Currency rates (added every week or two).

[griffin]

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

- US$ - 0.7385 (a massive fall after getting close to 80c two months ago, and likely to fall further in coming months)
- GB£ - 0.4724 (also a large drop)
- JP¥ - 91.403 (very little change in 4 months, as the yen seems to be vulnerable to global financial turmoil like the AU$)
- EU€ - 0.6754 (down a lot, despite the Greek troubles that should be weakening the currency)
- NZ$ - 1.1303 (a huge gain after the NZ$ was within striking distance of parity earlier in the year... it seems to be the one currency doing worse than ours)

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

[Zippo]

- NZ$ - 1.1303 (a huge gain after the NZ$ was within striking distance of parity earlier in the year... it seems to be the one currency doing worse than ours)

Sigh!

[griffin]

I feel bad for you, but at least for as long as I can remember the NZ$ has always been 10-20% worse than the AU$, particularly to the US$, so shouldn't be something you haven't been used to for most of the time collecting Transformers.
It was just very unusual to see it get close to parity to our currency about 6 months ago, as it was probably pretty exciting... like us getting to US parity. (it was sweet, but short-lived )

[griffin]

The AU$ has fallen another US cent in the last few days, to be about 72.7 cents... from weakness in China and a falling Gold price (lowest in 5 years).
(then take off another couple of cents for the actual rate from banks and paypal)

That's the lowest it's been since 2004, when it was on its way up from the record low of 49 US cents in 2001.

[jazzcomp]

Very bad time for overseas travel.

[BigTransformerTrev]

China devalued their currency overnight, causing our own dollar to drop to 73US cents

Why China couldn't have waited an extra 24 hours so many of us could get our TFSS orders in I do not know

[DELTAprime]

It's a sad sign of the times that I got excited when Commbank raised the US exchange rate from 69c to 71c for a little while the other day. Back down to 69c again.

[griffin]

The AU$ plunged against most currencies on Monday (up to 8% on some), as our investability rests largely on the backs of our largest trading partner's projected growth (China)... and that has been taking a bit of a slide lately, leading to a stock market plunge in Asia on Monday.


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

- US$ - 0.7125 (down 2 cents in the last month, after a fair bit of yoyo-ing in the last week)
- GB£ - 0.4539 (down 2 pence in the last month)
- JP¥ - 84.735 (a massive drop of 7 yen this week, after sitting at 90-95 yen since February)
- EU€ - 0.6178 (another 6c lost, with most of it being this week)
- NZ$ - 1.0998 (a drop of 3c in the last month)

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

[kup]

I think we are starting to pay the price of putting all our eggs in one basket - Mining relying on china.

We got rid of much of our national industries and neglected whatever remained in favour of mining and the global economy. Now we are tied to China like a dinghy to a huge tanker. If it goes down, it takes us with it.

I hate to say it guys but the logical path seems to be down for the long term.

[yoshi594]

any economy experts know if we're gonna recover soon? or do i need to panic pay my preorders before we drop even further against the yen?