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  1. #1
    Join Date
    Mar 2004
    Location
    Singapore
    Posts
    6,984

    Australian Dollars Up or Down?

    Given the current turmoil in the stock markets, would love to hear from those out there, what do you think of the Australian dollars which had been appreciating very nicely for sometime. Will it be up or down against the USD?

  2. #2
    Join Date
    Apr 2002
    Location
    USA
    Posts
    5,779
    Will float in the 83 to 90 cent bracket for a while I think.

  3. #3
    Join Date
    Jan 2005
    Location
    Darwin, Australia
    Posts
    1,333
    I think probably a bit lower than that, we may go down to as low as 81c with peaks to 87 cents

    The highs in the low 90's we saw a few months back will not likely be seen again anytime soon - Unusual combination of economic circumstances and under a government with a more hard line economic policy.
    Graham Craig

    "IT'S NOT HOW GOOD YOU ARE, IT'S HOW BAD YOU WANT IT."

  4. #4
    Join Date
    Mar 2004
    Location
    Singapore
    Posts
    6,984
    Well this financial crisis does help in a way, I guess I can breathe a bit easier paying my Australian mortgage. Imagine much of last year converting Sing dollars to Aust to pay up. Really a nightmare.

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