Aussie $ Dropping fast!

[Sugarglider]

I'm another vote for catching the commuter ferries. there are Captain Cook Cruises which cater for the tourists - but they are overpriced and and the view is exactly the same - it's not like they see something different!
another option is to go on the train across the Harbour Bridge and get off at Milsons Point on the north side and walk down to the water front. (5 mins max). there is a walkway along the harbour front - from Luna Park and all around Kirribilli and you can see the city lit up.
If you go to Taronga Zoo you'll see that the giraffes have that million dollar view of Sydney!
AUD staying strong this week

 

[shaz105]

Got a good rate today at UAE exchange $1.04

 

[Snickals]

The Aussie Dollar got up to $1.10 today!
Wonder how long it can stay high for...hopefully a while

 

[brettystar]

I get very excited every time the dollar rises. We go to NY May 26 then WDW May 30. Last time I went it was worth 80US cents so I am very happy at the moment.
I have put $2000 on my cash passport and only lost $40 which I think is great. I plan to get some more before I go but am waiting to see if it goes up much more.
It is predicted to drop a little now due to the OBL death according to the press.
gippaloo - we are sort of swapping - you coming to Sydney and me going to the US. Sing out if I can be of help to you

 

[shaz105]

Sorry brettystar but how did you loose $40

 

[brettystar]

Sorry brettystar but how did you loose $40

Oh just in conversion fee and bank fees - it was a month or so ago so not sure exactly what the rate was at the time

 

[shaz105]

ok

 

[darren123]

http://www.news.com.au/business/aus...u-savvas-savouri/story-fn6t6wad-1226052283978

Did you read this today

 

[dabecs]

that would be crazy

If it got to $1.70 after we got back from our big trip next year we would probably go again in 2014!

 

[kylieh]

I could see the likes of Qantas, Virgin, etc all finding ways to justify $3,000 at a minimum airfares to LA when the dollar is at $1.70.

 

[Snickals]

Wouldn't that be nice! The Aussie dollar at $1.70...not the airlines potentially putting the prices up.

 

[Sugarglider]

http://www.news.com.au/business/aus...u-savvas-savouri/story-fn6t6wad-1226052283978

Did you read this today

when you click on the link, calling the chap a "guru" makes me very nervous. Whilst it would be nice (I already am organising an 2014 trip) I dare not believe.

Peter Drucker once said: "We use the word 'guru' because the word 'charlatan' is too long for a byline"

 

[WAMUMOF4]

just think of how much less our trips would cost at $1.70 so much more money to spend
I was just saying to DH this morning if the American government were smart they would start subsidizing our airfares to get us there to spend more

 

[Ms. Shuttergirl]

http://www.news.com.au/business/aus...u-savvas-savouri/story-fn6t6wad-1226052283978

Did you read this today

Thanks for sharing this link Darren. I forwarded it to my husband yesterday and when he got home he said, well if the dollar starts moving that high, we'll definitely go again .

Yayay!!!!!!!!!!!!

 

[GrazingGoat1966]

There's as much chance of the Aussie Dollar hitting $1.70 as there is of Jools playing full forward for the Western Bulldogs............oops!!

Seriously though, if this "guru" correctly forecast the GFC, then he's worth listening to. But if he didn't then he's just some plonker trying to big note himself. With the 25 year average of the Aussie being 75c, any exchange now is 25-35c above the long term average so you're doing magnificently!!

 

[Sugarglider]

Last week the ABC Lateline Business had a "predictions" story where 5 "experts" predicted the dollar would be around the $1 point at calendar year end. Story opens with how last January they all got today's level wrong!
http://www.abc.net.au/lateline/business/items/201105/s3214381.htm
Based on easing in China and recovery and interest rate rise in the US.

Today, Head of Treasury - Dr Parkinson - did a press conf that said AUD would stay strong linking it to the strong trade with both China and Japan.

 

[WAMUMOF4]

Apparently the current round of quantitative easing by the American government is meant to end on June 30. Talking to our American friends last night the government are about to start in the next 30 days to manipulate the turn around in the $US because costs are staring to rise and it is a way for them to reduce their trillion dollar debt.
Here is the only article i could really find after googling for quite awhile

http://www.numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=19137

Take what you want out of it by no means am i a financial expert but i am grateful to our American friends for telling us because if this does happen well i'd rather be changing as much as i can in the next 30 days whilst we are getting more than a $ 4 a $ but it does make you wonder how much our government knows and why they refused to bring our $ down as was called for by exporters and manufactures.
I guess it is to easy for us to start to get used to the exchange rate and start to take it for granted

 

[HappyFingers]

I read that whole thing and he basically says that the perception that the quantative easing will end is a case of smoke and mirrors and that in fact another round is most likely already locked in

So what do we do ?
Buy more us currency and risk a us dollar collapse ?
Hold onto our au currency and wait and see ?

What happens if it collapses whilst we are over there, pushing the price of a happy meal up to $2000 with no toy due to cutbacks ?

I really don't know what to make of all this

If we are getting 1.50 for our dollar but prices go threw the roof due to a collapse then that's not good

Hmmmmmmm