Will we ever see the Australian Dollar return to levels of 2009?

Barebear

We are seeing around $1.50 to the pound, and have done for quite some time now. Is there any hope that it will return to around the $2.00 mark?

phatbear

if anyone can answer this question I would be really interested. also has anyone got this fridays lottery numbers as that would fab too

phatbear

in simple terms if anyone knew the answer to that question they wouldn't be hanging around a money saving site. to give you an example say I have a mate in Oz who can liquidate $150000 and convert it to GBP he's gonna end up with approx £100000 so with this knowledge you are seeking he hangs on to this money and changes it back to AUS $'s when its back to $2 and eh voila he's made himself $50000, less any conversions fees etc

booler

I was over there about five years ago and getting about $2.20 to the pound. It peaked that year at around $2.60. Today's rates make Australia a very expensive destination.

ince_mon

booler wrote: »

I was over there about five years ago and getting about $2.20 to the pound. It peaked that year at around $2.60. Today's rates make Australia a very expensive destination.

I was in Oz to watch the Ashes in 06/07. We were getting around $2,50ish at the time. We were back in 2010/11. When we arrived we got $1.62,when we left in early Jan,it was down to $1.54. Can't see us going this yr unless a miracle happens.

booler

Actually I found it expensive in Oz five years ago at the higher exchange rate. It will be much worse now.

Neil49

Given the news today that vast oil reserves have been found in the outback it is unlikely that the Oz $ will fall in value any time soon.

DesertWind

Yes it is expensive but what a great place to visit. I remember going when it was over $2 to the pound. Putting a holiday together for August it is about $1.5 at the moment. Trouble is I am a bit addicted to the place. I love driving on the outback roads, stretching off into the distance with red desert on both sides of the road. The Bungles is costing me a small fortune this year!