Aussie Dollar dives to lowest level in years.

[OZEMADE]

Overseas holidays and imported goods are set to get more expensive as the Australian dollar plummets below 93 US cents.

http://au.finance.yahoo.com/news/lowest-level-since-september-2010-220442362.html

AUD to Baht 28.68 at 1.55PM

Converter: AUD to USD

[yoshiwara]

No doubt about it, I was wrong on AUDUSD. I thought it would always hold within its lower trading range of .96 So much for that.

Now I am spooked and won't be going back.

[Huayrat]

All the British expats are now smiling and now the criminals are looking sad.. We have felt the pain and it did not feel good.. The pound is ok now but its looking fragile also..

[12DrinkMore]

Its all going down the pan.

The whole lot.

On the word of the Great Bernank.

[samran]

This Australian is smiling today. Down Down, as the drinking chant goes.

[Mighty Mouse]

The falling exchange rates are a good reason for regular Thailand visitors to open a Thai bank account so that when the dollar is high, you can fill up your holiday account.

That way, fluctuations in the exchange rate hardly rate a mention.

[Naam]

The falling exchange rates are a good reason for regular Thailand visitors to open a Thai bank account so that when the dollar is high, you can fill up your holiday account.

That way, fluctuations in the exchange rate hardly rate a mention.

genius!

[Jasun]

Great news for Australia and the economy as a whole. Even better news if the majority of your assets are in Thailand.

[OZEMADE]

I think there is more to come yet.

$A sinks to 92 US cents as Wall St tumbles

The Australian dollar is continuing to sink, opening a shade above 92 US cents for the first time since early September 2010 as global equities plummet.

At 0630 AEST on Friday, the local unit was trading at 92.05 US cents, down from 92.29 cents on Thursday.

The domestic currency fell as US stocks plunged in the wake of the US Federal Reserve signalling it could start cutting back its stimulus measures before the end of the year.

The Dow Jones Industrial Average tumbled 2.34 per cent while the broad-based S&P 500 lost 2.50 per cent, following heavy drops on Asian and European share markets.

US Fed chairman Ben Bernanke sparked the sell-off with suggestions the US central bank could wind up its $US85 billion-a-month stimulus program by mid-2014.

The Australian dollar took another hit from an HSBC report showing a worsening slowdown in Chinese manufacturing.

http://au.finance.yahoo.com/news/sinks-92-us-cents-wall-204512167.html

Edited June 21, 2013 by OZEMADE

[David48]

^^ your musings?

Possibly a reference might be nice.

[yoshiwara]

The falling exchange rates are a good reason for regular Thailand visitors to open a Thai bank account so that when the dollar is high, you can fill up your holiday account.

That way, fluctuations in the exchange rate hardly rate a mention.

genius!

I'm afraid it is a sad case of pearls thrown amongst the swine

[OZEMADE]

^^ your musings?

Possibly a reference might be nice.

Sorry about that.

http://au.finance.yahoo.com/news/sinks-92-us-cents-wall-204512167.html

[BookMan]

*

Edited June 21, 2013 by BookMan

[David48]

Just out a wee bit of curiosity ... what does the AUD/USD exchange rate have to do with Thailand? Good for Australian manufacturers and all that ... but the connection to Thailand?

EDIT:-

Or, to put a different spin on it ... how does the AUD/USD exchange rate affect you in Thailand?

Edited June 21, 2013 by David48

[OZEMADE]

Just out a wee bit of curiosity ... what does the AUD/USD exchange rate have to do with Thailand? Good for Australian manufacturers and all that ... but the connection to Thailand?

EDIT:-

Or, to put a different spin on it ... how does the AUD/USD exchange rate affect you in Thailand?

A hell of a lot and the purpose of the link was for you and others to check your currency against the Baht.

I will put it in again for you.http://au.finance.yahoo.com/currencies/converter/#from=AUD;to=USD;amt=1

[cocopops]

The falling exchange rates are a good reason for regular Thailand visitors to open a Thai bank account so that when the dollar is high, you can fill up your holiday account.

That way, fluctuations in the exchange rate hardly rate a mention.

genius!

I'm afraid it is a sad case of pearls thrown amongst the swine

One simply times the FX market to ones advantage. No problem whatsoever.

[GrantSmith]

As long as the AUD rallies against the THB around mid July and then falls again around early to mid August, I'll be happy.

And hopefully the tax man will also come to the party around the same time

[daveyravey]

I get paid in Aussie dollars at the moment and i live in Thailand so i will be watching this closely.

[Spoonman]

This Australian is smiling today. Down Down, as the drinking chant goes.

hell yeah, 20 to the baht would be sweet.

[David48]

I get paid in Aussie dollars at the moment and i live in Thailand so i will be watching this closely.

So, how does the American to Australian Dollar exchange rate affect you?

.

[yoshiwara]

I get paid in Aussie dollars at the moment and i live in Thailand so i will be watching this closely.

So, how does the American to Australian Dollar exchange rate affect you?

.

Some of us operate in more than 2 currencies so outside the immediate pair offering necessary for spending money, there are choice that can be made and $USD rates are often the first port of call.

[Naam]

I get paid in Aussie dollars at the moment and i live in Thailand so i will be watching this closely.

unfortunately watching doesn't help much.

[Naam]

I get paid in Aussie dollars at the moment and i live in Thailand so i will be watching this closely.

So, how does the American to Australian Dollar exchange rate affect you?

.

"traditionally" a USD strengthening has a bigger negative impact on AUD than on THB. but don't ask me why!

[Mighty Mouse]

"traditionally" a USD strengthening has a bigger negative impact on AUD than on THB. but don't ask me why!

I won't ask you why but it is probably because the greenback is the worlds reserve currency............for now.

I can remember coming to LOS when one Aussie dollar got the high rate of 17 baht, so the current exchange rate is still good.

[Mousehound]

I posted a few weeks back when the A$ was at about 1A$ = 1.04US$ that the A$ would go down to at least .85 US$. This is the comfortable rate for theA$. It may go down further but Australia needs the A$ to go down for it to have a chance with exports and to slow imports. Hoowever years back the A$ was at pariyty and I thought it was overvalued and should have been at .85US$ and the dollar crashed to .63US$ so what do I know except it taight me that the A$ can drop very fast and far when it does start to go down.

What may be just as important is what happens to the Bht.

Edited June 23, 2013 by Mousehound

[CobraSnakeNecktie]

The AUD is a proxy for hard asset prices like gold and raw material exports to China.

As goes gold and China then the AUD reflects that.

Let's all keep our fingers crossed the China story does not seriously falter.

[tango]

What may be just as important is what happens to the Bht.

Yes indeed, why do all currencies plummet except the Baht on American speculative activity? And what is with the credentials of a bernanke and his wall street hos that, knowing they have the world's reserve currency, can spout off indiscriminately at the mouth when it suits them.

Time for the US dollar to be put in the trash bin; try the Swiss Franc as the spearhead of a currency consortium to finally put this financial travesty right.

[yoshiwara]

What may be just as important is what happens to the Bht.

Yes indeed, why do all currencies plummet except the Baht on American speculative activity? And what is with the credentials of a bernanke and his wall street hos that, knowing they have the world's reserve currency, can spout off indiscriminately at the mouth when it suits them.

Time for the US dollar to be put in the trash bin; try the Swiss Franc as the spearhead of a currency consortium to finally put this financial travesty right.

Firstly, Bernanke does not spout off indiscriminately. Secondly you are probably a little bit behind the times re SFR. It has been firmly yoked to the Euro, so are you wanting a switch from USD to EUR?

[Naam]

What may be just as important is what happens to the Bht.

Yes indeed, why do all currencies plummet except the Baht on American speculative activity? And what is with the credentials of a bernanke and his wall street hos that, knowing they have the world's reserve currency, can spout off indiscriminately at the mouth when it suits them.

Time for the US dollar to be put in the trash bin; try the Swiss Franc as the spearhead of a currency consortium to finally put this financial travesty right.

Firstly, Bernanke does not spout off indiscriminately. Secondly you are probably a little bit behind the times re SFR. It has been firmly yoked to the Euro, so are you wanting a switch from USD to EUR?

the yoke is not exactly firmly as the

fluctuations of the last 6 months show:

[lannarebirth]

I get paid in Aussie dollars at the moment and i live in Thailand so i will be watching this closely.

So, how does the American to Australian Dollar exchange rate affect you?

.

"traditionally" a USD strengthening has a bigger negative impact on AUD than on THB. but don't ask me why!

I think because it is considered more "speculative".