Warning - Media and Gov talking dollar down!

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

  1. coco392

    coco392 Mouseketeer

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    just paid now- wish I had taken my own advice and paid two weeks ago. might use the visa a bit tonight
     
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  3. WanderlustNZ

    WanderlustNZ DIS Veteran

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    Watching both of our dollars continue to slide is so depressing.

    I was thinking of changing about $800 today and just worked out that it's going to cost me close to $50 more than it would have about a month ago.
     
  4. PrincessInOz

    PrincessInOz Thanks for my avatar, Mary Jo!

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    Sorry Wanderlust. :flower3:


    The problem with playing currency converter is you don't know whether it will cost you $50 more or $50 less in another month's time!

    Anyone have a crystal ball?
     
  5. WanderlustNZ

    WanderlustNZ DIS Veteran

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    Exactly. I also need that crystal ball.

    I can't really complain as I managed to pay for the majority of my trip while the dollar was really high. However, I check each day, waiting for it to start going back up again, but it just seems to be heading down. I took my chances and got $600 worth of Disney gift cards today just incase it continues to go downwards. I pretty much have all food and drink expenses sorted now, I just need to work out what I'm going to do about shopping money - convert to US $ asap or just put all shopping on the credit card and gamble with the exchange rate at the time of travel.
     
  6. WAMUMOF4

    WAMUMOF4 DIS Veteran

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    And it just gets worse each day .93567:sad::sad::sad:
     
  7. kylieh

    kylieh DIS Veteran

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    If you're carrying a credit card balance of any kind, esp with a 15%+ interest rate you may be better putting the money there for 7 months + depending on how far you feel the $$ will drop.

    For example, this is really simple and I'm ignoring commissions because it's too hard at this time of night...

    AU$1000 = US$935 - dollar drop to say 85 would be US$850, $85 less than today.

    Credit card interest at 15% over 7 months = $1000 * 15% / 12 * 7 = $87.50

    Aaah to have a crystal ball.
     
  8. kylieh

    kylieh DIS Veteran

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    92. Sigh. :-(
     
  9. PrincessInOz

    PrincessInOz Thanks for my avatar, Mary Jo!

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    :sad1:
     
  10. sarahswims

    sarahswims Earning My Ears

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    :sad2:
    I'm heading off in a month and am considering changing some cash tomorrow.
    I know nothing of finance, here's hoping its the right move
    *fingers crossed
     
  11. Marlea98

    Marlea98 DIS Veteran

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    I spent $500AUS to get $455US on my cash passport today :(

    Sent from my iPhone using DISBoards
     
  12. Marlea98

    Marlea98 DIS Veteran

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    Fingers, toes and eyes crossed tightly for you. And the rest of us heading off with substandard AUS$ :(

    Sent from my iPhone using DISBoards
     

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