Exchange rates and Thundersky batteries

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mattW
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Post by mattW » Wed, 18 Mar 2009, 05:10

Hey guys,
I'm finally making progress in saving for my 72V 60Ah TS battery pack for my motorbike, it looks like I'll be able to order them is april/may. But with the AUD diving against the USD I was worried until I saw this graph:Image

Our dollar is up 50% on the Yuan from this time last year... Does anyone have the current prices on Thunderskys?
Last edited by mattW on Tue, 17 Mar 2009, 18:26, edited 1 time in total.

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Post by coulomb » Wed, 18 Mar 2009, 05:47

mattW wrote: Our dollar is up 50% on the Yuan from this time last year... Does anyone have the current prices on Thunderskys?

Urm, no, more Aussie dollars to the Yuan (even if the number is less than one) means that the Aussie dollar is weaker.

I believe that the Yuan is pegged to the US$, apart from rare corrections, so the price in US$ remains constant. The graph you see is actually the collapse of the AU$ verses the US$ over the last 9 months or so.

In the last few days, the Aussie has rallied from under US64c to almost US66c, following the first sign of life from a US bank since the start of the crash. (It doesn't take much to get bean counters excited and overreact). When shares and commodities go up, so does the AU$, since it's considered a "commodities currency" (all that iron ore etc. that we export).

So things seem to be positive for buying batteries, at least for the very short term. The other way to look at it is that the AU$ has been near US65c since about last November (with a couple of spikes to US70c). So it may stay there for a while; if so, you won't get more than a few percent benefit or cost by buying now compared to later.

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Post by jackhyq » Wed, 18 Mar 2009, 07:33

Why ask TS 's price ? Image
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Post by juk » Wed, 18 Mar 2009, 10:24

July 21 2005 (Bloomberg) -- China ended its decade-old peg to the dollar and said it will let the yuan fluctuate versus a basket of currencies, responding to criticism from the U.S. and Europe that its currency was undervalued.

The new yuan rate strengthens the currency by 2.1 percent to 8.11 per U.S. dollar immediately, the People's Bank of China said on its Web site. Until now, the yuan had been pegged at about 8.3 per dollar. The bank said it will continue to maintain a trading band of 0.3 percent

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Post by coulomb » Wed, 18 Mar 2009, 16:33

juk wrote: July 21 2005 (Bloomberg) -- China ended its decade-old peg to the dollar

Oops! Image

That'll teach me not to research my posts.

The Yuan has been appreciating to the US$, and the US$ to the AU$, and the AU$ to the NZ$ (since October). So we have a double or triple whammy there.

For EV purchasing purposes, let's hope that the recent rally continues. AU$ = US66.22c this morning.

Or maybe we could establish manufacturing here? What a concept. We can run robots too, you know.

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Post by roddilkes » Sun, 22 Mar 2009, 04:52

.
Last edited by roddilkes on Sun, 05 Apr 2009, 20:27, edited 1 time in total.

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Post by Thalass » Tue, 24 Mar 2009, 21:16

Manufacture things here? Surely not!

I'm eyeing the exchange rates warily, too. I've already cancelled a project because the price doubled in a couple of months - and that was only a $50 project! haha
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Post by coulomb » Wed, 03 Jun 2009, 14:50

The Aussie dollar is doing rather well at present: US82c

Image

From http://au.finance.yahoo.com/currency/co ... amt=1&t=3m
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Post by Johny » Wed, 03 Jun 2009, 15:45

The dollar - how long does one wait?
Will it turn over soon?
Will I get an ulcer?
How long can you reasonably store Lithium batteries waiting for the car?

This last question isn't rhetorical.

Edit: Removed old reference.
Last edited by Johny on Wed, 03 Jun 2009, 05:46, edited 1 time in total.

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Post by woody » Wed, 03 Jun 2009, 15:53

a slightly different take on the currency situation is that you can change your currency now, and buy the batteries later. Sound financial advice would say change over half the money now, and half later to average out the currency. I.E. if it goes up, you're better off than having changed it all now, if it goes down, then you are better off than changing it all later.
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Post by Johny » Wed, 03 Jun 2009, 16:12

I had thought about that but don't really know how to go about it.

The other thing is that about 4 times in the last month I've thought "that's it, it's got to be going down now", then it keeps going up. Financial people are saying we should hit 90c before too long - but they have been wrong before. (Source is talk-back ABC radio).

Are there tax repercussions in buying US$ then later using it to but from overseas?

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Post by Squiggles » Wed, 03 Jun 2009, 21:44

woody wrote: a slightly different take on the currency situation is that you can change your currency now, and buy the batteries later. Sound financial advice would say change over half the money now, and half later to average out the currency. I.E. if it goes up, you're better off than having changed it all now, if it goes down, then you are better off than changing it all later.


Yep, currency hedging and futures. Good business practice for wise managers, quite a few unwise ones got it wrong though!!

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Post by juk » Thu, 04 Jun 2009, 01:04

This is the mess you get into when all the currencies available are faith based.

Johny:
There are no taxation implications without a realised capital gain, and you can't measure a capital gain in batteries. So ensure that you spend all your gains.

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Post by acmotor » Thu, 04 Jun 2009, 01:49

roddilkes wrote: .


So Rod, was that a dot point you posted ? Image

Me thinks it may have been a special price on TS ??
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Post by Squiggles » Thu, 04 Jun 2009, 02:03

What did you guys say to Rod?
All his posts have been edited to .

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Post by acmotor » Thu, 04 Jun 2009, 04:50

Maybe a clue ?

From the ev-power website...

EV POWER is transforming into EV WORKS PTY LTD.
As of May 2009 EV Power is merging with two other companies to form one larger entity named "EV WORKS PTY LTD". The parties concerned are ZEVA (Ian Hooper) and EVWA (Robert Mason). The company is based in Perth WA and will distribute batteries and parts across Australia. It also has a research and development focus bringing dedicated EV electronics to market as it is able. The merger is expected to be completed by July 2009.
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Post by Thalass » Thu, 04 Jun 2009, 06:43

Thats... interesting. And hopefully good.

Maybe a 3PIM controller will be in the works, too! :P
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Post by zeva » Thu, 04 Jun 2009, 23:11

OH NO! The cat's out of the bag a little early...

But yes, it's true. Rob Mason, Rod Dilkes and I recently decided to start a joint venture "EV Works". We've all been in the EV game for some years now but came to the conclusion that we needed to be part of a larger venture to really get things done.

I'm pretty excited about where we're heading. The two main sides of the business will be parts sales and product development. We intend to carry the combined product ranges from ZEVA and EV Power, plus more - probably the largest range for EVs ever offered in Australia. The web store is under construction at present and should be live in the next couple of weeks.

Hopefully by consolidating the parts supply side, Rod and I will have more time available to continue our R&D work. It's particularly exciting for me because Rod Dilkes has experience with getting prototypes to production, and Rob Mason has experience with the manufacturing side, so with their combined knowledge we're hoping to get this DC motor controller to market within the next few months. And yes, there's also 3PIM and PMSM development in the pipeline..

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Post by Johny » Thu, 04 Jun 2009, 23:16

Bookmarked!

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Post by weber » Wed, 10 Jun 2009, 22:39

Johny wrote: The dollar - how long does one wait?
Will it turn over soon?
Will I get an ulcer?
How long can you reasonably store Lithium batteries waiting for the car?

This last question isn't rhetorical.

Your non-rhetorical question may be addressed here
http://tech.groups.yahoo.com/group/Thun ... ssage/2695
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Post by coulomb » Thu, 11 Jun 2009, 01:34

Perhaps you meant this post:

http://tech.groups.yahoo.com/group/Thun ... ssage/2690

where Sky Energy are making noises about increasing the price of their LiFePO4 cells by 5c/Ah.
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Post by acmotor » Thu, 11 Jun 2009, 07:12

Ian, it was hardly a secret !
Sounds great. Image

But why has Rod gone dotty ?    Image
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Post by coulomb » Sat, 27 Jun 2009, 16:43

It seems to me that the AU$ is settling around the US80c mark now, so it seems that the rise is over for a while.

Image

So now might be the time to buy batteries and other things that we can't or won't make in Australia. That is, if you have any money to spend.
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Post by Squiggles » Sat, 27 Jun 2009, 16:57

You can be sure that the Government will intervene and get the volatility back. Sure as hell they don't want stability. Very hard for their mates to make a buck when things are stable.

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