10-26-2008, 05:34 PM
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Senior Club Cobra Member
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Join Date: Feb 2006
Location: Melbourne,
VIC
Cobra Make, Engine: RMC, carb 347 TopLoader and Jag running gear ~ so old school I time it with an hour-glass :D
Posts: 1,293
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Not Ranked
AUD Dive - Shop More or Less in the US?
Was reading an article on the exchange rate this-morning which had the following prediction
Quote:
...St George is forecasting the Australian dollar to be trading around 61 US cents at the end of December, before declining to 59 US cents in March next year.
It sees the currency recovering to 71 US cents at the end of 2009... 
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Good for Farmers (if it rains) & Exporters I suppose
My old rule of thumb was that if the AUD was > .75USD you were getting a good deal and the higher dollar had a major impact on my ability to put together a nicer engine - but the drop will probably curtail discretionary spending on car for a bit.
The knock on effect of the GST being levied on the AUD value of an imported item will be bigger too.
However the margin added by the local vendors generally makes importing look pretty good - guessing they can't absorb too much of the price difference.
What do you think? Wind back and wait for a better rate or suck it up and deal with the new reality?
LoBelly
Last edited by LoBelly; 10-26-2008 at 05:38 PM..
Reason: left out a sentence.
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