Hi all,
We're going to Japan next week.. given the current situation (exit looks imminent) and the way the yen is sailing and dollar sinking, would it be a good bet to lock in the rate of
76.99 YEN for 1 AUD (through qantas)
Dollar currently trading at:
73.88 YEN for 1 AUD
Or wait it out and hope for recovery by Tuesday with a citibank card….
Decisions decisions… have until 11:59 AEST tonight to decide.
Qantas Cash Rates
https://www.qantascash.com/frenzy?alt_cam=au:ff:promo:210616…
Thanks for the input, very wise words, might just stick with Citibank. If the Brexit leave fails, Yen might fall harder then it's risen!
It is official. Britain is out.
ASX all ords is down almost 200 points.
I think it could be the right time to buy the dip. If not now, soon.
it will prob be even worse on monday after the nasdaq opens.
At close of trade the S&P/ASX 200 ended 3.2 per cent, or 167 points lower, to 5113, while the All Ordinaries finished 3.1 per cent or 165 points lower at 5193, handing back all of the gains in the lead up to the decision and more. The benchmark index now sits at its lowest point since April.
http://www.smh.com.au/business/markets/brexit-asx-posts-wors…
It's a non-event which journalists are idiotically describing as a major catastrophe because all they give a crap about is ad impressions. Is that where you got "almost 200 points" from?
So yes… as we're so tightly linked… I might take the Qantas offer… heck only saving me about $240, but it could slip further… being 3 yen clear is enough solace for me.
Thought… buy $10k yen @ special rate, sell back to $aud < > Profit? $$$
Important Notice
We are currently experiencing a high volume of visitors to our website and it may take longer than usual to browse qantascash.com, or to login to your account. We apologise for the inconvenience and appreciate your patience. If you require urgent assistance, please call 1300 825 825 302 within Australia or +61 1300 825 302 if you’re overseas.
you should press the reply button so people know you have replied to them :)
Qantas card is not that goood…. too many fees.
I imagine they will pull the promo if they can, so if you are going to act, do so fast.
Yep, I can't log in. Have been trying for the last two hours. Looks like Qantas is trying to avoid losing money.
Aussie dollar is dropping daily, buy.
What a joke, I should have pulled the trigger when I could have (when I first raised this thread), they pretty much locked their website down (about half an hour after this post) while the brexit was happening.
Rates now down to 70 yen.
It's no problem, aussie dollar has bounced back a little, to 75.5 yen. I'll stick with Citibank, hopefully recovers a bit more next couple of days.
I think the Japanese are not happy with how things progressed today, 6 months of monetary policy lost in one day!
theyve locked the site all day…I was lucky and got through and got USD at 73.24, they now decreased it to 70.52
Currency specualtion at the moment is just that, frankly trying to beat the market is just going to be fruitless, are you going for a holiday or going to be a currency trader.
Traders are selling, expecting it to drop. Other traders are buying, expecting it to rise. Like all deals, we will see who is wise AFTER the dust settles.
Anyone here is probably guessing as much as the next person.