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Forum: Australia
Feb 19th 2016, 10:54 am
Replies: 453
Views: 95,666
Posted By astera

Re: Exchange rate AUD Vs GBP £1 buys $1.83

I'm an "all eggs in one basket type of person" and I converted everything at around $2.08 then. It shot up to something like $2.35 or higher shortly afterwards which had me thinking I messed up, but...
Forum: Australia
Feb 18th 2016, 12:02 pm
Replies: 453
Views: 95,666
Posted By astera

Re: Exchange rate AUD Vs GBP £1 buys $1.83

I mean tanks as in truly takes a dive like the one that happened in 2007-08.

http://finance.yahoo.com/echarts?s=%5Edji+interactive#{"range":"10y","allowChartStacking":true}

The Aussie Dollar...
Forum: Australia
Feb 18th 2016, 7:56 am
Replies: 453
Views: 95,666
Posted By astera

Re: Exchange rate AUD Vs GBP £1 buys $1.83

The next time the US stock market tanks the AUD will be testing a rate of 50 US cents to the AUD. Even then I'm not certain whether the RBA will intervene at this level or whether they'll let all the...
Forum: Australia
Jan 12th 2016, 10:13 am
Replies: 453
Views: 95,666
Posted By astera

Re: Exchange rate AUD Vs GBP £1 buys $1.83

""Sell everything except high quality bonds. This is about return of capital, not return on capital. In a crowded hall, exit doors are small."

Wow, those are quite strong words, but I certainly...
Forum: Australia
Jan 12th 2016, 9:55 am
Replies: 453
Views: 95,666
Posted By astera

Re: Exchange rate AUD Vs GBP £1 buys $1.83

I agree, and I think the best way to describe the differences is that with the AUD it's economic uncertainty that's in the way, whereas in the UK it's mostly about political uncertainty... which of...
Forum: Australia
Jan 12th 2016, 9:17 am
Replies: 453
Views: 95,666
Posted By astera

Re: Exchange rate AUD Vs GBP £1 buys $1.83

I don't see a bright future for the AUD with commodities taking a constant battering and no clear light at the end of the tunnel as to when things will turn around. Especially with China in trouble...
Forum: Australia
Oct 11th 2015, 12:54 am
Replies: 453
Views: 95,666
Posted By astera

Re: Exchange rate AUD Vs GBP £1 buys $1.83

I must admit I'm the "all eggs in one basket" person when it comes to currencies (for savings that is - always leaving some amounts in various currencies for transactions of course).

But overall...
Forum: Australia
Aug 25th 2015, 1:19 am
Replies: 453
Views: 95,666
Posted By astera

Re: Exchange rate AUD Vs GBP £1 buys $1.83

A thought just came to mind that the property market in Australia serves the same purpose as the stock market in the US. :) It's all about those capital gains and securing good returns for the future...
Forum: Australia
Aug 24th 2015, 7:33 am
Replies: 453
Views: 95,666
Posted By astera

Re: Exchange rate AUD Vs GBP £1 buys $1.83

Just hope the AUD follows suit and starts dipping again. Already into the low 0.72s vs the USD. :)
Forum: Australia
Aug 24th 2015, 7:21 am
Replies: 453
Views: 95,666
Posted By astera

Re: Exchange rate AUD Vs GBP £1 buys $1.83

Didn't China pump huge amounts of money to prop up the markets just recently? Seems like it hasn't stemmed the tide... wonder whether they'll continue to put the handbrake on to keep things calm.
Forum: Australia
Aug 12th 2015, 7:47 am
Replies: 453
Views: 95,666
Posted By astera

Re: Exchange rate AUD Vs GBP £1 buys $1.83

Anyone who clung onto the Aussie Dollar when it was above parity with the USD must have been mad. It had "SELL, SELL, SELL" written all over it.

It is still going to take a massive hit when either...
Forum: Australia
Aug 7th 2015, 8:31 am
Replies: 453
Views: 95,666
Posted By astera

Re: Exchange rate AUD Vs GBP £1 buys $1.83

Aren't they already hopping in and clearing out people's bank accounts that are inactive for 3 years? :)

Of course you can reclaim your money but still I find it shocking that they can just come...
Forum: Australia
Aug 7th 2015, 3:56 am
Replies: 453
Views: 95,666
Posted By astera

Re: Exchange rate AUD Vs GBP £1 buys $1.83

https://en.wikipedia.org/wiki/List_of_countries_by_sovereign_wealth_funds

And now compare Australia to Norway for example...
Forum: Australia
Aug 6th 2015, 11:31 am
Replies: 453
Views: 95,666
Posted By astera

Re: Exchange rate AUD Vs GBP £1 buys $1.83

Australia is in a bit of trouble as for a long while it relied on a gimmick resources economy whereby lots of people made lots of money "using shovels" so to speak and in return the proceeds that...
Forum: Australia
Jul 30th 2015, 1:28 pm
Replies: 453
Views: 95,666
Posted By astera

Re: Exchange rate AUD Vs GBP £1 buys $1.83

I might be underestimating it in fact. The Aussie Dollar is more prone, or even pretty much dependent, on outside factors. So even if the Aussie economy was the healthiest of all and had a super...
Forum: Australia
Jul 28th 2015, 8:12 am
Replies: 453
Views: 95,666
Posted By astera

Re: Exchange rate AUD Vs GBP £1 buys $1.83

All those crystal ball projections are based on one, big assumption: that the US stock market won't tank during this time. Of course nobody can make a protection that it will, and they still need to...
Forum: Australia
Jul 26th 2015, 9:22 am
Replies: 453
Views: 95,666
Posted By astera

Re: Exchange rate AUD Vs GBP £1 buys $1.83

Plus let's keep in mind that the last time around the AUD tanked due to what happened in the US with the stock market there collapsing rather spectacularly.

Right now the AUD is weak even though...
Forum: Australia
Jul 25th 2015, 3:13 am
Replies: 453
Views: 95,666
Posted By astera

Re: Exchange rate AUD Vs GBP £1 buys $1.83

What's interesting is that the AUD still has a bit to go before it reaches the lows of the super-crash (0.6369 US cents) that started in mid-2008 and only ended (or rather turned around) at the...
Forum: Australia
May 6th 2015, 10:29 am
Replies: 453
Views: 95,666
Posted By astera

Re: Exchange rate AUD Vs GBP £1 buys $1.83

True, and if a cut is already factored in then there should be no further fall. But here we have an unexplained rise, which I attribute mainly to a rise in commodity prices.

What is worrying is...
Showing results 1 to 19 of 19


 
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