The strength of the Ozzie Dollar Vs the British Pound
Sep 27th 2002, 12:26 pm
#1
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The strength of the British Pound V's the Ozzie Dollar
Any opinions on how the exchange rate between these two currencies will change in the future. The chart suggest a continuing weakening aussie dollar.
What do you think will happen and why?.
What do you think will happen and why?.
Last edited by 65 million; Sep 27th 2002 at 12:32 pm.
Sep 27th 2002, 2:13 pm
#2
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Location: Perth Arse end of the planet
Posts: 7,037
Re: The strength of the British Pound V's the Ozzie Dollar
Originally posted by 65 million:
Any opinions on how the exchange rate between these two currencies will change in the future. The chart suggest a continuing weakening aussie dollar.
What do you think will happen and why?.
Any opinions on how the exchange rate between these two currencies will change in the future. The chart suggest a continuing weakening aussie dollar.
What do you think will happen and why?.
When we came 9years ago Micky Mouse Dollar was 2 to a pound so we have lost 50% of our money that we came with.
The Aussie Dollar will weaken due to a the fact its imports will never match its exports its debts are getting bigger not smaller ,the bigger its economy gets the more it will owe.
The pound will gain because the oil revenues are drying up so the British economy will turn back to whats its best at making things and finance.
Also do not forget UK is in the worlds biggest market the EEC which is still growing , Australia is just the arse end of world and unloved by all Asian countrys around it.
Sep 27th 2002, 3:02 pm
#3
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Posts: n/a
Re: The strength of the Ozzie Dollar Vs the British Pound
In 65 million wrote:
> Any opinions on how the exchange rate between these two currencies
> will change in the future. The chart suggest a continuing weakening
> aussie dollar.
> What do you think will happen and why?.
The best explanation I've seen for the strength/weekness of the
Oz dollar is as follows:
The Oz economy is heavily dependent on trade with the US (directly
or indirectly, i.e. direct exports or indirect e.g. raw materials
sent to other countries that eventually become products exported
to the US).
Right now the US economy is at a low and prospects are at best
uncertain. When the US economy turns around, the Oz $ will strengthen
against the US $, and as a consequence against the pound.
Once you've got your head around the OZ/US dollar interaction with
the US economy you have to add in the interaction between the
pound and the US dollar. The UK economy is much bigger than the Oz
economy and the pound is a more attractive currency for investors
than the Oz$, so there pound reacts differently to the ups and downs
of the US economy. Best you can assume (for prediction purposes) is
that the US$/£ ratio will remain relatively steady in the short term.
There are far too many variables to consider to make any predictions
worth more than a bet.
In the short term, have a guess where you think the DOW Jones
index is going to go, and then assume the Oz$ per £ rate will go
in the opposite direction.
> Any opinions on how the exchange rate between these two currencies
> will change in the future. The chart suggest a continuing weakening
> aussie dollar.
> What do you think will happen and why?.
The best explanation I've seen for the strength/weekness of the
Oz dollar is as follows:
The Oz economy is heavily dependent on trade with the US (directly
or indirectly, i.e. direct exports or indirect e.g. raw materials
sent to other countries that eventually become products exported
to the US).
Right now the US economy is at a low and prospects are at best
uncertain. When the US economy turns around, the Oz $ will strengthen
against the US $, and as a consequence against the pound.
Once you've got your head around the OZ/US dollar interaction with
the US economy you have to add in the interaction between the
pound and the US dollar. The UK economy is much bigger than the Oz
economy and the pound is a more attractive currency for investors
than the Oz$, so there pound reacts differently to the ups and downs
of the US economy. Best you can assume (for prediction purposes) is
that the US$/£ ratio will remain relatively steady in the short term.
There are far too many variables to consider to make any predictions
worth more than a bet.
In the short term, have a guess where you think the DOW Jones
index is going to go, and then assume the Oz$ per £ rate will go
in the opposite direction.
Sep 27th 2002, 3:40 pm
#4
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Joined: Aug 2002
Location: An expat Aussie trying to understand why anyone wants to move to Oz.
Posts: 485
Re: The strength of the British Pound V's the Ozzie Dollar
Originally posted by pommie bastard:
When we came 9years ago Micky Mouse Dollar was 2 to a pound so we have lost 50% of our money that we came with.
The Aussie Dollar will weaken due to a the fact its imports will never match its exports its debts are getting bigger not smaller ,the bigger its economy gets the more it will owe.
The pound will gain because the oil revenues are drying up so the British economy will turn back to whats its best at making things and finance.
Also do not forget UK is in the worlds biggest market the EEC which is still growing , Australia is just the arse end of world and unloved by all Asian countrys around it.
When we came 9years ago Micky Mouse Dollar was 2 to a pound so we have lost 50% of our money that we came with.
The Aussie Dollar will weaken due to a the fact its imports will never match its exports its debts are getting bigger not smaller ,the bigger its economy gets the more it will owe.
The pound will gain because the oil revenues are drying up so the British economy will turn back to whats its best at making things and finance.
Also do not forget UK is in the worlds biggest market the EEC which is still growing , Australia is just the arse end of world and unloved by all Asian countrys around it.
Sep 27th 2002, 3:41 pm
#5
BE Enthusiast
Joined: Aug 2002
Location: An expat Aussie trying to understand why anyone wants to move to Oz.
Posts: 485
Re: The strength of the British Pound V's the Ozzie Dollar
Originally posted by pommie bastard:
When we came 9years ago Micky Mouse Dollar was 2 to a pound so we have lost 50% of our money that we came with.
The Aussie Dollar will weaken due to a the fact its imports will never match its exports its debts are getting bigger not smaller ,the bigger its economy gets the more it will owe.
The pound will gain because the oil revenues are drying up so the British economy will turn back to whats its best at making things and finance.
Also do not forget UK is in the worlds biggest market the EEC which is still growing , Australia is just the arse end of world and unloved by all Asian countrys around it.
When we came 9years ago Micky Mouse Dollar was 2 to a pound so we have lost 50% of our money that we came with.
The Aussie Dollar will weaken due to a the fact its imports will never match its exports its debts are getting bigger not smaller ,the bigger its economy gets the more it will owe.
The pound will gain because the oil revenues are drying up so the British economy will turn back to whats its best at making things and finance.
Also do not forget UK is in the worlds biggest market the EEC which is still growing , Australia is just the arse end of world and unloved by all Asian countrys around it.
Sep 27th 2002, 6:54 pm
#6
Guest
Posts: n/a
Re: The strength of the Ozzie Dollar Vs the British Pound
What a sad life you have having to live such a paupers life in Australia
when you could return from whence you came and live like a King.
"pommie bastard" wrote in message
news:427047.1033135995@britishexpats-
.com...
> When we came 9years ago Micky Mouse Dollar was 2 to a pound so we have
> lost 50% of our money that we came with.
> The Aussie Dollar will weaken due to a the fact its imports will never
> match its exports its debts are getting bigger not smaller ,the bigger
> its economy gets the more it will owe.
> The pound will gain because the oil revenues are drying up so the
> British economy will turn back to whats its best at making things and
> finance.
> Also do not forget UK is in the worlds biggest market the EEC which is
> still growing , Australia is just the arse end of world and unloved by
> all Asian countrys around it.
>
> --
> Posted via http://britishexpats.com
when you could return from whence you came and live like a King.
"pommie bastard" wrote in message
news:427047.1033135995@britishexpats-
.com...
> When we came 9years ago Micky Mouse Dollar was 2 to a pound so we have
> lost 50% of our money that we came with.
> The Aussie Dollar will weaken due to a the fact its imports will never
> match its exports its debts are getting bigger not smaller ,the bigger
> its economy gets the more it will owe.
> The pound will gain because the oil revenues are drying up so the
> British economy will turn back to whats its best at making things and
> finance.
> Also do not forget UK is in the worlds biggest market the EEC which is
> still growing , Australia is just the arse end of world and unloved by
> all Asian countrys around it.
>
> --
> Posted via http://britishexpats.com
Sep 29th 2002, 8:44 am
#7
Guest
Posts: n/a
Re: The strength of the Ozzie Dollar Vs the British Pound
"65 million" wrote in message
news:426987.1033129574@britishexpats-
.com...
> Any opinions on how the exchange rate between these two currencies
> will change in the future. The chart suggest a continuing weakening
> aussie dollar.
> What do you think will happen and why?.
I think coming to Australia to take money back to the UK is a waste of time.
It's great doing it the opposite way though
Chris
> --
> Posted via http://britishexpats.com
news:426987.1033129574@britishexpats-
.com...
> Any opinions on how the exchange rate between these two currencies
> will change in the future. The chart suggest a continuing weakening
> aussie dollar.
> What do you think will happen and why?.
I think coming to Australia to take money back to the UK is a waste of time.
It's great doing it the opposite way though
Chris
> --
> Posted via http://britishexpats.com
Sep 29th 2002, 8:45 am
#8
Guest
Posts: n/a
Re: The strength of the Ozzie Dollar Vs the British Pound
"pommie bastard" wrote in message
news:427047.1033135995@britishexpats-
.com...
> Also do not forget UK is in the worlds biggest market the EEC which is
> still growing , Australia is just the arse end of world and unloved by
> all Asian countrys around it.
lol What a tosser.
Chris
>
> --
> Posted via http://britishexpats.com
news:427047.1033135995@britishexpats-
.com...
> Also do not forget UK is in the worlds biggest market the EEC which is
> still growing , Australia is just the arse end of world and unloved by
> all Asian countrys around it.
lol What a tosser.
Chris
>
> --
> Posted via http://britishexpats.com
Sep 29th 2002, 8:47 am
#9
Guest
Posts: n/a
Re: The strength of the Ozzie Dollar Vs the British Pound
"Robert Edwards" wrote in message
news:[email protected]
ustar.net.au...
> What a sad life you have having to live such a paupers life in Australia
> when you could return from whence you came and live like a King.
hehe My guess is he was just as unhappy in the UK - people like this are
never happy, no matter what the circumstance.
Chris
> "pommie bastard" wrote in message
> news:427047.1033135995@britishexpa-
> ts.com ...
> > When we came 9years ago Micky Mouse Dollar was 2 to a pound so we have
> > lost 50% of our money that we came with.
> > The Aussie Dollar will weaken due to a the fact its imports will never
> > match its exports its debts are getting bigger not smaller ,the bigger
> > its economy gets the more it will owe.
> > The pound will gain because the oil revenues are drying up so the
> > British economy will turn back to whats its best at making things and
> > finance.
> > Also do not forget UK is in the worlds biggest market the EEC which is
> > still growing , Australia is just the arse end of world and unloved by
> > all Asian countrys around it.
> >
> >
> > --
> > Posted via http://britishexpats.com
> >
news:[email protected]
ustar.net.au...
> What a sad life you have having to live such a paupers life in Australia
> when you could return from whence you came and live like a King.
hehe My guess is he was just as unhappy in the UK - people like this are
never happy, no matter what the circumstance.
Chris
> "pommie bastard" wrote in message
> news:427047.1033135995@britishexpa-
> ts.com ...
> > When we came 9years ago Micky Mouse Dollar was 2 to a pound so we have
> > lost 50% of our money that we came with.
> > The Aussie Dollar will weaken due to a the fact its imports will never
> > match its exports its debts are getting bigger not smaller ,the bigger
> > its economy gets the more it will owe.
> > The pound will gain because the oil revenues are drying up so the
> > British economy will turn back to whats its best at making things and
> > finance.
> > Also do not forget UK is in the worlds biggest market the EEC which is
> > still growing , Australia is just the arse end of world and unloved by
> > all Asian countrys around it.
> >
> >
> > --
> > Posted via http://britishexpats.com
> >
Sep 29th 2002, 11:39 am
#10
Y Ddraig Goch
Joined: Aug 2002
Location: Body is in Brissie. Heart and soul has long flown home.
Posts: 3,722
Re: The strength of the Ozzie Dollar Vs the British Pound
Originally posted by Chris:
"Robert Edwards" wrote in message
news:[email protected]
ustar.net.au...
> What a sad life you have having to live such a paupers life in Australia
> when you could return from whence you came and live like a King.
hehe My guess is he was just as unhappy in the UK - people like this are
never happy, no matter what the circumstance.
Chris
> "pommie bastard" wrote in message
> news:427047.1033135995@britishexpa-
> ts.com ...
> > When we came 9years ago Micky Mouse Dollar was 2 to a pound so we have
> > lost 50% of our money that we came with.
> > The Aussie Dollar will weaken due to a the fact its imports will never
> > match its exports its debts are getting bigger not smaller ,the bigger
> > its economy gets the more it will owe.
> > The pound will gain because the oil revenues are drying up so the
> > British economy will turn back to whats its best at making things and
> > finance.
> > Also do not forget UK is in the worlds biggest market the EEC which is
> > still growing , Australia is just the arse end of world and unloved by
> > all Asian countrys around it.
> >
> >
> > --
> > Posted via http://britishexpats.com
> >
"Robert Edwards" wrote in message
news:[email protected]
ustar.net.au...
> What a sad life you have having to live such a paupers life in Australia
> when you could return from whence you came and live like a King.
hehe My guess is he was just as unhappy in the UK - people like this are
never happy, no matter what the circumstance.
Chris
> "pommie bastard" wrote in message
> news:427047.1033135995@britishexpa-
> ts.com ...
> > When we came 9years ago Micky Mouse Dollar was 2 to a pound so we have
> > lost 50% of our money that we came with.
> > The Aussie Dollar will weaken due to a the fact its imports will never
> > match its exports its debts are getting bigger not smaller ,the bigger
> > its economy gets the more it will owe.
> > The pound will gain because the oil revenues are drying up so the
> > British economy will turn back to whats its best at making things and
> > finance.
> > Also do not forget UK is in the worlds biggest market the EEC which is
> > still growing , Australia is just the arse end of world and unloved by
> > all Asian countrys around it.
> >
> >
> > --
> > Posted via http://britishexpats.com
> >
I made money by bringing pounds (TT) to Australia, I'm waiting for the Aussie dollar to go back up to send Aussie dollars back to Britain.
He's correct , nothing to do with "unhappiness" etc, , I do know this as I made a couple thousand by TT money in at the right time... I'm just waiting for the AU to go back up again to work in my favour to TT it back
cheers
Sep 29th 2002, 1:44 pm
#11
BE Enthusiast
Joined: Mar 2002
Posts: 498
Re: The strength of the Ozzie Dollar Vs the British Pound
Originally posted by Ceri:
I made a couple thousand by TT money in at the right time... I'm just waiting for the AU to go back up again to work in my favour to TT it back
cheers
I made a couple thousand by TT money in at the right time... I'm just waiting for the AU to go back up again to work in my favour to TT it back
cheers
Sep 29th 2002, 5:29 pm
#12
Guest
Posts: n/a
Re: The strength of the Ozzie Dollar Vs the British Pound
In Ceri wrote:
> PB is 100% correct in this case... the Aussie dollar is weak against
> the pound. I made money by bringing pounds (TT) to Australia, I'm
> waiting for the Aussie dollar to go back up to send Aussie dollars
> back to Britain.
*IF* PB is 100% correct then you're gonna have a long long long
wait because PB says the pound is going to strengthen and so your
Oz dollars are going to be worth less in the future than they
are now.
> PB is 100% correct in this case... the Aussie dollar is weak against
> the pound. I made money by bringing pounds (TT) to Australia, I'm
> waiting for the Aussie dollar to go back up to send Aussie dollars
> back to Britain.
*IF* PB is 100% correct then you're gonna have a long long long
wait because PB says the pound is going to strengthen and so your
Oz dollars are going to be worth less in the future than they
are now.
Sep 29th 2002, 10:23 pm
#13
BE Forum Addict
Joined: Feb 2002
Location: Dream life UK....
Posts: 2,912
Re: The strength of the Ozzie Dollar Vs the British Pound
Originally posted by Rob:
In Ceri wrote:
> PB is 100% correct in this case... the Aussie dollar is weak against
> the pound. I made money by bringing pounds (TT) to Australia, I'm
> waiting for the Aussie dollar to go back up to send Aussie dollars
> back to Britain.
*IF* PB is 100% correct then you're gonna have a long long long
wait because PB says the pound is going to strengthen and so your
Oz dollars are going to be worth less in the future than they
are now.
In Ceri wrote:
> PB is 100% correct in this case... the Aussie dollar is weak against
> the pound. I made money by bringing pounds (TT) to Australia, I'm
> waiting for the Aussie dollar to go back up to send Aussie dollars
> back to Britain.
*IF* PB is 100% correct then you're gonna have a long long long
wait because PB says the pound is going to strengthen and so your
Oz dollars are going to be worth less in the future than they
are now.
I dont know why they dont just cut out all the $A signs and just pay us in Bananas.
I often wonder if the dollar did ever go up, how many would stay In Australia? Reckon there would be a mass exodus of Poms trying to escape while their money was worth something.
The Airlines phones would be jammed. I have this funny vision of thousand of Pommes running to the airport with their belonings on their backs, pushing the weak out of the way to fight for a seat on a plane!
Sep 29th 2002, 11:13 pm
#14
Forum Regular
Joined: Sep 2002
Posts: 213
Re: The strength of the Ozzie Dollar Vs the British Pound
Originally posted by dotty:
<<<
I dont know why they dont just cut out all the $A signs and just pay us in Bananas.
<<<
I dont know why they dont just cut out all the $A signs and just pay us in Bananas.
sarcasm aside, i have seen the $Aud crawl up from $2.51 to a knats fart under $3 to the pound......and there are no indicators of it coming down. makes life interesting to say the least when you are planning your Plan B escape route.
Sep 30th 2002, 4:56 am
#15
Y Ddraig Goch
Joined: Aug 2002
Location: Body is in Brissie. Heart and soul has long flown home.
Posts: 3,722
Re: The strength of the Ozzie Dollar Vs the British Pound
Originally posted by Rob:
In Ceri wrote:
> PB is 100% correct in this case... the Aussie dollar is weak against
> the pound. I made money by bringing pounds (TT) to Australia, I'm
> waiting for the Aussie dollar to go back up to send Aussie dollars
> back to Britain.
*IF* PB is 100% correct then you're gonna have a long long long
wait because PB says the pound is going to strengthen and so your
Oz dollars are going to be worth less in the future than they
are now.
In Ceri wrote:
> PB is 100% correct in this case... the Aussie dollar is weak against
> the pound. I made money by bringing pounds (TT) to Australia, I'm
> waiting for the Aussie dollar to go back up to send Aussie dollars
> back to Britain.
*IF* PB is 100% correct then you're gonna have a long long long
wait because PB says the pound is going to strengthen and so your
Oz dollars are going to be worth less in the future than they
are now.
) so when I come to sell this will out weigh the cr*p exchange rate back to pounds.... and I still may gaincheers