Need advice on what to do with my AUD

[keeno157]

Hi all. I'm from England and have been working and travelling Australia for the past 18 months and plan on leaving in June. I currently have $25k aud in the bank and should have another 25k when I leave. With the aud not doing so well I was wondering what the best option for me would be to maximise the value I can get from it. I understand moving it right now would probably be the wisest move as aud is likely to continue to weaken. I am still reluctant to move my money back to England at such a poor rate. I plan to leave Australia in June and travel Asia for some months before arriving back into England near Christmas 2014. I am then heading to South America for a year where I know the USD is pretty prominent and plan on spending $25k during the year. I would also have 15-20k in tax and super to claim back when I leave. What should I do with my money? Should I just bite the bullet and move it back to England now?

 

[tech/a]

Re: Need advice on what to do with my AUD.

AUD will rise if the EURO Zone keep printing money---diluting their currencies value.
AUD will fall if they restrict or stop printing money.

The AUD is falling against the USD at the moment.
"D"day is Jan so it seems that the US wont be printing money Carté Blanché

 

[prawn_86]

I am still reluctant to move my money back to England at such a poor rate.?

Historically above 0.90 is still an extremely good rate, in fact it is still 10% above the long term average

AUD will rise if the EURO Zone keep printing money---diluting their currencies value.
AUD will fall if they restrict or stop printing money.

Not exactly. If the US tapers then the carry trade is not going to be as attractive and you will see money leaving Aus for the US. I would bet my left nut that when tapering is announced the AUD will fall against everything, even if Europe is still printing money.