Jump to content
Sign in to follow this  
The_Ghan

Sinking AUD$

Recommended Posts

The_Ghan

Bugger me!

 

As you guys are probably aware, I've spent around $1,500 on trains as the Aussie dollar climbed past US$1.08 in the latter half of July.  I know I got a good deal with the exchange rates, but the trouble is I also reserved a load of stuff with HS and Rainbow.  Just look at what has happened to the AUD$ v US$ over the past week: http://au.finance.yahoo.com/echarts?s=AUDUSD=X#symbol=;range=1m;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=;.  A couple of hours ago it was trading at US$0.99.4 [prolific swearing]%#!#$^%$ #$^%$@ [/prolific swearing] ... damn the limitations on HTML code ...

...

Likewise, a few hours ago AUD$ was trading at Y77.3 ... [more prolific swearing]%#!#$^%$ #$^%$@ [/more prolific swearing] ... nope, that code doesn't work either! 

 

Just look at what has happened to the AUD$ v JPY since I reserved my stuff: http://au.finance.yahoo.com/echarts?s=AUDJPY%3DX#symbol=;range=1m;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=; ... down 8.5% for the month.  All that stuff I have reserved is going to cost me around $150 more than I budgeted for!

 

Are any other Aussies being screwed by the exchange rates like me? keitaro?

 

Cheers

 

The_Ghan

Share this post


Link to post
keitaro

yeah i would have appreciated that extra 4 cents to the yen in 3 weeks when hs ask me to cough up $500

Share this post


Link to post
westfalen

I just heard the news on the radio in the car as I was out driving around. I've got a heap of stuff reserved with HS that should have been here by now that has been delayed, then there's my trip to Japan in November. ???

Share this post


Link to post
meldrew

Hi, I think the dollar has gone back up to about $1.01 U.S. this afternoon.  However it's disappointing to see it get lower again.  I bet some of the thieving retail stores in Australia are pleased.   :sad:

 

Cheers

 

Ashley

Share this post


Link to post
Mudkip Orange

Yeah, these exchange rates are brutal.

Share this post


Link to post
The_Ghan

It seems to have levelled off at around $1.033, but it could move a cent or more either way over night.

 

Cheers

 

The_Ghan

Share this post


Link to post
keitaro

back to 79 jpy i liked 82 - 83 much better  :grin

Share this post


Link to post
The_Ghan

Ha!  Go back about 15 months and the yen was over 100.

 

Cheers

 

The_Ghan

Share this post


Link to post
keitaro

in 2005 i was in jpn and it was 98 cents avg makes a big difference when you chew through 5000 in spending $$$

Share this post


Link to post
The_Ghan

Keitaro,

 

When I lived in Japan in 1984 I used to get around Y220 for AUD$1.  I was into British rail back then and didn't think to buy a single thing.  A Japanese school friend had a Z gauge layout in a suitcase.  Strangely I remember the case and the layout but just can't visualise what model he was running on it ... I might have Alzheimer's but at least I don't have Alzheimer's !!!

 

Cheers

 

The_Ghan

Share this post


Link to post
linkey

The highest the AUD got to the JPY was $1.05 and that was two to three years ago where some members were buying big at Japanese Model Railway Stores. If the Aussie Dollar can get back to the mid 80's to low 90's I will be happy. But if it goes beyond parity I am going to crazy! Dear Debit card, I'm sorry but you are going to be heartbroken :P

Share this post


Link to post
keitaro

lol the thing is the japanese really want there yen to go down as there being killed in competition due to the rates.

 

I thought the tsunami would have lowered it but.... seems like a big power is behind keeping this up.......

Share this post


Link to post
The_Ghan

The highest the AUD got to the JPY was $1.05 and that was two to three years ago where some members were buying big at Japanese Model Railway Stores. If the Aussie Dollar can get back to the mid 80's to low 90's I will be happy. But if it goes beyond parity I am going to crazy! Dear Debit card, I'm sorry but you are going to be heartbroken :P

 

This is true for recent times but in the mid 80's the AUD was much much higher - always over 200.  I'm kicking myself for not bein into Japanese model trains back then.

 

Cheers

 

The_Ghan

Share this post


Link to post
bill937ca

Probably just the Yen getting stronger and stronger.    :sad:

Share this post


Link to post
The_Ghan

Nope,

 

It is the AUD$ going down against all the majors in response to Italy being downgraded and the anticipation that Greece will default ... yet again.  Beats me how Euro problems can affect the AUD yet the Swiss Franc is surrounded by Euro countries but manages to hold its own!!!

 

Either way, I'd prefer not to think about it thanks Keitaro !!!

 

Cheers

 

The_Ghan

Share this post


Link to post
Martijn Meerts

The Swiss are just more stubborn than the Aussies ;)

Share this post


Link to post
disturbman

Seeing the huge amount of debt Japan is sitting on and its more than recovering economy since the 90s bubble, I don't quite understand why the Yen is not following the Euro and the Dollars in their descent.

 

Also, have very mixed feeling about this debt affair in the Euro-zone. The whole Euro economy (and debt) is not worse than some other major economies around the world and I have the impression the notation agency are just making things worse by degrading debt notes. Anyway, the whole idea of cutting public spending now seems way off. It just tackle the economy at its weakest and makes the recession worse. Also what was the point of putting so much amount of money before if it's to kill the positive effects now?

Share this post


Link to post
bill937ca

 

Beats me how Euro problems can affect the AUD yet the Swiss Franc is surrounded by Euro countries but manages to hold its own!!!

 

Switzerland holds at least 40% of its foreign currency reserves in gold--by law.

 

http://www.theglobeandmail.com/report-on-business/economy/currencies/the-soaring-swiss-franc-the-next-best-thing-to-gold/article2109299/

 

I believe Japan also has gold in its foreign currency reserves.

Share this post


Link to post
bill937ca

Seeing the huge amount of debt Japan is sitting on and its more than recovering economy since the 90s bubble, I don't quite understand why the Yen is not following the Euro and the Dollars in their descent.

 

Of Japan`s debt, 95% is held internally. Euro debt is external.  Japan continues to have more assets than debt, including a fair bit of gold in foreign currency reserves.

Share this post


Link to post
keitaro

Seeing the huge amount of debt Japan is sitting on and its more than recovering economy since the 90s bubble, I don't quite understand why the Yen is not following the Euro and the Dollars in their descent.

 

Numerous reasons one large concern though that japan don't mention for obvious reasons is their large neighbour that competes in the same market of manufacturing and is great at manipulating currency for thei benefit and getting away with it. I'll let you have a guess who that is.

Share this post


Link to post
The_Ghan

 

Beats me how Euro problems can affect the AUD yet the Swiss Franc is surrounded by Euro countries but manages to hold its own!!!

 

Switzerland holds at least 40% of its foreign currency reserves in gold--by law.

 

http://www.theglobeandmail.com/report-on-business/economy/currencies/the-soaring-swiss-franc-the-next-best-thing-to-gold/article2109299/

 

I believe Japan also has gold in its foreign currency reserves.

 

Australia holds at least 40% of its foreign currency reserves in beer! ... I think that's a law too ... well, a rule at least!

 

Cheers

 

The_Ghan

  • Like 2

Share this post


Link to post
linkey

 

Beats me how Euro problems can affect the AUD yet the Swiss Franc is surrounded by Euro countries but manages to hold its own!!!

 

Switzerland holds at least 40% of its foreign currency reserves in gold--by law.

 

http://www.theglobeandmail.com/report-on-business/economy/currencies/the-soaring-swiss-franc-the-next-best-thing-to-gold/article2109299/

 

I believe Japan also has gold in its foreign currency reserves.

 

Australia holds at least 40% of its foreign currency reserves in beer! ... I think that's a law too ... well, a rule at least!

 

Cheers

 

The_Ghan

 

Not anymore with Fosters Limited being brought out by AB Miller. Can't believe the Aussie Icon beer has now been brought by an overseas company and again the $AUD has dropped just over $1USD

Share this post


Link to post
westfalen

While I was in town on a long lunch break yesterday I picked up 20,000 yen to give me some ready cash when I arrive in Japan, it cost me AU$275.

Share this post


Link to post
stevenh

I wonder if pulling off a Visa credit card from a postal-bank-atm in Japan would've provided a better deal... I've always been interested in the exact cost differences.

Share this post


Link to post

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

×
×
  • Create New...