RIP aussie dollar

[Ms. Shuttergirl]

Okay I think I'm going to have to start exchanging some money and paying for things. This is freaking me out.

 

[australiankaren]

oh well......as long as the reserve drops rates again this month...find out tomorrow..fingers crossed

 

[becpee]

oh well......as long as the reserve drops rates again this month...find out tomorrow..fingers crossed

That'd be nice, would save me more than the higher exchange LOL

 

[australiankaren]

That'd be nice, would save me more than the higher exchange LOL

so true.......

 

[ExcitedSam]

Word around town is .25 but you never know, it could be more! If they drop it though the $ will fall too won't it? Might have to exchange the remainder now. Either way put myself out of my misery with all this wondering and speculation

 

[becpee]

Word around town is .25 but you never know, it could be more! If they drop it though the $ will fall too won't it? Might have to exchange the remainder now. Either way put myself out of my misery with all this wondering and speculation

I've heard .50% which (if passed on) would be amazing.
I got a letter from my bank today, dated May 25 about a drop in interest rates that will be taking place in July sometime...

Nice of them to pass on a cut in a timely manner, i'm going to start shopping around I think

 

[WAMUMOF4]

Word around town is .25 but you never know, it could be more! If they drop it though the $ will fall too won't it? Might have to exchange the remainder now. Either way put myself out of my misery with all this wondering and speculation

Yep if they drop interests rates the $ drops it usually recovers in a week or so but that's not what happened this month

 

[DizOz]

IT shouldn't matter too much if they cut the rate today by 25 bps as it has already been factored into the value of the Australian Dollar.

I remember our first trip we got 66 cents even our last trip we got 85 cents. So anything close to 90 cents is better than we have had in the past.

At an economic briefing last week held by the NAB they had valued the dollar at 90 cents. Not that they are saying that is where it will head but in their opinion at the moment it was over valued. At that briefing they showed economist prediction of the offical interest rates from 12 months ago and no one got closer than 1%.

My suggestion is don't worry about predicting the dollar. Ask 10 experts and you will get 10 different answers. Buy your dollars when it suits you and relax and enjoy your trip.

 

[australiankaren]

hopeing the reserve drops 50 today...my mortgage will be so happy...

 

[BecBennett]

Just dropped by .25

Fingers crossed now the banks will pass it on... Or pass something on at least...

 

[australiankaren]

Just dropped by .25

Fingers crossed now the banks will pass it on... Or pass something on at least...

Oh yeah baby!!!!!
even .20 would be nice...but it'll prob be .15 ish..oh well, better than a poke in the eye with a blunt stick

 

[becpee]

Just dropped by .25

Fingers crossed now the banks will pass it on... Or pass something on at least...

Mine will review it, then maybe pass on half of that in about 3 months...

 

[ExcitedSam]

I have been stalking the $$ all day and it actually went up almost 1c around lunch time.

I'm hoping the banks pass on in full, but with BOQ on giving .20 I'd say the rest will do the same or less. scumbags!

 

[BecBennett]

better than a poke in the eye with a blunt stick

Yeah it would be better then that, but personally I think that's all we'll be getting...

Quick cover your eyes!!

 

[australiankaren]

yeah... there's a lot of one eyed mortgage holders..

I think the big 4 will do 0.15 - 0.20, no way will they pass on the full cut....

in the last year the reserve has cut interest rates by 1%, the bank has passed on 0.8%......so on that average I think it will be 0.2 this time around.

and with the oz dollar going back up..win win for all of us (unless your a self funded retire'..then your screwed again).

 

[becpee]

yeah... there's a lot of one eyed mortgage holders..

I think the big 4 will do 0.15 - 0.20, no way will they pass on the full cut....

in the last year the reserve has cut interest rates by 1%, the bank has passed on 0.8%......so on that average I think it will be 0.2 this time around.

and with the oz dollar going back up..win win for all of us (unless your a self funded retire'..then your screwed again).

Have to laugh, Wayne Swan says "There is no reason your bank shouldn't pass on the full 1/4%"

LOL

You know what the banks say to you mate?

"What ya gonna do about it?"

 

[australiankaren]

Have to laugh, Wayne Swan says "There is no reason your bank shouldn't pass on the full 1/4%"

LOL

You know what the banks say to you mate?

"What ya gonna do about it?"

you forgot the "na na na na na" with thumb on nose..

seriously, these politicians are so far out of the loop its really not very funny any more..there's only so much mocking you can do before you get twitchy

 

[becpee]

you forgot the "na na na na na" with thumb on nose..

seriously, these politicians are so far out of the loop its really not very funny any more..there's only so much mocking you can do before you get twitchy

I was gonna do that too

 

[australiankaren]

I was gonna do that too

thought so

 

[australiankaren]

1.00 AUD = 0.971850 USD

close of business today

she's going back up