Falling!!! Help!!!

[Keith009]

Made my shopping overseas way more expensive....
But at least I've now restocked my toiletries supply....:mrgreen:

 

[v8Statesman]

Not sure that the rate cut of 1% is going to help either

Me either

(Bold Prediction)

Watch the AUD fall into the sixties by the weeks end!

(/Bold Prediction)

 

[v8Statesman]

Yesterday afternoon (I typed this into a spreadsheet)
1.00 AUD = 1.107 SGD

"A Dollar and Ten" is a but only a dream at the moment

 

[Flashback]

This is starting to make my shopping trip to SIN in December look not so good At least I got my airfare (PER-SIN-PER) for $300 return inc. taxes!

 

[serfty]

As I posted on another thread:

Very little now, the devaluation has already happened (methinks there was a leak last night) USD0.725 ...

 

[docjames]

Me either

(Bold Prediction)

Watch the AUD fall into the sixties by the weeks end!

(/Bold Prediction)

I dont know that that is so much a bold prediction

 

[mr_greg444]

The Australian Dollar is influence by many factors - Economy stability, Oil, the US Economy, but the main factor is interest rates.

The lower our interest rate becomes, the less people will want to invest in the Australian banks, which means our the demand for the AUD falls. Less Demand means the value of our dollar will decrease. The Resever bank has announce and up coming interest rate reduction which was approved today with a decrease of 1%.

I may be wrong, but i that is the main cause.

 

[dajop]

The Australian Dollar is influence by many factors - Economy stability, Oil, the US Economy, but the main factor is interest rates.

Interest rates and commodity prices. It would be interesting to do a regression of the AUD against some of the key commodities.

I work for a US listed company in the agricultural sector and it is uncanny how often I can predict the direction (if not the magnitude) of our overnight share price movement by looking what's happened to the AUD overnight (or vice versa). Since we peaked (at the same time the AUD it 0.98) we've dropped back about 35%. And last night, during which the AUD went from 0.77 to 0.71 we also dropped 10%.

 

[v8Statesman]

I looked at rates today in a Shopping Mall (I know bad place to buy)

1AUD=0.944SGD.

I am hoping someone reading this was in Singapore today and saw what they are selling SGD for.

 

[drron]

Commodity prices,interest rates,share prices-all of peripheral importance.
Its all about the drron travel index as I keep pointing out.there will be a correction in the $A at months end-possibly hitting 80c again.
In december as i pack my bags again it will plummet into the 60s.Stabilise at years end,maybe stage a rally in the New year then head south next Easter.
And I bet those predictions have as much chance being right as any economist's.

 

[JohnK]

I have just noticed the exchange rate of the A$ to the Thai baht is 25:1. Not that long ago it was over 31:1. :shock:

I am almost certain that the people in the know can justify that the Thai baht has appreciated 20% against the A$ in this time. From my observation nothing in Thailand has changed, even remotely, to justify this change. Or is it all just sh@te....

 

[v8Statesman]

Isn't the Thai baht fixed against the US$? Or is that the Malaysian Ringit?

 

[dajop]

I have just noticed the exchange rate of the A$ to the Thai baht is 25:1. Not that long ago it was over 31:1. :shock:

I am almost certain that the people in the know can justify that the Thai baht has appreciated 20% against the A$ in this time. From my observation nothing in Thailand has changed, even remotely, to justify this change. Or is it all just sh@te....

You'll also notice that just about every currency in the world has done the same. The most notable exceptions are the Brazilian Real (commodity linkage again coming through) and of course the Zimbabwe Dollar (good to know the sort of company the AUD now keeps!)

I'm with drron on this, predictions/methodology as good as any.

 

[oz_mark]

I have just noticed the exchange rate of the A$ to the Thai baht is 25:1. Not that long ago it was over 31:1. :shock:

I am almost certain that the people in the know can justify that the Thai baht has appreciated 20% against the A$ in this time. From my observation nothing in Thailand has changed, even remotely, to justify this change. Or is it all just sh@te....

Not the Baht appreciating, more the Aussie dollar depreciating with great rapidness.

 

[Shano]

Isn't the Thai baht fixed against the US$? Or is that the Malaysian Ringit?

I believe that the Ringgit used to be pegged to the US$. The Malaysian Government still keeps fairly tight control over the currency to try and prevent too much speculation.

The AUD has also depreciated about 25% against the MYR.

 

[kpc]

I believe that the Ringgit used to be pegged to the US$. The Malaysian Government still keeps fairly tight control over the currency to try and prevent too much speculation.

The AUD has also depreciated about 25% against the MYR.

Tell me about it. When I was in Kul in July, the exchange rate was AUD$1 to RM 3.17; now it is is 2.60, and falling!!:evil: When I was in Kul in Jul, I thought I would change some extra AUD$ into RM 1000 as I have a trip back there in Dec. How I wished I had changed a lot more!!

I will also be in Thailand in Dec, and I also have noted JohnK's observation that the the AUD is falling very fast against the THB as well. My cheap trip is getting more and more expensive by the hour!!!

 

[Shano]

Tell me about it. When I was in Kul in July, the exchange rate was AUD$1 to RM 3.17; now it is is 2.60, and falling!!:evil:

How does 2.48 sound...

 

[dajop]

I will also be in Thailand in Dec, and I also have noted JohnK's observation that the the AUD is falling very fast against the THB as well. My cheap trip is getting more and more expensive by the hour!!!

I wouldn't be too concerned, I imagine between the whole global financial crisis thing and ongoing political issues in Thailand, demand may be suppressed and some of the big ticket items such as accommmodation might even drop in price (in THB/USD) and therefore stay the same in AUD. (unless you have of course locked in hotel rates and not prepaid). Even at 1 AUD=15 THB I'd still rate Thailand as reasonable value!!

 

[Tortuga]

As long as the Euro stays strong I am happy :evil: Hopefully the market recovers over the next few years.

 

[thegurio]

Commodity prices,interest rates,share prices-all of peripheral importance.
Its all about the drron travel index as I keep pointing out.there will be a correction in the $A at months end-possibly hitting 80c again.
In december as i pack my bags again it will plummet into the 60s.Stabilise at years end,maybe stage a rally in the New year then head south next Easter.
And I bet those predictions have as much chance being right as any economist's.

Absolute Gold! I thik i'll look for that one next round of price checking. Is the ticker DRT?

As I posted on another thread: Quote:
Originally Posted by serfty
Very little now, the devaluation has already happened (methinks there was a leak last night) USD0.725 ...

Thanks for this Serfty, That will go on my daily checklist... Never seen that one before