Warning - Media and Gov talking dollar down!

[coco392]

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

 

[WanderlustNZ]

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.

 

[PrincessInOz]

Sorry Wanderlust.


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?

 

[WanderlustNZ]

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!

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.

 

[WAMUMOF4]

And it just gets worse each day .93567

 

[kylieh]

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.

 

[kylieh]

92. Sigh. :-(

 

[PrincessInOz]

92. Sigh. :-(

 

[sarahswims]

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

 

[Marlea98]

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

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[Marlea98]

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

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

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