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-   -   Aussie Dollar expected to fall soon (http://www.cruisemates.com/forum/australia-new-zealand/396005-aussie-dollar-expected-fall-soon.html)

Paul Motter May 8th, 2013 08:50 PM

Aussie Dollar expected to fall soon
 
Just as all the cruise lines planned to move to Australia and take advantage of the super strong currency traders are predicting the Aussie will drop to $.60 on the $. That is about 1/2 of it current value.

That is going to take quite a chunk out of the profits of all those ships down there.

What do Aussies think? Would you take a cruise if it cost twice as much?

BernieG May 8th, 2013 09:35 PM

That would suck and put a major dent in our vacation fund as our Employee stock plan is in Aussie $$$

Paul Motter May 9th, 2013 03:17 AM

So Sorry - maybe you should move it. The Aussie fell below the US dollar for the first time in years yesterday. It was as high as $1.40 in 2012 (I do believe).

Druckenmiller Says Aussie Dollar Will Fall Sharply | Fox Business

People predict it will go far lower.

BernieG May 9th, 2013 10:15 PM

Quote:

Originally Posted by Paul Motter (Post 1472593)
So Sorry - maybe you should move it. The Aussie fell below the US dollar for the first time in years yesterday. It was as high as $1.40 in 2012 (I do believe).

Druckenmiller Says Aussie Dollar Will Fall Sharply | Fox Business

People predict it will go far lower.

Can't move it. We work for an Aussie Company and the benefit is paid in aussie dollars. Vacation funds can come from elsewhere but we've always considered our ESPP plan as our vacation account.


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