Exchange Rate.. ouch
 

Just watching the rates today.. the pound has dropped to a shade under $2.50. It's been falling all week I guess based on poor consumer spending and house price woe.

Oz dollar was £0.41 last feb and now £0.40 which was a bad one and 13% down on the previous year.

I can't see a recovery this side of xmas, which is sad for anyone going to oz but I guess great for anyone coming back...

Re: Exchange Rate.. ouch
 

What you lose in the exchange rate you gain in the plummeting Australia house market, when purchasing property on the otherside. That's what I keep saying to myself anyway!

TBEB

Re: Exchange Rate.. ouch
 

Let's hope the election causes a crash in the AUD then :D

Re: Exchange Rate.. ouch
 

The US dollar is what’s causing it. Its loosing its appeal recently, and currency like the Euro have taken advantage of this. The Australian Dollar has a close allegiance to the Euro as an alternative currency.

What we need is the US dollar to gain some strength, thus gain some more appeal. :)

Re: Exchange Rate.. ouch
 

which feasibly it shoud do after those 2 muppetts stop shouting at each other and we get this election out of the way ....

Re: Exchange Rate.. ouch
 

Which two muppets? The Aussie ones or the American ones? :D
Not that we haven't got our own collection of muppets back here in the UK :rolleyes:

Alastair

Re: Exchange Rate.. ouch
 

The Australian housing market is not plummeting - no how, no way!!!

It's slowed but prices in general are not dropping!!

Re: Exchange Rate.. ouch
 

THEY'RE ALL MUPPETS! Doesn't matter where they're from.

And Kerry - enlisting Springsteen and REM? Shocking!