Anyone else cleaning up?
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Join Date: Nov 2002
Location: Middle East
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Anyone else cleaning up?
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
Anyone else in the Middle East seeing this happen? Good time to be here.
Can you believe this is First Officer pay!!! on a wide body Airbus
Anyone else in the Middle East seeing this happen? Good time to be here.
Join Date: Sep 2006
Location: Near water
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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!!
Or in a Piggy...., sorry Turkey Ham bank.
GO USD!!
Join Date: Jul 2007
Location: Close to Beer
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@ 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
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
Join Date: Aug 2005
Location: Too far from the equator
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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.
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.
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.
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.
Yep cleaning up is a word I can empathize with! Its good to be payed in a currency pegged to the USD for once
!
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!
!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!
Join Date: Apr 2005
Location: Ireland
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Typical
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?????????
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?????????
Join Date: Mar 2001
Location: The Palm
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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
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
Join Date: Feb 2002
Location: UAE
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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.
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.
Last edited by Togalk; 25th Oct 2008 at 19:06.
Join Date: Sep 2007
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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.
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.
Join Date: Aug 2005
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Whiners
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.
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.
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
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
