Aussie Dollar

Go Back   Living and Working in Australia Forum With Immigration and Travel Information > Living in Australia > Business and investment

Business and investment Please use this section to talk about all your business needs in Australia. Do you want to start a new enterprise in Australia? Are you looking at making investments into the Australian business sector? Do you have queries about as and accounting procedures and regulation? Feel free to discuss this and more with other members of Australia Forum.

Aussie Dollar


Closed Thread
 
LinkBack Thread Tools
  #1 (permalink)  
Old 12-27-2012, 08:22 PM
Jose Marc's Avatar
Senior Member
 
Join Date: Mar 2010
Posts: 684
Please update your flag here .

7 likes received
Aussie Dollar

Would it be wise to invest in the Australian dollar instead of the US dollar in terms of the foreign currency investments?


  #2 (permalink)  
Old 12-27-2012, 11:18 PM
Moderator
 
Join Date: May 2010
Location: Sydney
Posts: 685
Users Flag! From australia

56 likes received
1 likes given
I don't think so - Aussie is quite expensive these days and interest rates are going down due to economy slowdown. I believe it will start falling soon.


  #3 (permalink)  
Old 12-28-2012, 03:37 AM
Senior Member
 
Join Date: Aug 2011
Posts: 332
Users Flag! From malaysia

38 likes received
4 likes given
I remember 10 years ago, Oz dollar was like ratio of AUD1:RM1.80
But now, it's AUD1:RM3.26...*&%$?!?
Yeah i know, lots of factor affecting the currency. However, i would not expect it to fall.
USD might going down maybe few cents. See how Obama do the magic trick now


Sponsored Links
Advertisement
 
  #4 (permalink)  
Old 01-09-2013, 03:44 PM
AustraliaForum.com Editor
 
Join Date: Oct 2012
Posts: 697
Users Flag! From australia

130 likes received
4 likes given
In many ways Australia has bucked the worldwide economic trend and some investors see Australia as something of a safe haven in these troubled times. The only downside to a strong Australian dollar is the fact that this does impact upon exports while making imports cheaper.

It will be interesting to see the Australian government's policy towards interest rates in the short to medium term because while the Australian economy is showing signs of a slight slowdown it is still growing. There are many governments around the world who would give anything to be in the same situation as the Australian authorities at this moment in time.

Even though the strong Australian economy will to a certain extent cushion any blow from a slowdown across the world and specifically in the USA, all economies are to some extent at the beck and call of the US and the ongoing problems within Europe.


  #5 (permalink)  
Old 01-10-2013, 04:58 AM
Active Member
 
Join Date: Nov 2012
Posts: 11
Users Flag! From australia

1 likes received
i'd still like to go to US dollar.. it's more stable than AUD..


  #6 (permalink)  
Old 01-10-2013, 08:56 AM
AustraliaForum.com Editor
 
Join Date: Oct 2012
Posts: 697
Users Flag! From australia

130 likes received
4 likes given
While the USD will always be a major player on the worldwide scene, the authorities do need to sort out national debt which is getting out of control.


  #7 (permalink)  
Old 01-11-2013, 09:13 AM
AustraliaForum.com Editor
 
Join Date: Oct 2012
Posts: 697
Users Flag! From australia

130 likes received
4 likes given
Vinnyk

Do you also think that some investors see the AUD as something of a safe haven at the moment (especially with the strength of the resources sector) although perhaps this could all change very quickly when the US and the worldwide economy finally get back on the recovery track?


  #8 (permalink)  
Old 01-16-2013, 07:21 AM
kttykat's Avatar
Moderator
 
Join Date: Oct 2012
Posts: 1,377
Users Flag! From usa

513 likes received
218 likes given
Perhaps the Chinese Yuan would be a better long term investment as they have kept their currency at an artificially low value and there is significant pressure on them to stop doing that. If they did then it would suddenly rise significantly in value! Not that I would take economic advice from me, I paid to bring 8 cats to Australia an economically disastrous investment, cats.....

Kttykat




__________________

  #9 (permalink)  
Old 01-24-2013, 02:26 PM
Active Member
 
Join Date: Jan 2013
Posts: 8
Users Flag! From indonesia

AUD is influenced by other currency i think. But, which one that has high effect for AUD?


  #10 (permalink)  
Old 04-11-2013, 03:25 PM
Active Member
 
Join Date: Oct 2012
Posts: 11
Users Flag! From australia

Re: Aussia Dollar

On the 10th of April, China’s onshore foreign exchange market saw the beginning of direct trading between the Australian dollar and the yuan. So, the Australian dollar became the third currency directly exchangeable with the yuan, a decision which strengthened our national currency.
Basically, this brings the huge advantage that we no longer need to exchange yuans for US dollars, and then exchange US dollars for Australian ones.

Cheers,
Emil
Sunbuild Invest


Closed Thread

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
I'm an Aussie Malcolm 46 New member introductions 2 03-05-2011 03:00 AM
Taking advantage of good AUS dollar maindoor Issues and current events 2 01-01-2011 12:11 AM
south aussie capricorn_50 New member introductions 1 06-18-2010 12:52 PM
Aussie Passport princessleah New member introductions 4 10-24-2009 01:56 AM

LEGAL NOTICE
By using this Website, you agree to abide by our Terms and Conditions (the "Terms"). This notice does not replace our Terms, which you must read in full as they contain important information. You must not post any defamatory, unlawful or undesirable content, or any content copied from a third party, on the Website. You must not copy material from the Website except in accordance with the Terms. This Website gives users an opportunity to share information only and is not intended to contain any advice which you should rely upon. It does not replace the need to take professional or other advice. We have no liability to you or any other person in respect of any content on this Website.


All times are GMT. The time now is 06:34 PM.




Powered by vBulletin®
Copyright ©2000 - 2021, vBulletin Solutions, Inc.
SEO by vBSEO
vBulletin Security provided by vBSecurity v2.2.2 (Pro) - vBulletin Mods & Addons Copyright © 2021 DragonByte Technologies Ltd.
AustraliaForum.com