Falling!!! Help!!!

[kpc]

The AUD has dropped / is still dropping significantly against just about every currency incl the NZD, EUR and all the Asian currencies in the last week or so:shock:!!!

O/S travel has just gone up between 5-10% for just about every overseas destination:evil:

 

[JohnK]

Not too concerned about it all but considering that Thailand is a mess right now our dollar is the one in freefall. I will be there in 3 weeks time and my AUD2,000 is going to be buying THB4,000-6,000 less than a few weeks ago.

THB6000 would come close to covering my accom for a couple of nights in parts of Thailand, so yeah, it is a significant amount.

The cost of my accommodation for the 12 nights is THB8,400. Effectively the drop in the AUD has doubled my the cost of my accommodation.

How? 1 AUD is worth more than 13.5 THB! (Half of the 27 I was getting last week)

I think there is a cryptic clue in there somewhere.

 

[Alanslegal]

In fear of the AUD dropping further I have bitten the bullet and purchased some USD at 0.8275 today. I know it's not as good as 0.90+ earlier in the month but at least they are better than the rates I have been getting on my last 5 trips to the USA.

 

[Mal]

Will it hit 80c?

Current rates on xe.com
$A to $US 0.81697
$A to Pound: 0.57318

 

[drron]

Will it hit 80c?

Current rates on xe.com
$A to $US 0.81697
$A to Pound: 0.57318

Or maybe 70c:shock:

 

[kpc]

Or maybe 70c:shock:

:evil::evil::evil::evil:.... i fear this may not be impossible!

 

[levelnine]

It is of great concern that the dollar does not appear to be hitting any resistance at the moment. Rather it continues to fall without abatement. Who knows where it will stop? The economic and other indicators all point towards it falling much further.

I lost over $1500 due to the exchange market variations yesterday alone! Over $5000 this month. What terrible timing on my part.

 

[JohnK]

And with all of that said and done a slight reprieve for the AUD.

Back up over USD 82c.

 

[NM]

Spooked foreign investors smash Aussie dollar

From News.com.au:

SPOOKED foreign investors are hurling the Australia dollar over a cliff as they search for a safer nation to park their cash.

In one of the biggest five-day slides in its history, the dollar fell almost 8 per cent to US83c and is now a staggering 12 per cent off its April highs, causing headaches for importers and travellers heading overseas.

 

[straitman]

Re: Spooked foreign investors smash Aussie dollar

From News.com.au:


SPOOKED foreign investors are hurling the Australia dollar over a cliff as they search for a safer nation to park their cash.

In one of the biggest five-day slides in its history, the dollar fell almost 8 per cent to US83c and is now a staggering 12 per cent off its April highs, causing headaches for importers and travellers heading overseas.

I don't think it is just the foreign investors that are spooked.

 

[kpc]

the AUD is fighting back....now USD0.85:!:

 

[trooper]

... I took the blame for the drop.. so now I'll take the credit for the sudden small rise...

I booked and paid for my next trip (priced in USD of course) on Wednesday....

So NATURALLY the AUD had to bounce back... AFTER that! :shock::mrgreen:

 

[simongr]

Hmm -stil lnot sure how this impacts my iPad purchase decision. Just about to head to the UK followed by the US.

Still .85 is not a bad exchange rate for shopping in the US...

 

[NM]

Hmm -stil lnot sure how this impacts my iPad purchase decision. Just about to head to the UK followed by the US.

Still .85 is not a bad exchange rate for shopping in the US...

Of course if you purchase in Australia you can claim back the GST at the airport under the TRS, which may make an AU purchase a little more attractive ... and you can use it on the outbound flight.

 

[simongr]

Already overseas. And based on my analysis the cheapest place to purchase is in the UK under the VAT refund scheme for tourists - though I am not sure I ill be able to find an iPad for sale in London

 

[v8Statesman]

the AUD is fighting back....now USD0.85:!:

Not bad I looked at about 9pm WST last night and it was at 0.8399

 

[v8Statesman]

... I took the blame for the drop.. so now I'll take the credit for the sudden small rise...

I booked and paid for my next trip (priced in USD of course) on Wednesday....

So NATURALLY the AUD had to bounce back... AFTER that! :shock::mrgreen:

I feel smug in my US$1,100 purchase last month at 0.89. Just wish I bought more!

 

[drron]

And only 5.51RMB at PVG today compared to 6.36 last time we were here.

 

[cove]

Now that we have seen 90's then 80 then 85 last night for the US dollar I guess you would have to say "What a Bargain!" rather than think "If only....."
Both European and US shopping are still big standouts compared with the prices in Australia.

 

[kpc]

AUD back to USD 0.884, Euro 0.712 GBP 0.594

talk about roller coaster month...