Damn Aussie Dollar

[honer]

$0.88 USD now...

I was procrastinating buying a few grands worth of stuff (Getting greedy waiting it to go higher then $0.98 or whatever it was)

Question is now, do I buy at this rate or wait a bit and see if it creeps back up into the 90's ?

[trick_xd]

Buy now

Have ya found a good place to go through ?

[Dave_Waxit]

With all the talk of the RBA lowering interest rates and commodity prices going down the Aussie Dollar will probably head down as well.

Cheers
Dave.

PS: Please also note that when gambling on the exchange rate its harder to pick than the winner of a horse race.

[4Vman]

Let it crash, aussie manufacturing needs the leg up at the moment.

[Castlegreyskull]

honer, ive done exactly the same thing, looking at buying a shitload of parts fromt he US, and now im going to pay for it.

Thems the brakes i suppose, i will be buying mine in the next few days, cant see it going back up again.

[XYGTHO]

Originally Posted by Castlegreyskull

honer, ive done exactly the same thing, looking at buying a shitload of parts fromt he US, and now im going to pay for it.

Thems the brakes i suppose, i will be buying mine in the next few days, cant see it going back up again.

i'm in the same boat mate.

[DABOSS]

The aus dollar will settle around 78 to 82c mark, it's been trading for the last months as over priced to the USD. We're a hot cash country, and a parking spot for other's when there markets are .

But we will see the dollar drop to the levels above soon Id say, at least thats what the FX traders are saying.

[honer]

Originally Posted by 4Vman

Let it crash, aussie manufacturing needs the leg up at the moment.

honer needs go fast parts for his Windsor though

[Biggav]

to beat a certain LS1 i suppose which should be piece of p!ss haha

[xbgs351]

Wait until the RBA actually drops interest rates and then you will see the $A fall.

[gcg2503]

A lot of the expected interest rate drop has been factored into the current exchange rate by the market already

[Yellow_Festiva]

I finally cleaned out my back pack from my last trip and found a crisp new US$100 note! :

May hold it for a while I think :

[Peuty]

Mate, buy now. Who cares? A few extra bucks won't matter when you have a healthy Windsor!

[gcg2503]

If your only concern with fx is for parts acquisition form the States go ahead and buy.

I had to transfer GBP to AUD back a few years ago when I bought a house in melbourne.

Transferred at 2.32AUD for each 1.00GBP when I settled on the house...only to have the dollar weaken to 2.57 a few months later.....was not happy to say the least

Speculation has already started on the futures market WRT to Govt. bonds. The arbitrageurs are driving rates down already.

As any futures/money market trader would know, when rates go down the currency will depreciate.

The high exchange rate was fueled by the RBA setting the cash rate way too high. Make the most of it while you still can, the exchange rate will NOT get any better.

[Creampuff]

I am off to NZ shortly. the dollar is great for that holiday!! $1 gets $ 1.28 at the moment.

[Castlegreyskull]

Done all my transaction today. but i didnt think how much it will actually cost me in AUS $$

If it was $400 US, how do i work it out in AUS dollars at the current rate?

[bob^]

400/(aussie dollar)

$454 dollars at 88c

[XD 351 Ute]

Yeah, it's scary.
I have already saved $50 Aust by getting a part when it was up in the 90c's...

If you really want the parts, get them after double-checking any other local source.

Ed

[One Drone]

Just buy now if you have the cash. If you haven't and are going to get a loan anyway, then you're killing the savings obviously on the interest. I trade in currency and a lot of the currencys are losing value as the USD gains strength.