Currency rates (added every week or two).

[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

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.