The Australian Dollar $$$ Time to buy .....

[PSIWOG]

Hey guys. Was reading the business review and was interested to read that the Australian dollar, currently at 95.45 cents US, will burst within 12 months. The high dollar is currently being driven by the resources boom we have at the moment. The future is impossible to predict but I know that a couple of the conversations ive had on here about the right time to buy a car from US may be within 6-12 months. Food for thought ??

[J.J.]

buy now! think about it later

[69coupe]

Talk of parity in 6 months. But who knows ? Our currency is set in New York, London, Tokyo etc. We have little control. The thing to watch is events in the US that could strengthen their dollar rather than happenings in Aus.
Me ? I would import now !!

[EAT-30T]

Even look at buying some USD NOW! while you know its good... that is what I would do... :) Or hurry the f*ck up and find a car LOL....

[PSIWOG]

Ha ha ha man im trying ! I spoted one on e bay (USA) for $13000k .. i wont put link up as im not pimping every thread in dedication to me finding a car hahaha (check my WTB thread ;))

[usautomotives]

Buy now... and if the dollar gets better like you say it will in 6months.... buy another one! :)

[PSIWOG]

Went through 96c yesterday !

[American Muscle]

Buy

[RAW454]

You mean "buy" a time machine back to May 2008? :rolleyes::p

[*rayman*]

Here we are again folks. On the way to parity the experts say.

According to www.xe.com
.937 at the moment.

[USA-69Z]

Here we are again folks. On the way to parity the experts say.

According to www.xe.com
.937 at the moment.

I hope thats right Ray ,, we just won 10g on powerball last thurs nite , so thats ensured our US trip in november/december .... so what to do?? buy US currency or wait a cupla weeks??? always a tuf desicion...

Gav:)

[*rayman*]

I hope thats right Ray ,, we just won 10g on powerball last thurs nite , so thats ensured our US trip in november/december .... so what to do?? buy US currency or wait a cupla weeks??? always a tuf desicion...


Congrats on the win. You lucky bugger.

My guys are telling me that if we see another interest rate rise, we will also see the dollar get stronger. The U.S are holding their interest rates at the moment.

[69SS]

Gav, that is sweet mate. I guess you'll be getting all sorts of goodies for the 69 - she should be on the road pretty soon now hey !!

[AUSCAMARO]

I hope thats right Ray ,, we just won 10g on powerball last thurs nite , so thats ensured our US trip in november/december .... so what to do?? buy US currency or wait a cupla weeks??? always a tuf desicion...

Gav:)

So...You'll be flying over for our GTG in WA then Gav ;)

[USA-69Z]

Gav, that is sweet mate. I guess you'll be getting all sorts of goodies for the 69 - she should be on the road pretty soon now hey !!

in the paint shop now... not sure how long it will be ???

[OldIndian]

Its buggered now.. selling at 77.4 c at Sydney airport last night... just hope it does not drop down to the 50's & 60's as we head for the election with this hopeless bunch of dreaming lefties in Canberra stuffing fists full of loot into their brief cases as the run for the escape shoot...!
How do you screw up a good country like this in such a short time & still say your doing well...... beats me.....!

And it you brought a car or parts that have not left the US yet.. your tax is based on when the goods LEAVE the USA..not when you purchased them so be prepared for the tax & charges to increase. If you have not paid for and had your shipper quote you in US$ then your digging deeper too., same as if your going there on holidays.

[tezza101]

Its buggered now.. selling at 77.4 c at Sydney airport last night... just hope it does not drop down to the 50's & 60's as we head for the election with this hopeless bunch of dreaming lefties in Canberra stuffing fists full of loot into their brief cases as the run for the escape shoot...!
How do you screw up a good country like this in such a short time & still say your doing well...... beats me.....!

And it you brought a car or parts that have not left the US yet.. your tax is based on when the goods LEAVE the USA..not when you purchased them so be prepared for the tax & charges to increase. If you have not paid for and had your shipper quote you in US$ then your digging deeper too., same as if your going there on holidays.

Yup, just bought at 83c this morning at the bank. Down 10c in two weeks. Ouch.

[GOATMAN]

selling at 77.4 c at Sydney airport last night
I feel ill.

[rodent]

It'll be back into the 60's after the election :(

[chevguy]

Woot I bought mine when it was 93c, finally I caught a break:D

[cluxford]

*** Flame Suit on !! ****

*** Brace for Impact ****

Let the dollar sink, bring it on, go you greenback !!!

I get paid in US$

All my car stuff bought in USD $, but that mostly finished now

Feel for all of ya though hard to spend when the dollar is dropping....

[OldIndian]

*** Flame Suit on !! ****

*** Brace for Impact ****

Let the dollar sink, bring it on, go you greenback !!!

I get paid in US$

Bet you had your head down over the last six months then.? Lucky your not paid in Euro's.

Notice how a barrel of oil has dropped about US$20 in price.. but the price of petrol keeps steadily rising... go figure.. is it really profit ratio maintenance...??

[Twisted67]

We just put $3050aus on our travelex card just then and it worked out to $2500us.
We thought we better get some just in case the news is true that its goin to dive!!!:(
So we lost out about $200 if we had got it 2weeks ago!!!:mad:


Paul

[oldschool67]

We just put $3050aus on our travelex card just then and it worked out to $2500us.
We thought we better get some just in case the news is true that its goin to dive!!!:(
So we lost out about $200 if we had got it 2weeks ago!!!:mad:


Paul

And I thought when I bought my car at 94c I was clever. :) Not as clever as customs when they calculated it all at 85c when it arrived. :mad:

[Russ]

And I thought when I bought my car at 94c I was clever. :) Not as clever as customs when they calculated it all at 85c when it arrived. :mad:


That's crap. Did you fight them on it?


Also, does anyone know of a site that actually spells out the the costs and the manner ion which they are applied?

All the DOTARS site gives you is a number/email address to contact for each state. They don't get into any kind of specifics on their website.

[cluxford]

That's crap. Did you fight them on it?


Also, does anyone know of a site that actually spells out the the costs and the manner ion which they are applied?

All the DOTARS site gives you is a number/email address to contact for each state. They don't get into any kind of specifics on their website.

Russ, you need to go to the customs site. Here it is
http://www.customs.gov.au/site/page4371.asp

It's not 100% clear cut but you should be able to work it out

Cut and past from their website

Customs duty, GST, LCT
Duty rates payable are determined by the tariff classification for your goods. The Customs Tariff Act 1995 (the Tariff) provides the tariff classifications, duty rates, interpretive rules and information on preference schemes, other concessions and exemptions that may apply to your goods. Duty is payable on the customs value of the goods.

GST applies to most imported goods. There are a few exemptions from the GST, one being road vehicles for disabled persons, subject to certain conditions. If no exemptions apply, GST is applied at 10% of the value of the taxable importation (VoTI).

For imported road vehicles the VoTI is the sum of:

the customs value (CV);
any duty payable; and
the amount paid or payable to transport the goods to Australia and to insure the goods for the transport (T&I).
LCT applies to road vehicles (except motor cycles or similar vehicles) that are:

designed to carry a load of less than two tonnes and fewer than nine passengers; and
above a certain value.
The definition of a road vehicle for LCT purposes includes limousines regardless of the passenger carrying capacity. The value above which the LCT becomes payable is the LCT threshold. The LCT threshold is a GST inclusive value which, for the 2008/2009 financial year, is set at $57,180. (NB: Customs Value can be an amount less than the LCT threshold figure, as shown in the example below).

The LCT rate is 33 % (commencing 1 July 2008, prior to that date the rate was 25%). While the LCT threshold is GST-inclusive, LCT is only payable on the GST-exclusive amount which exceeds the threshold value.

An example of how the LCT is applied is shown below:

Imported new Luxury Car


**** They have a table on their web site showing and example but it didn't copy over well so I deleted, click the link above to see the example - it has all the calculations *******


Importing a Second-hand Road Vehicle - Import Declaration and VIA is Required
Provided you obtain a VIA prior to importing a second-hand road vehicle, you may make use of the available concessional treatment under Item 59 Schedule 4 to the Tariff which exempts an importer from the special duty of $12,000 that is applied to second-hand road vehicles. However, your road vehicle may still be subject to an ad valorem rate of duty.






just for those who don't have the news the AUD dropped almost 2 cents in late trading today, it's now down to 80 cents

[RAW454]

We just put $3050aus on our travelex card just then and it worked out to $2500us.
We thought we better get some just in case the news is true that its goin to dive!!!:(Pay, what's the deal with these cards? Is it basically like US currency in card form (once 'exchanged' the value remains the same)?

If so what do you use it for? I would have assumed only at an ATM if you visited the States, but can it be used for online shopping etc?

Only ask as I was thinking the same kind of thing, saving up for parts, but by the time I've saved enough the exchange rate could be fisted. Was thinking of gettng cash, but then can't rally use that to buy parts online...

Ta for any thoughts guys!

[Russ]

Cheers Chris.

Found what I was looking for. Just above that section of text is the Valuation section.

In it, there is this link: Customs valuation of imported road vehicles (http://www.customs.gov.au/webdata/resources/files/ValuationImportedRoadVehicles.pdf) (.PDF File)

In that .pdf, it states:



First, take your purchase price in the foreign currency.
Next, the purchase price is converted to Australian dollars using the official rate of exchange on the date of export of the vehicle from the place of export.
The figure that has been obtained is called the customs value.


That's what I was after, and what a bastard. I always thought it was the exchange rate on the date of purchase. That's ****ed!

:mad:

[USA-69Z]

Pay, what's the deal with these cards? Is it basically like US currency in card form (once 'exchanged' the value remains the same)?

If so what do you use it for? I would have assumed only at an ATM if you visited the States, but can it be used for online shopping etc?

Only ask as I was thinking the same kind of thing, saving up for parts, but by the time I've saved enough the exchange rate could be fisted. Was thinking of gettng cash, but then can't rally use that to buy parts online...

Ta for any thoughts guys!

Deano , the travelex card is only used for atm transactions in the US.. it cant be used at stores and resteraunts etc over there. They usually are around 4/5c less than goin rate to load money into.. and yes then its locked in at that rate . I have $15g US' from last trip still on mine bought at 74c.
Gav

[oldschool67]

Cheers Chris.

Found what I was looking for. Just above that section of text is the Valuation section.

In it, there is this link: Customs valuation of imported road vehicles (http://www.customs.gov.au/webdata/resources/files/ValuationImportedRoadVehicles.pdf) (.PDF File)

In that .pdf, it states:



First, take your purchase price in the foreign currency.
Next, the purchase price is converted to Australian dollars using the official rate of exchange on the date of export of the vehicle from the place of export.
The figure that has been obtained is called the customs value.


That's what I was after, and what a bastard. I always thought it was the exchange rate on the date of purchase. That's ****ed!

:mad:

That's the one Russ and no way your taking on Customs. They also tried to disprove my purchase price but I had stat decs from seller, bank statements, lots of info, copies etc as they wanted to up my value by up to 10k. :mad:

[RAW454]

Deano , the travelex card is only used for atm transactions in the US.. it cant be used at stores and resteraunts etc over there. They usually are around 4/5c less than goin rate to load money into.. and yes then its locked in at that rate . I have $15g US' from last trip still on mine bought at 74c.
GavThanks man. So does not really help me much unless going for a holiday then, eh. Will just keep saving that extra buffer ;)

[OldIndian]

That's what I was after, and what a bastard. I always thought it was the exchange rate on the date of purchase. That's ****ed!

So wrong guys.. as some of the other older guys here know.. you pay on date of exit & also SHOULD pay tax on all internal charges like delivery to exit port etc. AND .... if you do modifications or restorations to the vehicle you SHOULD pay Australian import tax on the additional you put into it.. labor and or parts... if you do or not it up to you and the risk you can take in getting caught out.

Listening to the radio this morning.. apparently with Europe going into decline, consumer demand sliding there.. the need for raw materials is starting to take a serious step back. And who'se economy rests on the back of mineral /commody exports.. ?? who'se people's superannuation rests on mainly mineral blue chip companies.. OURS.. and whose government is trying to tax the value out of the shares we once used to help our super.. OURS..
Who'se $ is now in free fall ............

Pitty if you have a car purchased in the US awaiting transport or delayed by an Import Permit .. your costs will increase.. and who'se government stands to profit..
but... after all this.... who will be re-elected cause most people can't think this far ahead...???

[cluxford]

Indian, so true on many accounts.

On the pay on exit, it's actual more precise on that. It's quite simple, when Customs get the paperwork and the import and they are looking to "clear" it that's when they go ahead and do all the calculations, they don't know when you purchased it or what the exchange rate was, they just go right, next on my list is a car some dude has brought in, lets look up does it have approval..yep...OK docs to support is value...yep...calculator, punch in the numbers and uses today's FX rate....

Oh, and even if we do vote out the Australian Socialist...umm...I mean Labour party, in this country the two sides are not so different, their policies are so close it make no real impact. Politics now is a popularity contest, it is NOt about policy. Why when the budget gets so big and there is so much bureaucracy the bottom line is no one person or even party can genuinely drive significant meaningful change in any short period of time. So promises become pipedreams...

The reality is the public service machine would work and operate even without elected officials. The elected officials are there to just make one or two really big announcements over their elected tenure, those announcements are 5-10 year projects that change so much over their lifecycle that it's hard to remember the original goals....

I've spent way to much time in Parliament house....

My job is all around change management (yes I am a management consultant) but I can tell ya, change is hard, and it fails more than 70% of the time (for all sorts of reasons), why do we think our elected pollies are more capable of change than some of the highest paid private sector CEO's that have more control (directive) yet still fail more often than succeed)

Rant over and I do have ideas on how to change this but they are capitalist and radical, and most wouldn't have the balls to take the risk. Oh and yes it is a reward for effort approach, that is what capitalism is all about, sure it does have some short comings, not blind to that, but it's better than socialism, and this mining tax is exactly that.....

Holy shiit I normally stay out of political rants...need to go take my meds

[*rayman*]

Travelex passport exchange rate is .78 today.

Got me a card, and transferred some money over about 20 minutes ago, not happy Jan. I guess it's better than getting stitched up more in a months time when I go to the U.S. If it comes back in the meantime, great.

Looks pretty bad for a while though for the AUD.

Lot of people going to the 'security' of the U.S dollar at the moment. A month ago it was considered 'risky'.

[71RS]

If you can wait, the AUD will go up again.

You just need to wait for the second GFC otherwise known as the KFC (Kevin's Finicial Crisis) to run its course.

Have a look at the 5 year ASX chart, I can see a "W" recovery, the old "head and shoulders".

[*rayman*]

Thanks man. So does not really help me much unless going for a holiday then, eh. Will just keep saving that extra buffer

You can still use it to lock in the dollar at the current rate. You can always cash it back out to AUD if you need the money.

The travelex card i got is a 'VISA', i can't see why you can't link this to a paypal account or something to pay for purchases over the internet. Or use the Visa number on summit purchases etc. It's just like a prepaid visa, with you choice of currency on it.

Note: there is a 1% fee incurred when loading the card with money.

[ilikemopars]

For imports into Australia.....the calculation for GST ( or for customs duty if applicable ) is based on the actual purchase price of car which is calculated at date of discharge of the vessel from the port of the USA.
If the container left the USA on the 30th of March 2010, then the calculation is based on 0.9188 cents AUD to the USD.
If the container left on the 20th of May 2010, the calculation is based on 0.8311 cents AUD to the USD.

The calculation is not based on the day the Customs Broker ( on behalf of Australian Customs) receives the paperwork or is processing the paperwork for the Australian Customs Entry.

[*rayman*]

Back up this morning to .85

[anychevy]

http://www.plus500.com/Home.aspx?gclid=CIyykNr8oKICFRgbegodxXqaxA

If you're going to the US and need cash ? Try Australia post, they have a pretty good exchange rate compared to banks

[Twisted67]

Just over 94c today,just in time for our trip in 2 1/2 weeks time.

Paul

[blackoutsteve]

So start buying USD! :)

[Twisted67]

So start buying USD! :)

Yep will be buying some more on monday morning Steve,we've got $4500us at the moment.

Paul

[crazymexican]

ive been buying at aussie post this week as i am going to the states in 3 weeks, got buy rate of 91.28 yesterday.

[6pakdave]

Try to open a 'student account' with BOA when you are there. Makes the money transfer hassle a lot easier. You'd be surprised. Do it as soon as you arrive- the more cash you have to drop into an account the better lol. Never leave the USA without trying to get an account!! Student acc has no fees. Savings acc has a $9.50 monthly fee if you have under $1000 in it. It can be done. Get internet/netbank access,then you can change the [?] USA address to your AU address ASAP online. Your Passport is your ID

later Dave

[71RS]

Citibank debit card is the way to go. Its a mastercard or visa debit so you can put your money in it and use it like a credit card but not have to worry about the credit side. Great for purchases on the net that dont take paypal. I just went into the downtown LA branch with my passport, drivers licence and Aussie NAB credit card and opened an account in about 5 minutes. No account fees and statements are sent free to my Australian address or go online.

I have sent money to the account from Australian ANZ account which was easy. Then in LA I just got a citibank cashiers cheque(bank cheque) to purchase the car. No cash and you have a bit more of a paper trail.

[RAW454]

.9541 today! (Wish I had some money ;))

[crazymexican]

another trip to aussie post 92 cents today!

[tezza101]

Lots of noise about an interest rate rise in two weeks too... 98c not out of the question...

[18htan]

Lots of noise about an interest rate rise in two weeks too... 98c not out of the question...

Now that would be nice!

I have a growing shopping list, and need to start placing some orders.

[AUSCAMARO]

.9541 today! (Wish I had some money ;))

You still only get 91 at the local exchange place though :(

[tezza101]

You still only get 91 at the local exchange place though :(

Yep - drop about 3%/$0.03 on the retail rate. How again do banks make those big ass profits? :confused:

[cluxford]

This pisses me off, bought most stuff I need and have calked my average fx over the 3.5 years has been mid 80's. (car and engine both done at high 70's)

Now problem is I get paid in USD. I want the Aussie to tank as it means I get paid more....

Probably only one on this board to pray for a tanking aussie dollar...

[69SS]

This pisses me off, bought most stuff I need and have calked my average fx over the 3.5 years has been mid 80's. (car and engine both done at high 70's)

Now problem is I get paid in USD. I want the Aussie to tank as it means I get paid more....

Probably only one on this board to pray for a tanking aussie dollar...

You're not the only one mate! I'm with you, I get paid in GBP and thats just as bad, plus bought my 69 when the dollar was at 83c :(.

[qik66]

Chris
You can’t complain too loud if you have built it with an average exchange in the mid 80’s as I read last night that the 10 year average is around the 75 cent mark! And the long term is even lower!

[OldIndian]

This sucks.. just sold some stuff on ebay america and got like less money back then they paid in dollar terms.. Not selling nothing from now on. Glad my wages are not in American dollars like some of you. Its interesting to see that the A$ is figured with a 4.5% interest rate.. while the USA, Canada, GB, EU, China has around .25 to 1.2 only. no wonder our dollars good .. the banks are screwing away at our incomes, why can't we get a bank loan from some other country so we are not hammered with higher interest rates..?

[blackoutsteve]

Now's the time to buy, not sell! :p
It's been time to sell for way too fxcking long!! :D

[ElectricOrange69]

"The Aussie came within a whisker of parity during overnight trade hitting a high of 0.9993"

It is interesting how sentiment and emotion is keeping the dollar under parity. A bit like the price of fuel - once people got their head around paying $1 a litre there was no stopping it.

[cluxford]

Chris
You can’t complain too loud if you have built it with an average exchange in the mid 80’s as I read last night that the 10 year average is around the 75 cent mark! And the long term is even lower!

Told the wife last night I might need to buy some more cars while the dollar is high... that didn't go down well, given I promised her a holiday house after the Camaro was finished.....I got told quite clearly what I can do with buying more cars....

Just need to work on her...

[anychevy]

I got told quite clearly what I can do with buying more cars...
I've had that conversation :rolleyes: good luck with it

[18htan]

Your doing it wrong...

Just bring a new one home.

[anychevy]

Your doing it wrong... Just bring a new one home.
You haven't been married long, have you ? :D That's like bringing another woman home :rolleyes:

[18htan]

One step ahead...

Not married. Collect bikes as well, and bring a new one home every month.

Also helps that my GF's dad is a hot rodder, so she grew up with him building cars.

[tonner]

Go Aussie Go

[OldIndian]

Hope we all brought up our US$ while it was at record levels. Listening to the finance guys today saying the A$ will continue to mainly drop, something to do with lack of interest rate rises and lower then really expected local spending, international money markets are starting to look elsewhere to store money... then again it could be all crap and the Aussie dollar blow through like $1.10. .....
Thinking about it a bit too..strange how our petrol prices are still high, a constantly imported commodity..., yet daily international airfares have come down, imported goods have come down (glad I've just been on vacation).. .. and THEY ALL use fuel to get here.. don't they??
I wonder if we could import a politician who has the guts to take on the fuel companies ?

[blackoutsteve]

I'm thinking the same thing regarding by quickly buying as the dollar is set to drop.
Two more bad retail 1/4s and we are officially having a recession I heard.
Up goes interest rates to try and slow inflation..
Bummer. I have about US$1400 of cool stuff in my shopping cart..
Better pull my finger out or jamb it way back in and leave it there! :p

[71RS]

Yep, I think the AUD is going down again. The RBA has acted too soon again with lifting the rates. I bet they drop them next year! I sent $3000 across to my account a few days ago just in case. (hedging) I used cluxford's site xe.com. Super easy to use and their rates beat the banks by a fair way! Only took two days to reach my account in the US. Even If I dont buy and the AUD goes down further then I'll send it back and make a little profit.

I think we are spoiled at the moment with AUD above .90 cents.

[RAW454]

You can still use it to lock in the dollar at the current rate. You can always cash it back out to AUD if you need the money. The travelex card i got is a 'VISA', i can't see why you can't link this to a paypal account or something to pay for purchases over the internet. Or use the Visa number on summit purchases etc. It's just like a prepaid visa, with you choice of currency on it. Note: there is a 1% fee incurred when loading the card with money.Heyaz, so reckon I'm gonna grab one of these Tavellex Visa Debit cards today and drop a few $k from my house sale onto it for when I decide what wheels I want to buy online next year. Figured having some coin sitting on a Visa at $0.94ish aint so bad ;)

7293

Any last thoughts of a better way to do this (given that will not actually be 'IN' the States so the cash/ATM/bank account thing is not an option)?

Cheers!

[71RS]

I have two paypal accounts. One in AUD and one in USD, both with my Oz address. Maybe you could open a paypal account in USD and bank transfer some money into it now? The only issue would be when it comes time to buy and if the online store accepts paypal or not. Most do now.

[RAW454]

Maybe you could open a paypal account in USD and bank transfer some money into it now?Good idea Scott. But why would that be an advantage over Travellex Visa? Just less fees or better rate?

[USA-69Z]

Deano , i got a travel ex visa and had it for 3 years now.. Ive used it o/s for most things..I got no complaints with any of the fee's .. And if ya get to know the ladies in the office they do you better rates than the advertised one they present the public. today the advertised buying rate for travelex was 91.6 and she did it for 96c ..

Im off on the 20th dec and return feb 20th.. cant wait !

Gav

[Nev68]

Deano , i got a travel ex visa and had it for 3 years now.. Ive used it o/s for most things..I got no complaints with any of the fee's .. And if ya get to know the ladies in the office they do you better rates than the advertised one they present the public. today the advertised buying rate for travelex was 91.6 and she did it for 96c ..

Im off on the 20th dec and return feb 20th.. cant wait !

Gav

You charmer you :)

[71RS]

Good idea Scott. But why would that be an advantage over Travellex Visa? Just less fees or better rate?

Dont know anything about travellex except the "bend over" rates and commission they charge at the airports. I dont care for Paypal either as a seller but it was just another option to travellex. Good luck with it!

---------- Post added at 09:06 PM ---------- Previous post was at 09:04 PM ----------

today the advertised buying rate for travelex was 91.6 and she did it for 96c ..
Gav
Your on to a winner price there Gav!

[71RS]

Back to the top! Good time to buy some USD. Today at $1.0244.

[6pakdave]

Im hating the AU$$ at the moment.....Im trying to keep off the airline booking websites and it aint helping me any, lol..

later Dave

[chevguy]

Im hating the AU$$ at the moment.....Im trying to keep off the airline booking websites and it aint helping me any, lol..

later Dave

It went over 1.03 today, 1st time since 1983. If you don't go now Dave your just losing money:D I got my plane tickets and accom booked for sema just putting some more into the travel card yay:)

[blackoutsteve]

Im hating the AU$$ at the moment.....Im trying to keep off the airline booking websites and it aint helping me any, lol..

later Dave
Really?
Do you remember within the last 10 years when we were buying US$0.49 with one of our dollars?
How good does it need to be?

[6pakdave]

sarcasm guys!. I have a USA bank account so I can cash in anytime, just shouldnt be looking to go, upsets the boss!.Tempting as it may be, CA will be full of aussies and kiwis at the moment anyways buying up..

later

[chevguy]

sarcasm guys!. I have a USA bank account so I can cash in anytime, just shouldnt be looking to go, upsets the boss!.Tempting as it may be, CA will be full of aussies and kiwis at the moment anyways buying up..

later

I know it was sarcasm that's why I was geeing you up:D

[OldIndian]

Might keep in mind too - that deeper in the financial stories currently is the FACT that China is buying up mineral resources companies big in Africa and trying to break, no INTENDING to break then dictate the prices paid.. effectively ending the current mineral boom pricing, it may be according to different "experts" only a matter of 4-6 months before the heat from the current Chinese lead stability of our A$ is cooled..permanently.,, but like then again .. we always have the Climate Change Tax to help us go down the drain too..

[GM NUT]

Might keep in mind too - that deeper in the financial stories currently is the FACT that China is buying up mineral resources companies big in Africa and trying to break, no INTENDING to break then dictate the prices paid.. effectively ending the current mineral boom pricing, it may be according to different "experts" only a matter of 4-6 months before the heat from the current Chinese lead stability of our A$ is cooled..permanently.,, but like then again .. we always have the Climate Change Tax to help us go down the drain too..

Hopefully they bought in Zimbaque......see they change tha laws so foriegners can only own 49%..............stable govt....

[blackoutsteve]

I know it was sarcasm that's why I was geeing you up:D
I thought Dave was serious and took the bait. :p

[*rayman*]

Almost hitting 1.07 at the moment..... Now's a great time to buy from the U.S.

[qik66]

Credit card is already copping a hiding!!

[victorypark]

Amazing the dollar at the moment. I shudder at the thought as when I bought my Mustang into the country in late '09 the dollar was sitting at 0.67.

[*rayman*]

Was only 12 months ago we went to the states and it dropped to 82c from mid 90's the week before we left.....

I'm trying to convince the missus it's at least 20% cheaper now, and we should go back to do all the things we missed out on last trip.

[chevguy]

1.075 when I bought some more yesterday, SEMA tickets are now a available btw :D

[6pakdave]

Im hating the AU$$ at the moment.....Im trying to keep off the airline booking websites and it aint helping me any, lol..

later Dave


Damn the AU$$ lol...Im locked n loaded on the big bird to CA. for May/June, yipyipya $1.10 anyone?

later Dave

[chevguy]

Damn the AU$$ lol...Im locked n loaded on the big bird to CA. for May/June, yipyipya $1.10 anyone?

later Dave

I hope not Dave, already got more than i can afford in the card atm:D if it hits that bugger the kids education:p I'm actually starting to contemplate bringing something back while I'm over there to make a quick bit of coin. Not sure but may look at a racecar so I don't have to worry about import approval crap.

[OldIndian]

Tell you what it seems to be playing hell with the guys out there selling imported cars, Jap stuff too. One guy who flogs muscle cars in Sydney says he has not sold one car for 7 weeks and another says its impossible for them to stay in business as the cars owe them a lot more then the replacement value and they're bleeding big time. Suppose that's good for some but it's no good for the end realised value of our restorations, you could say our cars value or replacement value has just dropped about 30% in the last year... unless your hoping.. the value of the dollar drops again massively - after you get all the work done and parts in. Are insurance "Adjusters" lowering the payouts on those without "agreed value" policies..due to cheaper imports..?.... yet increasing the premiums....?

[guffer]

Tell you what it seems to be playing hell with the guys out there selling imported cars, Jap stuff too. One guy who flogs muscle cars in Sydney says he has not sold one car for 7 weeks and another says its impossible for them to stay in business as the cars owe them a lot more then the replacement value and they're bleeding big time. Suppose that's good for some but it's no good for the end realised value of our restorations, you could say our cars value or replacement value has just dropped about 30% in the last year... unless your hoping.. the value of the dollar drops again massively - after you get all the work done and parts in. Are insurance "Adjusters" lowering the payouts on those without "agreed value" policies..due to cheaper imports..?.... yet increasing the premiums....?

Damn good points you make, mmmmm :eek:

[71RS]

Are insurance "Adjusters" lowering the payouts on those without "agreed value" policies..due to cheaper imports..?.... yet increasing the premiums....?

Hmmm, I noticed Shannons had recently "adjusted" the value of my car down $1500 without asking. Gonna chase this up, thanks for the reminder

[rodent]

Tell you what it seems to be playing hell with the guys out there selling imported cars, Jap stuff too. One guy who flogs muscle cars in Sydney says he has not sold one car for 7 weeks and another says its impossible for them to stay in business as the cars owe them a lot more then the replacement value and they're bleeding big time. Suppose that's good for some but it's no good for the end realised value of our restorations, you could say our cars value or replacement value has just dropped about 30% in the last year... unless your hoping.. the value of the dollar drops again massively - after you get all the work done and parts in. Are insurance "Adjusters" lowering the payouts on those without "agreed value" policies..due to cheaper imports..?.... yet increasing the premiums....?

I've been telling guys for the last year and a 1/2 "now is the time to buy that personal import for YOURSELF and/or buy parts for for the car you already own,otherwise buy yank dollars and hold on to them 'till the buck drops and then spend" anyone buying a car to flog in the last year and a 1/2 is going to end up disappointed(unless you arse in a wicked deal) :(

As an example,when the buck is down 10 people are buying a Camaro to sell to 100 people.when the buck is up, a 100 people are buying a Camaro to sell to 10 people..................you guys do the math :(

In the mean time I am trying to buy 5hit from the bufoons in the States, but getting them to get back to me with totals and getting Summit to and inventory to their stock is proving trying :(

[Pro68]

Time to spend up the the aussie dollar 110.8 :):)

[1969camaro]

I spent everything when it got to 108. Time to start saving again.

[chevguy]

I spent everything when it got to 108. Time to start saving again.

Ditto, got a couple of grand saved now though so I`m going to the bank this morning to chock up the travel card.

[RAW454]

Emptied my coupla k savings onto a travelcard at $1.01 a few months back thinking is good as it gets. Oh well makes converting prices easier I guess :)

[*rayman*]

Maybe hold out a little longer fellas.....

If the U.S doesn't get it credit limit ceiling increase this week, we could see our dollar go further....

I just ordered some gear from the U.S yesterday to make a few bucks off... Pity i don't have more cash to do this with.

[USA-69Z]

Maybe hold out a little longer fellas.....

If the U.S doesn't get it credit limit ceiling increase this week, we could see our dollar go further....

I just ordered some gear from the U.S yesterday to make a few bucks off... Pity i don't have more cash to do this with.

i was thinkin the same thing Ray,, i think its round the 2nd or 12th august we should now... and if it dosnt happen watch it go!

[chevguy]

Rightyo I'm going to wait a bit and if it goes down you owe me money:D

[480OBZ]

When everyone makes purchases what do you use??

I notice if I use paypal which is attach to c/card I get a tax fee from my bank which ends up making the savings from the dollar void.

[Anchor]

I just use my ANZ mastercard. Usually get almost the same rate as what XE.com is saying.

[*rayman*]

i was thinkin the same thing Ray,, i think its round the 2nd or 12th august we should now... and if it dosnt happen watch it go!

It'll be a knee jerk reaction, but the media will make it seem like the world is coming to an end.

I'd be interested to see it go higher than the 1.10 it is now.

You seem to have a good understanding of trading/world markets?

[USA-69Z]

It'll be a knee jerk reaction, but the media will make it seem like the world is coming to an end.

I'd be interested to see it go higher than the 1.10 it is now.

You seem to have a good understanding of trading/world markets?

not really Ray , only a basic knowledge of whats going on..

[J.J.]

debt ceiling crunch date is the 2nd August. It could get pushed out to the 8th though. next week will tell all i'd say.

[Detailed]

It actually could go deeper in the long run also guys.

The US is the biggest importer buying from China, China is our main line for raw minerals and gases we sell to.

US dollar dies hit another recession and buying drops dramatically, that causes the need for China to produce drop dramatically which in turn causes our biggest profiting and main national industry to drop.

Obviously this in turn means our dollar will drop also, Im not saying that it will below where it is now but IMO those people who are thinking wow if they dont get the hike in credit we might hit $1.70 havent thought it fully out.

It might hit that for a bit but in the long run I think you'll see it back around $1.20-$1.30.

But thats just my oppinion and I'm not expert :)

[71RS]

But thats just my oppinion and I'm not expert :)

I dont think another recession in the USA would be a good thing for anyone. We'd all suffer.

I believe the AUD value has more to do with parking money in a safe currency and the likelyhood of the Resere Bank increasing interest rates soon.

[Twisted67]

A bit of a write up in the local paper today.

http://au.news.yahoo.com/thewest/a/-/national/9928032/dollar-tipped-to-reach-us1-30/

But if your buying U.S.$$ Just dollar cost average over time and you should be right either way.

Paul

[71RS]

1.013 now.

Still a good time to buy considering it could go down alot further!

Chris, I hope you parked your USDs and can start to smile again.