G'day /biz/, first time poster Us Ausfags are suffering

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Anonymous
2016-01-28 10:17:49 Post No. 1065246
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Anonymous 2016-01-28 10:17:49 Post No. 1065246 [Report]

G'day /biz/, first time poster

Us Ausfags are suffering from a real shitty USD exchange rate at the moment.

I was planning on making some purchases from the US in the coming weeks, but PayPal reams you exchange rate wise and credit cards aren't much better.

Is there any tips on how to maximise my AUD/USD exchange?

Pic related, me when I look at the exchange rate

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Anonymous 2016-01-28 10:48:54 Post No.1065266
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Anonymous 2016-01-28 10:48:54 Post No.1065266 [Report]

>>1065246
You could take out a 2x leveraged long position on the AUD/USD that will make up your losses on the purchase when the AUD returns to parity with the USD when the commodities market recovers.
not financial advice etc.

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Anonymous 2016-01-28 11:31:56 Post No.1065286
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Anonymous 2016-01-28 11:31:56 Post No.1065286 [Report]

>>1065266
>not financial advice etc.
Yeah, no shit.
That's straight up retarded speculation, not a hedge.

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Anonymous 2016-01-28 12:43:57 Post No.1065328
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Anonymous 2016-01-28 12:43:57 Post No.1065328 [Report]

>>1065246
Wait until the US Fed has to concede they're back into a recession and the USD tanks. Put off those purchases until the 4th quarter, maybe 1st 2017