Australian Dollar

Discussion in 'Property Market Economics' started by MTR, 6th Jul, 2015.

Join Australia's most dynamic and respected property investment community
Thread Status:
Not open for further replies.
Page 2 of 14
  1. EN710

    EN710 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    3,218
    Location:
    Melburn
    Time for a sell on Forex? :p
     
    EN710, 8th Jul, 2015
    #21
    MTR likes this.
  2. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,853
    Location:
    My World
    Time to bring the money home, we are getting close to 30% profit just on exchange. amazing returns.

    I hope there are plenty out there that are converting US$ and making pots of money:)

    MTR
     
    MTR, 8th Jul, 2015
    #22
    EN710 likes this.
  3. EN710

    EN710 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    3,218
    Location:
    Melburn
    I'm not one of them unfortunately :confused:
    Good on you, where do you live again? :rolleyes:

    Most of my money are in aud unfortunately, waiting for it to go back up so Amazon shopping is way cheaper. Maybe not for a while :D
     
    EN710, 8th Jul, 2015
    #23
    MTR likes this.
  4. paulF

    paulF Well-Known Member

    Joined:
    28th Jun, 2015
    Posts:
    2,109
    Location:
    Melbourne
    Converted a good some for upcoming holiday many months ago and was planning on converting a lot more for investment purposes but was low on savings due to to home purchase...next time i guess...
     
    paulF, 8th Jul, 2015
    #24
  5. C-mac

    C-mac Well-Known Member

    Joined:
    26th Jun, 2015
    Posts:
    1,348
    Location:
    Sydney
    Wow! Curious about the gold chatter too, a number of contacts I have are all looking at loading up on it right now.
     
    C-mac, 8th Jul, 2015
    #25
  6. willair

    willair Well-Known Member Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    6,794
    Location:
    ....UKI nth nsw ....
    It would also pay if you looked into the exchange rate for US into NewZealandDollars..imho..
     
    willair, 8th Jul, 2015
    #26
  7. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,853
    Location:
    My World
    @DaveM
    Yes I do, do you?. if not read the forex updates it will help and if that does not work your stuffed?:p :)
    ....... and Au$ still continuing to trend south... will be posting forex updates as I did on SS

    MTR:)
     
    Last edited: 8th Jul, 2015
    MTR, 8th Jul, 2015
    #27
  8. Redwing

    Redwing Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    7,472
    Location:
    WA
    Lowest and as per Cootas chart was around 0.48 :eek:
     
    Redwing, 9th Jul, 2015
    #28
  9. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,853
    Location:
    My World
    RW
    Imagine going on an overseas holiday when the Au$ tanked. We have had a dream run in recent years, coming to a grinding halt. Perhaps its now time for holidays in Australia:)

    MTR
     
    MTR, 9th Jul, 2015
    #29
    CJP likes this.
  10. JDP1

    JDP1 Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    4,244
    Location:
    Brisbane
    JDP1, 16th Jul, 2015
    #30
  11. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,853
    Location:
    My World
    MTR, 16th Jul, 2015
    #31
  12. 158

    158 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,275
    Location:
    Brisbane, Qld
    You short the AUD/USD ticker.

    pinkboy
     
    158, 16th Jul, 2015
    #32
    MTR likes this.
  13. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,853
    Location:
    My World
    Ok, you do this
     
    MTR, 16th Jul, 2015
    #33
  14. JDP1

    JDP1 Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    4,244
    Location:
    Brisbane
    If anyone makes money from this, just remember me at Xmas time ;)
     
    JDP1, 16th Jul, 2015
    #34
    MTR likes this.
  15. radson

    radson Well-Known Member

    Joined:
    4th Jul, 2015
    Posts:
    1,563
    Location:
    Upper Blue Mountains
    Leaving your run a little late but buying VTS, IJH, IXJ, DJRE, WDIV etc gives good exposure to US denominated companies.
     
    radson, 16th Jul, 2015
    #35
  16. JDP1

    JDP1 Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    4,244
    Location:
    Brisbane
    yes, I think its mostly too late to cash in on further weakness in the AUD to the USD.
    Even if it goes from 74 [ about where it is now] to 70, that only about 5.7% or so. Taking into account any transaction fees, uncertainty and risk that it may not go to that level, id say 5.7% is not worth it. Would have been 2 years back when the AUD was higher, but then so would have Sydney.
     
    JDP1, 16th Jul, 2015
    #36
  17. 158

    158 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,275
    Location:
    Brisbane, Qld
    CFD, leverage 200:1, couple of pips movement, get back to me. ;)






    Note also it works against you if it goes up!:eek:

    pinkboy
     
    158, 17th Jul, 2015
    #37
  18. Pursefattener

    Pursefattener Well-Known Member

    Joined:
    26th Jun, 2015
    Posts:
    51
    Location:
    South West Victoria
    This is good news to me . I read an article in today's FR that many expect the $A to go to around $65 against the U.S. Or possibly lower .

    Industry's such as tourism , mining , agriculture and others need this to be more competitive IMO .
     
    Pursefattener, 18th Jul, 2015
    #38
  19. Pistonbroke

    Pistonbroke Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    395
    Location:
    Guangzhou
    0.65 is going to hurt the bulk of people. Time to buy shares i the miners who are locked in to unrealised USD contracts.

    Anyone buying imports will be savaged.
     
    Pistonbroke, 18th Jul, 2015
    #39
  20. jaybean

    jaybean Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    4,752
    Location:
    Here!
    I bought some shares in 2011 in the U.S., across two trades, I think the average exchange rate was about $1AUD to $1USD. The shares have made good gains recently so when it comes time to bring home the bacon I should have the dual forces of currency and share appreciation working in my favor. But it seems too premature to do it now, you'd be leaving money on the table by not waiting for the U.S. to get back into solid growth (which can't be that far away now). Also it's a good hedge in case China ever takes a tumble - this alone may be reason enough to never bring it home unless you really need it. Just leave it over there for a rainy day.
     
    jaybean, 18th Jul, 2015
    #40
    ARC likes this.
Page 2 of 14
Build Passive Income WITHOUT Buyers Agents!

Build Passive Income WITHOUT Dropping $15K On Buyers Agents Each Time! Helping People Achieve PASSIVE INCOME Using Our Unique Data-Driven System, So You Can Confidently Buy Top 5% Growth & Cashflow Property, Anywhere In Australia

Thread Status:
Not open for further replies.