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AUD going though the roof

by Regional Warrior
7 replies
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Hey all

Just on the news tonight the Aussie dollar has hit 1.06 to the USD

Have allready changed some of my Paypal Links to Aussie dollar

The amazing part about all this is that this time last year it was at

75c to the USD?

Jason
  • Profile picture of the author whateverpedia
    As I type this it looks like heading to $1.07 and higher.

    Earlier this century, about 2002 from memory, the Aussie was worth US$0.48.

    I used to love getting those cheques from clickbank and the like, and getting more than $2.00AU.

    Sigh, those were the days.
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    • Profile picture of the author Kay King
      May make sense to change the payment type - but if you are selling mainly to a US market, could hurt sales so watch for that.

      In the U.S., we're conditioned to expect to buy in USD. Not necessarily a good trait - but something to watch after making the change.

      kay
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      • Profile picture of the author Bill Farnham
        Well, you're going to see gold skyrocket as well as our stock market here. Those who are holding USDs are dumping them as fast as they can.
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  • Profile picture of the author Chris Worner
    Tell that to the motor industry in this country who price gouge, charging 2/3 times more for cars than overseas, and justify it with some BS about the forex market and hedging against the currency rates.

    Chris
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  • Profile picture of the author seasoned
    YEAH, I DOUBT the AUD is going up. Why would it go up? The DOLLAR is falling, and THAT is why the AUD buys more dollars. 8-(

    Steve
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    • Profile picture of the author myob
      The dollar has actually fallen in relation to all major currencies.
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    • Profile picture of the author whateverpedia
      Originally Posted by seasoned View Post

      YEAH, I DOUBT the AUD is going up. Why would it go up? The DOLLAR is falling, and THAT is why the AUD buys more dollars. 8-(

      Steve
      Actually, the AUD is going up, but not as much as the USD is going down.

      Our economy is relatively strong and stable, and is seen as a proxy for investing in the Chinese and Indian boom markets, because of all the resources we selll to them.
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