Currency watchers - is it a good time to convert US$ to AUS$?

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  • CunningStunt
    Confirmed User
    • Aug 2006
    • 5594
    #1

    Currency watchers - is it a good time to convert US$ to AUS$?

    Looks like the AUS$ is weakening again against the US$: http://www.exchange-rates.org/history/USD/AUD/G/180

    I want to close an offshore account and bring in some savings to Australia. Is now a good time or should I wait a bit more to see how much it drops?
    Tags: None
    • The Demon
      Confirmed User
      • Apr 2003
      • 7336
      #2
      Originally posted by CunningStunt
      Looks like the AUS$ is weakening again against the US$: http://www.exchange-rates.org/history/USD/AUD/G/180

      I want to close an offshore account and bring in some savings to Australia. Is now a good time or should I wait a bit more to see how much it drops?
      It's temporary. believe me, the Aussie dollar will strengthen against the US dollar. If I were you I'd go with the Brazilian Real or Norwegian Krone.
      Greed is Good

        Comment

        • CunningStunt
          Confirmed User
          • Aug 2006
          • 5594
          #3
          I need to bring it in to Australia, in Australian dollars. I am not speculating, I want the $ in my hands!

            Comment

            • Aka_Bluey
              Confirmed User
              • Sep 2007
              • 631
              #4
              Bring back the days of the aussie $0.60AUD and lower.

              We don't know how these puckers come up with their figures, been watching this page for a while and god we hope they are wrong. They forecast the AUD to stay in the low to mid $0.90's to July 2010. Might be a little "We Speculate You Decide" type of forecast. Over the last few years they have been all over the place.

              http://www.forecasts.org/ausd.htm

              Where abouts in Aus are you CunningStunt?
              Things that make ya go hmmmm....

                Comment

                • CunningStunt
                  Confirmed User
                  • Aug 2006
                  • 5594
                  #5
                  I'm an hour south of Sydney. It's god's country down here! How about yourself?

                  Yes, when I started this game it was around the 0.60 mark. It's alarming just how much the US fucked themselves up economy wise, and the knock on is my income has effectively dropped by about 40%, just on currency shifts alone. It's a big kick in the nads during tough times.

                    Comment

                    • Aka_Bluey
                      Confirmed User
                      • Sep 2007
                      • 631
                      #6
                      An hour south of Sydney sounds like a good place to be this time of year. We are a few hours west of Townsville in Nth Qld, hot as puck here today 36+ and signs of rain this sarv.

                      Yes i hear you on the US economy, here's to better days in 2010.
                      Things that make ya go hmmmm....

                        Comment

                        • fatfoo
                          ICQ:649699063
                          • Mar 2003
                          • 27763
                          #7
                          I only know one thing:

                          More money = better
                          Send me an email: [email protected]

                            Comment

                            • slapass
                              Too lazy to set a custom title
                              • Nov 2002
                              • 14625
                              #8
                              Originally posted by The Demon
                              It's temporary. believe me, the Aussie dollar will strengthen against the US dollar. If I were you I'd go with the Brazilian Real or Norwegian Krone.
                              Buying some reals next week so nice hear that as an opinion.

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