ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

johnbeth · 9 August 2011, 01:48 PM

Well for all Aussies out there, our advantage is dwindled away when purchasing goods from the USA. We had close to 10% advantage and now it's gone!

At least we have parity, which is a lot better then it used to be 10 years ago when our AUD only bought .55cents USD.

John

sleddog · 9 August 2011, 01:52 PM

I feel for you John and know what you mean.....
However, the markets are all volatile ATM, so the future is anyones best guess!

johnbeth · 9 August 2011, 02:13 PM

Quote:

Originally Posted by sleddog

I feel for you John and know what you mean.....
However, the markets are all volatile ATM, so the future is anyones best guess!

Just painfull to watch !

Oh well I wonder if there will be price decreases as now Rolex makes more money due to the currency gains???

sleddog · 9 August 2011, 02:18 PM

Quote:

Originally Posted by johnbeth

Just painfull to watch !

Oh well I wonder if there will be price decreases as now Rolex makes more money due to the currency gains???

One can only hope!

Ultraman · 9 August 2011, 06:22 PM

My daytona dream...

blackmsport · 9 August 2011, 07:12 PM

My goal to buy a sub here gone...... shattered..........

rolexsweep · 9 August 2011, 10:11 PM

geez did the market and dollar take a HIT!!

watchf · 9 August 2011, 10:16 PM

I am actually a little relieve that the exchange rate has fallen to almost parity as that means if I decide to sell my watch/watches here I do not have to put the price at a higher $US price in order to get a fair price in Aussie dollars.

johnbeth · 9 August 2011, 10:50 PM

Quote:

Originally Posted by Ultraman

My daytona dream...

There will always be a good deal from a TRF trusted seller.

Quote:

Originally Posted by blackmsport

My goal to buy a sub here gone...... shattered..........

Not to worry, it will still be cheaper to buy from a TRF trusted seller then an Aussie AD.

Quote:

Originally Posted by rolexsweep

geez did the market and dollar take a HIT!!

Got smashed more like it, and more to come unfortunately.

Quote:

Originally Posted by watchf

I am actually a little relieve that the exchange rate has fallen to almost parity as that means if I decide to sell my watch/watches here I do not have to put the price at a higher $US price in order to get a fair price in Aussie dollars.

Thats one way to put a positive spin to this!

2careless · 10 August 2011, 08:10 AM

I suppose the inconvenient truth is that when we buy watches, we are investing in unhedged USD dominated assets so we'll be putting faith in USD holding up. It's painful to see that the net worth of my watches dwindling in AUD terms, even though they hold up relatively ok in USD terms.

EE33 · 10 August 2011, 01:55 PM

The yoyo is slightly up today, but I wouldn't hold my breath that it stays this way for long.

sleddog · 10 August 2011, 02:00 PM

Quote:

Originally Posted by EE33

The yoyo is slightly up today, but I wouldn't hold my breath that it stays this way for long.

You'd turn blue if you did!!

EE33 · 10 August 2011, 02:06 PM

Quote:

Originally Posted by sleddog

You'd turn blue if you did!!

Or if the Aussie Peso went any lower............

johnbeth · 10 August 2011, 02:10 PM

Moved 3%. Long way to go to return back to the 1.10 levels.

EE33 · 10 August 2011, 02:14 PM

Quote:

Originally Posted by johnbeth

Moved 3%. Long way to go to return back to the 1.10 levels.

Took ages to hit that US$1.10 mark and a week to fall back to parity, Crap!

johnbeth · 10 August 2011, 02:16 PM

Instead of everything been pegged to the US$, it would be better if it was pegged to the Euro. Why we should buy oil, gold, etc with a currency that the its not even looked after by its own government.

If the US keep printing more money, their own currency will become worthless. We should learn from other countries that have done that in the past.

EE33 · 10 August 2011, 02:29 PM

Quote:

Originally Posted by johnbeth

Instead of everything been pegged to the US$, it would be better if it was pegged to the Euro. Why we should buy oil, gold, etc with a currency that the its not even looked after by its own government.

If the US keep printing more money, their own currency will become worthless. We should learn from other countries that have done that in the past.

The World seems to be infatuated with the greenback.

johnbeth · 10 August 2011, 02:35 PM

Quote:

Originally Posted by EE33

The World seems to be infatuated with the greenback.

I watched a show and the Arab oil countries wanted their price pegged to the euro. Go figure. Maybe they feel that is a better currency to make more money that way from currency hedging.

blackmsport · 10 August 2011, 03:01 PM

Quote:

Originally Posted by johnbeth

Instead of everything been pegged to the US$, it would be better if it was pegged to the Euro. Why we should buy oil, gold, etc with a currency that the its not even looked after by its own government.

.

at this rate, we will Peg to the Chinese Currency soon and the green bag will be like Zimbawe Dollar

johnbeth · 10 August 2011, 03:26 PM

Quote:

Originally Posted by blackmsport

the green bag will be like Zimbawe Dollar

Thats what I was thinking!

Dr. Robert · 10 August 2011, 03:41 PM

Auric G. was right......gold baby, gold!!!!!

blackmsport · 10 August 2011, 04:07 PM

Likewise, I should have believed in Spandau Ballet

gold
always believe in your soul
you've got the power to know
you're indestructable
always believe in,because you are
gold
glad that you're bound to return
there's something I could have learned
you're indestructable,always believe in

johnbeth · 17 August 2011, 09:50 PM

AUD is now 1.055US$
Its getting back to the highs again.

dsio · 19 August 2011, 01:43 AM

Quote:

Originally Posted by johnbeth

AUD is now 1.055US$
Its getting back to the highs again.

Just lost 2c again...

There is no stability in this at all.

bayerische · 19 August 2011, 01:45 AM

I'm heading for the US in october, my frequencies in visiting the US has certainly risen lately, as (part from NY hotel pricing) it's really cheap to visit the US!

This time I should definitely buy a watch while over there.

bayerische · 19 August 2011, 01:48 AM

I remember when the Euro vs USD rate was 1 euro gave me 90 cents US.

I thought it was a great deal at the time.

johnbeth · 19 August 2011, 01:48 AM

Quote:

Originally Posted by bayerische

I'm heading for the US in october, my frequencies in visiting the US has certainly risen lately, as (part from NY hotel pricing) it's really cheap to visit the US!

This time I should definitely buy a watch while over there.

Buying a watch would be perfect, providing on price of course!

bayerische · 19 August 2011, 01:49 AM

Quote:

Originally Posted by johnbeth

Buying a watch would be perfect, providing on price of course!

Indeed!

Even better if it is preloved!

johnbeth · 19 August 2011, 01:54 AM

Quote:

Originally Posted by bayerische

Indeed!

Even better if it is preloved!

dsio · 19 August 2011, 02:37 AM

Why is it that every time the stock market falls the media has to show us the same 10 stock images of guys staring at a chart of graph face-palming?

AFP:

CTV:

MoneyControl:

Telegraph:

A sampler:

Japan:

And then it goes on...

Nobody that invests in watches gets photographed like that every day...

9 August 2011, 01:48 PM	#1
johnbeth "TRF" Member Join Date: Jul 2010 Real Name: John Location: Australia Watch: Depends on mood. Posts: 9,536	AUD$ parity to USD$ Well for all Aussies out there, our advantage is dwindled away when purchasing goods from the USA. We had close to 10% advantage and now it's gone! At least we have parity, which is a lot better then it used to be 10 years ago when our AUD only bought .55cents USD. John

9 August 2011, 01:52 PM	#2
sleddog TRF Moderator & 2024 SubLV41 Patron Join Date: Jul 2007 Real Name: Rob Location: Nearby. Posts: 24,931	I feel for you John and know what you mean..... However, the markets are all volatile ATM, so the future is anyones best guess! __________________ He who wears a Rolex is always on time, even when late!! TRF's "After Dark" Bar & Nightclub Patron-Founding Member..

9 August 2011, 10:11 PM	#7
rolexsweep "TRF" Member Join Date: Jan 2011 Location: Australia Watch: RG DD40 Posts: 1,149	geez did the market and dollar take a HIT!! __________________ "Did you get that at retail?"

10 August 2011, 01:55 PM	#11
EE33 "TRF" Member Join Date: Feb 2010 Real Name: Des Location: China Watch: 16613 16710 116520 Posts: 2,841	The yoyo is slightly up today, but I wouldn't hold my breath that it stays this way for long. __________________ *TRFs "after Dark" bar and NightClub Addict* Punctuality is the courtesy shown only by Kings Dalip: "GTG posts are worthless without pics, absolutely worthless"

10 August 2011, 03:41 PM	#21
Dr. Robert 2024 SubLV41 Pledge Member Join Date: Dec 2009 Real Name: Bob Location: U.S.A. Watch: 1655 Posts: 64,294	Auric G. was right......gold baby, gold!!!!! __________________ Founder & Card Carrying Member of the Global Association of Retro-Grouch-Curmudgeons

9 August 2011, 06:22 PM	#5
Ultraman "TRF" Member Join Date: Apr 2009 Location: Australia Posts: 2,175	My daytona dream...

9 August 2011, 07:12 PM	#6
blackmsport Banned Join Date: May 2009 Location: Melb - Australia Posts: 2,959	My goal to buy a sub here gone...... shattered..........

9 August 2011, 10:16 PM	#8
watchf "TRF" Member Join Date: Feb 2011 Location: Australia Posts: 2,458	I am actually a little relieve that the exchange rate has fallen to almost parity as that means if I decide to sell my watch/watches here I do not have to put the price at a higher $US price in order to get a fair price in Aussie dollars.

10 August 2011, 08:10 AM	#10
2careless "TRF" Member Join Date: Dec 2007 Location: Melbourne, AU Watch: Pepsi Posts: 4,370	I suppose the inconvenient truth is that when we buy watches, we are investing in unhedged USD dominated assets so we'll be putting faith in USD holding up. It's painful to see that the net worth of my watches dwindling in AUD terms, even though they hold up relatively ok in USD terms.

10 August 2011, 02:10 PM	#14
johnbeth "TRF" Member Join Date: Jul 2010 Real Name: John Location: Australia Watch: Depends on mood. Posts: 9,536	Moved 3%. Long way to go to return back to the 1.10 levels.

10 August 2011, 02:16 PM	#16
johnbeth "TRF" Member Join Date: Jul 2010 Real Name: John Location: Australia Watch: Depends on mood. Posts: 9,536	Instead of everything been pegged to the US$, it would be better if it was pegged to the Euro. Why we should buy oil, gold, etc with a currency that the its not even looked after by its own government. If the US keep printing more money, their own currency will become worthless. We should learn from other countries that have done that in the past.

10 August 2011, 04:07 PM	#22
blackmsport Banned Join Date: May 2009 Location: Melb - Australia Posts: 2,959	Likewise, I should have believed in Spandau Ballet gold always believe in your soul you've got the power to know you're indestructable always believe in,because you are gold glad that you're bound to return there's something I could have learned you're indestructable,always believe in

17 August 2011, 09:50 PM	#23
johnbeth "TRF" Member Join Date: Jul 2010 Real Name: John Location: Australia Watch: Depends on mood. Posts: 9,536	AUD is now 1.055US$ Its getting back to the highs again.

19 August 2011, 01:45 AM	#25
bayerische "TRF" Member Join Date: Nov 2009 Real Name: Andreas Location: Margaritaville Watch: Smurf Posts: 19,879	I'm heading for the US in october, my frequencies in visiting the US has certainly risen lately, as (part from NY hotel pricing) it's really cheap to visit the US! This time I should definitely buy a watch while over there. __________________ Yeah, well, you know, that's just, like, your opinion, man.

19 August 2011, 01:48 AM	#26
bayerische "TRF" Member Join Date: Nov 2009 Real Name: Andreas Location: Margaritaville Watch: Smurf Posts: 19,879	I remember when the Euro vs USD rate was 1 euro gave me 90 cents US. I thought it was a great deal at the time. __________________ Yeah, well, you know, that's just, like, your opinion, man.

19 August 2011, 02:37 AM	#30
dsio "TRF" Member Join Date: Jun 2010 Real Name: Ashley Location: Brisbane Watch: Rolex Sub 1680 '79 Posts: 2,301	Why is it that every time the stock market falls the media has to show us the same 10 stock images of guys staring at a chart of graph face-palming? AFP: CTV: MoneyControl: Telegraph: A sampler: Japan: And then it goes on... Nobody that invests in watches gets photographed like that every day... __________________ -- Omega Seamaster Grand-Lux Stepped Pie-Pan 14K Gold OJ2627 '53 -- -- Omega Cal 320 Chronograph 18K Gold OT2872 '58 -- -- Omega Cal 321 Speedmaster Pro 145.012 '67 -- -- Rolex Submariner 1680 "Ghost" '79 -- -- Rolex SS Daytona 116520 '04 --

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)