Falling!!! Help!!!
Page 13.
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The A$ makes gains for 2-3 days and everyone is positive about the recovery and then in one day wipes those gains and the fear comes back again. One of the so-called experts recently mentioned that the Australian dollar will trade between US55c and US62c for the next 18 months.
I can't see this happening and at the rate it is dropping now it is possible it will drop well below US50c. I never thought I would see that day again but it is now a very realistic possibility. And travellers are one of the hardest hit when the dollar slides this way.
Not happy at all and already the next trip at Christmas is looking like costing at least A$1,000 more than previously budgeted.
I'm in trouble. I have a trip to Hawaii in four weeks and all my hotel bookings are up for re-evaluation. I think I will have to find some cheapie on hotwire.com or priceline.com
And unless the AUD picks up significantly against the JPY and USD within the next six months, I will be having serious dilemmas with travel to Japan & the USA in April 09.
All but one of the "interesting" routings I've been investigating for travel next year were priced in USD$.... so as you can imagine the actual costs there have skyrocketed...
As a result - and with a possibly irrational fear of local increases - I rushed in yesterday and bought the one AUD$ priced itinerary I had found!
Actually very happy with that purchase... but there is still travel to be purchased ex-USA and internally there.... so back to the "buy now or wait" game anyway..
Just like everyone else!!!!
I seem to recall travelling to the USA when the $ was at 50 cents (or less? 1999ish ??)
Location: Home, Work, Airport, Here (not in that order!)
Posts: 4,518
Re: Falling!!! Help!!!
Quote:
Originally Posted by Mal
I have the option of purchasing some US forex for ~65c today before the place involved updates their rates for tomorrow.
Well bit the bullet and ordered ... Got a rate slightly better than 65c. Hurts though when I actually saw the conversion between $US and $A on the amount I wanted. Gonna be an expensive trip this time!
Member of: QF SG, SQ ES, PC Plat, Hhonors Gold,*wood Gold
Posts: 589
Re: Falling!!! Help!!!
This is getting ridiculous...go away for the W/E without internet access, and now the AUD is down another 4-5c to the USD. The Singapore Govt, I'm told, is secretly doing things behind the scenes to sure up the Sin$ against the USD. What is our Govt (actually, the Reservee Bank) doing? No, it's a free market so it will let market forces decide!! Where are all those exporters that scream every time the AUD goes up a little bit against the USD? All my overseas travel next yaer will have to be reevaluated if this madness continues.
Would you believe that when I was in Bali 2 weeks ago, a bottle of Sprite costs the equivalent as that in Sydney? Well I suspect it is now cheaper in Sydney!!
. The Singapore Govt, I'm told, is secretly doing things behind the scenes to sure up the Sin$ against the USD. What is our Govt (actually, the Reservee Bank) doing? No, it's a free market so it will let market forces decide!! Where are all those exporters that scream every time the AUD goes up a little bit against the USD? All my overseas travel next yaer will have to be reevaluated if this madness continues. 
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