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Posted
47 minutes ago, KhunHeineken said:

Difficult to know, exactly, how China's economy is at any one point in time, because they fudge the books. 

Just like everyone else  ... 

 

... unless some people are dump enough to believe there was no inflation in the USA a few years since 2000.

 

-0- inflation = 0 COLA adjustment on USA Social Security (retirement payments), for 2009, 2010 & 2015  :cheesy:

Posted
On 12/22/2024 at 2:08 PM, jas007 said:

Just a guess, but if China is slowing down, doesn't that affect the Australian mining industry?  Less demand for Australian dollars, perhaps? 

https://au.finance.yahoo.com/news/iron-ores-2025-crash-could-rip-tens-of-billions-out-of-aussie-economy-disastrous-190022231.html

 

No positives in the near future. xe.com shows me 21.26 to thb. I guess it may go to the 2020 levels around 20 to thb.

Posted
On 12/22/2024 at 1:27 AM, KhunHeineken said:

Yet, Australia is looking at the very real possibility of having to import gas, despite having huge gas resources, and being a major exporter of gas.

 

What a disgrace. 

You are right beer man.With the exeption of the Western Australian Government who quarantines a quota of gas for local supply only and not for export all the other states export of every last kiloljoule of gas for the royalties.New South Wales and Victoria has even banned gas exploration so suddeny they have realised that they are running short and although they have shatloads in the ground are starting to panic.That is stupidity and greed .

Posted

There are many currencies that suffers these days. Among them my NOK! I guess the dollar is to blame. It is just to strong! I am hoping for a sudden demise of that currency as soon as Trump start crashing the US economy!! 

Posted
On 12/22/2024 at 1:41 PM, Pattaya57 said:

I'm guessing those threads are in the 'Political soapbox' which is not an American forum, however you have come into an Australian forum in a thread about Aus$ to complain about Australians talking politics in that neutral forum? Are you happy you derailed an Aussie thread with off topic political rubbish?

 

This is a good example of why I'm starting to really hate Americans since I retired. In Pattaya you can't go to any bar without at least one American trying to be the loudest person in the bar with their brainwashed "everyone look at me, I'm American from the greatest country in the World" bullcrap

If I were you I'd spend a lot less of my retirement in bars in Pattaya trying to find loud Americans. 

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Posted
On 12/25/2024 at 6:43 PM, gearbox said:

No positives in the near future.

Analysts' Forecasts:

 

Commonwealth Bank forecasts the AUD/USD to fall to 0.62 by mid-2025 and to 0.61 by September.
https://www.poundsterlinglive.com/aud/21192-australian-dollar-to-fall-materially-further-in-2025

 

Westpac predicts the AUD will be worth 0.69 USD by December 2024, rising to 0.70 USD in Q1 2025.
https://arielle.com.au/australian-dollar-forecast/

 

NAB anticipates the AUD to climb to 0.72 USD by mid-2025.
https://stocksdownunder.com/article/aud-usd-forecasts/

Posted

If in TH, or planning visiting, retiring in TH, then the uncommon common sense would be, to plan you finance around the negative, worst exchange rate.   Enjoy the highs, but don't expect them to last.

 

Know the lowest, base finances on that, and you never be surprised or disappointed.  Look long term, past rates, not this week, month, 6 months

 

YTD ... lost shy of 8%

image.png.50601d9c11bda1226a48e5376cecd284.png

 

5 years (pre covid) ... actually up a bit, even though a very short lived 18.79, and almost exactly where it is today.

image.png.b99ea0eba52304c253357695d18d7130.pngimage.png.62291fb5bdd466021d3116b046e32b72.png

image.png.17950cefa58573ee3d04ba45abc369ee.png

 

Another low, Oct 2008

image.png.0955c319774f0123fd0fc2c10662ddba.png

 

Seems the average low of AUD, during the  past 5-10-15+ year span is 21+/-, So plan your budget on that, not the highs of 27-28-29.  You'll have less disappointments & stress.

 

As a Yank, the past 15 years, it's been 30-35/$1, so my brain thinks 33+/-.   Rarely dips below 30, or about 35.  As long as it stays 30+, no worries, as I still make the 65k a month for retirement visa.  

 

When more that the average high, it's all smiles, but no stress when knocking on 30, knowing it rarely dips below, and always short lived, when it does.

 

Posted
On 9/17/2024 at 7:42 AM, steven100 said:

because the AUD is now 67.45 cents to the USD .... hence the reason for the drop to the Baht. 

 

but it may start to recover some after tomorrow when the US cut .25 basis points off the interest rate. 

 

 

Now 21.78  to the THB ......    very bad price.   

 

 

 

 

I think only wishing /Hoping that that will happen.

Today 21.6.    At investing.com   Start Getting sad for us Aussies

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