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Old 05-16-2013, 10:35 PM   #1
marvel
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Warning - Media and Gov talking dollar down!

Just been reading about our poor dollar, and it looks to me that a combined effort of Gov policy and media are going to cause it to get pummelled. some predicting it will be around 93c by July this year !! that's scary, that means and exchange rate of 88c.

If you have any spare travelling cash, may be a good idea to convert now.
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Old 05-16-2013, 11:09 PM   #2
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We leave tomorrow and I'm watching it dive day by day. Not too happy!
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Old 05-16-2013, 11:28 PM   #3
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The same thing seems to be happening to the NZ dollar.
I feel selfish feeling annoyed as it's great news for NZ exporters. I just wish I had everything paid off.
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Old 05-16-2013, 11:45 PM   #4
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We go next week and I haven't changed our money yet! Not happy about this! Trust it to go down just as our trip begins
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Old 05-16-2013, 11:52 PM   #5
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Annoyed, I agree.

But is not as bad as my first trip to Disneyland in '99.
Then the dollar was 0.56c

Still had a great time.
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Old 05-17-2013, 02:55 AM   #6
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That's just great for us travelers isn't it
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Old 05-17-2013, 06:35 AM   #7
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I haven't changed any money for my trip in August yet and have watched the dollar fall, hoping and praying it would go back up, but nope keeps going down.

Might go order my cash next week before it drops any lower
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Old 05-17-2013, 08:37 AM   #8
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We got used to being equal so it starts to hurt when it get to the 90's. we're not traveling anytime time soon but still want to lock in some US cash for the future. The media have been relentless in pushing it down each day.
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Old 05-19-2013, 09:04 AM   #9
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I just bought a travel card an dumped most of my savings on it this afternoon. I figure I will hedge my bets by having it locked in. I honestly think its going to keep coming down now
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Old 05-19-2013, 09:05 AM   #10
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Lewdannie, my last trip (12 yrs ago) the dollar was 48c - it was terrible! In starting to think the US doesn't like me visiting! By the end of next year it will probably be awful!
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Old 05-22-2013, 10:39 PM   #11
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Bad news, the dollar keeps coming down, lost another 2c today and media is backing it to drop to to 95c in the next week or so, making the exchange rate close to 90c.
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Old 05-23-2013, 07:13 PM   #12
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Quote:
Originally Posted by marvel View Post
Bad news, the dollar keeps coming down, lost another 2c today and media is backing it to drop to to 95c in the next week or so, making the exchange rate close to 90c.
Eek! Glad we got our travel card earlier this week, but we'll need to convert some more money yet
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Old 05-24-2013, 05:04 AM   #13
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I'm hopeful that it won't drop too much before September 2014 But I think we have been spoiled with such a great exchange rate for a couple of years - it's been good while it lasted Hopefully we're past the days of REALLY low exchange rates for good though!
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Old 05-26-2013, 01:16 AM   #14
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i've heard reports it might be back up to parity by the end of the year.

...


...

we shall see.

to be honest, while the media plays a role, i think it has more to do with foreign investment on a macro-economic scale and the movements in asia and the usa, so will be keeping a close eye on it in the coming months...

besides, i budget our trips around an exchange rate of 90c anyway, so i'm quietly confident it should creep back up a little in the coming months...
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Old 05-29-2013, 03:28 AM   #15
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The prediction I got at work today from the money market guys was it looks like a steady decline to 92c in December. Due to cash flow dramas I've only started exchanging mine this week, but I've always said anything over 90c is a bonus so I'm not too upset about the drop.

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