The Aussie Dollar - GoFuckYourself.com

Wade · 07-03-2003, 07:09 PM

Go down you little bastard!

Apparently the US dollar is still "over valued" and we will only see the Aussie surge higher over the next few months.

jact · 07-03-2003, 07:10 PM

What needs to happen is the US dollar get as over-valued as it once was and more...

Sharky · 07-03-2003, 07:12 PM

Does this mean you'll have to start charging more for design:-)

J/k.

One of my employees is in Australia...
She does great work.. and is taking a pay cut due to the current value of the dollar. Same salary from me.. less $$ for her:-(

Wade · 07-03-2003, 07:15 PM

Hey Sharky

I know how she feels, all of us Aussies are going through the same thing. Have to take the good with the bad though, we had a great run with it at around 50cents for good stretch of time, now its 68cents and it sucks.

Joe Sixpack · 07-03-2003, 07:21 PM

Look at the little bastard go!

Pointless · 07-03-2003, 07:26 PM

BlueDesignStudios · 07-03-2003, 07:41 PM

Quote:

Originally posted by Joe Sixpack
Look at the little bastard go!

Fuck that's a very sharp curve

If only my profit graph looked like that

chodadog · 07-03-2003, 08:02 PM

I'm gonna monitor the AU dollar over the next month or two. If it starts to level out, i'm gonna convert all my AU dollars into US dollars. And then convert it back when the US dollar recovers. Booyah.

Wade · 07-03-2003, 08:10 PM

Quote:

Originally posted by chodadog
I'm gonna monitor the AU dollar over the next month or two. If it starts to level out, i'm gonna convert all my AU dollars into US dollars. And then convert it back when the US dollar recovers. Booyah.

Not a bad idea, ecspecially if it reaches a point that it can not maintain. Like when it was at 48cents, there was no way it would stay there, same as if hit 75+cents it probably can not maintain it for any great length of time.

I dont think we will see it take a nose dive for a while though, our interest rates arent moving, the enconomy is doing alright and US is still trying to recover. Could be a long wait

chodadog · 07-03-2003, 08:14 PM

Quote:

Originally posted by Wade
I dont think we will see it take a nose dive for a while though, our interest rates arent moving, the enconomy is doing alright and US is still trying to recover. Could be a long wait

Yeah, they haven't changed for something like 12 months. But when they do, i think it's gonna up the Australian dollar by a few cents very quickly.

kad · 07-03-2003, 08:16 PM

I no longer take contract work (except from exisiting clients) for this reason. Not only is the Dollar at 68c, but gaypal convert it at 2c higher than the market crossrate, and at 70c, most of the time its not worth it.

Ive just taken a job locally, you can all expect an annoucement soon

Wade · 07-03-2003, 08:19 PM

It will be very interesting when it happens. It might finally stop the real estate market from going out of control as well as bringing the dollar back down.

I wouldnt be too surprised if it was till after the next election that we saw movement in the rates.

If the rate goes up there is going to be a lot of very unhappy voters! So many people have gotten into a lot of debt from the real estate boom.

kad · 07-03-2003, 08:23 PM

Quote:

Originally posted by Wade
It will be very interesting when it happens. It might finally stop the real estate market from going out of control as well as bringing the dollar back down.

I wouldnt be too surprised if it was till after the next election that we saw movement in the rates.

If the rate goes up there is going to be a lot of very unhappy voters! So many people have gotten into a lot of debt from the real estate boom.

I heard an analist on Sky News yesterday say everyone expects a .25 cut at next months meeting. You wont have to wait long.

I dont think the aussie can break the 70cent mark again. We import waaaay too much for that to happen.

Matt_WildCash · 07-03-2003, 08:30 PM

Quote:

Originally posted by Wade

Not a bad idea, ecspecially if it reaches a point that it can not maintain. Like when it was at 48cents, there was no way it would stay there, same as if hit 75+cents it probably can not maintain it for any great length of time.

I dont think we will see it take a nose dive for a while though, our interest rates arent moving, the enconomy is doing alright and US is still trying to recover. Could be a long wait

Yep will be a long wait, Australian ecomomy is rocking along, real estate is still booming, slowing down a bit but not much. Whats going to happen and what always happens is it will surge to 75cents in 1-2 years. then the exporters will begin taking a beating as exports will cost to much for them to compete and the ecomomy will slow down, maybe even a mild recession. The dollar drops back down to 60 cents, and then as the ecomomy trys to get started again it may drop down to 55cents. Thats what happens to New Zealand and I predicted it this exact way in New Zealand back in 1998 after it happend a few years eariler in 1991.

Something like that anyways. I just converted all my money into Aussie from NZ when NZ was 88cents, waiting for it to drop to 78 cents (which it will) then convert it back for some big easy cash

Then wait till it catches back up again and back to Aussie.

Wade · 07-03-2003, 08:31 PM

Quote:

Originally posted by kad

I heard an analist on Sky News yesterday say everyone expects a .25 cut at next months meeting. You wont have to wait long.

I dont think the aussie can break the 70cent mark again. We import waaaay too much for that to happen.

I recall analysts saying that it was likely we would have seen a drop at the last meeting as well. We didnt and that has caused the dollar to go higher.

I hope you are right, I dont want to see it break 70 either.

Sausage · 07-03-2003, 08:34 PM

Bring back the banana republic ... bring back keating ... bring back the days when it hovered around 51c ....

Damn ... I might have to move to newzealand if this continues.

The Other Steve · 07-03-2003, 08:44 PM

Think back to when Keating made that banana republic comment. At the time everyone thought he was crazy but I have a suspicion that he knew exactly what he was doing.

As for the Reserve Bank - I reckon they haven't got a clue - they claimed that this week's decision was made because of the overheated housing market and the huge amount of household debt.

Well if it was it hasn't done anything at all to fix the housing market and even before they met a number of banks actually lowered their housing interest rates. The higher dollar means imports are cheaper so people are going to be out more new cars and expensive stuff from overseas so household debt will go up even further

In the meantime the RB's decision has meant manufacturers are hurting because imports are cheaper and exporting their products becomes more difficult. The primary producers are being screwed as well - everytime the $A goes up by one cent the average farm income drops by $1290.

And then there's the tourism industry - by the time this mess is over there won't be an aweful lot of that left - even Paul Hogan's barbie will have been sold to pay the debts.

- not worth bloody much now

Wade · 07-03-2003, 08:50 PM

Quote:

Originally posted by The Other Steve
Think back to when Keating made that banana republic comment. At the time everyone thought he was crazy but I have a suspicion that he knew exactly what he was doing.

As for the Reserve Bank - I reckon they haven't got a clue - they claimed that this week's decision was made because of the overheated housing market and the huge amount of household debt.

Well if it was it hasn't done anything at all to fix the housing market and even before they met a number of banks actually lowered their housing interest rates. The higher dollar means imports are cheaper so people are going to be out more new cars and expensive stuff from overseas so household debt will go up even further

In the meantime the RB's decision has meant manufacturers are hurting because imports are cheaper and exporting their products becomes more difficult. The primary producers are being screwed as well - everytime the $A goes up by one cent the average farm income drops by $1290.

And then there's the tourism industry - by the time this mess is over there won't be an aweful lot of that left - even Paul Hogan's barbie will have been sold to pay the debts.

- not worth bloody much now

Well said.

The Other Steve · 07-03-2003, 09:12 PM

If you're $US income had remained constant over the last 12 months the changes in the exchange rate have meant that in real terms you took a 14% drop in income.

bhutocracy · 07-03-2003, 09:28 PM

thats it.. im putting on a fake beard, getting a van, fertiliser and a map to the exchange.

sacX · 07-03-2003, 10:40 PM

Quote:

Originally posted by The Other Steve
If you're $US income had remained constant over the last 12 months the changes in the exchange rate have meant that in real terms you took a 14% drop in income.

surely it's much bigger than a 14% drop.

rowan · 07-03-2003, 10:56 PM

I did some back of the envelope calculations the other day, as of today I'm consistently making more $USD, but because of the rise in the Aussie dollar there isn't much difference once it's converted to $AUD.

$USD1000 / 0.48 = $AUD2083 - late 2001
$USD1000 / 0.68 = $AUD1470 - now

That's a 30% drop.

The Other Steve · 07-03-2003, 11:25 PM

Quote:

Originally posted by rowan
I did some back of the envelope calculations the other day, as of today I'm consistently making more $USD, but because of the rise in the Aussie dollar there isn't much difference once it's converted to $AUD.

$USD1000 / 0.48 = $AUD2083 - late 2001
$USD1000 / 0.68 = $AUD1470 - now

That's a 30% drop.

I did mine on the television with a blunt economist

You're probably much closer to the mark than I am.

slackologist · 07-03-2003, 11:36 PM

i remember the days when i got AUD$2 for every US$1.. at least buying US stuff is cheap now..

Kevin2 · 07-04-2003, 12:12 AM

I heard a report on the news the other day that we will see 72 cents by early next year and then it should start dropping again. Lets hope so.

Nurgle · 07-04-2003, 12:46 AM

We need it back to 50c ASAP!

but it aint gonna happen for some time yet.. we care gonna be stuck at 70 for the next yr or so

Nurgle

BlueDesignStudios · 07-04-2003, 12:54 AM

Quote:

Originally posted by uproared
Take advantage of it...

Go on a holiday.

Cheers
Uproared

Hehe pity I went on a bunch of overseas holidays last year while the exchange rate was bad! God Damn!

sextoyking · 07-04-2003, 01:02 AM

Wade,

you gotta hope our dollar stays strong to keep paying those designers, was it 15 of them or 30???

mojobatron · 07-04-2003, 01:04 AM

Quote:

Originally posted by Sausage
Bring back the banana republic ... bring back keating ... bring back the days when it hovered around 51c ....

Hell yeah, Keating was our last great leader.

good times, good times

bhutocracy · 07-04-2003, 01:06 AM

on the bright side buying traffic and content is 30% cheaper

l33t h4x0r · 07-04-2003, 02:48 AM

summer downturn+doller=

=^..^= · 07-04-2003, 03:47 AM

Dont wish our Dollar down until after Internext
i want a GOOD exchange rate this year

Wade · 07-04-2003, 09:56 PM

Quote:

Originally posted by sextoyking
Wade,

you gotta hope our dollar stays strong to keep paying those designers, was it 15 of them or 30???

Todd what are you talking about? The US dollar is weak right now, thats what we're all complaining about, we want a strong US dollar and a weak AU dollar.

We have 15 in-house designers, what are you trying to get at? Drop down sometime and visit our office, it would be my pleasure to introduce you to some real designers.

Kevin2 · 07-04-2003, 10:06 PM

Wade are you in Sydney?

CDSmith · 07-04-2003, 10:20 PM

Aussies --- Welcome to the negative US exchange-rate club. We Canukistanis have been seeing a hit to our incomes for the past 5 months or so.

$1 USD was $1.55 Cdn. (went as high as $1.62 at one point)
$1 USD now = $1.32 Cdn

From $1.55 per USD to $1.32 per USD...... that's a tough hit too.

Wade · 07-04-2003, 10:27 PM

Quote:

Originally posted by Kevin2
Wade are you in Sydney?

Hi Kevin, nope we're based in Adelaide. Do you ever come down this way?

Kevin2 · 07-04-2003, 10:56 PM

Wade I have never been to Adelaid but I hear it's a great place. If I do go down that way I'll let you know and pop in to say hi

Wade · 07-04-2003, 11:02 PM

Quote:

Originally posted by Kevin2
Wade I have never been to Adelaid but I hear it's a great place. If I do go down that way I'll let you know and pop in to say hi

Sounds good, I try to go to sydney once every year or two, so I'll let you know as well.

Is there anyone here from Adelaide? Not often I meet other adult webmasters from Adelaide, in the last 6yrs I've only met 2.

Kevin2 · 07-04-2003, 11:14 PM

Wade I'm in Melbourne

Hey uproared so we are in the same City. I live in the eastern suburbs.

Wade · 07-04-2003, 11:22 PM

hehe yeh Jo from BB is pretty hot!

I make it to Melbourne more often than I do to Sydney.

Do you know many other Melbourne webmasters?

I know a few of the Brisbane guys.

Shame there isnt some sort of regular yrly aussie webmaster get-together.

Kevin2 · 07-04-2003, 11:34 PM

Wade I know of 2 other Melbourne webmasters. One in Geelong and the other in Doncaster if I remember correctly. We should arrange an Aussie webmaster get together sometime

07-03-2003, 07:09 PM	#1
Wade Confirmed User Join Date: Jun 2003 Posts: 253	The Aussie Dollar Go down you little bastard! Apparently the US dollar is still "over valued" and we will only see the Aussie surge higher over the next few months. __________________ www.BlueDesignStudios.com ICQ : 1380208 Email : [email protected]

07-03-2003, 07:10 PM	#2
jact Confirmed User Join Date: Sep 2002 Location: Oakville, Canada Posts: 9,134	What needs to happen is the US dollar get as over-valued as it once was and more... __________________ Free agent

07-03-2003, 07:12 PM	#3
Sharky Confirmed User Industry Role: Join Date: Mar 2002 Location: Tampa, FL Posts: 4,938	Does this mean you'll have to start charging more for design:-) J/k. One of my employees is in Australia... She does great work.. and is taking a pay cut due to the current value of the dollar. Same salary from me.. less $$ for her:-( __________________ Sharky

07-03-2003, 07:15 PM	#4
Wade Confirmed User Join Date: Jun 2003 Posts: 253	Hey Sharky I know how she feels, all of us Aussies are going through the same thing. Have to take the good with the bad though, we had a great run with it at around 50cents for good stretch of time, now its 68cents and it sucks. __________________ www.BlueDesignStudios.com ICQ : 1380208 Email : [email protected]

07-03-2003, 07:26 PM	#6
Pointless Confirmed User Join Date: Jan 2003 Location: Australia Posts: 2,142	__________________ 355 north Adultdatelink.com

07-03-2003, 07:21 PM	#5
Joe Sixpack So Fucking Banned Join Date: Jul 2002 Location: Australia Posts: 3,793	Look at the little bastard go!

07-03-2003, 08:02 PM	#8
chodadog Confirmed User Join Date: Apr 2002 Posts: 9,736	I'm gonna monitor the AU dollar over the next month or two. If it starts to level out, i'm gonna convert all my AU dollars into US dollars. And then convert it back when the US dollar recovers. Booyah. __________________ 26 + 6 = 1

07-03-2003, 08:16 PM	#11
kad Confirmed User Join Date: Feb 2003 Location: Brisbane, Australia Posts: 735	I no longer take contract work (except from exisiting clients) for this reason. Not only is the Dollar at 68c, but gaypal convert it at 2c higher than the market crossrate, and at 70c, most of the time its not worth it. Ive just taken a job locally, you can all expect an annoucement soon __________________ lol internet.

07-03-2003, 08:19 PM	#12
Wade Confirmed User Join Date: Jun 2003 Posts: 253	It will be very interesting when it happens. It might finally stop the real estate market from going out of control as well as bringing the dollar back down. I wouldnt be too surprised if it was till after the next election that we saw movement in the rates. If the rate goes up there is going to be a lot of very unhappy voters! So many people have gotten into a lot of debt from the real estate boom. __________________ www.BlueDesignStudios.com ICQ : 1380208 Email : [email protected]

07-03-2003, 08:34 PM	#16
Sausage Confirmed User Join Date: Oct 2002 Location: Australia Posts: 3,012	Bring back the banana republic ... bring back keating ... bring back the days when it hovered around 51c .... Damn ... I might have to move to newzealand if this continues. __________________ IW Skype : blance8888 Icq : 15567120

07-03-2003, 08:44 PM	#17
The Other Steve Confirmed User Join Date: Dec 2001 Location: Sunny Queensland - perfect one day and better the next. Posts: 2,106	Think back to when Keating made that banana republic comment. At the time everyone thought he was crazy but I have a suspicion that he knew exactly what he was doing. As for the Reserve Bank - I reckon they haven't got a clue - they claimed that this week's decision was made because of the overheated housing market and the huge amount of household debt. Well if it was it hasn't done anything at all to fix the housing market and even before they met a number of banks actually lowered their housing interest rates. The higher dollar means imports are cheaper so people are going to be out more new cars and expensive stuff from overseas so household debt will go up even further In the meantime the RB's decision has meant manufacturers are hurting because imports are cheaper and exporting their products becomes more difficult. The primary producers are being screwed as well - everytime the $A goes up by one cent the average farm income drops by $1290. And then there's the tourism industry - by the time this mess is over there won't be an aweful lot of that left - even Paul Hogan's barbie will have been sold to pay the debts. - not worth bloody much now __________________ Left intentionally blank ... just like my brain

07-03-2003, 09:12 PM	#19
The Other Steve Confirmed User Join Date: Dec 2001 Location: Sunny Queensland - perfect one day and better the next. Posts: 2,106	If you're $US income had remained constant over the last 12 months the changes in the exchange rate have meant that in real terms you took a 14% drop in income. __________________ Left intentionally blank ... just like my brain

07-03-2003, 09:28 PM	#20
bhutocracy Not making A Comeback Industry Role: Join Date: Dec 2001 Posts: 10,218	thats it.. im putting on a fake beard, getting a van, fertiliser and a map to the exchange.

07-03-2003, 10:56 PM	#22
rowan Too lazy to set a custom title Join Date: Mar 2002 Location: Australia Posts: 17,393	I did some back of the envelope calculations the other day, as of today I'm consistently making more $USD, but because of the rise in the Aussie dollar there isn't much difference once it's converted to $AUD. $USD1000 / 0.48 = $AUD2083 - late 2001 $USD1000 / 0.68 = $AUD1470 - now That's a 30% drop.

07-03-2003, 11:36 PM	#24
slackologist Confirmed User Join Date: Jul 2002 Location: Earth Posts: 2,379	i remember the days when i got AUD$2 for every US$1.. at least buying US stuff is cheap now..

07-04-2003, 12:12 AM	#25
Kevin2 Confirmed User Join Date: May 2003 Location: Australia Posts: 1,429	I heard a report on the news the other day that we will see 72 cents by early next year and then it should start dropping again. Lets hope so. __________________ Webmasters Trade Traffic!!!

07-04-2003, 12:46 AM	#26
Nurgle Confirmed User Join Date: Feb 2001 Location: Land of OZ Posts: 2,337	We need it back to 50c ASAP! but it aint gonna happen for some time yet.. we care gonna be stuck at 70 for the next yr or so Nurgle __________________ I am not a megalomaniac.. I just rule the world Need Quality Hardlinks? We have several packages and custom deals available. High Quality Hard Links For Sale ICQ: 394016570

07-04-2003, 01:02 AM	#28
sextoyking Confirmed User Industry Role: Join Date: Dec 2001 Location: Portland, OR. Posts: 6,034	Wade, you gotta hope our dollar stays strong to keep paying those designers, was it 15 of them or 30??? __________________ ICQ: 52344098 -------------------------------------- 50% Commissions on all Product Sales. http://www.wishing.com/money

07-04-2003, 01:06 AM	#30
bhutocracy Not making A Comeback Industry Role: Join Date: Dec 2001 Posts: 10,218	on the bright side buying traffic and content is 30% cheaper

07-04-2003, 02:48 AM	#31
l33t h4x0r So Fucking Banned Join Date: Jun 2003 Location: Your Hard Drive Posts: 86	summer downturn+doller=

07-04-2003, 03:47 AM	#32
=^..^= Confirmed User Join Date: Jan 2002 Location: ICQ 380-366 Posts: 6,935	Dont wish our Dollar down until after Internext i want a GOOD exchange rate this year __________________ #RememberYourRoots #AaronMForGFYHOF

07-04-2003, 10:06 PM	#34
Kevin2 Confirmed User Join Date: May 2003 Location: Australia Posts: 1,429	Wade are you in Sydney? __________________ Webmasters Trade Traffic!!!

07-04-2003, 10:20 PM	#35
CDSmith Too lazy to set a custom title Industry Role: Join Date: May 2001 Location: My network is hosted at TECHIEMEDIA.net ...Wait, you meant where am I located at? Oh... okay, I'm in Winnipeg, Canada. Oops. :) Posts: 51,460	Aussies --- Welcome to the negative US exchange-rate club. We Canukistanis have been seeing a hit to our incomes for the past 5 months or so. $1 USD was $1.55 Cdn. (went as high as $1.62 at one point) $1 USD now = $1.32 Cdn From $1.55 per USD to $1.32 per USD...... that's a tough hit too. __________________ *Promote Wildmatch, ImLive, Sexier.com, and more!!* ALWAYS THE HIGHEST PAYOUTS: Big Bux/ImLive SIGNUP ON NOW!!! Put some PUSSYCA$H in your pocket. ICQ me at: 31024634

07-04-2003, 10:56 PM	#37
Kevin2 Confirmed User Join Date: May 2003 Location: Australia Posts: 1,429	Wade I have never been to Adelaid but I hear it's a great place. If I do go down that way I'll let you know and pop in to say hi __________________ Webmasters Trade Traffic!!!

07-04-2003, 11:14 PM	#39
Kevin2 Confirmed User Join Date: May 2003 Location: Australia Posts: 1,429	Wade I'm in Melbourne Hey uproared so we are in the same City. I live in the eastern suburbs. __________________ Webmasters Trade Traffic!!!

07-04-2003, 11:22 PM	#40
Wade Confirmed User Join Date: Jun 2003 Posts: 253	hehe yeh Jo from BB is pretty hot! I make it to Melbourne more often than I do to Sydney. Do you know many other Melbourne webmasters? I know a few of the Brisbane guys. Shame there isnt some sort of regular yrly aussie webmaster get-together. __________________ www.BlueDesignStudios.com ICQ : 1380208 Email : [email protected]

07-04-2003, 11:34 PM	#41
Kevin2 Confirmed User Join Date: May 2003 Location: Australia Posts: 1,429	Wade I know of 2 other Melbourne webmasters. One in Geelong and the other in Doncaster if I remember correctly. We should arrange an Aussie webmaster get together sometime __________________ Webmasters Trade Traffic!!!