Warning - Media and Gov talking dollar down!

Discussion in 'Australia' started by marvel, May 16, 2013.

  1. marvel

    marvel DIS Veteran

    Joined:
    Dec 1, 2004
    Messages:
    967
    Just been reading about our poor dollar, and it looks to me that a combined effort of Gov policy and media are going to cause it to get pummelled. some predicting it will be around 93c by July this year !! that's scary, that means and exchange rate of 88c.

    If you have any spare travelling cash, may be a good idea to convert now. :confused3
     
  2. Avatar

    Google AdSense Guest Advertisement


    to hide this advert.
  3. aussie shaz

    aussie shaz DIS Veteran

    Joined:
    Feb 20, 2011
    Messages:
    605
    We leave tomorrow and I'm watching it dive day by day. Not too happy!
     
  4. WanderlustNZ

    WanderlustNZ DIS Veteran

    Joined:
    Oct 13, 2012
    Messages:
    2,695
    The same thing seems to be happening to the NZ dollar.
    I feel selfish feeling annoyed as it's great news for NZ exporters. I just wish I had everything paid off.
     
  5. aussietravellers

    aussietravellers <font color=blue>who LOVE disney holidays!<font co

    Joined:
    Jul 18, 2008
    Messages:
    3,690
    We go next week and I haven't changed our money yet! Not happy about this! Trust it to go down just as our trip begins :sad: :headache:
     
  6. Lewdannie

    Lewdannie Mouseketeer

    Joined:
    Dec 31, 2011
    Messages:
    218
    Annoyed, I agree.

    But is not as bad as my first trip to Disneyland in '99.
    Then the dollar was 0.56c

    Still had a great time.
     
  7. WAMUMOF4

    WAMUMOF4 DIS Veteran

    Joined:
    Feb 10, 2011
    Messages:
    1,892
    That's just great for us travelers isn't it :eek:
     
  8. Miss Red

    Miss Red Earning My Ears

    Joined:
    Sep 21, 2009
    Messages:
    33
    I haven't changed any money for my trip in August yet and have watched the dollar fall, hoping and praying it would go back up, but nope keeps going down.

    Might go order my cash next week before it drops any lower
     
  9. marvel

    marvel DIS Veteran

    Joined:
    Dec 1, 2004
    Messages:
    967
    We got used to being equal so it starts to hurt when it get to the 90's. we're not traveling anytime time soon but still want to lock in some US cash for the future. The media have been relentless in pushing it down each day.
     
  10. LisaAJ

    LisaAJ Mouseketeer

    Joined:
    Sep 1, 2012
    Messages:
    384
    I just bought a travel card an dumped most of my savings on it this afternoon. I figure I will hedge my bets by having it locked in. I honestly think its going to keep coming down now :(
     
  11. LisaAJ

    LisaAJ Mouseketeer

    Joined:
    Sep 1, 2012
    Messages:
    384
    Lewdannie, my last trip (12 yrs ago) the dollar was 48c - it was terrible! In starting to think the US doesn't like me visiting! By the end of next year it will probably be awful!
     
  12. marvel

    marvel DIS Veteran

    Joined:
    Dec 1, 2004
    Messages:
    967
    Bad news, the dollar keeps coming down, lost another 2c today and media is backing it to drop to to 95c in the next week or so, making the exchange rate close to 90c. :crazy2:
     
  13. 5ofus

    5ofus DIS Veteran

    Joined:
    Oct 6, 2010
    Messages:
    944
    Eek! Glad we got our travel card earlier this week, but we'll need to convert some more money yet :(
     
  14. zanzibar138

    zanzibar138 DIS Veteran

    Joined:
    Jun 30, 2007
    Messages:
    3,669
    I'm hopeful that it won't drop too much before September 2014 ;) But I think we have been spoiled with such a great exchange rate for a couple of years - it's been good while it lasted :goodvibes Hopefully we're past the days of REALLY low exchange rates for good though!
     
  15. alicia1506

    alicia1506 DIS Veteran

    Joined:
    Aug 26, 2011
    Messages:
    2,004
    i've heard reports it might be back up to parity by the end of the year.

    ...


    ...

    we shall see.

    to be honest, while the media plays a role, i think it has more to do with foreign investment on a macro-economic scale and the movements in asia and the usa, so will be keeping a close eye on it in the coming months...

    besides, i budget our trips around an exchange rate of 90c anyway, so i'm quietly confident it should creep back up a little in the coming months...
     
  16. viaggiamo

    viaggiamo Mouseketeer

    Joined:
    Jan 26, 2012
    Messages:
    201
    We are not going until December, so I am unsure of what to do. I am hoping that after the election in September it will start to move up again. Am I just hopeful?

    This year we have taken advantage of the great cancellation policies in the USA and have booked afew options of hotels. So I have not prepaid. :sad2:

    I am debating whether to go and get some cash...

    What are you guys doing?
     
  17. platypus67

    platypus67 Mouseketeer

    Joined:
    May 22, 2007
    Messages:
    408
    I'm going in Dec as well but have decided to wait a little longer before getting our cash or paying for our WDW package.

    Whether it's the right decision, only time will tell...
     
  18. Luisa

    Luisa Mouseketeer

    Joined:
    Jun 29, 2009
    Messages:
    439
    The prediction I got at work today from the money market guys was it looks like a steady decline to 92c in December. Due to cash flow dramas I've only started exchanging mine this week, but I've always said anything over 90c is a bonus so I'm not too upset about the drop.

    Sent from my iPad using DISBoards
     
  19. LeanneDownUnder

    LeanneDownUnder Earning My Ears

    Joined:
    May 1, 2013
    Messages:
    56
    My trip is September so I started to move some of my funds into US dollars yesterday (not everything I'm kind of sitting of the fence) and I paid for all my big ticket items this week.
    Who knows if it will be right or wrong but the Aussie elections will not effect my trip as we leave the week after it.
     
  20. marvel

    marvel DIS Veteran

    Joined:
    Dec 1, 2004
    Messages:
    967
    hope people stocked up earlier, the dollar is getting hammered again.

    :worried:
     
  21. Marlea98

    Marlea98 DIS Veteran

    Joined:
    Oct 21, 2011
    Messages:
    2,115
    :( I haven't but I really ought to. Darn this on-call casual work nonsense that isn't playing nice with me this year :(
     

Share This Page