Aussie Dollar Exchange Rate

• 

  bloom on 14/03/2020 - 13:42

  -4

  Sell low
  Buy high

  Your welcome

• 

  OzCheapo on 14/03/2020 - 14:16

  How much are you in for? If you can pull out with insurance then that's preferred. Otherwise you might be able to eat the deposit.

  I'm working off the assumption that the US AUD will not recover for some time. If it does, it's just a trip (as others have suggested to me).

  • 

    IVI on 14/03/2020 - 19:31

    -5

    C'th Govt's 1-off $750 payments will go out after March ends.

    If you get one of those, you'll be ahead.

    IF not too late, I'd CANCEL any flight,
    if you can get all of you ticket price
    back…

    …BEFORE (G-d forbid!) COVID-19 cancels
    it for you

    Is it too late to buy some kind of Travel
    insurance that might compensate your loss
    if your booked-flight were to be cancelled
    out from under you…?

    Be proActive about this, any companies
    losing money on your transactions with
    them may not be happy to help you save
    $$, ie, IF they are still in business.

    Good Luck!

    • 

      timthetoolman on 15/03/2020 - 00:51

      Thanks for censoring the word God for us

• 

  Agarwal on 14/03/2020 - 14:30

  +1

  Can you pay some now, and some later?

• 

  [Deactivated] on 14/03/2020 - 14:42

  +1

  Dont worry, i know people in the reserve bank, theyve told me aud is about to go to$ 1.50 to 1 usd

• 

  [Deactivated] on 14/03/2020 - 15:09

  Whirlpool winger lol.

• 

  gsta12 on 14/03/2020 - 15:22

  Thanks for those with actual helpful replies. I knew there were going to be a couple of smart a$$es!

  Oz cheapo, I will not voluntarily cancel this trip. I was more scared of Qantas cancelling on the government stopping flights… I am hoping it is just a trip and not a huge fall…

  • 

    [Deactivated] on 14/03/2020 - 15:32

    Won't be a huge fall. If the dollar drops below a certain point, our real estate becomes very attractive for foreign land holders.

    The flight being canned… That's a real possibility.

  • 

    BinaryPirate on 14/03/2020 - 19:32

    Considering how badly the US is blowing this whole containment thing compared to everyone else, I wouldn't be surprised to see the AUD go back the other way. Our economy is dropping a little but theirs is worse.
    They have no tools left to stave off recession - blew them all on trying to artificially inflate growth to 4% in 2017.
    Scotty from Marketing still has a few levers they can pull or push.

    As per others, your biggest risk is flights being cancelled. Africa is just starting to get its first few COVID-19 patients. They're au fait with outbreaks but that doesn't mean they'll contain it. If you have insurance you're in luck.

    Don't worry too much about the $300-400 you're down. If flights are cancelled you'll be reimbursed and if you get to go you'll forget all about the minor loss.

    If your insurance is covering you for everything you spend, shouldn't they be reimbursing you in $USD if you paid in $USD?

• 

  jlim87 on 14/03/2020 - 15:53

  If i were you, I'd cancel the trip. You're not thinking rationally for the safety of your health. Put health and well being first. There is a pandemic and no cure available for at least another 10-12 months. Maybe things will be better in June, but it's a pretty high chance it won't. We may still be in lock down then. If we're not, the economy would have crashed so bad. People are starting to lose their jobs, businesses are going bankrupt, everyone is affected. A trip to Africa at that point will be the last thing on your mind. Cancel the trip and be happy that deposit is all you lost compared to how other ppl have been affected by it.

• 

  [Deactivated] on 14/03/2020 - 17:28

  +2

  I know there are probably no experts here

  🤨

• 

  nfr on 14/03/2020 - 17:53

  No one can reliably predict market prices, just accept that.

  For reference my data show AUDUSD spot rate went as low as 0.4778 in 2001. Maybe it will test that low, maybe it won't. Financial markets are certainly very volatile right now, maybe the volatility continues next week, maybe it stops.

• 

  Nutrino on 14/03/2020 - 18:08

  How does the diffrence in the aus dollar from when you booked to now amount to a difference of $300-400?. What was the cost of the tour?

• 

  RockyRaccoon on 14/03/2020 - 21:27

  +1

  I know you want some certainty, but be honest with yourself.

  How the hell can anyone here really tell you. They will give opinions, some well considered others not.

  Just like share predictions.

  6 months later we will know and some will be right, some will be wrong.

  The only advice I can tell you, is to look at your own pain level when it comes to cost. Is it already passed. ie is it now too expensive, or while it will cost you more, can you still afford it? And at what point of the exchange rate will you throw in the towel.

  If its already to expensive, hold tight and hope it goes back up. If you accept the cost now, but dont want to pay more later, buy currency/pay now. If not set a value that if it drops to where you dont want to lose anymore and use that as the trigger to buy.

  Like buying/selling at Auction. Decide how much you are wiling to pay (in Aust Dollars) and stick to that.

  • 

    gsta12 on 15/03/2020 - 11:14

    +1

    Thank you! I think I will take your advice and if it hits a certain amount (Im thinking if it goes below 0.60, I will buy the currency with my travel card to secure the rate.

    • 

      popsiee on 15/03/2020 - 11:31

      I'd lock in now knowing favorite for next US rate cut is .5 and Aust is .25 . If that happens more likely stronger AUD . Auto traders have push it too far down . Always at the extremes it seems to happens to wipe out positions .

      • 

        gsta12 on 15/03/2020 - 11:36

        Do you mean stronger USD? So therefore i would be worse off.. ?

• 

  jimburns4u on 14/03/2020 - 21:39

  The latest science says 20-70% of the worlds population is going to get this virus on the first wave (next 12-18 months) and somewhere from .05-5% of the people that get it will die, first world countries will flatten the curve and get most of the worst affected on ventilators in icu's… 3rd world countries will be digging pits to burn the bodies (like iran currently) even if your not worried for your own health if your in a low risk group being in a 3rd world country while hundreds of thousand of people are dying and everyone is scared and isolating will be a nightmare.

  Think of been on a holiday in italy now but without the first world health services they have.

• 

  urahara on 15/03/2020 - 01:26

  +1

  Quite a dumb idea to travel when you know that Coronavirus is causing havoc across world.
  Even if there is a remote chance of you getting affected, imagine what position you would be in , in a 3rd world country.
  Stay here till situation improves. Nothing is more important that health & life.

  • 

    gsta12 on 15/03/2020 - 11:20

    What's dumb is people eating up all the fear mongering that the media has created over this. Apparently in 2000 the Y2k was going to be the end of the world, in 2001 Anthrax was going to kill us, SARS in 2003, Bird Flu, Swine Flu. Recently it was North Korea.. I think the hysteria needs to calm down and at this stage, I dont see it as a great risk to travel. If that changes, I will reconsider.

    • 

      urahara on 15/03/2020 - 12:55

      World need more people like you .. :) So you think people & govt across the world is dumb . Kudos.!!