Stupid Australian $

[jaydisc]

Lookin' good today!!! Currently at .666!

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[Tober]

1 Australian dollar = 0.6758 U.S. dollars

Hopefully this trend will continue and the rapid dropping of the Yen will become fashionable too.

[sanbot]

Don't get too excited boys and gals. As much as its important to stay positive, I highly doubt the A$ is going to increase significantly anytime soon.

With commodity prices, interest rates and global (lack of) growth on the decline, its not looking promising for a country that is so dependent on other countries to be doing well in order for the A$ to do well.

[Tober]

Yeah, apparently the rise is due to the further decline of the USD, our market is actually down again today.

So what I don't get is that given that Japan are so dependant of export why is the Yen so high?

[GoktimusPrime]

The Japanese economy is suffering from having such a high Yen though. I heard on ABC news radio that they've hit their biggest slump in exports in the past seven years and that banks are reducing interest. But I do hope that the yen will decrease... it would be beneficial for the Japanese economy as well as for us who frequently purchase Japanese imports.

[sanbot]

Yeah, apparently the rise is due to the further decline of the USD, our market is actually down again today.

So what I don't get is that given that Japan are so dependant of export why is the Yen so high?

The thing about Japan is that i) their economy is highly self sufficient (not relying too heavily on other economies coz they produce pretty much all their own products) and ii) they are a highly "cashed" up country which rarely borrows money (partly due to the first point). These two factors cause the YEN to stay so strong even when every other countries currency goes down the crapper.

And whilst exports are an integral part of Japan's economy, you must remember that they themselves purchase their own products and services.

[kup]

The thing about Japan is that i) their economy is highly self sufficient (not relying too heavily on other economies coz they produce pretty much all their own products) and ii) they are a highly "cashed" up country which rarely borrows money (partly due to the first point). These two factors cause the YEN to stay so strong even when every other countries currency goes down the crapper.

And whilst exports are an integral part of Japan's economy, you must remember that they themselves purchase their own products and services.

Damn you Japanese efficiency and financial long term responsibility! *shakes fist*

[JuzMel]

Lookin' good today!!! Currently at .666!

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Yeah bugger for me though! I just paid for my SC Kit and BT yesterday at 1.56 and today is at 1.52. I could have saved me $5! Arggghh...

[GoktimusPrime]

The thing about Japan is that i) their economy is highly self sufficient (not relying too heavily on other economies coz they produce pretty much all their own products)

Perhaps we should start exporting Iruka to the Japanese.

(j/ks ppls... jkz)

[roller]

maybe we could make a mint by selling G1 Stalkers to Americans, he wasnt released there and i always see at least 3 at every toy fare in NSW or WA