February 7, 201313 yr I'm planning to purchase some very expensive hardware from a certain cockpit manufacturer based in Europe. It is now 1.31 AUD to the Euro. Is this going to keep up? I would appreciate if any economist here would like to shed some light on this subject matter. Thanks. Soarbywire - Avionics Engineering
February 7, 201313 yr Keep an eye on: http://www.ft.com Gavin Barbara Over 10 years here and AVSIM is still my favourite FS site :-)
February 7, 201313 yr There's an old joke in finance circles- If I could tell you the future movements, I wouldn't be here, I'd be jetting around the world in my own Lear! Our interest rates still have room to go down, which will reduce our exchange rate. Then again, if they keep 'printing' money in US and Europe, the euro might be worth less. Fun times eh. I think a few countries are deliberately devaluing, good for their exports.. Simmo W, Melbourne, Ozhttp://www.youtube.com/user/id5556
February 7, 201313 yr Anybody who say they know I'd ask to put their own money where their mouth is. Nobody knows, and an economist won't make a better bet than a hobo. I've seen a lot of people and businesses go bust because they thought they knew. Simmerhead - Making the virtual skies unsafe since 1987!
February 7, 201313 yr [pet peeve] The currency is just called the Euro, there is no dollar in the name, even if the word dollar does originally derive from the name of a European coin[/pet peeve] Like everyone else I don't have any idea. 1.3 AUD to the EUR sounds more or less the same as what it was when I did my internship in Oz, about 2 years ago, so it seems to be relatively stable. I suppose the EUR could drop if we suddenly start printing money here, but that doesn't seem to be a favoured solution to get us out of the crisis at the moment. John-Alan Pascoe
February 7, 201313 yr If interest rates stay up (which they probably will, relatively speaking, unless things get proper bad here) and while Australia keeps digging holes and selling ore etc, people will keep buying AUD, holding it up. I wonder about all these people buying flash Euro cars. It's fine now, but one of two things will happen: The world economy will return to some form of growth, the AUD will ease and parts will be ridiculously expensive, or The western world economy will completely tank and parts will be ridiculously expensive. Sorry... wandering OT... Can't see the AUD falling much this year. It might spike up briefly if there is a change in Canberra. No, I'm not an economist, and the crystal ball is in the shop, so I will not take responsibity for the outcomes of any action taken upon the 'advice' herein. Mike Dryden
February 7, 201313 yr Author I'm liking the AUD to USD right now -- good for all those american edu loans I've taken out! 7.5 interest! And already consolidated. They were extremely high back then. The euro was a ~ 1.20 to AUD a few weeks ago... BTW, for those in Oz, do you use 28 Degrees? LOVE that credit card. [pet peeve] The currency is just called the Euro, there is no dollar in the name, even if the word dollar does originally derive from the name of a European coin[/pet peeve] I would edit the topic but I can't. Oops. Soarbywire - Avionics Engineering
February 7, 201313 yr I'm liking the AUD to USD right now -- good for all those american edu loans I've taken out! 7.5 interest! And already consolidated. They were extremely high back then. The euro was a ~ 1.20 to AUD a few weeks ago... BTW, for those in Oz, do you use 28 Degrees? LOVE that credit card. I would edit the topic but I can't. Oops. That's OK, I'll live John-Alan Pascoe
February 9, 201313 yr Awesome, investing talk on Avsim....nice How I Evaluate Third Party Sim Addon Developers Refined P3Dv5.0 HF2 Settings Part1 (has MaddogX) and older thread Part 2 (has PMDG 747)
February 9, 201313 yr Author They are predicting it is going to drop http://www.bloomberg.com/news/2013-02-07/euro-near-2-week-low-poised-for-weekly-drop-on-draghi-warning.html Soarbywire - Avionics Engineering
February 9, 201313 yr They are predicting it is going to drop http://www.bloomberg...hi-warning.html Unless I'm misreading the article, they're actually predicting the exact opposite: “The euro, of the Group of 3, is the place to put your money.” The euro may strengthen to $1.45 in the next six months, Lee said. John-Alan Pascoe
February 9, 201313 yr Author I meant in the first paragraph "The euro fell against the yen and dollar after European Central Bank President Mario Draghi signaled yesterday that further interest-rate cuts in the region remain a possibility." But strengthen to 1.45?? Sheesh. Soarbywire - Avionics Engineering
February 9, 201313 yr Isn't the OP talking AUD and the Bloomberg article USD? I was of the understanding that the AUD was more closely aligned with the Euro than the USD, so any easing of the Euro to US rate would weaken the AUD against the USD, but not necessarily strengthen it against the Euro. Speculating about finance stuff is no less of a waste of time than speculating about release dates, and no more harmful. ;-) Mike Dryden
March 27, 201313 yr Author Well, I'm glad I held back in spending in euro. It has now dropped from a few weeks ago from 1 euro to 1.30 aud to now 1 euro to 1.23 GREAT! Soarbywire - Avionics Engineering
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