Hong Kong and Australian Dollars - when will be a good time?

Posted by solowinds (43 days ago)

We have a chunk of HKDs sitting in our bank which we need to convert to AUD some time over the next 6 months or so. What we want is to find out more info about the exchange rate predictions etc. Does anyone know how we might best do this? Any advice is appreciated.

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Posted by LaBob (41 days ago)

last time when AUD/USD was above .9000 (not too long ago), everybody in the world is thinking about or doing the exact same thing you are asking now. then the sht hit the fan and AUD went down to .6000 and kicked everybody in the butt(including some big bosses in hk, whom we all know now)... so now 7 month later AUD back to the high, you start to think again.... my only advice is...there's no free lunch in the speculative world. If i know nothing about the market. I will just wait for the 10 year US treasury to go to above 5% and lock in my return. (it is hard to imagine inflation goes above 5% over the long run, but anything is possible)

Posted by frozenturkey (26 days ago)

I am predicting a second sudden drop in the AUD. All you need do is wait. It may well have already begun.