Hello everyone, I've been following all the recent AUD threads...

Hello everyone, I've been following all the recent AUD threads with much interest recently, especially for the past 6 months. I'd like to request some advice / guidance from those of you who are familiar with hedging set-ups.

I currently work in the middle east, earning in a currency which is peeged to the $US. My intentions are to work here for up to 3 years, then move back to Australia, buy a house, settle down etc.

I had a savings strategy when I came here, which is now eroding significantly, and I really cant see much upside for the short to medium term. I am not that knowledgable on all things forex, and I would like to find out if I can protect my savings by hedging a falling $US. I believe the Aussie will continue to rise against the $US.

Would a good strategy be to short the USD/AUD? If the dollar continues it's slide, any reductions in my savings will be offset by the gains in the trade.

If the dollar finds strength, losses on the trade will be offset by gains in my savings.

If this is possible, how do I calculate what size trade to make (plus any other variables)?

If this is not a viable strategy what other alternatives do I have? I can hope they depeg (or lower the peg) against the dollar, but again not sure of the timeframes here, and it may not happen.

Appreciate any guidance, thanks in advance.