Jump to content
Sign in to follow this  
Hy H

Australian Dollar drops below 40 peso.

Recommended Posts

Hy H

Not looking good for the future.

 Will AUD fall to US 80 cents in 2014?

“...Forecasters more divided about what's ahead for the Aussie dollar than for any other major currency....

"post-7853-0-29221600-1385467907_thumb.jpg

 

 

According to Bloomberg - "The gap between the highest and lowest estimates of where the Aussie dollar will land by mid 2014 is the widest of forecasts for16 global currencies".

 

Estimates range between 80 cents and parity against the US Dollar.

Share this post


Link to post
Share on other sites
panther

well i,m getting more for the english pound so i,m happy lol 71.00 never been this good for 3 years keep on climbing baby

  • Like 2

Share this post


Link to post
Share on other sites
Hy H

well i,m getting more for the english pound so i,m happy lol 71.00 never been this good for 3 years keep on climbing baby

 

Good for you.  Doing better than you cricketers then?  :moon:

 

Ozzie $ has been above 40 for a while. Maybe too long.

 

No good for my plans but I guess new boss there would like to see dollar drop even further against all majors to give exporters and tourist a chance to enjoy the fruits of the country as well.    Hopefully they will keep bank interest rates low for a year or two as well to get construction happening again. 

Share this post


Link to post
Share on other sites
Paul

For my Aussie mates' sake, I hope it holds against the Piso. But, I hope it drops quite a bit against the US soon. That would help me out quite a bit, here soon.

 

Yeah, I know. Can't have one without the other.

Edited by Paul

Share this post


Link to post
Share on other sites
broden

Paul you're like one of those big time illuminati currency manipulators 

Share this post


Link to post
Share on other sites
Monsoon

Depends on a lot of factors, but for the most part the economy there is pretty predictable. 

Share this post


Link to post
Share on other sites
smidsy

Strange with rates, people always think the opposite of whats the currency movement actually means, ie....

 

Aus Dollar lowers to US Dollar - good, as Aus exports are cheaper & Aus companies can increase sale, jobs etc, but imported LCD TV's & BMW's are more expensive

 

Aus Dollar highers to US Dollar - bad, as Aus exports are too expensive & uncompetitive to the world market, sales decrease, jobs are lost, but imported LCD TV's & BMW's are cheaper

 

There was a strange sense of pride in Aus when the Aus dollar was worth US $1.10

 

Yet they got sad when it was worth US $0.90

 

There's a bigger picture to be considered !

Share this post


Link to post
Share on other sites
Laurence

I'm not an economist but I have often heard of governments devaluing their currency to give their economy a boost as smidsy says in his post. It may be good for the economy but bad for some of their citizens who earn money in that economy or have savings in that currency but spend it outside that country. 

Exchange rate fluctuation is just another problem that most expats have to deal with.

  • Like 1

Share this post


Link to post
Share on other sites
smidsy

I'm not an economist but I have often heard of governments devaluing their currency to give their economy a boost as smidsy says in his post. It may be good for the economy but bad for some of their citizens who earn money in that economy or have savings in that currency but spend it outside that country. 

Exchange rate fluctuation is just another problem that most expats have to deal with.

 

 

Yes, governments often manipulate their currencies. In fact its one of the reasons Ireland had such economic trouble, cause it handed over the control to Europe, so they couldnt control the boom, and everyone went a bit silly, and it crashed. Overall though, the Euro is a good thing.

 

Anyway, whats good for the economy is good for the entire country & its people as a whole ! With respect to those in Phils, the country doesnt care, and shouldnt either, whats most important is the country itself is whats important, not a few blokes in Phils(sorry!).

 

So personally, as I have been unemployed for 6 months in Perth, I would prefer a lower valued currency. And i'll drive a Honda(not buying the dodgy crap Ford & Holden make ! :huh_01:  )

Share this post


Link to post
Share on other sites
Monsoon

 I have often heard of governments devaluing their currency to give their economy a boost 

 

Let us hope the Philippines takes this approach. Very doubtful now with the recent turn of events though. 

Share this post


Link to post
Share on other sites
Laurence

Smidsy, I hope you are not unemployed because of all those Irish expats (or damned Irish immigrants as some may call them!).

Share this post


Link to post
Share on other sites
Guest
This topic is now closed to further replies.
Sign in to follow this  

  • Sailfish Bay Fishing Charters

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use, Privacy Policy and Guidelines. We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue..