• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 27 years!

    Join tens of thousands of other owners just like you here to get any and all Timeshare questions answered!
  • TUG has now saved timeshare owners more than $17,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $17 Million dollars
  • Follow the TUG Member Banner as it travels the world on vacation with Timeshare owners! Also sign up to get the banner sent to you so you can submit a photo of your vacation with the banner to share with TUG! Banner Thread
  • Sign up to get the TUG Newsletter for free! Join tens of thousands of other owners who get this every week! Latest resort reviews and the most important topics discussed by owners during the week!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    Read more Here
  • A few of the most common links here on the forums for newbies and guests!

Aussie dollar in free fall

Dottie

TUG Member
Joined
Jun 6, 2005
Messages
487
Reaction score
0
Points
16
Location
Ocala, FL
I had to pay my maintenance fee in late June. The Aussie dollar was about 92 cents or almost at par to the US dollar once the credit card fees were added. Today the Aussie dollar was 67 cents.
 
Last edited:

rickandcindy23

TUG Review Crew: Expert
TUG Member
Joined
Jun 6, 2005
Messages
24,981
Reaction score
4,280
Points
599
Location
The Centennial State
Resorts Owned
Wyndham Plat,RCI pts,Shell,WorldMark,OKW,SSR pts; Marriott's Willow Ridge;Val Chatelle; Hono Koa; SBP; SDO; Blue Ridge Village
Yes, I noticed too. The thread about the Africa Ran caused me to look at the conversion rate for Aussie dollars. I was very happy with that, but I don't get it, with the economy as it is right now here in the U.S. :doh:
 

sernow

TUG Member
Joined
Dec 8, 2006
Messages
405
Reaction score
0
Points
226
Location
South Jersey
The AUD is in freefall because the global economy is in meltdown. I'm glad it helps you, but the smiley face and cheerleader are over the top and in poor taste.
 

ricoba

TUG Member
Joined
Jun 7, 2005
Messages
6,272
Reaction score
2
Points
323
Location
Metro Los Angeles
The AUD is in freefall because the global economy is in meltdown. I'm glad it helps you, but the smiley face and cheerleader are over the top and in poor taste.
While I am sure the OP didn't intend any offense, I think your sentiments are correct.
 

Dottie

TUG Member
Joined
Jun 6, 2005
Messages
487
Reaction score
0
Points
16
Location
Ocala, FL
You are absolutely correct. My Bad!!! I did not think it out. I will try to edit it out. I certinly am not happy about the world situation.
 
Last edited:

bogey21

TUG Member
Joined
Jun 8, 2005
Messages
8,984
Reaction score
4,087
Points
499
Location
Fort Worth, Texas
I own pieces of 6 young racehorses. Three are in the US and three in Australia. Not only are the monthly expenses in Australia lower than in the US in absolute terms, but after taking the exchange rate into account, Australia is really a bargain. With training costs of about $2,000 per horse per month this is not insignificant. I knew this going in but current world events have magnified the difference

George
 

beanb41

TUG Member
Joined
Jan 28, 2008
Messages
167
Reaction score
0
Points
16
Location
Wellington New Zealand
THe currency exchanges over the past year or so have had positives and negatives. Whilst the Kiwi and Aussies dollars were high against other currencies we had cheaper overseass holidays, imported goods etc and now with the exchange rates going the other way the reverse is happening for the other currencies but our exports are getting more dollars so its swings and roundabouts.
 

Kola

TUG Member
Joined
Jul 4, 2005
Messages
1,335
Reaction score
1
Points
36
Its all a direct reflection of rapidly falling mineral and energy commodity prices such as iron ore, coal, bauxite, nickel, gold, etc. Australian exports are now worth less in US $ (or Euros ) while their imports have become more expensive. Since resource stock prices have reached unprecedented levels, a substantial correction was unavoidable. There was no way that major mineral consuming countries, such as China, Japan, Korea and, of course, the EU member states could continue paying hugely inflated commodity prices over a long term. Of course, this applies not only to prices of Australian exports but also to Canadian, Brazilian, Russian, etc. That's why we have corresponding rapid decline in the relative values of the Can. $, Russian rubels, and other floating currencies. It will take time for the commodity markets to stabilize as market fundametals for each commodity is different.

K.
 

Kola

TUG Member
Joined
Jul 4, 2005
Messages
1,335
Reaction score
1
Points
36
Today, the Austr. dollar is still worth $0.67 US while the Canadian dollar fell rapidly as low as US $0.78 That will make winter travel in the USA for Cdn. snowbirds quite a bit more expensive. What a difference in just a couple of months !

K.
 
Top