Exchange rate: where is this going???
Sep 29th 2008 | 10:15 am
#1
Thread Starter
BE Enthusiast
Joined: Sep 2008
Posts: 408
From: Oz
Exchange rate: where is this going???
Dear all,
The Oz dollar exchange rate is going mad again. Since the announcement by the US senate, just 3 hours ago
the rate has gone to $2.25 (up 5c) to £UK and climbing.
Realise that this is good for some and not good for others: anyone want to hazard an educated or not so educated guess where this is heading??
Twinset
The Oz dollar exchange rate is going mad again. Since the announcement by the US senate, just 3 hours ago
the rate has gone to $2.25 (up 5c) to £UK and climbing. Realise that this is good for some and not good for others: anyone want to hazard an educated or not so educated guess where this is heading??
Twinset
Sep 29th 2008 | 10:29 am
#2
Frequent Flyer Member
Joined: Jun 2007
Posts: 10,994
From: Melbourne
Re: Exchange rate: where is this going???
If the US manages to pass the bailout bill in some form then the ex rate will probably fall back again.
If not, then the A$ will probably weaken further & quickly. However the 'if not' implications are much greater than the A$ ex rate so who knows what the rules will be. With the US economy on its knees why should money be flowing into the USD - disnae make sense!!
If not, then the A$ will probably weaken further & quickly. However the 'if not' implications are much greater than the A$ ex rate so who knows what the rules will be. With the US economy on its knees why should money be flowing into the USD - disnae make sense!!
Sep 29th 2008 | 10:34 am
#3
Thread Starter
BE Enthusiast
Joined: Sep 2008
Posts: 408
From: Oz
Re: Exchange rate: where is this going???
Crazy times......certainly seems that way: up 6c......to 2.26....
Sep 29th 2008 | 10:41 am
#4
Joined: Oct 2007
Posts: 9,668
Re: Exchange rate: where is this going???
They didn't pass it...
Sep 29th 2008 | 11:04 am
#7
Thread Starter
BE Enthusiast
Joined: Sep 2008
Posts: 408
From: Oz
Re: Exchange rate: where is this going???
Hmmm...trying to get my head around what may happen if they don't do a bail out...
On the weird side, our CEO went round the banks last week: his quote was "..and two of them no longer exist this week..."
On the weird side, our CEO went round the banks last week: his quote was "..and two of them no longer exist this week..."
Sep 29th 2008 | 11:39 am
#8
Swollen Member
Joined: Jul 2008
Posts: 1,338
From: 53.2691 -2.92946
Re: Exchange rate: where is this going???
Dear all,
The Oz dollar exchange rate is going mad again. Since the announcement by the US senate, just 3 hours ago the rate has gone to $2.25 (up 5c) to £UK and climbing.
Realise that this is good for some and not good for others: anyone want to hazard an educated or not so educated guess where this is heading??
Twinset
The Oz dollar exchange rate is going mad again. Since the announcement by the US senate, just 3 hours ago
the rate has gone to $2.25 (up 5c) to £UK and climbing. Realise that this is good for some and not good for others: anyone want to hazard an educated or not so educated guess where this is heading??
Twinset
i know nothing really about finanance but surley there must be reprecussions if the US government just wipe the slate clean???
what about all them greedy fat cats on wall st there to blame aren,t they?
they should be giveing there salaries and bonus,s back to the state
not much chance of that thouh hey?
just my 2p,s anyhoo right off my soapbox now
Dougie
Last edited by Dougie; Sep 29th 2008 at 11:40 am. Reason: cannot typein the dark!
Sep 29th 2008 | 12:19 pm
#9
A rather curious boy
Joined: Aug 2006
Posts: 5,917
From: Melbourne
Re: Exchange rate: where is this going???
Bailing out will potentially stop meltdown but will not teach monetary responsibility or avoid fat cat payments in the medium to long term.As for the exchange rate....tomorrow is a different day with a likely different picture.
Sep 29th 2008 | 1:14 pm
#10
Joined: Oct 2007
Posts: 9,668
Re: Exchange rate: where is this going???
Sep 29th 2008 | 7:04 pm
#13
Thread Starter
BE Enthusiast
Joined: Sep 2008
Posts: 408
From: Oz
Re: Exchange rate: where is this going???
Sadly, I was 20 - but much more interested in wine, women and song.......and the internet was a baby, the early version of Ebay was Noel Edmond's swap shop, and mobile phones were weighed in kilos...........
......but bankers were still spelt with a "w" and loadsamoney was in vogue....
Roll on the next financial cycle
......but bankers were still spelt with a "w" and loadsamoney was in vogue....Roll on the next financial cycle
Sep 29th 2008 | 7:11 pm
#14
BE Forum Addict
Joined: Sep 2005
Posts: 1,503
From: U.K. still!!
Re: Exchange rate: where is this going???
Dear all,
The Oz dollar exchange rate is going mad again. Since the announcement by the US senate, just 3 hours ago the rate has gone to $2.25 (up 5c) to £UK and climbing.
Realise that this is good for some and not good for others: anyone want to hazard an educated or not so educated guess where this is heading??
Twinset
The Oz dollar exchange rate is going mad again. Since the announcement by the US senate, just 3 hours ago
the rate has gone to $2.25 (up 5c) to £UK and climbing. Realise that this is good for some and not good for others: anyone want to hazard an educated or not so educated guess where this is heading??
Twinset
Sep 29th 2008 | 7:37 pm
#15
Proudly Deplorable
Joined: May 2003
Posts: 24,249
From: Alloha snack bar
Re: Exchange rate: where is this going???
The recriminations and way forward can come later. I personally think that Obama is certain to be president because of this mess.
