Ops sorry it's my own experience after and still studying there for 4 years.. coz when i get back here to change currency it's always higher than other time of the year.

maybe i should do some research since i graduated vit bachelor of econs n now doing postgrad for accounting,sorryla i didnt take postgrad for econs if not this will be my thesis
Added on July 5, 2007, 3:50 pmQUOTE(KVReninem @ Jul 4 2007, 01:30 PM)
really?
http://finance.yahoo.com/currency/convert?...=MYR&amt=1&t=2ybased on this ....it doesnt really like wat u said, besides, the exchange rate is like 05 yr now..if it keep going up ..bad for us student..
So your main point is that the rate is similar to 2005 right? Sure that is what I'm just trying to say the rate rises during this time of the year and early of the year.
Added on July 5, 2007, 3:54 pmQUOTE(RBR @ Jul 4 2007, 02:43 PM)
Are you saying that the Australian dollar rises because of students and tourists and not because of a booming economy and high commodity prices?
Do you have any articles to back this up? I'm sure the Reserve Bank would be very interested to know about it.
First, Australian economy runs under a Managed Floating Exchange Rate. So even if their economy is affected by student,tourists or commodity prices.. there is still an invinsible hand controlling the economy/exchange rate. They will try to do it to their own best interest just like what Malaysia is doing now. Go read Australia n Malaysia exchange rate policy first
Added on July 5, 2007, 4:06 pmQUOTE(haya @ Jul 5 2007, 10:43 AM)
Wow. I thought this thread had died.
The AUD just breached the 2.95 mark, and at the rate this is going, we're going to see 3.0 by the end of this year. The NZD isn't any much better, hovering close to 2.7 to the AUD. On the bright side, it has been good for NZ tourists, who have never seen the AUD and the NZD (1.09) so close to each other.
Interest rates are damn high, and everything is going up, in Brisbane at least. Petrol is still stubbornly $1.20/litre. Bus fares gone up. Vege prices in the supermarkets are also a bit high. Rent is also rising. The exchage rate isn't helping either.
And aobk84, ignoring your (lack of) English, can you prove any data to back yourself up? Usually it is the middle of the year, the AUD and the NZD drops. This year is an unusal outlier (I hope).
So now you are saying the exchange rate will be 3 end of this year? (I assume you have a very good data to back yourself up?)
About NZ tourists benefiting from the rise in their rate, is that the best you can conclude from such increase? Do you know what their main exports and imports are? It is agriculture and with such rise, their exports will be hurt. Plain simple Economics. I doubt their government is concern about NZ tourist benefiting from such rise in rate.
Do you know the main thing interest rate rise is to curb the increases in prices/spending. It is not because Interest Rate is high that causes everything to goes up.
For a conclusion, I gotta admit my English is not perfect/excellent. I wonder how good is yours. Now back to you asking me about the prove I have to back myself up. That was just my own experience after studying and converting money for 4 years. I basically convert every month of the year so that is what I see the trend as. The reason i'm not sure.
You say it's an unusual outlier, well maybe.. that's your own opinion right? Well, so it's mine!
This post has been edited by aobk84: Jul 5 2007, 04:06 PM