Anyone else cleaning up?

[Wings Of Fury]

With the current exchange rate between Australia and the country I work saw my first pay check over $20,000 AUD (for the month)
Can you believe this is First Officer pay!!! on a wide body Airbus :ok:

Anyone else in the Middle East seeing this happen? Good time to be here.

[BlueSkye]

This post is a radical departure from the trend we saw a couple of months ago. The GBP1 = USD2+ era. And I couldn't agree with you more. "Cleaned up" the 14,5% mortgage and for the first time in my life I am debt free. The question know is where to park all the excess cash. Probably under the matress for a while.

Or in a Piggy...., sorry Turkey Ham bank.

GO USD!!

[Wings Of Fury]

Can any other First Officer top $20,000 AUD..... 10,600 Euro..... or 8560 GBP?

:ok:

[OMRK]

@ LR3,

you need to check up on the exchange rate, the official mid-market rate right now says 20.000 aussie $ is 45,534.49 AED.
Still a bit more than what your friends are making, but not as much as you said it to be.
Compared to my currency the dollar has gained about 40% since this summer, and is at a record high for the 4 years I've been here, so all my savings are on the way to the old country as well :ok:

[Mister Warning]

Yesterday the Oz $ had the biggest one day drop since 1976.
Payday tomorrow.
Bring it on - $28K. Beat that Qantas!

[kotakota]

I have been in Oman 4 months and have ( as of today ) had a 20% payrise in Sterling terms . This still does not match the drop in value of my UK house !!
It also might damage any discussions on payrise . Airlines that sell their tickets in GBP and OZ Dollars etc will see their income in local currency decrease ?
Swings and roundabouts.

[Metro man]

01 JAN 2008 AU$1 = SIN$1.2595
24 OCT 2008 AU$1 = SIN$0.9298

There's a few of us over in Asia smiling as well. :)
Recent interest rate cut and more likely to follow haven't hurt either for those of us with mortgages.

[TWOTBAGS]

Yep cleaning up is a word I can empathize with! Its good to be payed in a currency pegged to the USD for once:E!

I have been looking at a house back in Oz and in $A terms it’s the same price……..

In US$ terms I have just saved myself over US$200K!! and that really helps!

12 months ago a finance mate of mine back in Sydney predicted that the A$ would hit 0.70 $US by the end of 2008, their reasoning at the time was they thought the new Rudd govt would take their hand off the tiller and the place would go funny.

I spoke to him yesterday he now believes it could be stable at 0.50 $US by the first quarter of next year

BRING IT ON!:}

[Togalk]

Its about time!!!!!! 4 years I have been waiting for this.
Nov. 8/ 07 35,000 DHS = $8728 CDN
Oct. 25/08 35,000 DHS = $12,110 CDN

Now, where is our ERP???? Bring it on!!!

[RFusmoke]

TAKE THE BAIT GUYS.

us MANAGERS ARE DELIGHTED WITH YOUR "NEW FOUND WEALTH"

so it wasnt our fault afterall....YOU are overpaid and a Little stupid.....see you next year !!

ERP?????????????????????????WHAT IS THIS?????????

[fractional]

Whistle blower!!! Needless to fanfare it!
Before heading zzzzz and be another hour adrift from home, here a good piece of info from BBC. It's a good way to perceive what has been happening: BBC NEWS | Business | Audio Slideshow: A guide to the credit crunch (http://news.bbc.co.uk/2/hi/business/7688308.stm)

[Togalk]

You must be management, you are stupid. ERP = Exchange rate protection.

Our management, while not the brightest, probably know what is going on in the world with regards to exchange rates to not have to resort to Pprune to get their info.

[downNOgreens]

Listen to you guys. When the US dollar was taking a beating, you cried foul and demanded the same foreign take home pay.
Now that it's soaring, maybe it's time for a pay cut.
Shoot me if you will, but I'm also enjoying the sudden turn of events. Just playing the devil's advocate to prepare you for the next stand-off with the bean counters.

[Wings Of Fury]

LR 3,

I do not work in the UAE.

[gimmesumvalium]

The currency exchange rates are very volatile. You could very well be crying in 6 months.

[Fearless Leader]

6 months ago some were literally crying about the exchange rates...........

Now some bloody idiot is crowing about ...new found wealth, because of the exchange rates.

Will you ever learn?

Give it a rest and enjoy while you still can.

[halas]

What is a better ERP?

Am happy with what is going on since l got here seven years ago.

Currency goes down l get up to 2800 dids extra - don't send money home.
Currency goes up l get over 30% pay increase but no ERP - send money home.

halas

[Trader]

I don't think anyone should worry about the company! The ERP payouts decline so they save money - everyone is happy!!!