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jumpinjack
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Whatever else, please keep this Aussie dollar thread ongoing. I dont know any other source to check currency rates. Or, more importantly why currencies fluctuate. I no longer need to check Bangkok pussy info and financial info on multiple sources/sites. The Brain Trusts can be found right here. I remain appreciative.
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Thai Girls : Meet Sexy Thai Girls
Posted on: 10:30 am on May 1, 2011
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jingjo
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Well The AUD just passed $1.10USD mark
On the News here in Australia it was said it may even hit as high as $1.15 or higher within the coming months with the HUGE debt America is in.
Fourteen Trillion USD was the amount stated W0W
Gold is on the up and up
CLICK HERE
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Bangkok Women : Meet Sensual Bangkok Women
Posted on: 8:27 pm on May 1, 2011
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dirty guru
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Carrying the Australian dollar higher
By Alan Kohler
Updated Mon May 9, 2011 7:58am AEST
The carry trade caused the Australian dollar's recent spurt to $US1.10. (ABC News: Giulio Saggin)
Don't be misled by last week's commodities crunch, the Australian dollar is heading higher - much higher. That's partly because of the return of the carry trade.
The message from the Reserve Bank last week was the rates are going up, probably in July, and notwithstanding the squalls that hit commodity markets last week, there's nothing going on in the global economy that will prevent that.
The perception that the US economy is weaker than expected, which led to last week's volatility, is simply wrong, a fact confirmed by Friday's payroll data. Employment for April was much stronger than expected and past data was revised upwards as well.
Despite that, US and Japanese rates are still down for the count. The Fed will need a long period of employment growth before contemplating a rate increase, and even then it will be very cautious. And after this year's disaster, Japanese interest rates are going nowhere.
As Goldman Sachs' economist Tim Toohey highlighted last week, the Yen-finance carry trade is now back to mid-2007 levels, with the counter trade time focusing on Australian dollars.
The carry trade is where you borrow in yen and invest the proceeds at higher yields in another currency. Before the crash it was typically in US dollars, but now it's Australian dollars.
Economic theory suggests that currency movements should erode the interest rate difference over time, but in practice the opposite occurs because of what's known as the "forward premium puzzle": currencies that have a forward premium and a correspondingly low interest rate tend to go down, not up.
That means investors entering a carry trade make money two ways - from the yield differential and the exchange rate. The size of the yen carry trade is a mystery, but estimates range up to the trillions of dollars.
And it's been reignited, according to Toohey, by the large interest rate differential between Australia and Japan, as well as the lower volatility in the A$ market and the large amount of yen liquidity after the earthquake (the bank of Japan injected 15 trillion yen into the system in March).
Adding to the demand for Australian dollars is a steady diversification out of US dollars by global central banks as well as the huge demand for dollars to finance the resource investment boom in this country. Toohey reckons these two factors are accounting $37 billion a year in demand for Australian dollars at the moment, and will do for some time.
The carry trade, meanwhile, caused the recent spurt to $US1.10. The commodity sell-off last week resulted in some A$ profit-taking, and there may be more of this in the short term, but the longer-term impact of combining the carry trade with central bank and resource-investment buying could be explosive.
The yen carry trade can be a powerful force. It contributed to a 25 per cent appreciation of the US dollar between 2005 and 2007, adding to the cash pouring into the US financial system from the Chinese central bank and contributing to the 2008 crash.
Now the Peoples' Bank of China is buying Australian dollars and the yen carry trade is back as well - focusing on Aussie dollars
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Thai Girls : Meet Sexy Thai Girls
Posted on: 10:40 pm on May 18, 2011
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dirty guru
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Updated July 26, 2011
The Australian dollar is at its highest level in almost three months and is rapidly approaching 110 US cents on America's debt stand-off.
The local currency started rising just before US president Barack Obama addressed his nation about the debt stand-off.
Its rise accelerated as Mr Obama delivered his stark warning of the effects of a US credit rating downgrade, which the major ratings agencies have warned is likely over the next few months if the US does not adopt a substantial deficit reduction plan.
From 108.25 US cents about 10:30am (AEST), the Australian dollar had surged more than a cent to 109.29 US cents by 4:00pm.
City Index chief market analyst Peter Esho says with the US debt impasse unlikely to be resolved over the next few days investors are looking to diversify into non-US dollar denominated assets.
"The euro has its own issues, the Bank of Japan continues to express daily concerns over the yen’s appreciation, leaving the Australian dollar as a credible alternative for those diversifying out of US dollars," he wrote in a note on the local currency's ascent.
"With that all in mind, we think the momentum is definitely behind the local currency for the time being."
Mr Esho says the Australian dollar may even pass the post-float record above 110 US cents as the US debt saga drags on, especially if tomorrow's consumer price index figures show inflation is stronger than expected.
The US dollar also fell against a range of other major currencies, hitting a four-month low below 78
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Bangkok Girls : Meet Sexy Bangkok Girls
Posted on: 3:02 am on July 26, 2011
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cheapcharlie
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Euro is not doing badly considering high was 5 yrs ago at 50 baht lately it was 40 or less.
The last months it went up to 45 and down its now at 43. At the 50 baht rate a 100 euro meant an extra blow job or more chance I would tip or buy lady drinks  .
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Thai Women : Meet Matured Thai Women
Posted on: 5:57 am on July 26, 2011
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DaffyDuck
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Quote: from jingjo on 8:27 am on May 2, 2011
Gold is on the up and up
yeah, glad I bought a bunch 8-9 years ago.
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Bangkok Women : Meet Beautiful Thai Girls
Posted on: 4:18 am on July 27, 2011
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lalake
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Quote: I dont know any other source to check currency rates from jumpinjack on 10:30 pm on May 1, 2011
http://www.xe.com will show up-to-date currency rates.
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 10:45 am on Aug. 5, 2011
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lalake
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the silence on this thread is deafening  )
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Thai Girls : Meet Active Thai Girls
Posted on: 8:18 am on Aug. 9, 2011
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thailife
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Hey DG... I told you when it was 110 to the dollar and you started spewing your venom about how great Aussie is etc... and told you it has hit it's high..... and you know what? Pucker up !!!!! Too closely linked to China, overheated Real estate, etc..... same 'ol story, different name....
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Thai Women : Meet Matured Thai Women
Posted on: 10:16 am on Aug. 9, 2011
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dirty guru
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Well we aussies Just dont like putting the boot into the Double AA rated hurting enquirers that are going to hell in a tea cup-
Facts Australia has 5% (half of USA ) Unemployment-
Dollar is worth more than the united states of Americas
Pause and read that again
More
Info
Mid-market rates: 2011-08-10 05:34 UTC
1.00 AUD = 1.03417 USD
Australian Dollar US Dollar
1 AUD = 1.03417 USD 1 USD = 0.966958 AUD
New Conversion
Fact in 2001 it was 48 cents to a USA one dollar a 100% plus increase
In 2008 it was 65 cents a gain of 35% again in just 3 years-
Recently it fell below parity only to regain alot of ground over night-
Fact - all economists forcast a rise of the australian dollar long term-
This thread isnt for the USA guys to take issue - its a simple Fact that while your bahts for buck falls ours has over the recent times done well-
Lastly, we are an asian country mineral resource rich-
China (even if it slowed demand) we are fine in our forcasts-
Australia is doing ok
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 12:45 am on Aug. 10, 2011
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