Maybe I should go buy a whole bunch of US$ now so I can save it for later when the AU$ goes even further down
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Maybe I should go buy a whole bunch of US$ now so I can save it for later when the AU$ goes even further down
who faults is it, you guys. stopped your spending and borrowings when there was high interest rates ,slowing economic growth
its so crap!! time when i need to save even as little money, it's just getting more expensive....
It went up a bit by 2 cents today.
Last night was AUD$1 = US$0.81 now its US$0.83
The BF's dad is a remiser/stock broker for a bank and he predicts it will keep falling to about $0.75 cents probably, the question is just WHEN? For the moment it's drifting up and down a few cents...
As Pulse and dirge have said, the worst time was in 2000-2001 when the AUD hit about US50c, which was when Car Robot and the G1 reissues came out! (and I was still a student then!). (T_T)
Even 75cents isn't too bad. I remember I was glad when it came up to that. :D
Also it wouldn't surprise me if it did trend back up for a bit, what with the massive US government bail out of Fannie and Freddie. This thing is trillions of dollars.
http://www.reuters.com/article/newsO...27801420080906
In the '80s it was all over the place as well. At one point in the late '80s/early nineties (dependng on the month) US Transformers comics in Australian Newsagents went down from $1.95 to $1.75 to $1.70 to $1.50. The UK comics went up and down too depending on the pound to the Aussie dollar ($1.25, $1.30, $1.50, $1.10, etc.) There are good times for our dollar and there are bad. These times aren't that bad at all yet. And yeah - 2001 was crap for buying, but on the plus side - when the dollar's weak I guess it can also be a good time to sell your superflous wares to international bidders in eBay auctions.
I could be cruel and say the no-no word ''US recession...''