A financial question...

[ejay27]

The upside to the recent financial turmoil is that the US Dollar has been rebounding quite nicely - it's now 0.71 AUD = 1 USD and 1 EUR = 1.36 USD. Given that myself and Kelly will be looking at moving back to Australia at some point in the near future, when would be the best time to buy in foreign currencies, specifically, the Australian Dollar

Comments

[pashingflower]

We don't think it will be dropping much further but obviously that depends on interest rates. I doubt there will be another 1% rate cut occurring so now would be a good time to start picking up our dollar. It's good buying right now.

[sisgmund]

Well, there is an expectation of some rate cuts soon, and with the reducing demand for commodities the world over the dollar will be weaker in general.

Rudd's been having a chat with China to try to get them to pick up the slack on that front, but who knows how that will work.

So I guess now/soonish would be fine. It probably won't get much worse, but yeah.

[nekodeev]

DAMN YOU AND YOUR BIG AMERICAN DOLLARS
Goodbye overseas holiday ;_;