[QF009]

Made my shopping overseas way more expensive....
But at least I've now restocked my toiletries supply....

[v8Statesman]

Originally Posted by simongr

Not sure that the rate cut of 1% is going to help either

Me either

(Bold Prediction)

Watch the AUD fall into the sixties by the weeks end!

(/Bold Prediction)

[v8Statesman]

Originally Posted by dajop

Yesterday afternoon (I typed this into a spreadsheet)
1.00 AUD = 1.107 SGD

"A Dollar and Ten" is a but only a dream at the moment

[Flashware]

This is starting to make my shopping trip to SIN in December look not so good At least I got my airfare (PER-SIN-PER) for $300 return inc. taxes!

[serfty]

As I posted on another thread:

Originally Posted by serfty

Very little now, the devaluation has already happened (methinks there was a leak last night) USD0.725 ...

[docjames]

Originally Posted by v8Statesman

Me either

(Bold Prediction)

Watch the AUD fall into the sixties by the weeks end!

(/Bold Prediction)

I dont know that that is so much a bold prediction

[mr_greg444]

The Australian Dollar is influence by many factors - Economy stability, Oil, the US Economy, but the main factor is interest rates.

The lower our interest rate becomes, the less people will want to invest in the Australian banks, which means our the demand for the AUD falls. Less Demand means the value of our dollar will decrease. The Resever bank has announce and up coming interest rate reduction which was approved today with a decrease of 1%.

I may be wrong, but i that is the main cause.

[dajop]

Originally Posted by mr_greg444

The Australian Dollar is influence by many factors - Economy stability, Oil, the US Economy, but the main factor is interest rates.

Interest rates and commodity prices. It would be interesting to do a regression of the AUD against some of the key commodities.

I work for a US listed company in the agricultural sector and it is uncanny how often I can predict the direction (if not the magnitude) of our overnight share price movement by looking what's happened to the AUD overnight (or vice versa). Since we peaked (at the same time the AUD it 0.98) we've dropped back about 35%. And last night, during which the AUD went from 0.77 to 0.71 we also dropped 10%.

[v8Statesman]

I looked at rates today in a Shopping Mall (I know bad place to buy)

1AUD=0.944SGD.

I am hoping someone reading this was in Singapore today and saw what they are selling SGD for.

[drron]

Commodity prices,interest rates,share prices-all of peripheral importance.
Its all about the drron travel index as I keep pointing out.there will be a correction in the $A at months end-possibly hitting 80c again.
In december as i pack my bags again it will plummet into the 60s.Stabilise at years end,maybe stage a rally in the New year then head south next Easter.
And I bet those predictions have as much chance being right as any economist's.