Fark! Did the USD burp????
 

I deposited around $USD6000 worth of cheques into my Aussie dollar account the other day, at 0.7969 US dollars per Australian dollar. Today the Aussie dollar is at 0.7796, a drop of nearly 2 cents. That means I could have made about 2-3% more if I'd waited a few days to deposit the cheques. :disgust

28 day average is 0.7926 so a drop to 0.7796 is a big deal.

If any of you Aussies have cheques waiting to be deposited, think about it!!

i smell china

Wait wait... Australians have their own form of currency?

http://thsrv.com/p/AUDUSD.png

:helpme

now only back to the days where it was in the 60 cent range or lower

happy days

In 2001 it was at 0.48, converting to AUD was easy... double the amount and add a little extra for your trouble. :winkwink:

yehaaaa

lol

wouldnt it suck to be in the
EU

Yup since the China stockmarket took a shit last week it's been crashing. I tell ya hedging us currency is the best thing I've ever done. :)

-N

keep your US payments in us dollar accounts, exchange small sums when you need.

EU payments in euro account, simple

:1orglaugh :1orglaugh :1orglaugh

niggas gotta eat

I have a home loan so at the moment that's the best investment, the effective earnings are around 14% p/a because it is not taxed (it is a discount on interest charged, not interest income).

I still play the market a bit to time the best point to deposit cheques but if it's left for too long then I'm really just letting it waste away...

I'll get a combined USD-AUD account one of these days. :)

I would blame d00t