Quote:
Originally Posted by mick pinner
so if you can wait order it today and get it at todays exchange rate? would this be correct? maybe a retailer could reply.
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It is possible.
However, many US manufacturers have long wait/delivery times
(eg Paramounts are currently running at about 3 months...and Astro-Physics....8 years and counting!!).
Sure if you want to pay up-front, the retailer should be able to do a forward hedge (the banks never give you a rate quite as good as the spot rate) or use a $US trading account....but even then, who is to know where the $A will be next week, let alone in 3 months, and this may significantly effect shipping and GST on landing.
Unfortunately the $A is the 5th most traded currency in the world, yet accounts for just 2% of the worlds economy. Speculators push it all over the place, while the Reserve sits there and does SFA to stop it.
The fact that it can, and has, lost 10% of its value in a few days is disgraceful.