Forums > General Discussion   Shooting the breeze...

USD AUD future exchange rate

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Created by Harrow Saturday, 15 Sep 2018
Harrow
NSW, 2325 posts
Saturday , 15 Sep 2018 2:48PM
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Gotta choose to get paid in AUD or USD.

What's the most likely direction of the exchange rate over the next couple of years?

FormulaNova
NSW, 7288 posts
Saturday , 15 Sep 2018 3:03PM
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I don't see our economy outperforming the USA any time soon, so I would pick USD.

The days of parity are certainly over.

AUS1111
WA, 3048 posts
Saturday , 15 Sep 2018 1:30PM
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Nobody knows. The current rate reflects the balance of opinion.

Vince68
WA, 606 posts
Saturday , 15 Sep 2018 4:26PM
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AUS1111 said..
Nobody knows. The current rate reflects the balance of opinion.


Yep correct you are. The markets are all based on emotions. Who has sand in their vagina and who hasn't

Imax1
VIC, 1420 posts
Saturday , 15 Sep 2018 6:47PM
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Vince68 said..

AUS1111 said..
Nobody knows. The current rate reflects the balance of opinion.



Yep correct you are. The markets are all based on emotions. Who has sand in their vagina and who hasn't


Reminds me of a joke,
Q , why did caveman drag their women by the hair instead of their feet ?
A , so they don't fill up with dirt ,
I know , off to bed I go

Mobydisc
NSW, 8145 posts
Saturday , 15 Sep 2018 8:49PM
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Do you pay your bills in US or AU dollars?

cisco
QLD, 10660 posts
Saturday , 15 Sep 2018 9:45PM
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Get paid in God's money, ie gold or silver.

Fiat money is just a belief structure that keeps us all broke and compliant.

FormulaNova
NSW, 7288 posts
Sunday , 16 Sep 2018 8:21AM
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cisco said..
Get paid in God's money, ie gold or silver.

Fiat money is just a belief structure that keeps us all broke and compliant.


Can you eat gold or silver? How is it any different to paper money?

cisco
QLD, 10660 posts
Sunday , 16 Sep 2018 9:33AM
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FormulaNova said..
Can you eat gold or silver? How is it any different to paper money?


You can't print gold or silver.

Marsbars
272 posts
Sunday , 16 Sep 2018 7:33AM
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Does it make any difference to your tax obligations? Otherwise do what all the smart people do roll a dice 1-3 USD 4-6 AUD.

Cambodge
VIC, 751 posts
Sunday , 16 Sep 2018 10:01AM
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Mobydisc said..
Do you pay your bills in US or AU dollars?


This ^^^

Assuming a non-"random gamble" attitude to risk then you should be looking to maximise your natural hedges.

If your biggest expense is the USD-denominated annual Maui trip (and if it's not then you've got bigger issues to work through first) then get paid in green back.

Cambodge
VIC, 751 posts
Sunday , 16 Sep 2018 10:04AM
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cisco said..

FormulaNova said..
Can you eat gold or silver? How is it any different to paper money?



You can't print gold or silver.


What're the chances of a client or employer paying on the basis of defined mass of gold????

rod_bunny
WA, 962 posts
Sunday , 16 Sep 2018 5:58PM
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cisco said..

FormulaNova said..
Can you eat gold or silver? How is it any different to paper money?



You can't print gold or silver.


Could with a 3D printer... using gold or silver filament
Isn't that then Value Added Processing?





(yeah yeah I get the whole making something out of nothing by printing money etc but alchemy is still a thing. Isn't that what the whole economy is based on?)

cisco
QLD, 10660 posts
Sunday , 16 Sep 2018 9:13PM
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rod_bunny said....
(yeah yeah I get the whole making something out of nothing by printing money etc but alchemy is still a thing. Isn't that what the whole economy is based on?)


Yes unfortunately, speculation and profit making. The real value of any country's wealth lies in the productive capacity of it's population.

Mr Milk
NSW, 1246 posts
Sunday , 17 Sep 2018 12:12AM
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So why not Bitcoin... or Dogecoin... or Monopoly Money?

Buster fin
WA, 1723 posts
Monday , 17 Sep 2018 4:49AM
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cisco said..

rod_bunny said....
(yeah yeah I get the whole making something out of nothing by printing money etc but alchemy is still a thing. Isn't that what the whole economy is based on?)



Yes unfortunately, speculation and profit making. The real value of any country's wealth lies in the productive capacity of it's population.


We are in trouble.

myusernam
QLD, 5037 posts
Monday , 17 Sep 2018 8:14AM
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Id go usd every day of the week. Its gotta turn around a hell of a lot befire you lose and its its not going to happen for at least a few years.

cisco
QLD, 10660 posts
Monday , 17 Sep 2018 9:20AM
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Buster fin said..
We are in trouble.




You better believe it.

evlPanda
NSW, 8484 posts
Monday , 17 Sep 2018 3:22PM
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Mr Milk said..
So why not Bitcoin... or Dogecoin... or Monopoly Money?


Bitcoin is dead. Again.

fortune.com/longform/nyse-owner-bitcoin-exchange-startup/

Mobydisc
NSW, 8145 posts
Tuesday , 18 Sep 2018 8:22AM
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Seriously you should be paid in whatever currency you have to pay your taxes in, unless of course you live in a country run like the Bolivarian Republic of Venezuela where enlightened central planning has resulted in fairness for all citizens. Then if you can be paid in US dollars you will live like a king.

myusernam
QLD, 5037 posts
Tuesday , 18 Sep 2018 9:22AM
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why would you when the USD is 30% more and likely to be for the forseeable future? especially if our economy tanks from the property squeeze. surely any conversion costs are minimal.

eppo
WA, 6527 posts
Tuesday , 18 Sep 2018 2:00PM
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US are normalisation rates... gonna impact our dollar for sure in the south direction. Surely? Unless we increase our rates as well to keep investor dollars. Property might fall over though if we raise them too much though.

Windpasser
WA, 315 posts
Tuesday , 18 Sep 2018 3:21PM
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I bought a Domino's Pizza today for what was meant to be AUD$5.00

They charged me US$3.75. Bull**** Paypal Exchange rate.

Should've been at least US 15c cheaper.

How am I supposed to sleep tonight.

Storm Ahead
QLD, 63 posts
Wednesday , 19 Sep 2018 9:50AM
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The trend is up for USD.





Harrow
NSW, 2325 posts
Wednesday , 19 Sep 2018 10:13PM
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myusernam said..
why would you when the USD is 30% more and likely to be for the forseeable future? especially if our economy tanks from the property squeeze. surely any conversion costs are minimal.

Haha. yeah I wish I was being offered the same number of dollars in USD. Nope, I am being offered the equivalent value in USD, calculated on today's exchange rate. Then I would win or lose if the AUD goes up or down over the next couple of years. Or I have the option of just locking in AUD now.

AUS1111
WA, 3048 posts
Wednesday , 19 Sep 2018 8:38PM
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Storm Ahead said..
The trend is up for USD.






Wouldn't life be easy if everything went according to trend?

Little Jon
NSW, 1491 posts
Wednesday , 19 Sep 2018 10:49PM
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Avoid risk of currency loss and get paid AUD. If you want to play the market, do it after you get paid.

Razzonater
1634 posts
Wednesday , 19 Sep 2018 9:12PM
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Get paid in usd , try be cheeky as well and ask for 10% more than offered as for them it will most likely be cheaper to pay you in USD (particularly if corporate global company)

Harrow
NSW, 2325 posts
Thursday , 20 Sep 2018 6:51AM
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Little Jon said..
Avoid risk of currency loss and get paid AUD. If you want to play the market, do it after you get paid.


I'm always surprised by the people that tell me I should obviously choose USD. I ask them if they hold USD or AUD in their savings and their tune changes very quickly. They're effectively telling me to buy hundreds of thousands of USD futures, but won't even hold USD in a bank account for themselves. Ha, so far the money has never been where the mouth is.

myusernam
QLD, 5037 posts
Thursday , 20 Sep 2018 7:21AM
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Harrow said..

myusernam said..
why would you when the USD is 30% more and likely to be for the forseeable future? especially if our economy tanks from the property squeeze. surely any conversion costs are minimal.


Haha. yeah I wish I was being offered the same number of dollars in USD. Nope, I am being offered the equivalent value in USD, calculated on today's exchange rate. Then I would win or lose if the AUD goes up or down over the next couple of years. Or I have the option of just locking in AUD now.


Oh! Well yeah that is hard. Well u were going to retire, its trend will be up for at least a few years u would think. But if yr thinking u mighst stay for longer then it would be less stress.

FormulaNova
NSW, 7288 posts
Thursday , 20 Sep 2018 8:22AM
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Harrow said..

Little Jon said..
Avoid risk of currency loss and get paid AUD. If you want to play the market, do it after you get paid.



I'm always surprised by the people that tell me I should obviously choose USD. I ask them if they hold USD or AUD in their savings and their tune changes very quickly. They're effectively telling me to buy hundreds of thousands of USD futures, but won't even hold USD in a bank account for themselves. Ha, so far the money has never been where the mouth is.


Its not that easy. I have held about $1000 USD in a CBA travel card. I.e. it gets no interest and they screw you over a tiny bit on the exchange rate and then hit you with fees if you use it the wrong way. In my case, a cash advance even though its already your own cash, they hit you with a fee.

So, don't assume that your case is the same. Most people have to convert to USD first and then back to AUD for spending, which isn't easy in Australia as far as I can tell.



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Forums > General Discussion   Shooting the breeze...


"USD AUD future exchange rate" started by Harrow