Been overseas for a month now and just checked out www.xe.com ...we're back up to 0.72c for every usd! 10c more than when I left Melbourne. Hopefully when I get back it will miraculously return to it's former 0.95c value.
Been overseas for a month now and just checked out www.xe.com ...we're back up to 0.72c for every usd! 10c more than when I left Melbourne. Hopefully when I get back it will miraculously return to it's former 0.95c value.
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Yeah... I'll be happy if the AUD returns to 76-80USc. Compared the the behemoth that is the United States economy, even in recession, the Australian economy just isn't worth 95USc
Last edited by griffin; 8th January 2009 at 03:55 PM. Reason: removed unnecessary comment.
OMG i just paid for my MP GRIMLOCK Pre-Order.
$240 AUD Inc shipping to Perth!Paypall gave me 0.63c for the AUD.
I'm feel sick......MP Grimlock is officially the most expensive TOY (Including Macross!) that I have ever purchased. At least thats my whole years acquistitions done!
The AUD is sliding like a freefalling, greased housebrick. I blame the dam AUS media. They got everyone too scared to buy a coffee in the morning.
Side note;
*Sigh* I suppose fear keeps the masses compliant. Terrorists, Religion, Sex Offender's, Video Games, Sharks, and the Financial Crisis.
Be scared people, or the media advertisers won't have a market.
MEGATRON Without PRIME is like Bacon without Eggs.
Yeah I was pretty shocked too when a couple of Galvatron accessories that I ordered ended up being AU$65 in total!
It is weird. The AU$ was climbing slowly up to US72c, and then this week it just dropped down to US66c, and expected to drop further before recovering middle of the year. Since the dollar can gain or loose that much in a short space of time, and has done so a few times in the last few months, I think it is foolish for economists to try to predict where it will be at any future time. Even I was expecting that it would at least hold itself in the US70c bracket for a while, but the 10% loss in the last week has me lost as to its direction (which helps decide when best to import toys).
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I thought we had a pretty strong economy
, why does our dollar go down everytime the U.S economy is up the duff?? Surely if you have the economy that is performing better you should have the steadier currency
. This has never ever made any sense to me and you can say whatever you want until the cows come home, you still wouldn't be able to convince me that it will ever make any sense
.
*crying like a baby*
It depends on what your currency is based on.
As Australia's is a commodity-based economy, and commodities tend to be very volatile, any time there is economic volatility it hits our currency quite hard.
The Yen and the US$ are perceived as being more stable, "safe harbour" currencies, as their economies are less inherently volatile. For the US this is mainly due to the chicanery that went on at the Bretton Woods conference after the Great Depression, where the US essentially set things up so they could just keep printing and borrowing money and no-one would ever call in the debts.
SofaMan - Occasionally Battling Evil with his Mighty Powers of Indolence