aussie dollar
 

I remember a thread with every one complaining about how bad the aussie dollar was about this time last year? well this is the follow up as the aussie dollar looks set to fly through the US$1 dollar mark late in the year some even predicting US$1.10. happy days:nod::lol::):smile:

Yeah looking sweet ATM. But it apparntly has a bad effect on our economy when the $ is worth too much.

I would be surprised if we go above parity as the only time we were at that level was back in the 70's and that was when we fixed the value of the dollar. When it was floated it immediately came down.

But at the moment it is good as it means that as I buy stock the prices are lower for the racer

Our $ is only good in high values if oversea monies stays the same . Otherwise at the end of the day if oversea hobby suppliers increase there prices to cover there cost , one would be paying the same value for there product what we are paying now anyways.
The question is when the $ went down the hobby suppliers in Australia followed the trend by increasing there stock prices (even when the stock was bought before the $ went down). Will they be bring the price down now to what it used to be ????? This is just not the case with our hobby , its fuel food every thing practically . As there is no standard or watch dog in most retail sector Some one out there is capitalizing big time. My business buys fair bit of chemicals and i have seen price jump close to 50% higher than what we where paying over a year ago.We have yet to see the prices to come down. Its sad but we all have come to terms with it and moved along . Just yesterday i filled the car up from a coles fuel pump paying $1.16.99 and about 6 to 9 km away it was for 1.06.99 (is this for real lol ). And the hot shot reckon fuel is going to go higher . yeah right xmas and holiday are around the corner. Rub the hard earning man and squeeze out the last penny out of him lol .

mid 82 was the last time we had parity

if the RBA increases interest rates again i think its a good chance we'll see parity again

its a safe bet we will see them increase rates in nov and dec I reckon.

ccrcraceway - The question is when the $ went down the hobby suppliers in Australia followed the trend by increasing there stock prices (even when the stock was bought before the $ went down). Will they be bring the price down now to what it used to be ?????

Thats what im watching and waiting for, if they dont they are shooting themselves in the foot.

Don't hold your breath, during the last surge when it was up at these levels, they also said it would reach par, then the brown hit the blade and it tumbled back down into the 60 range.

Of course right now it's still bloody good, 90's range is always good, it seems harsh to say but it makes the hobby more affordable, but then in reality if your a budget racer, exchange rates in the 70+ range is fine, it's just sweeter when it's closer to par.

Changes in prices from shops/supliers should occur as new stock arrives. Obvioiusly stock items bought at the old exchange rate will not change until that stock is sold and new stock is ordered.

Personally I have already decreased the price of lipos, car kits and parts that have been ordered since the dollar increase :D

good one cannon could to see some one think about the end user I bet the big importers dont put it down for agaes after xmass I reckon

While it's not a bad thing I would have liked the Aussie dollar to have taken a kick in the balls for the month of October. When I moved to Canada, the AUD was worth 80c CAD. I decide to move back and when I change my CAD it's almost 1:1.

Having said that, I've already converted my money so the AUD can go on a steady climb from now on.

please dont get me started on fuel:flaming: its obvious the fuel stations can charge what ever they bloody well feel like and they dont give a crap about the car owner, and the government is also to blame I feel.
I gota leave it at that or I will end up doing some damage to my computer desk:lol:

There goes the keyboard :lol::lol::lol:

The market is already factoring in 2 more interest rate rises with the value as it is now. Personally I don't think it'll get to parity, I think 94-95c is it, then it'll dump in a big way when overzealous interest rate rises stifle the economy to the point of a major recession in 2010/11 with the dollar dropping back to 55-60c

Heard today that some distributors will be lowering there prices, be interesting to see who and by how much.