollar is "overvalued". But this is only a comparison with historical averages, and if the Oz economy continues to go considerably better than the UK economy then there is no reason for future results to reflect "history".
Hope this helps!
In my humble opinion:
As Oz interest rates are likely to up in February, and continue to rise until they reach a 'historic average" (at least 1.0% more than currently), and as UK interest rates will probably remain depressed for a while longer, it's not going to get "better" (for holders of pounds) anytime soon.
The "beer index" is a good idea and I agree it shows that the Oz dollar is "overvalued". But this is only a comparison with historical averages, and if the Oz economy continues to go considerably better than the UK economy then there is no reason for future results to reflect "history".
Hope this helps!
Jan 11th 2010, 3:40 am
#4
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Joined: Apr 2009
Posts: 1,054
Re: Exchange rate
No one has the answer for you unfortunately.
The current exchange rate = 1.7268.
The cheapest pint of beer in central Brisbane (absolute cheapest) is $4.40, and thats happy hour in one pub. That's GBP2.55.
The average price of a pint in central brisbane is $7, give or take 50c. That's GBP4.05.
Now there's not a lot of science in this, perhaps none whatsoever. But I would say that based on the prices of beer alone, AUD is way overvalued.
The current exchange rate = 1.7268.
The cheapest pint of beer in central Brisbane (absolute cheapest) is $4.40, and thats happy hour in one pub. That's GBP2.55.
The average price of a pint in central brisbane is $7, give or take 50c. That's GBP4.05.
Now there's not a lot of science in this, perhaps none whatsoever. But I would say that based on the prices of beer alone, AUD is way overvalued.
Jan 11th 2010, 5:13 am
#5
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Joined: May 2008
Location: Perth
Posts: 838
Re: Exchange rate
No one has the answer for you unfortunately.
The current exchange rate = 1.7268.
The cheapest pint of beer in central Brisbane (absolute cheapest) is $4.40, and thats happy hour in one pub. That's GBP2.55.
The average price of a pint in central brisbane is $7, give or take 50c. That's GBP4.05.
Now there's not a lot of science in this, perhaps none whatsoever. But I would say that based on the prices of beer alone, AUD is way overvalued.
The current exchange rate = 1.7268.
The cheapest pint of beer in central Brisbane (absolute cheapest) is $4.40, and thats happy hour in one pub. That's GBP2.55.
The average price of a pint in central brisbane is $7, give or take 50c. That's GBP4.05.
Now there's not a lot of science in this, perhaps none whatsoever. But I would say that based on the prices of beer alone, AUD is way overvalued.
Thursday 7th Jan 2010
Avg. Min. Max.
Unleaded: 110.7p 104.9p 119.0p
Diesel: 112.6p 105.9p 123.0p
LRP: 114.8p 109.9p 114.9p
Super: 117.6p 108.9p 127.9p
LPG: 59.2p 51.9p 67.9p
implied A$ price on UK unleaded would equal $1.92 /Ltr
Think we use more petrol than beer- (I do )
On Petrol alone UK is way over priced (I don't even believe that
)
Jan 11th 2010, 5:42 am
#6
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Joined: Sep 2008
Location: newbury
Posts: 943
Re: Exchange rate
not another one on this subject cant we just merg all the threads into one ?
Where's your sense of adventure ! 
Jan 11th 2010, 8:55 am
#8
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Joined: Jan 2005
Location: Brisbane
Posts: 4,298
Re: Exchange rate
As you already know (I'm sure
) - the inputs that make up the retail price of petrol in Aus, differ massively from those that make up the retail price in the UK. However that isn't the case for beer.
I "hops" you get my point.
Jan 11th 2010, 8:56 am
#9
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Joined: Jul 2006
Location: north east england to south east queensland(cleveland in fact )WE WON THE CUP
Posts: 5,867
Re: Exchange rate
No one has the answer for you unfortunately.
The current exchange rate = 1.7268.
The cheapest pint of beer in central Brisbane (absolute cheapest) is $4.40, and thats happy hour in one pub. That's GBP2.55.
The average price of a pint in central brisbane is $7, give or take 50c. That's GBP4.05.
Now there's not a lot of science in this, perhaps none whatsoever. But I would say that based on the prices of beer alone, AUD is way overvalued.
The current exchange rate = 1.7268.
The cheapest pint of beer in central Brisbane (absolute cheapest) is $4.40, and thats happy hour in one pub. That's GBP2.55.
The average price of a pint in central brisbane is $7, give or take 50c. That's GBP4.05.
Now there's not a lot of science in this, perhaps none whatsoever. But I would say that based on the prices of beer alone, AUD is way overvalued.
