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Given the current state of the economy and the future out look, what would be the best option for someone who has to move pounds to either AUD or USD? What would be the advantages or disadvantages of either? I am an Australian national currently living in the US and will eventually end up back in aus.

closed as primarily opinion-based by Brythan, Dheer, Pete B., Nathan L, MD-Tech Feb 21 '18 at 13:11

Many good questions generate some degree of opinion based on expert experience, but answers to this question will tend to be almost entirely based on opinions, rather than facts, references, or specific expertise. If this question can be reworded to fit the rules in the help center, please edit the question.

  • eventually end up back in aus When exactly ? – DumbCoder Feb 19 '18 at 17:30
  • Most likely within the next 2-5 years – user6817295 Feb 19 '18 at 17:31
  • Funnily enough I had a business dealing in the AUD/USD pair (this was in the late 90s) and I decided to take a position (so, over like 4 years) and indeed the outcome was a fat-ass win. But on any number of other position trades over the decades I've had a loss, and I could be telling you "... and I had a big loss!" – Fattie Feb 19 '18 at 18:52
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Unfortunately it is absolutely impossible to guess which way the currency pairs will move.

Any opinion, whatsoever, you are given (here or elsewhere) is purely opinion.

Here's a long term chart ...

enter image description here

You could easily argue it's heading down, or you could easily argue it's heading up.

It's important to realize that in any opinion you see, the rationale for that guess will be based on one of two things:

Either so-called "fundamental" issues, or so-called "technical" issues.

  1. "fundamental" rationales are things like "the population is changing so..." "because of Uranium..." "due to the pipeline..." "with factories closing...".

These are sheer guesses, and - moreover - any causality is a sheer guess.

Similarly if someone gives you

  1. "technical" opinions are based on the charts, i.e., based on price and volume history. So, something like "we're near a double-top!" or "volume has peaked so that ..." etc.

These are sheer guesses, and - moreover - any causality is a sheer guess.

It's absolutely impossible to know.

BTW IMO the AUD/USD pair is particularly "tricky"; it's a pair that "experts" and TV hosts often get wrong and that often moves contrary to noisy predictions. (Ask any active currency trader this, they'll tell you it's a tricky pair.) Tough one!

  • Thanks @Fattie, it is indeed a tough one. I have long been observing the AUD/USD relationship and its volatility and agree entirely. I'll have to further ponder what to do here. – user6817295 Feb 24 '18 at 22:01
  • You're basically "screwed" ! it's a tough one. There's no real solution. I'm sorry! :O – Fattie Feb 24 '18 at 22:08

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