Currency rates (added every week or two).

[griffin]

I like to keep track of the currency exchange rates, and where they are going... and it gives a rough idea of what something from Overseas will cost.

Every week or two I'll post up the main five currencies, from the xe.com website (http://www.xe.com/currency/aud-australian-dollar), which gives updated rates every 60 seconds.

As noted in another thread recently, the figures quoted by xe.com (and other sources) are just the starting rate. The actual rate your bank or online purchase will calculate will be adjusted by several percent for their own commission/profit for the transaction. So if you are buying something in US$, the rate will be a few US cents less than the figure quoted by xe.com, but if you are buying back AU$ from US$, the rate will be a few US cents more.

As of 7th May, according to xe.com, these are the current rates for AU$1

- US$ - 0.7528
- GB£ - 0.4979
- JP¥ - 75.18
- EU€ - 0.5666
- NZ$ - 1.28

[i_amtrunks]

- US$ - 0.7528

Thats crazy! The AU$ was at US$0.745 this time yesterday, and then last night then had dropped to US$0.738 or something.

[griffin]

We had better than expected jobs figures, and the recent surges in commodities has helped.

[griffin]

As of 21st May, according to xe.com, these are the current rates for AU$1

- US$ - 0.7758 (up)
- GB£ - 0.4999 (up)
- JP¥ - 74.29 (down)
- EU€ - 0.5663 (almost no change)
- NZ$ - 1.277 (almost no change)

[griffin]

As of 20th June, according to xe.com, these are the current rates for AU$1

- US$ - 0.8048 (up)
- GB£ - 0.4908 (slightly down)
- JP¥ - 77.86 (up)
- EU€ - 0.5781 (up)
- NZ$ - 1.253 (down)

[16364279]

thanks alot this thread is going straight to my favourites.

[griffin]

As of 30th June, according to xe.com, these are the current rates for AU$1

- US$ - 0.8106 (up)
- GB£ - 0.4875 (slightly down)
- JP¥ - 77.74 (slightly down)
- EU€ - 0.5746 (slightly down)
- NZ$ - 1.241 (down)

[griffin]

As of 25th August, according to xe.com, these are the current rates for AU$1

- US$ - 0.8350 (up)
- GB£ - 0.5094 (up)
- JP¥ - 78.49 (up)
- EU€ - 0.5845 (up)
- NZ$ - 1.220 (down)

[MV75]

5th September 2009

AUD/USD 0.8505
AUD/EUR 0.5949
AUD/GBP 0.5191
AUD/JPY 79.13

[griffin]

As of 1st October, according to xe.com, these are the current rates for AU$1

- US$ - 0.8835 (way up)
- GB£ - 0.5532 (way up)
- JP¥ - 79.59 (up)
- EU€ - 0.6033 (up)
- NZ$ - 1.223 (slightly up)

[1orion2many]

:)I'm off to ebay:D

[Kyle]

:eek::eek::eek::eek::eek::eek::eek::eek::eek:
:D:D:D:D:D:D:D:D:D

[griffin]

As of 16th October, according to xe.com, these are the current rates for AU$1

- US$ - 0.9259 (way up)
- GB£ - 0.5666 (up)
- JP¥ - 83.93 (way up)
- EU€ - 0.6190 (up)
- NZ$ - 1.237 (up)

(Thanks to the interest rate rise, and more to come, the AU$ is up across the board, and some are predicting 1 to 1 with the US$ within months)

[snaketales]

the AU$ is up across the board, and some are predicting 1 to 1 with the US$ within months)

WOOO-HOOOO!!!!!!!!!!

now if only i had some room on the credit card....:(

[griffin]

Can't believe it has been so long since I last updated this.
Since that last posting, we saw increased optimism in America, strengthening their currency and in turn, weakening ours.
But it was short lived as the focus returned to the rest of the world (especially our region), which was already growing, the steady increase in the price of commodities (raw materials, that we have heaps of), has helped continue to strengthen our own economy, and currency.
So after the AU-US rate dropped to about 85c in a week, it had regained what it lost within a couple months, and is now back a bit.

As of 25th January, according to xe.com, these are the current rates for AU$1

- US$ - 0.9072 (down)
- GB£ - 0.5631 (about the same)
- JP¥ - 81.85 (down)
- EU€ - 0.6404 (up a fair bit)
- NZ$ - 1.266 (way up)

[Zippo]

Its getting too expensive for the old hop over the ditch trip for New Zealanders.

$780AU = $1000NZ
Which takes longer to earn.

[kup]

The AU dollar has been dropping steadily in the last few days:

$US - 0.897

:(

[bboy-toransufoma]

hahhaa thank god it's up against the Malaysian Ringgit...just in time for my holiday...it's now $AU1 buys RM3....SWEEEEEEEET!!!! Gonna live like a GOD over there.....*Galvatron laugh from Headmasters*:D

[bboy-toransufoma]

Better buy now if you see some good deals Stateside then....as the US economy recovers...it'll only get worse for buyers


The AU dollar has been dropping steadily in the last few days:

$US - 0.897

:(

[kup]

Yep the dollar keeps falling, its now 0.884

[griffin]

As of 10th February, according to xe.com, these are the current rates for AU$1

- US$ - 0.8749 (way down)
- GB£ - 0.5595 (down a little)
- JP¥ - 78.21 (down)
- EU€ - 0.6361 (down a little)
- NZ$ - 1.264 (about the same)

[griffin]

As of 22nd February, according to xe.com, these are the current rates for AU$1

- US$ - 0.9001 (up)
- GB£ - 0.5820 (up)
- JP¥ - 82.38 (up)
- EU€ - 0.6606 (up)
- NZ$ - 1.285 (up)

[griffin]

As of 16th April, according to xe.com, these are the current rates for AU$1

- US$ - 0.9325 (up)
- GB£ - 0.6038 (up)
- JP¥ - 86.39 (up)
- EU€ - 0.6884 (up)
- NZ$ - 1.308 (up)

[liegeprime]

oooh good time to buy in US now:)

[5FDP]

Check the paypal exchange rate though if paying using that method. I always find them to be lower than the official exchange rate.

[MV75]

Check the paypal exchange rate though if paying using that method. I always find them to be lower than the official exchange rate.


That's because the "exchange rate" is an average of the true buy/sell rate. It's easier to straight report the average rather than both seperate rates.

[llamatron]

Check the paypal exchange rate though if paying using that method. I always find them to be lower than the official exchange rate.

For the USA subtract about .02 cents from the XE rate to get roughly what Paypal will be using.

[Lint]

is it really only .02 cents? I swear its more like a full 2 cents.

[griffin]

That's probably what he meant, as most currency conversions (banks, airports, paypal) adjust a couple cents/percent to make their profit, and some then add a fee on top just to be sure they make money.

[llamatron]

Sorry yes I meant a full 2 cents, but when looking at the rate it's presented as a ratio so an xe rate of 0.92 equates to a paypal rate of roughly 0.9

[DarkHyren]

Sorry yes I meant a full 2 cents, but when looking at the rate it's presented as a ratio so an xe rate of 0.92 equates to a paypal rate of roughly 0.9That's how I figure it out roughly too, and it normally works well.
Though the other day I paid for something with PayPal and even though XE said the rate was 0.93 PayPal charged it at 0.90.
Not sure how that happened -_-

[griffin]

Official Currency rates can change suddenly, and it can take time for banks and paypal to adjust their own - kinda like the big banks with mortgage rates (quick to change when they go up, slow to change when they go down).

[griffin]

As of 7th May, according to xe.com, these are the current rates for AU$1

- US$ - 0.8886 (way down)
- GB£ - 0.5986 (down)
- JP¥ - 81.62 (way down)
- EU€ - 0.7016 (up)
- NZ$ - 1.250 (way down)

I almost updated this last night, but the market had a big shift today, which affected the exchange rate in a big way - the US$ dropped by about 2cents.
The dollar should recover again slowly, but it might take time while there is unrest with global currencies, due to the Euro losing value with the Greece problems.

Typical, just in time for the BotCon registration (which is likely to be out before the currency recovers), so this plunge will cost us more with registration expenses.

[snaketales]

As of 7th May, according to xe.com, these are the current rates for AU$1

- US$ - 0.8886 (way down)


:eek:

Glad I did my big spend during the past couple of weeks when it was reaching US$0.93

[llamatron]

Super pissed that this happened a few days before Botcon reg opens up. >:(

[kup]

Thank Primus I made a big purchase when it was on 0.93c.

I am very unlikely to spend large amounts of money on a single buy in the foreseeable future.

[DarkHyren]

Super pissed that this happened a few days before Botcon reg opens up. >:(Same here, a real kick in the head :mad:
Hopefully we'll see a slight increase before then though...

[griffin]

As expected, our currency to the US$ has rebounded to about what it was a week ago. Last week's problems in Greece may well impact on Europe's growth, but ours is pegged to China's growth, which is once again consuming as much of our resources as it can. Something that should insulate our economy and currency.
(for those wondering - right now, AU$1 = US$0.9018)

[griffin]

Looks like other global market issues this week is rattling resources and currency markets, and the AU$ is dropping fast (which is typical, for those going to order BotCon attendee and non-attendee sets).

Since I posted the figure above a week ago, the dollar has dropped half a cent per day, down to US$0.87 today.

That's 6c in the last month, which will add about AU$20 to the cost of the boxset.

[llamatron]

US$0.85 today for Botcon Registration.

>:( AAAAAAAAARGGGGGGGHHHHHHHHH

Corresponds to a loss of about $50 for a Primus package and bagged set compared to the rate from a few weeks ago.:mad::mad::mad::mad::mad:

[griffin]

As of 24th May, according to xe.com, these are the current rates for AU$1

- US$ - 0.8315 (way down)
- GB£ - 0.5774 (down)
- JP¥ - 75.23 (way down)
- EU€ - 0.6713 (way down)
- NZ$ - 1.233 (down)

[griffin]

As of 6th June, according to xe.com, these are the current rates for AU$1

- US$ - 0.8237 (down)
- GB£ - 0.5699 (down)
- JP¥ - 75.56 (slightly up)
- EU€ - 0.6885 (up)
- NZ$ - 1.228 (down)

Talk about a rollercoaster ride for the AU$ - the other day it got up to US85c and I thought it was on its way back up, but then it's plunged again in the last day or two. Until they sort out the Mining Tax thing, our currency is going to be unstable as investors guess how its going to play out (which might go on until the next federal election).

[foor]

The dollar's creeping back up to 86 now.

Please go higher... PLEASE!!

[griffin]

Went to a travellex exchange to get some small change US currency (for minor expenses), and not only did they make a 5c commission (the current rate is 86c, and they used 81c instead of just 2-3c that most places do, including paypal), but they also charged $9 commission fee.
Commission should be one or the other, not both.

BTW, it's good to see the rate has crept up to US$0.86 at the moment - just in time for botcon.

[foor]

Travellex is a total ripoff. I learnt never to deal with them. Sorry to hear about your misfortunes Griffin. There are better places that don't charge commission, like the chinatown money changers. But if you're like me and live in the boondocks, the amex fx4you site isn't too bad, and they only charge a $4 service fee.

Anyway, the dollar's reached 87 now! Maybe back into the 90's by Botcon time?

[Saintly]

I prefer to use AusPost for FX if I know that I'm heading overseas.

Their rates is the same as AMEX website and they don't charge any commission.

You do need wait 48hrs for the money though.

[griffin]

I only wanted a US$100 for any initial expenses before I find an ATM in America. The currency exchange I do most will be ATM withdrawals (so will be NAB's fees), as people will be depositing money into that account for me to use (and means I don't have as much money travelling with me in person, to lose).
Fingers crossed for an extra few cents improvement in the next few days.

[kaiden]

As of 9th July (7am) - according to xe.com, these are the current rates for AU$1

- US$ - 0.87726 (▲)
- GB£ - 0.57854 (▲)
- JP¥ - 77.5660 (▲)
- EU€ - 0.69097 (▲)
- NZ$ - 1.23659 (▲)

Which is just in time for seacons orders - its been steadily creeping up all week.

[griffin]

As of 23rd July, according to xe.com, these are the current rates for AU$1

- US$ - 0.8933 (way up)
- GB£ - 0.5802 (up)
- JP¥ - 77.81 (slightly up)
- EU€ - 0.6907 (same)
- NZ$ - 1.2324 (slightly down)

Good news for those buying toys from US$ sources. Yen sources are still a bit sluggish.

[snaketales]

As of 23rd July, according to xe.com, these are the current rates for AU$1

- US$ - 0.8933 (way up)

Good news for those buying toys from US$ sources. Yen sources are still a bit sluggish.

This was a welcome suprise when I did my splurge on ebay last night :D

[griffin]

As of 10th August, according to xe.com, these are the current rates for AU$1

- US$ - 0.9130 (way up)
- GB£ - 0.5765 (down)
- JP¥ - 78.34 (slightly up)
- EU€ - 0.6924 (same)
- NZ$ - 1.2576 (way up)

[Saintly]

As of 19th August, according to xe.com, these are the current rates for AU$1

- US$ - 0.9004 (slightly down)
- GB£ - 0.5759 (slightly down)
- JP¥ - 77.03 (slightly down)
- EU€ - 0.7107 (slightly up)
- NZ$ - 1.2647 (slightly up)

was checking the rates to pay my orders

[Paulbot]

Just read this on The Age website:

The dollar touched a peak of 94.57 US cents, climbing almost a full US cent in the minutes after midnight, Australian east-coast time.... It has come back a little in recent offshore trade but continues to trade in the high 93-US-cent range. It was also trading at 72.32 euro cents, just off a record high achieved in recent sessions. Source: The Age article (http://www.theage.com.au/business/markets/dollar-soars-to-postgfc-high-20100915-15b8j.html)

[jazzcomp]

is that related to the Labor party winning?

[Paulbot]

is that related to the Labor party winning?

I think it's more likely to do with Oprah coming to Australia. :D ;)

[griffin]

It's mostly due to the growing economies of asia, which pours a lot of money into our economy - buying our resources.

As of 16th September, according to xe.com, these are the current rates for AU$1

- US$ - 0.9393 (way up)
- GB£ - 0.6020 (way up)
- JP¥ - 80.399 (way up)
- EU€ - 0.7212 (slightly up)
- NZ$ - 1.2790 (slightly up)

Compare that to 15 months ago (May 2009)...
- US$ - 0.7528 (up 24.8%)
- GB£ - 0.4979 (up 20.9%)
- JP¥ - 75.18 (up 6.9%)
- EU€ - 0.5666 (up 27.3%)
- NZ$ - 1.28 (virtually unchanged)

[MV75]

Nice on the yen. Might be time to do some preorders soon.

[snaketales]

I heard the news today saying we had cracked the 95-cent mark; parity doesnt seem too far away now.

[1AZRAEL1]

Time to buy up things from the US then :D

IMO, I don't think we will be on par with them, it will more than likely drop steeply again.

[5FDP]

Time to buy up things from the US then :D

Exactly what I was thinking :p

[1AZRAEL1]

AU$ currently trading at US$95.97

Looking good atm.

[kaiden]

AU$ currently trading at US$95.97

Looking good atm.

US$0.96097

[snaketales]

0.9879!!!!!!! :eek::D

quote:
Some currency experts believe it could pass $US1 within days.

http://www.news.com.au/business/australian-dollar-marches-toward-parity-with-us-greenback/story-e6frfm1i-1225935558462#ixzz11elyL6DI

[kaiden]

0.9879!!!!!!! :eek::D

quote:
Some currency experts believe it could pass $US1 within days.

http://www.news.com.au/business/australian-dollar-marches-toward-parity-with-us-greenback/story-e6frfm1i-1225935558462#ixzz11elyL6DI

0.99006 from xe.com at the moment.

but this insanity has made me wet. I need to order more transformers from RK soon lol.

[blackie]

wish this made the fuel prices go down :(

[Golden Phoenix]

wish this made the fuel prices go down :(

Can't let the good dollar get in the way of a profit

[MV75]

0.99006 from xe.com at the moment.

but this insanity has made me wet. I need to order more transformers from RK soon lol.

Buy me a predaking if it makes you feel tingly. :)

[Paulbot]

Could the Aussie Dollar go higher than the US Dollar?!? :eek:

[griffin]

Almost did today. Got within $0.00097 of parity.

But as of now, 15th October - according to xe.com, these are the current rates for AU$1

- US$ - 0.9940 (way up)
- GB£ - 0.6220 (up)
- JP¥ - 81.051 (slightly up)
- EU€ - 0.7065 (down)
- NZ$ - 1.3105 (way up)

Against the major currencies, only the Euro is strengthening faster than the AU$, which isn't a currency used much by people here anyway.

[Lint]

Rate at COB today was 0.9934

What annoys me is that the Paypal conversion rate actually dropped a whole cent over the weekend despite gains on the AUD on Thursday, Friday and Saturday (US trading). Which begs me to question how the heck they define their conversion rate? Do they take the spot value in the middle of US currency trading hours?

Hopefully it updates to something more reasonable tonight. :mad:

[1AZRAEL1]

Financial gurus are saying the outlook for the dollar is going to stay in the US$0.90's for next year.

[griffin]

Wait for tomorrow's inflation figures... The exchange rate could go a few cents in either direction depending on what the figure is.
(if inflation is high, we are tipped to have a rate rise next week, and the exchange rate is likely to go up in anticipation)

[kaiden]

Rate at COB today was 0.9934

What annoys me is that the Paypal conversion rate actually dropped a whole cent over the weekend despite gains on the AUD on Thursday, Friday and Saturday (US trading). Which begs me to question how the heck they define their conversion rate? Do they take the spot value in the middle of US currency trading hours?

Hopefully it updates to something more reasonable tonight. :mad:

from my experience, if xe.com says something like $0.99US then paypal's conversion is always 2cents lower, so - $0.97

[snaketales]

woo hoo over parity!!!

now if only I had money to spare on the credit card :rolleyes:

[griffin]

As of 8th November, according to xe.com, these are the current rates for AU$1

- US$ - 1.0108 (up)
- GB£ - 0.6267 (slightly up)
- JP¥ - 82.183 (up)
- EU€ - 0.7231 (up)
- NZ$ - 1.2811 (down)

[Vector Prime]

$1 AUD = $1.0174 USD at time of posting.

It peaked at $1.0198 earlier but has since come back... the great news is that Paypal's current exchange rate is $1 AUD = 0.990712 USD, time to get all those pre-orders in I think :p

[Zippo]

Go the New Zealand Dollar vs the Australian!

$1NZ now equals 74 Australian Cents!
Back in September it was 77 Australian cents

Back in August 2008 it was around the 90-95 cent range as well as in 2006

$1NZ will also purchase you 76 American Cents.
This has effectlly KILLED any transactions I have with Australia now. Things over in Australia generallly cost the same as they do in New Zealand, but due to the exchange rate its a massive 25% cost increase.

America is cheaper and has the better exchange rate.

Someone needs to step in and do something fast .. the gap between the two countries is growing too fast.

[griffin]

Well, since the last posting 8 weeks ago, the AU$ dropped to US$0.955 and then back up again to look like it hasn't even moved since that last posting.

As of 30th December, according to xe.com, these are the current rates for AU$1

- US$ - 1.0166 (slightly up from the last posting, but way up from just a couple weeks ago)
- GB£ - 0.6590 (way up)
- JP¥ - 82.807 (slightly up)
- EU€ - 0.7669 (way up)
- NZ$ - 1.3186 (way up)

[griffin]

Just browsing ebay.au and was getting really confused with the US listings, as the AU$ converted prices were less than the US$ prices. I've never seen that before... and it makes me want to spend. :p

Now we just need the exchange rate to climb about half a cent more for parity with Paypal (like with any other money transfer service, they are a couple cents off the median exchange rate).

[Vector Prime]

Now we just need the exchange rate to climb about half a cent more for parity with Paypal (like with any other money transfer service, they are a couple cents off the median exchange rate).

It's getting there... I just checked on Paypal and 1 AUD = 0.995239 USD

[griffin]

As of 15th January, according to xe.com, these are the current rates for AU$1

- US$ - 0.9889 (way down)
- GB£ - 0.6232 (way down)
- JP¥ - 81.940 (down)
- EU€ - 0.7386 (down)
- NZ$ - 1.2901 (down)

[sanbot]

US 1.0105!!! Travelex has exchange rate at 98. So tempted to change.

[griffin]

As of 12th March, according to xe.com, these are the current rates for AU$1

- US$ - 1.0139 (way up from 2 months ago, but been around parity for a while)
- GB£ - 0.6305 (up)
- JP¥ - 83.007 (up)
- EU€ - 0.7293 (down slightly)
- NZ$ - 1.3656 (way way up)

[Zippo]

Sigh :-)

[Paulbot]

The Aus dollar is dropping now, below parity now and...


St George chief economist Besa Deda predicts ongoing worries about Japan's damaged nuclear plants – where workers are battling to prevent several reactors from melting down and triggering large radiation emissions - could push the Australian dollar down to 92 US cents.

:( :mad:

[1AZRAEL1]

The Aus dollar is dropping now, below parity now

That'd be about right, the time I actually want to buy something form the US, and the price starts to drop back. Lets hope it doesn't dip too far.

[fatbot]

That'd be about right, the time I actually want to buy something form the US, and the price starts to drop back. Lets hope it doesn't dip too far.

As i stated elsewhere, Japan will need a lot of materials to rebuild, Australia is in a great position to sell it to them providing a massive boost to the economy and raising the dollar again

[Hursticon]

As i stated elsewhere, Japan will need a lot of materials to rebuild, Australia is in a great position to sell it to them providing a massive boost to the economy and raising the dollar again

That's a damn good point dude. ;):)
We can't expect the dollar to always be at parity, though it certainly is inconvenient. :p

[1AZRAEL1]

As i stated elsewhere, Japan will need a lot of materials to rebuild, Australia is in a great position to sell it to them providing a massive boost to the economy and raising the dollar again

Putting it that way, I think you are right. The economists are predicting a fall, but it might not be as bad as they predict. Just have to wait and see, going to be a pretty suspenseful year for everyone.

[UltraMarginal]

the question is when to change more money to US dollars for Botcon..

[1AZRAEL1]

the question is when to change more money to US dollars for Botcon..

Basically I see it as a gamble. It can either go up or down in the next few months. Just have to take the risk of waiting to see what it does, or bite the bullet now when it is still pretty good.

[Paulbot]

Basically I see it as a gamble. It can either go up or down in the next few months. Just have to take the risk of waiting to see what it does, or bite the bullet now when it is still pretty good.

I bit today. But wish I'd bit last week!

[UltraMarginal]

Basically I see it as a gamble. It can either go up or down in the next few months. Just have to take the risk of waiting to see what it does, or bite the bullet now when it is still pretty good.


I bit today. But wish I'd bit last week!

I have already bit the bullet a couple months ago, but I'm going to need to do it again before I go. I'm going to wait for a few more weeks/couple months I think and see what happens, I do think we'll pick up with materials supply to Japan.

[griffin]

Instability in the middle east (oil prices going way up causing a blowout in inflation in developed countries), Japan facing a financial crisis (as much of the country grinds to a halt), and European countries still struggling with debt issues... my money is on our currency heading south as investors head back to 'safer' markets & their currencies.

But just like a home loan, I'd recommend converting half of your BotCon budget now to US$, and the other half closer to the convention, or as soon as any significant drop in the exchange rate happens. Even if the exchange rate improves, it isn't likely to improve a significant amount before BotCon for you to miss out on a huge amount of US$ (from the half you convert now).

For me, a significant amount of my spending will be on the keycard and credit card (so I don't carry around and lose a big wad of cash). So in my case, I just have to hope the rate doesn't drop too much before BotCon or during that week.

[jazzcomp]

Better convert A$ to US$ if the rates are good enough than to gamble with rates at the time of Botcon.

[Paulbot]

Good news everybody


The Australian dollar soared overnight to levels last seen at New Year, touching a high of 102.29 US cents as investors grow more confident about the outlook for the global economy. Source: The Age (http://www.theage.com.au/business/markets/dollar-tops-102-us-cents-soars-towards-record-20110325-1c8xc.html)

[Vector Prime]

Good news everybody

Good news indeed - now $500 poorer thanks to BBTS... :o

[Tober]

- US$ - 1.0442
- GB£ - 0.6392
- JP¥ - 89.1981
- EU€ - 0.7286
- NZ$ - 1.3386

[sanbot]

I'm going to believe the hype that several economists are saying in that it will go up to $1.08 ~ $1.10

Just look at what has happened recently with all those natural disasters and the unrest in the middle east. Yet the AUD hasn't gone down as much as it has in the past whenever something bad has happened. Coupled with our higher interest rates then other developed countries plus a likely increase in demand for commodities from Japan (to rebuild) and the continued demand from China. I think we're looking good.

And when the State of California default on their debts and they will in the long term, its only going to get higher! $1.20 anyone?!?! :D

[mknell]

I'm quite happy with the Yen rate currently as I am heading over to Japan in just over 2 weeks!

[snaketales]

boo-yeah! :D

http://www.news.com.au/business/australian-dollar/australian-dollar-soars-to-post-float-record-of-us107/story-fn6t6wad-1226042644749

[Hursticon]

boo-yeah! :D

http://www.news.com.au/business/australian-dollar/australian-dollar-soars-to-post-float-record-of-us107/story-fn6t6wad-1226042644749

Oh yeah! - I saw that earlier today, how F'ing insane is that!?! :eek:
Here's hoping that the Little Aussie Battler reaches $1.10USD! :D

[griffin]

As of 24th April, according to xe.com, these are the current rates for AU$1

- US$ - 1.0743 (way up)
- GB£ - 0.6508 (way up)
- JP¥ - 87.931 (down, but still up after a sudden surge post-earthquake)
- EU€ - 0.7380 (up)
- NZ$ - 1.3407 (slightly up)

[snaketales]

$1au=$1.09US according to the radio this morning... waaaaaaaaaaaaaaay up :D

remember how good we thought it was when it got to us90 cents? :D

[UltraMagnus]

$1au=$1.09US according to the radio this morning... waaaaaaaaaaaaaaay up :D

remember how good we thought it was when it got to us90 cents? :D

*profanities*... feel sorry for HD, Iceburn and I making overseas currency. Our hauls will need to be smaller... :(

[iceburn]

hahaha i'm still using Aussie currencies :P

[Vector Prime]

$1AUD = $1.097USD

$1.10 here we come!

[5FDP]

I'm planning on buying a US state :p

[Hursticon]

I'm planning on buying a US state :p

Ooh! - Buy Texas! :D
(id Software & The Undertaker are stationed there! :p)

[Vector Prime]

Just wondering why this topic isn't stickied?

Maybe also have the first post amended to include the following link as well?

AUD Exchange Rate (http://www.xe.com/currency/aud-australian-dollar)

That way it doesn't have to be continually updated and people can just click on the link to see what the current exchange rate is.

Anyways, just a thought. :o

[Hursticon]

Just wondering why this topic isn't stickied?

Maybe also have the first post amended to include the following link as well?

AUD Exchange Rate (http://www.xe.com/currency/aud-australian-dollar)

That way it doesn't have to be continually updated and people can just click on the link to see what the current exchange rate is.

Anyways, just a thought. :o

And that thought makes fair sense to me, but I'd also like to add...

$1.00USD = $1.102AUD :eek:

I called it! :p

[Vector Prime]

And that thought makes fair sense to me, but I'd also like to add...

$1.00USD = $1.102AUD :eek:

I called it! :p

Yeah it hit it momentarily and then dropped back down again... and yes you did call it Hursty! :p

The good thing is that the link that I attached to the Xe.com site self updates with live market feeds, so it's always relevant.

[Vector Prime]

AUD is slipping badly at the moment - down to $1.06USD (http://www.xe.com/currency/aud-australian-dollar)

Dropped 4c in the past 4 days! :eek:

[Lint]

AUD is slipping badly at the moment - down to $1.06USD (http://www.xe.com/currency/aud-australian-dollar)

Dropped 4c in the past 4 days! :eek:

I liked the currency better when Osama was still alive :p

[griffin]

The suggestion is that Osama's death will prompt a more rapid scaling back of military operations by America, which means less spending on their military budget... and if that were to happen, the American budget, and its economy, will be in better shape sooner (that speculation by investors is what is said to be strengthening the US$ in the last few days). Give it a week, and we'll see if the speculation dies down or is justified (by way of further announcements on their operations against Al Quaeda and Afghanistan).

[liegeprime]

I liked the currency better when Osama was still alive :p

We need someone like Cobra Commander who can't be killed to keep at it with US:p:D He doesnt cause much damage but he sure makes up for it in terror.

[griffin]

As of 18th May, according to xe.com, these are the current rates for AU$1

- US$ - 1.0563 (down)
- GB£ - 0.6518 (about the same)
- JP¥ - 86.011 (down)
- EU€ - 0.7454 (up)
- NZ$ - 1.3532 (up)

[tron07]

I usually check for the rates here

http://finance.ninemsn.com.au/executive-suite/currency-converter/

[griffin]

As of 2nd June, according to xe.com, these are the current rates for AU$1

- US$ - 1.0602 (up slightly)
- GB£ - 0.6491 (down slightly)
- JP¥ - 85.921 (down slightly)
- EU€ - 0.7396 (down slightly)
- NZ$ - 1.3005 (way down) (good for those in NZ though)

[griffin]

As of 19th June, according to xe.com, these are the current rates for AU$1

- US$ - 1.0634 (up very slightly)
- GB£ - 0.6569 (up)
- JP¥ - 85.125 (down slightly)
- EU€ - 0.7430 (up slightly)
- NZ$ - 1.3084 (up very slightly

[bowspearer]

One thing that's worth adding in here. Lyndon LaRouche recently made an economic forecast that with everything going on, the entire global financial system could begin to melt down as early as July 10th. I'm not posting this to get into any political discussions about the man or his policies. However given his track record in predicting his kind of thing (the US recession of the 1960s, Wall Street in '88 and the GFC) I figure it's worth noting, as it may well be a case of buying what anything we had our eyes on in the next couple of weeks, as if he is right, it may be quite a while before some of us are going collectibles buying as of a fortnight from now.

EDIT: The factors this forecast was based on were apparently the Greek financial crisis and 47 of the 50 US states being in danger of declaring bankrupcy due to budgeting issues (they're currently bankrupt and have until the first week of July to finalise their budgets), while the restoration of Glass Stegall legislation which would instantly stabilise the situation has continued to be blocked by the US congress. Again, not trying to get into a political discussion here- just mentioning something relevant by an individual with a knack for predicting these things and what their forecast has been based on.

[Ode to a Grasshopper]

If it could hold off for a few weeks that'd be nice...

[griffin]

As of 18th July, according to xe.com, these are the current rates for AU$1

- US$ - 1.0647 (up very slightly - has been yoyo-ing a lot in the last few weeks)
- GB£ - 0.6599 (up very slightly)
- JP¥ - 84.175 (down)
- EU€ - 0.7524 (up)
- NZ$ - 1.2587 (way down - by 5c in the last month)

[Accel]

so according to xe.com its $1.10404 to the USD today due to USA going down the toilet.

[griffin]

Despite how worthless the American economy is looking for the future (national debt is expected to double in the next 12 years), it is causing world markets to think gloomy prospects, causing our dollar to plunge overnight from 1.09 to 1.04.
Because our economy is such a 'small fish in the sea', relying on other countries prospering to have this enviable economy, we end up becoming a less desirable investment to the US economy... an economy that currently owes about $40,000 for every American citizen, in national debt (which like I said, is expected to double in 12 years).
And they still keep their triple-A credit rating - what business/company would continue to exist with that sort of future debt outlook? Like, who would invest in a "company" that announces a forecast loss of another 13 trillion dollars over 12 years, on top of their current 14 trillion debt?
(and they are actually excited about cutting spending by 1 trillion over that 12 years... they are losing more than that every year - so even if they cut that much EVERY year, they still wouldn't be keeping ahead of the estimated growing debt)

At least if the markets stabilise over the next few days/weeks, the value of the US$ should continue to progressively slide, making it cheaper for our toy collecting. :p

[griffin]

As of 6th August, according to xe.com, these are the current rates for AU$1

- US$ - 1.0444 (way down, after reaching 1.10 a week ago)
- GB£ - 0.6371 (way down)
- JP¥ - 81.882 (way down)
- EU€ - 0.7308 (way down)
- NZ$ - 1.2386 (way down)

[griffin]

Dropped another US 3cents in the last 2 days. :(
And a similar amount with most of the other major currencies.

[bowspearer]

We've got a major problem just round the corner. The recent raising of the debt ceiling has simply put off the inevitable for a very short while.

Once that happens, China are screwed because they hold a heap of America's debt. Once that happens, China can no longer afford to build so they stop buying raw materials. At that point we kiss the mining boom goodbye.

Ironically, without crossing over into politics by getting into specifics, the way out would harm the international banks and central banks, which are trying to stay afloat, and which are powerful enough for world leaders to not want to go against.

The other problem for us is that our banks are in debt to the tune of roughly 15 trillion dollars through their derivatives holdings (it dropped down to 12 billion at the height of the GFC). In fact the only thing that's keeping them afloat are short term 90 day loans which they're generating collateral for through the housing boom.

The problem there is that we have the last uninsulated property bubble left in the world to my knowledge (as fr as I'm aware, all the others have already burst), and mortgage delinquency rates are so large (over 90 days according to a report from ANZ a while back) that the next interest rate rise will send families teethering over the edge, resulting in mass-foreclosures, bursting the property bubble and putting us so far into recession that we'll potentially be facing a depression.

All that of course, could make the exchange rate back at the height of the Asian Economic Crisis seem like we were filthy rich in comparison.

[kaiden]

Dropped another US 3cents in the last 2 days. :(
And a similar amount with most of the other major currencies.

wow that is depressing. i was hoping america wouldnt raise the debt ceiling and have their dollar plummet to say $1AU = $0.70US for a few years :P

[bowspearer]

wow that is depressing. i was hoping america wouldnt raise the debt ceiling and have their dollar plummet to say $1AU = $0.70US for a few years :P

Unfortunately this situation has been predicted by physical economists since the 60s. It's actually a wonder that the global monetary system has held out as long as it has.

[Paulbot]

Just below parity now: $US0.9928
http://www.theage.com.au/business/dollar-sinks-below-parity-with-greenback-20110809-1ik2x.html

[UltraMagnus]

As a person who makes $US I cant say i am at all surprised by AUD plummet. The currency is in no way worth the value it is, and all I am hearing is the massive job losses in Australia that are expected because of a high dollar.

In reality, Aust is already going down the toilet (just look at retail)...
The smartest thing is to send the currency down with interest rates cuts to avoid property bubble bursting and getting ppl to spend again.

Lower rates by 2-3% which will give ppl much more disposable income. That will help retail. If the currency is back to 70c its not that bad and allows us to sell high net worth industries again at competitive costs (education, tourism, consulting)...

AUD $ down will be much better for the long term prospects of Australia than getting your toys cheaper.

[Paulbot]

And back up again "At the local close, the dollar was trading at $US1.0225"

[KillinSpoon]

AUD $ down will be much better for the long term prospects of Australia than getting your toys cheaper.

Screw the future of Australia!
I want cheap toys! >: D

[bowspearer]

As a person who makes $US I cant say i am at all surprised by AUD plummet. The currency is in no way worth the value it is, and all I am hearing is the massive job losses in Australia that are expected because of a high dollar.

Australia has been going down the toilet since we gutted our tarriffs and deregulated the financial sector though. The reason our dollar is so worthless now is because we've ripped the guts out of everything which made it valuable (case in point, we used to mine ore, process it into steel, make cars, then buy cars locally and export them. Now though we ship the ore overseas and buy back finished products).


In reality, Aust is already going down the toilet (just look at retail)...
The smartest thing is to send the currency down with interest rates cuts

Which will drive up inflation and we're already well on the path to hyperinflation (think Germany in the 30s when a loaf of bread cost a week's wages.


to avoid property bubble bursting and getting ppl to spend again.

On the contrary, if the property bubble bursts and pollies remember who they're ACTUAL bosses are, then maybe we can actually fix up the economy, by readopting the financial reforms Chiffley tried to put through in the 40s but the Queen abused her powers to block. The property bubble bursting is only a problem under the current financial system (it's easily fixable with the passing of the Homeowners and Banking Protection Bill and a move towards a nationalised bank, which is what the commonwealth used to be before it was gutted then privatised, fixed exchange rates via treaty, massive infrastructure projects, a return to parity pricing and tarrifs and financial programs which actually promote the growth of businesses and industries which maintain and grow the physical economy).

[Autocon]

how come if the interest rate and currency go down then the price of bread goes up?

[bowspearer]

Because the entire system is moving into hyper-inflation, just like what happened with Weimar Germany where it got so bad that you needed a week's wages to buy a loaf of bread. The reason is that over the past few decades, the value of the dollar has actually decreased so much that now it's forcing up the cost of living (ie the value in money becomes less so things cost more money).

The whole reason interest rates are raised is to stave off inflation, which the govt and RBA are hesitant to do, because they know that mortgage delinquency rates are so high that another rate rise will burst the property bubble, sending our economy plummeting. But by not raising rates to prop up the property bubble, it's causing inflation to get worse and worse.

[kaiden]

Screw the future of Australia!
I want cheap toys! >: D

+1 Hasbro are screwing us anyway with their pricing.

[primatives]

As a person who makes $US I cant say i am at all surprised by AUD plummet. The currency is in no way worth the value it is, and all I am hearing is the massive job losses in Australia that are expected because of a high dollar.

In reality, Aust is already going down the toilet (just look at retail)...
The smartest thing is to send the currency down with interest rates cuts to avoid property bubble bursting and getting ppl to spend again.

Lower rates by 2-3% which will give ppl much more disposable income. That will help retail. If the currency is back to 70c its not that bad and allows us to sell high net worth industries again at competitive costs (education, tourism, consulting)...

AUD $ down will be much better for the long term prospects of Australia than getting your toys cheaper.

Correct me if wrong isn't the AU dollar high only because the US is pretty much insolvant and compared to other currencies it just looks bad? From my understanding their pretty much screwed when they raised their debt ceiling.

BTW if anyone is into econimics as i am still learning through my spare time I'd love u to pm me and just chat here and there throguh msn or something just for me to learn quicker about all this financial/econimics stuff :)

[griffin]

My thoughts on this...
If our currency and economy were more significant in the world, our dollar would be worth a lot more due to our (comparatively) fairly stable economy. But since we rely on other countries (like China) to make most of our money, it gives us a shaky foundation... short term we look great, but long term anything could go wrong with our customers and we are left little to fall back on (we don't manufacture much now). So investors don't want to risk buying up our dollars as our future prosperity relies on those 'short term' exports. It's safer to invest into the major currencies that don't rely as much on other countries to make their money. But now that the four biggest trade-able currencies (Yen, US$, Euro, Pound) are weighed down by debt and other "short term"* problems, Gold is now the safest 'currency' because it is global, so it doesn't have a value that relates to its source (like dollars).

* short term problems that investors seem to assume will be resolved over time, but some of these currencies/economies are never going to recover while the underlying problems continue to exist (unregulated capitalism). While companies and individuals put themselves before the people and the national interest, countries (tax-payers) will be constantly bailing out companies that have been run into the ground by a wealthy elite.

[bowspearer]

Don't count on China. The problem is that that crash I was talking about, is likely to hit around September/October. The reason the markets have rallied recently is because they figure that with how bad the markets are, that QE3 (quantitative easing 3- ie printing more money which is how we've averted a global financial meltdown which would make the great depression look like a few bad days before payday and also one of the reasons why the cost of living is skyrocketting) will take place. One the global market goes, China, who holds a heap of these debts, goes under with it.

Oncve China goes under, the basket which we've put all our eggs in with the mining boom, goes with it. To further complicate things, as we're no longer self sufficient like we were before the reforms of Hawke and Keating, we completely lack the self sufficiency needed to be able to support ourselves and diversify our economy.

The problem is that the $1.4Q (quadrillion) in global derivative debts now appear to be classed as uninsurable, considering the recent spike in credit default swaps- far higher than at the height of the GFC in 2008. There was an article in the London Telegraph quoting bankers who fears some banks going under within weeks (September/October). Let's see people call LaRouche off the planet when this hits as hard as he's been saying for quite some time now heh.

[Decepticon]

So the English translation for the above is ... ' basically we are f&$/!@?:confused:

[bowspearer]

Yes and no. The solution is what the world did economically to get out of the great depression (the original Brenton Woods scheme). The problem though is that those who would completely lose out as a result (ie the very people who got us into this mess to begin with) keep blocking it.

[Accel]

back up to just under 1.07 today

[griffin]

As of 7th September, according to xe.com, these are the current rates for AU$1

- US$ - 1.0592 (up)
- GB£ - 0.6625 (way up)
- JP¥ - 81.707 (almost unchanged)
- EU€ - 0.7535 (up)
- NZ$ - 1.2798 (way up)

[Accel]

got slapped back down to 1.03-1.04 today due to the stock & other news

[5FDP]

The Aussie dollar is now trading at 99.98 US cents.

The news sites (more specifically news.com.au (http://www.news.com.au/business/dollar-slumps-online-shoppers-press-the-pause-button/story-e6frfm1i-1226143599346)) are running articles stating "Are the good times over? Say goodbye to cheaper overseas holidays and online shopping - the Aussie dollar has once again hit parity with the US".

Yeah riiiiiight... just because we're at parity doesn't mean squat as we pay on average 140% more for goods than most other developed countries :rolleyes: Try and stop me from buying online ;)

[Accel]

Yeah it needs to go below 80 cents to make me stop online shopping from USA :P

[Decepticon]

In the past month I have bought about 25 Transformers, all from overseas! Looks like I got them at the right time!!:D

[jazzcomp]

Auspost is already below 98 cents...

[griffin]

As of 27th September, according to xe.com, these are the current rates for AU$1

- US$ - 0.9719 (way down)
- GB£ - 0.6264 (down)
- JP¥ - 74.204 (way down)
- EU€ - 0.7238 (down)
- NZ$ - 1.2604 (down)

[griffin]

The dollar to the US$ has dropped a couple more cents due to commodity prices dropping (which we are pegged to) and issues in Europe. It's expected to climb again (some say as high as $1.20-1.30) as resource prices trend back up with developing economies driving global growth, but could fall to about 90c first.
But 90c is still a good rate, compared to the last couple of decades, so I wouldn't be too upset about it dropping from its recent peak of $1.10.

[valkyrie_76]

The dollar to the US$ has dropped a couple more cents due to commodity prices dropping (which we are pegged to) and issues in Europe. It's expected to climb again (some say as high as $1.20-1.30) as resource prices trend back up with developing economies driving global growth, but could fall to about 90c first.
But 90c is still a good rate, compared to the last couple of decades, so I wouldn't be too upset about it dropping from its recent peak of $1.10.

Its still not bad at AUS$0.90c and its lucky I bought my Yen a month ago when I got it at around 80-82 to out dollar. Also had to buy some HK dollars because of the stop over and that's dropped a little too but its still not bad.

[Accel]

dollar has jumped back up to 0.97890 due to Market going back up suddenly

EDIT: back up to 0.98077 at 3:30pm Perth time

[Tober]

We just hit parity with the USD again. :)

[valkyrie_76]

Hopefully the YEN will be higher soon so my AmiAmi parcel for last month wont be too expensive :D

Also waiting to see about the HK$ as well.......might get some more sometime soon if it goes up too.

[Deonasis]

So far I only look for parity with the USD but this is limiting any good deals to USD shops.

What is considered the good rates ($1AUD = ?) to buy YEN and HKD at?

[valkyrie_76]

So far I only look for parity with the USD but this is limiting any good deals to USD shops.

What is considered the good rates ($1AUD = ?) to buy YEN and HKD at?

I find this good with the history of the value of currency.

http://www.xe.com/currencycharts/

[griffin]

Up 6 US cents in just a week... that's pretty good. Apparently off the back of a surge in commodity prices.

Looking at the XE website, I noticed they list the official interest rates of several countries... and it's no wonder our currency is worth so much - we have the best returns from our banks. We're currently at 4.75%, compared to 0.25% in US, 1.5% in Europe, 0.5% in Britain, 1.0% in Canada, 0.1% in Japan and 2.5% in NZ.

[Arcee]

Up 6 US cents in just a week... that's pretty good. Apparently off the back of a surge in commodity prices.

Looking at the XE website, I noticed they list the official interest rates of several countries... and it's no wonder our currency is worth so much - we have the best returns from our banks. We're currently at 4.75%, compared to 0.25% in US, 1.5% in Europe, 0.5% in Britain, 1.0% in Canada, 0.1% in Japan and 2.5% in NZ.

Yes Australia's got the best interest rate. As far as I know there is no other country in the world whose bank interest rate can beat their inflation rate. Ours can.

[Accel]

almost at 1.02 USD now. time to load up the paypal accounts?

[griffin]

As of 18th October, according to xe.com, these are the current rates for AU$1

- US$ - 1.0192 (way up)
- GB£ - 0.6457 (up)
- JP¥ - 78.303 (way up)
- EU€ - 0.7404 (up)
- NZ$ - 1.2854 (up)

[Accel]

Bounced back today on Euro news. back up to about 1.03

[griffin]

It managed to hit $1.05 today. Not a bad recovery at all.
Back to ebay I go... :p

[griffin]

As of November 11th, according to xe.com, these are the current rates for AU$1

- US$ - 1.0151 (went up, but now back down to what it was a month ago)
- GB£ - 0.6369 (went up, but now back down to what it was a month ago)
- JP¥ - 78.707 (went up, but now back down to what it was a month ago)
- EU€ - 0.7451 (went up, but now back down to what it was a month ago)
- NZ$ - 1.3045 (up a fair bit)

[kaiden]

gah i just went to buy something from RK and the $AU has dropped to $0.97US :(

anyone know why? just curious.

[Hursticon]

anyone know why? just curious.

Yeah, it's called everywhere except for Asia is in absolute 'We've F#$%ed Up' mode. :(

Europe is in a state of Financial crisis as is the U.S. which is causing the fluctuation in the value of our Dollar but what grinds me the most is how pathetically easy Aussie investors are spooked! :mad:, seriously, a Greek politician farts and Aussie investors run for the bloody hills!?! :confused:

[kaiden]

Yeah, it's called everywhere except for Asia is in absolute 'We've F#$%ed Up' mode. :(

Europe is in a state of Financial crisis as is the U.S. which is causing the fluctuation in the value of our Dollar but what grinds me the most is how pathetically easy Aussie investors are spooked! :mad:, seriously, a Greek politician farts and Aussie investors run for the bloody hills!?! :confused:

Yeah, I thought we we're doing okay... at least better than most other countries.

but asia seems pretty !@#%ed to me as well...

geez it's gonna be a pain when it comes to ordering Dr Crank and Structor :P

[griffin]

As of November 24th, according to xe.com, these are the current rates for AU$1

- US$ - 0.9718 (way down)
- GB£ - 0.6252 (down
- JP¥ - 74.900 (way down)
- EU€ - 0.7271 (down)
- NZ$ - 1.3109 (up)

[bowspearer]

gah i just went to buy something from RK and the $AU has dropped to $0.97US :(

anyone know why? just curious.

The short answer is that China is about to go belly up (Chinese economists have privately come out and said that "every province in China is Greece") and that the only thing keeping this country afloat thanks to the deregulation of the 80s (when our manufacturing section got thoroughly gutted) is the mining boom. That's what's meant by a "2-speed economy"; the mining sector is in boom, but the rest of the economy is in tatters, because we produce next to nothing anymore in this country- making our dollar next to worthless.

Expect more to follow as we proceed on a road to Weimar Germany level inflation and an equally worthless dollar.

[Accel]

Back up to over $1 USD as of 30/11/2011

[liegeprime]

Back up to over $1 USD as of 30/11/2011

Woohooo parity again!!:D:D:D

[bowspearer]

Woohooo parity again!!:D:D:D

I wonder how long they can flog the dead horse to keep it that way. Then again, in nature, parasitic infections do have a habit of finding every last cell of nutrients in their host before dying out.

[gdmetro]

I wonder how long they can flog the dead horse to keep it that way. Then again, in nature, parasitic infections do have a habit of finding every last cell of nutrients in their host before dying out.

Haha... that is a sad yet funny way of putting it...

[bowspearer]

Haha... that is a sad yet funny way of putting it...


And yet it's sadly accurate (I suspect this is "preaching to the choir" in your case as the old saying goes, but it's worth mentioning in terms of currency values). The problem we have across the world is that we've devalued currencies and invested in debt. Last I checked the financial system was in debt globally to the tune of $1.4Q (quadrillion); $15 trillion in the case of our own banks.

This has been due to the currencies of the world being based less and less on physical production and more and more on speculation. The problem is that a currency is only worth what it physically produces. The more you physically produce goods and productive services (which either facilitate or contribute to the production of goods); the more your currency is worth. The same is true of your infrastructure, which directly impacts on your productivity.

Conversely, the less you produce and the more you invest in speculation and debt; the more worthless your currency becomes.

It's no coincidence that those booths buying up gold jewelry have shown up in shopping centres.

Unfortunately the investment bank who run the show (and in some cases, literally own half the country here and in other countries to varying degrees) aren't going to fix the problem, because the only thing that will fix the problem is a bankruptcy reorganisation which would result in them losing everything.

At this stage, it's only a matter of time before the whole financial system comes crashing down like a deck of cards and things like parity with the US dollar (let alone affordability of things), become a distant memory.

[kup]

Monetary and market value can be influenced by perception alone. I am pretty sure that if you go to the stock exchange and scream really loud 'CHINA'S ECONOMY IS SLOWING DOWN!!' you will probably wipe several cents from the $AU currency.

I also believe that the global economy is screwed up and we are currently running on fumes but those fumes may not even exist at all as perception still has a role in how this works.

Last time the $AU went under parity, there were similar news of China slowing down. Then the Chinese government came out and said 'No it's ok' and the AU$ went into surplus fairly quickly and I suspect the same thing has happened now.

[liegeprime]

you can always slow all of em down by yelling " there's a bomb" in the stcok exchange room, that'll halt all transactions for the day. Of course you wont be able to enjoy the chaos you'll ensue coz by then youd either be trampled or beaten down by security:p:p:p

Call me small minded, but Im just happy we are at parity....

[bowspearer]

Monetary and market value can be influenced by perception alone.

The problem with that theory (which in all fairness is the economic theory perpetuated by the media) is that the financial aggregates and monetary aggregates are not the whole of the economy but a section of it.

When you look at those sections of the economy in terms of the physical aggregates, things become very clear. That's why the physical economists have been able to predict every single financial depression and collapse since the 1960s, including the GFC that all of the liars in the parliament claim that "noone saw coming".

Think of it like a house with structural problems. Which builder is going to more accurately predict when a house is likely to collapse- the one who factors in the state of the foundations, or the one who ignores them completely?


I am pretty sure that if you go to the stock exchange and scream really loud 'CHINA'S ECONOMY IS SLOWING DOWN!!' you will probably wipe several cents from the $AU currency.

Funny you bring that up. Recently a Chinese economist has unofficially (purely because of what happens in China to those who are deemed dissidents) come out and said that "every province in China is Greece.


I also believe that the global economy is screwed up and we are currently running on fumes but those fumes may not even exist at all as perception still has a role in how this works.

It's so difficult talking about this subject on here. There's so much I could go into here, but doing so would get into very political territory considering the history involved (including a nearly averted paramillitary coup in NSW). There is just so much to this, in terms of corruption, oligarchical agendas and fascism (East India Company style), that the question when discussing it is one of how far down the rabbit hole you look.


Last time the $AU went under parity, there were similar news of China slowing down. Then the Chinese government came out and said 'No it's ok' and the AU$ went into surplus fairly quickly and I suspect the same thing has happened now.

The best analogy is literally a gambling addict heavily in debt. They keep finding new ways of getting money and borrowing money they don't have, until eventually something gives and their mansion of debt comes crashing down around them.

[Accel]

and back under $1 USD again

[kup]

and back under $1 USD again

We are back above Parity (just).

It almost seems like a game. I still believe that this ups and downs are mostly due to perception rather than anything economically solid. People are afraid about the European situation and when the news are pumping you with it, the dollar goes down. The news slow down regarding the Euro (or people get used to it) and the dollar creeps back up again..

[griffin]

As of January 10th, according to xe.com, these are the current rates for AU$1

- US$ - 1.0281 (way up)
- GB£ - 0.6649 (up)
- JP¥ - 78.982 (up)
- EU€ - 0.8051 (way up)
- NZ$ - 1.2978 (down)

[kup]

The AU dollar seems to be going up every 20 minutes.

It's at US$1.067 at the moment. It was just bellow 1.06 at around 7pm.

[jena]

I bought some US dollars (cash) this afternoon but they only sold them to me at 1.02 :(

[griffin]

See first post as to why the posted rate is not the actual cash-conversion rate.

[jena]

I was just confused because I got it converted at Australia Post who claim to not take any commission. I don't really mind, as long as I'm not getting less money I don't really care.

[griffin]

As of February 7th, according to xe.com, these are the current rates for AU$1

- US$ - 1.0780 (way up, by 5c)
- GB£ - 0.6817 (up)
- JP¥ - 82.596 (way up, by 4y)
- EU€ - 0.8222 (up)
- NZ$ - 1.2915 (slightly down)

[griffin]

It's interesting to look back to the start of this topic almost 3 years ago now, and see how much more our AU$ buys against the US$, GB£ and Euro - almost 50% more on each... But, the other two currencies have gone up and down during that time, but are currently about the same.

The rates in the first post, of 7th May 2009 (with AU$ value increase since then)

- US$ - 0.7528 (43% better now)
- GB£ - 0.4979 (37% better now)
- JP¥ - 75.18 (10% better now - half of that was in the last month)
- EU€ - 0.5666 (45% better now)
- NZ$ - 1.28 (1% better now)

[griffin]

As of March 28th, according to xe.com, these are the current rates for AU$1

- US$ - 1.0434 (way down)
- GB£ - 0.6540 (way down)
- JP¥ - 86.609 (way up)
- EU€ - 0.7829 (way up)
- NZ$ - 1.2740 (down)

[griffin]

As of April 23th, according to xe.com, these are the current rates for AU$1

- US$ - 1.0285 (down)
- GB£ - 0.6387 (down)
- JP¥ - 83.399 (down)
- EU€ - 0.7830 (steady)
- NZ$ - 1.2693 (down)

[kup]

We have dropped a lot in the last week (from a high of around $1.04). US$1 is now AU$1.014 as of 7th of May.

[kup]

We are now bellow par at $US 0.998!

Will this be it or will we once again rise above parity?

[jena]

My dad told me tonight that I should buy a bunch of US dollars now before my trip in June/July because he seems to think it's going to get worse.

[kup]

My dad told me tonight that I should buy a bunch of US dollars now before my trip in June/July because he seems to think it's going to get worse.

The thing is that one never knows. The Australian economy is so dependent on external factors that it could go either way.

I think that the last 20 or so years of Government has set up Australia to possibly become a 3rd world country over night if there is a real global financial collapse that includes Europe and China.

[griffin]

As of June 3rd, according to xe.com, these are the current rates for AU$1

- US$ - 0.9697 (way down)
- GB£ - 0.6312 (steady)
- JP¥ - 75.680 (way down)
- EU€ - 0.7802 (slightly down)
- NZ$ - 1.2856 (up)

[kup]

As of June 3rd, according to xe.com, these are the current rates for AU$1

- US$ - 0.9697 (way down)
- GB£ - 0.6312 (steady)
- JP¥ - 75.680 (way down)
- EU€ - 0.7802 (slightly down)
- NZ$ - 1.2856 (up)

We have gone up to near parity and we were 'lucky' during the week as the US also went down with us not affecting much in the US/AU exchange. However I believe that this is the calm before the storm as things are looking pretty bad in Europe and soon the media is going to start focusing even more on it.

[griffin]

As of June 19th, according to xe.com, these are the current rates for AU$1

- US$ - 1.0088 (way up)
- GB£ - 0.6436 (up)
- JP¥ - 79.594 (way up)
- EU€ - 0.8005 (up)
- NZ$ - 1.2739 (down)

[griffin]

As of July 6th, according to xe.com, these are the current rates for AU$1

- US$ - 1.0267 (way up)
- GB£ - 0.6607 (way up)
- JP¥ - 82.012 (way up)
- EU€ - 0.8294 (way up)
- NZ$ - 1.2801 (up)

A good couple of weeks, with the Aussie rising against all the major currencies... and apparently it is a record high for the Euro (no surprise really) during its young life.

[griffin]

As of July 30th, according to xe.com, these are the current rates for AU$1

- US$ - 1.0491 (way up)
- GB£ - 0.6690 (slightly up)
- JP¥ - 81.980 (very slightly down)
- EU€ - 0.8573 (way up)
- NZ$ - 1.2967 (up)

[griffin]

As of September 11th, according to xe.com, these are the current rates for AU$1

- US$ - 1.0334 (slightly down - hasn't moved much in the last 6 weeks)
- GB£ - 0.6463 (down)
- JP¥ - 80.924 (slightly down)
- EU€ - 0.8099 (way down - readjusting after sharp weakening 2 months ago)
- NZ$ - 1.2779 (slightly up)

[griffin]

As of November 3rd, according to xe.com, these are the current rates for AU$1

- US$ - 1.0338 (same as 8 weeks ago - hasn't moved much in the last 14 weeks)
- GB£ - 0.6451 (same as 8 weeks ago)
- JP¥ - 83.170 (up)
- EU€ - 0.8054 (same as 8 weeks ago)
- NZ$ - 1.2528 (down)

[griffin]

As of December 12th, according to xe.com, these are the current rates for AU$1

- US$ - 1.0528 (up)
- GB£ - 0.6533 (slightly up)
- JP¥ - 86.919 (a fair bit up)
- EU€ - 0.8094 (almost unchanged in last 12 weeks ago)
- NZ$ - 1.2543 (almost unchanged in last 4 weeks)

[Accel]

man the Yen is going a bit nuts the past few days we might even hit 90yen to the dollar soon

[griffin]

As of December 31st, according to xe.com, these are the current rates for AU$1

- US$ - 1.0368 (down)
- GB£ - 0.6411 (down)
- JP¥ - 89.348 (a fair bit up)
- EU€ - 0.7867 (down)
- NZ$ - 1.2610 (slightly up)

At the beginning of the year, the currencies were...
- US$ - 1.0281
- GB£ - 0.6649
- JP¥ - 78.982
- EU€ - 0.8051
- NZ$ - 1.2978

Most were like a rollercoaster (up and down) throughout the year, ending up close to where it started - but the Yen is a stand-out, weakening by 13% (giving us an extra 13% Yen when buying TFs, compared to a year ago).

[valkyrie_76]

I bought some Yen a couple of weeks ago and got 85¥ per AU$ which was pretty damn good. Be needing more before the end of March so I am holding out to see how this goes. Would be good if it went to parity like it did in 2008 (and more).

[valkyrie_76]

I bought some Yen a couple of weeks ago and got 85¥ per AU$ which was pretty damn good. Be needing more before the end of March so I am holding out to see how this goes. Would be good if it went to parity like it did in 2008 (and more).

Bought some more Yen at just over 90¥ per AU$.

Hope it goes up alittle more :D

[theshape]

Leave for japan tonight, picked up some yen for 89.8 so pretty happy ;)

[griffin]

As of February 23rd, according to xe.com, these are the current rates for AU$1

- US$ - 1.0321 (slightly down since end of December)
- GB£ - 0.6807 (up)
- JP¥ - 96.414 (another massive increase - it was 79yen mid-October)
- EU€ - 0.7824 (almost unchanged)
- NZ$ - 1.2315 (down)

[Bidoofdude]

Well, kinda bad about the Yen, but on the bright side, at least conversion will be somewhat easier...:o:) (wishful thinking)

[griffin]

The more yen you get per dollar is a good thing, if you are travelling to Japan or buying something from Japan.... as you can buy more with each Aussie Dollar.

[Bidoofdude]

Yes. I know.;)
Didn't say it right.:o

[Accel]

we hit 1.00 AUD = 100.815 JPY today

its crazy

[griffin]

It's been over two months since this was updated, because there hasn't been much movement with the US$.

As of May 1st, according to xe.com, these are the current rates for AU$1

- US$ - 1.0375 (been down but back up - hovering between 1.02 and 1.04 for 9 months)
- GB£ - 0.6667 (was up, but now down from 2 months ago)
- JP¥ - 101.064 (another big increase - it was 79yen mid-October)
- EU€ - 0.7872 (went up a bit, but back to what it was 2 months ago)
- NZ$ - 1.2095 (was up, but now down from 2 months ago)

[GoktimusPrime]

AUD hit below parity with USD today. :( I guess the 'dream' period is over. :o :rolleyes:

[griffin]

With the way our economy is going with deficits in every level of government, and the two major parties more interested in targeting each other instead of focussing on what the people need to combat rising costs of living... the AU$ really needs to come down a bit for our local industries and jobs to benefit by being more competitive to the cheap imports.
Just not too much before my next trip to America.... :p

[Golden Phoenix]

the two major parties more interested in targeting each other instead of focussing on what the people need to combat rising costs of living...

A government targeting each other instead of doing what they should be?!?! No way. Pull the other leg will ya?

Next you'll be saying that Politicians get influenced by big groups with a specific interests and stacks of cash.
/End Sarcasm

[GoktimusPrime]

Just not too much before my next trip to America.... :p
I'm also going overseas this year, so yeah... :o

[Sinnertwin]

RBA's rates for 31/05:

USD 0.9649
Yen 0.9734
Euro 0.7403
NZD 1.1933

Paypal Rates:

USD 0.9255
Yen 0.9283
Euro 0.7091
NZD 1.1551

[Sinnertwin]

xe.com's (http://www.xe.com/currencyconverter/?r=1#rates) exchange rates for 08/06:
AUD vs USD 10 year rate comparison
(http://www.xe.com/currencycharts/?from=AUD&to=USD&view=10Y)
USD 0.9496
Yen 0.9264
Pound 0.6103
Euro 0.7186
NZD 1.1922

Paypal Rates:

USD 0.9148
Yen 0.8857
Pound 0.5850
Euro 0.6878
NZD 1.1541

[Bidoofdude]

Damn it. 91. :(

[Sinnertwin]

Damn it. 91. :(

That's PayPal, BD, they always screw you for a few extra cents :(

[Sinnertwin]

xe.com's (http://www.xe.com/currencyconverter/?r=1#rates) exchange rates for 15/06:
AUD vs USD 10 year rate comparison
(http://www.xe.com/currencycharts/?from=AUD&to=USD&view=10Y)
USD 0.9569
Yen 0.9018
Pound 0.6092
Euro 0.7171
NZD 1.189

Paypal Rates:

USD 0.9240
Yen 0.8663
Pound 0.5851
Euro 0.6885
NZD 1.1389

[Sinnertwin]

St.George have the AUD at 0.88 USD. Must check rates after work.

[Hursticon]

St.George have the AUD at 0.88 USD. Must check rates after work.

Oh man, don't say that!... :eek::(

[griffin]

The official rate dropped below 92c today, and since it has dropped so fast recently it wouldn't surprise me to have some banks widen the margin to 4 cents, to cover themselves.

[Sinnertwin]

xe.com's (http://www.xe.com/currencyconverter/?r=1#rates) exchange rates for 20/06:

USD 0.9199
Yen 0.8989
Pound 0.5949
Euro 0.6968
NZD 1.1834

Paypal Rates:

USD 0.8860
Yen 0.8640
Pound 0.5704
Euro 0.6663
NZD 1.1297

[griffin]

Damn... in the last 24 hours, it dropped from 95.47 to 91.72... a freefall of 3.75c in just 16 hours. That's almost 4%.


If I was willing to risk carrying around a few thousand dollars for a couple weeks, I'd have gotten some US$ a few weeks back before the dive. Just AU$2000 in April would have given me an extra US$275 to spend.


It's a 13% drop in value in just 10 weeks (it was at a peak of $1.05 at April 11 - a 13.76c plunge).

It's kinda funny... most years I go to BotCon, the exchange rate plummets 5-10 cents in the month before I go, so the timing of this isn't surprising to me. So never fear, when I get back the rate should start rising again. :p

[Hursticon]

It's kinda funny... most years I go to BotCon, the exchange rate plummets 5-10 cents in the month before I go, so the timing of this isn't surprising to me. So never fear, when I get back the rate should start rising again. :p

I'm glad that you always see the light at the end of the tunnel for us Griffin. ;):D

[Sinnertwin]

xe.com's (http://www.xe.com/currencyconverter/?r=1#rates) exchange rates for 27/06:

USD 0.9313
Yen 0.9144
Pound 0.6097
Euro 0.7146
NZD 1.1878

Paypal Rates:

USD 0.8959
Yen 0.8684
Pound 0.5810
Euro 0.6849
NZD 1.139

[Sinnertwin]

xe.com's (http://www.xe.com/currencyconverter/?r=1#rates) exchange rates for 07/07:

USD 0.9067
Yen 0.9177
Pound 0.6085
Euro 0.7067
NZD 1.1753

Paypal Rates:

USD 0.8734
Yen 0.8774
Pound 0.5825
Euro 0.6766
NZD 1.1252

[kaiden]

ouch. why is this happening again?

[crankcase76]

And i thought that getting stuff from O/S was a cheaper option.....:o

Have about $1500 of pre-orders so i guess I'll be coughing up a lot more.:rolleyes:

[griffin]

As of today, according to xe.com, these are the current rates for AU$1...

- US$ - 0.9296 (up slightly in last couple months)
- GB£ - 0.5886 (down slightly in last couple months)
- JP¥ - 93.107 (up slightly in last couple months)
- EU€ - 0.7006 (about the same as it was a couple months ago)
- NZ$ - 1.1537 (down slightly in last couple months)

A slight rebound in a couple currencies, but still about 10% down from 6 months ago when they all started to slide.

(bank and paypal rates are 2-3% less than the figures above)

[Ae-Evolution]

As of today, according to xe.com, these are the current rates for AU$1...

- US$ - 0.9296 (up slightly in last couple months)
- GB£ - 0.5886 (down slightly in last couple months)
- JP¥ - 93.107 (up slightly in last couple months)
- EU€ - 0.7006 (about the same as it was a couple months ago)
- NZ$ - 1.1537 (down slightly in last couple months)

A slight rebound in a couple currencies, but still about 10% down from 6 months ago when they all started to slide.

(bank and paypal rates are 2-3% less than the figures above)

For the US dollar, we've breeched 93c but it's just up and down.

[Sinnertwin]

AUD's currently listed at .9527 USD on xe & .9273 USD on PayPal.

[BigTransformerTrev]

If the Americans hit their debt ceiling as they are predicting - does that mean their dollar will drop like hell? Yes I know that is bad for business and affects our own economy adversely, but I've got a few US items online I've been eyeing off ;)

[Megatran]

A high Aussie dollar is not all bad news. It hurts Aussie exports but on the flip side, cheaper imports may stimulate retail spending, which is much needed.

I'm hoping our dollar hits parity or above that of the US dollar, just like earlier this year. I'm eyeing MP Coronation Starscream Reissue & MP Grimlock Reissue. Would love to add MP Megs as well but too much of a hassle with owning him legally in VIC. ;)

[Tober]

If the Americans hit their debt ceiling as they are predicting - does that mean their dollar will drop like hell? Yes I know that is bad for business and affects our own economy adversely, but I've got a few US items online I've been eyeing off ;)

They would raise that ceiling before that happened.

[griffin]

As of today, according to xe.com, these are the current rates for AU$1...

- US$ - 0.9111 (down in the last three months)
- GB£ - 0.5565 (down in the last three months)
- JP¥ - 93.328 (up very slightly in the last three months)
- EU€ - 0.6703 (down in the last three months)
- NZ$ - 1.1197 (down in the last three months)

(bank and paypal rates are 2-3% less than the figures above)

[griffin]

As of today, according to xe.com, these are the current rates for AU$1...

- US$ - 0.8912 (still sliding)
- GB£ - 0.5376 (also still on the way down)
- JP¥ - 93.863 (up very slightly)
- EU€ - 0.6484 (still sliding)
- NZ$ - 1.0852 (down a fair bit)

(bank and paypal rates are 2-3% less than the figures above)

Aside from the JP yen, the other four have been strengthening quite rapidly against the AU$.
From the rates Sinnnertwin posted 6 months ago (below), the Aussie Dollar has weakened by about 10% against those four. The yen must be weakening faster than ours, as we've actually been picking up almost 5% on that one.

USD 0.9569
Pound 0.6092
Yen 0.9018
Euro 0.7171
NZD 1.189

[Bidoofdude]

As of today, according to xe.com, these are the current rates for AU$1...

- US$ - 0.8912 (still sliding)
- GB£ - 0.5376 (also still on the way down)
- JP¥ - 93.863 (up very slightly)
- EU€ - 0.6484 (still sliding)
- NZ$ - 1.0852 (down a fair bit)

(bank and paypal rates are 2-3% less than the figures above)

Aside from the JP yen, the other four have been strengthening quite rapidly against the AU$.
From the rates Sinnnertwin posted 6 months ago (below), the Aussie Dollar has weakened by about 10% against those four. The yen must be weakening faster than ours, as we've actually been picking up almost 5% on that one.

USD 0.9569
Pound 0.6092
Yen 0.9018
Euro 0.7171
NZD 1.189

Darn. Bummer for buying from US online retailers.

[Sinnertwin]

XE.Com

USD 0.899100
GBP 0.545835
JPY 0.936817
EUR 0.657795
NZD 1.08280

Slight improvement against the GBP & EUR compared to the numbers Griffin posted a week ago.

[griffin]

Once again the Yen is bucking the trend of the other currencies compared to ours. It looks like the AU$ has been treading water for the last month, but actually dipped a few cents in the last four weeks and have only recently gained it all back.

As of today, according to xe.com, these are the current rates for AU$1...

- US$ - 0.9001 (almost the same as a month ago)
- GB£ - 0.5482 (almost the same as a month ago)
- JP¥ - 92.152 (down)
- EU€ - 0.6587 (almost the same as a month ago)
- NZ$ - 1.0847 (almost the same as a month ago)

(bank and paypal rates are 2-3% less than the figures above)

[UltraMarginal]

Go Aussie Dollar Go!! get back to parity for my botcon trip.

[jazzcomp]

Go change currency while it's going up. :)

[Sinnertwin]

XE.Com

USD 0.89230
GBP 0.53289
JPY 0.90813
EUR 0.64655
NZD1.0789

[Bidoofdude]

XE.Com

USD 0.89230
GBP 0.53289
JPY 0.90813
EUR 0.64655
NZD1.0789



Dang. :( It's getting better than before though.

[Megatran]

Aussie dollar rose above 0.91 USD. Keep going up you good thing. :)

[UltraMarginal]

Aussie dollar rose above 0.91 USD. Keep going up you good thing. :)

+1 to that

[Omega Metro]

I read that the Aussie will go down to .60 U.S in 2015. Ouch!

[UltraMarginal]

I read that the Aussie will go down to .60 U.S in 2015. Ouch!

How can that possibly be forecast!!