Aussie dollar falling

niva*sis · 08-12-2014 1:34am

its not looking too good at the moment folks.
shoulda snapped it up at 70...
hope it goes some bit up in the next week as I want to transfer money for going home at Christmas.

jank · 08-12-2014 3:23am

Euro QE should begin in 2015, this will weaken the Euro but the AUD has taken a bit of a battering as well.

cnocbui · 09-12-2014 3:19pm

I'll believe QE out of that epic prevaricator, Draghi, when I see it.

It must be very annoying to be behind him in traffic with his habit of putting on his indicators 145 Km before making the actual turn.

Actually, on second thought, his rate of progress is such there is some danger civilisation may have crumbled and the road ahead turned to impassable ruin before he ever gets to the turn.

jank · 10-12-2014 1:29pm

Yes, Draghi seems to be playing us for fools but it seems there is a split in the ECB board over QE. Even talk that he will be replaced by someone who will tow the more conservative German line.

cnocbui · 11-12-2014 10:14am

If only the EU had more of that conservative German financial rigour based on events nearly a hundred years ago, the EU wouldn't be in the state is in now. All this financial liberalism we have been enduring has brought about ruin.

Or the opposite.

catbear · 11-12-2014 10:24am

Well whatever about the € the aus$ is strongly attactched to China and there's plenty of wobbles there today.

sin_city · 15-12-2014 4:18am

catbear wrote: »

Well whatever about the € the aus$ is strongly attactched to China and there's plenty of wobbles there today.

Massive deflation going on worldwide in certain resource sectors such as Oil, cement, iron ore….

Any resource based economy is suffering…Australia, Russia, Canada, etc.

People are choosing to buy US dollar and somehow the Euro is stronger.

Without a doubt long term both the US and Europe are fcuked but in the short term who knows?

Could go down to 60 cents or even lower….anything is possible.

Last time (and the only time) oil went this low so fast we had the 2008 crash a few months later.

Looks like the deflation is kicking in (which basically is the collapsing of the banking industry)

They will try to inflate as they have been doing and God knows where that will lead us..

I’d really expect anything to be possible.

Look at the chart 2007 and 2008 on oil and compare the Aussie Dollar during those years….

niva*sis · 16-12-2014 11:52pm

.65 today :eek:

catbear · 16-12-2014 11:57pm

Great if you're moving to OZ.

No6 · 17-12-2014 2:30pm

Not so hot for sending money home though!!!

catbear · 17-12-2014 4:47pm

No6 wrote: »

Not so hot for sending money home though!!!

This will be tough for some I know paying off mortgages in Ireland.

No6 · 18-12-2014 4:07am

Tell me about it, try paying a mortgage and putting a child through college!! :eek:

shadowcomplex · 20-12-2014 9:25am

catbear wrote: »

Great if you're moving to OZ.

Why

Shy Ted · 20-12-2014 11:41am

As you would have to transfer Euros to Aus Dollars.
The weaker the dollar, the more value you'll get on the euro.
http://www.xe.com/currencycharts/?from=AUD&to=EUR&view=1M

I'm heading out in the new year, and now's probably a good time for me to transfer money over.

aido79 · 20-12-2014 12:08pm

shadowcomplex wrote: »

Why

Because you get more Dollars for your Euro...

Mantis Toboggan · 21-12-2014 9:42am

I got 1000 dollars for 700 euro, is that good?

Batgurl · 21-12-2014 2:14pm

Tyson Fury wrote: »

I got 1000 dollars for 700 euro, is that good?

You got stung for about $50 by the looks of today's xe rate. Probably transfer fees if you used a bank.

You should have used currency fair.

shadowcomplex · 21-12-2014 7:41pm

aido79 wrote: »

Because you get more Dollars for your Euro...

That's only good for a 1 time payout

cnocbui · 22-12-2014 12:38am

shadowcomplex wrote: »

That's only good for a 1 time payout

Could you expound on your reasoning a bit as I am failing to get what you are on about.

catbear · 11-01-2015 1:13pm

Nice upswing in aus$.

niva*sis · 13-01-2015 4:03am

catbear wrote: »

Nice upswing in aus$.

True, would be nice to see it go above the 70c mark again.

cnocbui · 15-01-2015 2:05pm

The ozzie just strapped on a jet pack - up 2.1% to 0.7066
.
.
.
It's now gone through 0.71 - up 2.64%. Thank you SNB!

statina · 15-01-2015 10:56pm

Excellent- time to get transferring :-)

niva*sis · 16-01-2015 12:53am

This is great, thank you for keeping us updated!

niva*sis · 19-01-2015 12:52am

so who is tempted to transfer now or see what happens the next few days???

aido79 · 19-01-2015 1:24am

niva*sis wrote: »

so who is tempted to transfer now or see what happens the next few days???

Unless you have a massive amount to transfer it not going to make much difference in the next few days. Even if it changes by a couple of cent(which is highly unlikely) then it really isn't going to make a huge difference unless you are sending 10's of thousands. If the rate changes by 2 cent then that is still only a difference of €20 per $10,000.

aido79 · 19-01-2015 1:25am

niva*sis wrote: »

so who is tempted to transfer now or see what happens the next few days???

Unless you have a massive amount to transfer it not going to make much difference in the next few days. Even if it changes by a couple of cent(which is highly unlikely) then it really isn't going to make a huge difference unless you are sending 10's of thousands. If the rate changes by 2 cent then that is still only a difference of €20 per $10,000.

cnocbui · 19-01-2015 1:36am

A 2c change on 10K would save you €200 per 10K, I believe.

cnocbui · 19-01-2015 1:54am

niva*sis wrote: »

so who is tempted to transfer now or see what happens the next few days???

Well it has been rising steadily for a while now.

https://uk.finance.yahoo.com/echarts?s=AUDEUR%3DX#symbol=AUDEUR=X;range=1d

Click on the 1M tab.

I am not going to give financial advice beyond saying if you decide to transfer any significant amounts, at some point, do check the rate banks would offer you compared with other options like CurrencyFair and Ozforex. It might be worth checking out what is involved in registering with and using those or any alternatives prior to using them so you are in a position to act if you decide to.

aido79 · 19-01-2015 2:04am

cnocbui wrote: »

A 2c change on 10K would save you €200 per 10K, I believe.

Thanks for the correction...shouldn't try to do maths on Monday mornings:)

niva*sis · 19-01-2015 2:26am

cnocbui wrote: »

Well it has been rising steadily for a while now.

https://uk.finance.yahoo.com/echarts?s=AUDEUR%3DX#symbol=AUDEUR=X;range=1d

Click on the 1M tab.

I am not going to give financial advice beyond saying if you decide to transfer any significant amounts, at some point, do check the rate banks would offer you compared with other options like CurrencyFair and Ozforex. It might be worth checking out what is involved in registering with and using those or any alternatives prior to using them so you are in a position to act if you decide to.

Thanks for that, when I went home at Christmas the rate was only .66 so its great to see it go up. I have been using Currency Fair now for quite a while and they always give me a better rate than the bank when I transfer plus a cheap transfer fee is always a winner too. Anyway just wanted to know what people were thinking.

Thanks,

res ipsa · 24-01-2015 1:59pm

niva*sis wrote: »

Thanks for that, when I went home at Christmas the rate was only .66 so its great to see it go up. I have been using Currency Fair now for quite a while and they always give me a better rate than the bank when I transfer plus a cheap transfer fee is always a winner too. Anyway just wanted to know what people were thinking.

Thanks,

Buy USD and only change to euro when you have to.

catbear · 28-02-2015 1:15pm

Aus$ close to 70c€ again, hopefully the Greeks will throw another tantrum to push the aus$ up further.

catbear · 03-03-2015 12:55pm

Looks like we might breach 70c, come on Greece, throw another wobbler!!!

niva*sis · 04-03-2015 5:48am

wahoo time to get a ball of money ready to send home!!!

statina · 04-03-2015 10:31pm

It's .70 on currency fair :-)

Noo · 05-03-2015 12:43pm

Ive just set up currency fair to start changing some of my money back to euros while its hovering at .70, so for all those long time exchangers whats the best rate yous have seen, is .70 unusual?

catbear · 05-03-2015 4:48pm

Noo wrote: »

so for all those long time exchangers whats the best rate yous have seen, is .70 unusual?

Looking at the last year it's a good rate to catch.
http://www.xe.com/currencycharts/?from=AUD&to=EUR&view=1Y

I was hoping that Greece throwing a wobbler would push it to a .72c spike, but .70 is a good rate. I'm happy to send a lump at 70.

We actually mightn't get much more mileage out of Greece anyway, most people expect a Greek exit from the Euro these days so start watching for negative news from OZ to affect the rate more so. The jump of the last few days coincided with the Australian interest rate being held when most people were expecting it to be cut, if they dropped next month that might weaken the Aus$.

niva*sis · 06-03-2015 12:25am

Noo wrote: »

Ive just set up currency fair to start changing some of my money back to euros while its hovering at .70, so for all those long time exchangers whats the best rate yous have seen, is .70 unusual?

I think it was .71 earlier in the year but defo jump at the .70, I did.
Currency fair are excellent and only cost $4 to transfer.
If I transfer this morning it is in by AIB account the same night!

statina · 06-03-2015 1:32am

I usually transfer when it's .70, I've found over the past 6 months, it's v rarely gone above that but can drop a few cents quite quickly.

Currency fair is fantastic, can't give it enough praise

Dats_rite · 06-03-2015 1:59am

What effect will the ECB quantative easing measures on MOnday have do people think?

http://www.rte.ie/news/2015/0305/684618-ecb/

jank · 06-03-2015 2:46am

Mostly factored in id say. My advise get this rate now. RBA is going to reduce the interest in April.

Hasmunch · 06-03-2015 2:06pm

Just hit 0.7110 on Currency Fair.

I hope it stays like this for a week or two. I am expecting funds next week that i want to transfer to euro.

catbear · 06-03-2015 2:34pm

Hasmunch wrote: »

Just hit 0.7110 on Currency Fair.

I hope it stays like this for a week or two. I am expecting funds next week that i want to transfer to euro.

Great, I hope this strength holds until I'm ready to send my next lump across.

jank · 06-03-2015 3:29pm

US jobs numbers gave the euro a good tumble. Get on it now id say if you are a looking to move home in the next 6 months. Forward contract may be an option for some to lock in todays rate (minus a margin of course).

niva*sis · 13-03-2015 12:18am

its at .72 now!

Noo · 13-03-2015 3:37am

Aaaahhh I went too soon at .71!

Timistry · 14-03-2015 7:45pm

The exchange rate is great at the moment. I was here during the 80c+ days and I got greedy and complacent, even when it started to fall..

I think that the current rate is excellent but I have one reservation. I am going to head home at the end of the year but due to career aspirations I will probably end up in the UK. I don't want to be caught out by a double exchange so im inclined to leave 80% of my cash here. It's not much but it's what I gave.

Noo · 15-03-2015 2:50am

Timistry wrote:

I think that the current rate is excellent but I have one reservation. I am going to head home at the end of the year but due to career aspirations I will probably end up in the UK. I don't want to be caught out by a double exchange so im inclined to leave 80% of my cash here. It's not much but it's what I gave.

The rate is at about 50p for the dollar (I was looking to buy stuff online from uk, eh decided against it). I know you would know this already, but sucks for anyone returning to uk right now.

catbear · 15-03-2015 3:48pm

I'm in a similar boat timistry but I'm planning on only converting enough € to £ to get me started. Currencies fluctuate a lot, I have a chunk of us$ that I bought at $1.6 per € nearly a decade ago which I think I'll change to € soon as the us$ continues to strengthen.

While earning in a strengthening £ I'll probably buy €. Swings and roundabouts.

Aussie dollar falling

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