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Forum: Australia

Sep 22nd 2010, 7:33 pm

Replies: 2,577

1.93's A$ to the Pound!!!

Views: 335,552

Posted By Budawang

Re: 1.93's A$ to the Pound!!!

Australia is becoming much like Switzerland which has had a very strong currency for more than two decades. I moved there in the eighties when it was 1AUD for 2SFR. Three years later when I left it...

Forum: Australia

Mar 10th 2010, 12:44 pm

Replies: 2,577

1.93's A$ to the Pound!!!

Views: 335,552

Posted By Budawang

Re: 1.93's A$ to the Pound!!!

Sure, there may be a lag. However, cheap labour brought about by a devalued currency will only help so much. There are many other factors to consider such as economic and political stability and a...

Forum: Australia

Mar 10th 2010, 9:47 am

Replies: 2,577

1.93's A$ to the Pound!!!

Views: 335,552

Posted By Budawang

Re: 1.93's A$ to the Pound!!!

[QUOTE=jad n rich;8409044]Probably not often :blink:

Am considering tranfering a chunk of OZ money to UK, even if we never buy a house there, its my guess the exchange rate wont stay like this and...

Forum: Australia

Mar 10th 2010, 7:53 am

Replies: 2,577

1.93's A$ to the Pound!!!

Views: 335,552

Posted By Budawang

Re: 1.93's A$ to the Pound!!!

Yes, but you'd have to live in the UK. Considering the prospect of spiralling government debt over there, you can bet taxes are going to go up and public services and infrastructure will be in...

Forum: Australia

Feb 28th 2010, 11:44 pm

Replies: 2,577

1.93's A$ to the Pound!!!

Views: 335,552

Posted By Budawang

Re: 1.69 to the pound!!!!

And that will only buy you a half decent house in Sydney :eek:

Forum: Australia

Feb 24th 2010, 8:10 pm

Replies: 2,577

1.93's A$ to the Pound!!!

Views: 335,552

Posted By Budawang

Re: $US 1.05 to the Pound

The Swiss Franc is still very strong as Switzerland is seen as a safe haven. Unlike the UK, their banks were much more conservative than The City and they weathered the GFC quite well. No comparison...

Forum: Australia

Feb 24th 2010, 7:34 pm

Replies: 2,577

1.93's A$ to the Pound!!!

Views: 335,552

Posted By Budawang

$US 1.05 to the Pound

Here's something to scare holders of Pound denominated assets:

http://www.telegraph.co.uk/finance/currency/7307279/Pound-faces-a-savage-reaction-if-deficit-cut-too-aggressively-UBS-warns.html

I...

Forum: Australia

Feb 24th 2010, 7:26 pm

Replies: 2,577

1.93's A$ to the Pound!!!

Views: 335,552

Posted By Budawang

The STUPID countries

First we had the PIIGS and now we have the STUPID countries. This is the acronym that economic commentators and traders are now using to refer to Spain, Turkey, United Kingdom, Portugal, Italy and...

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