SkinnedAussie Posted April 29, 2011 Share Posted April 29, 2011 That's right, I have for sale one crisp Australian dollar (actually, it's a nice shiny coin). It is going for the bargain price of US$1.11. You read it right, one Aussie dollar will now buy 111 US cents. There was a time when at US$1.05, the Aussie dollar was expected to level out and once again fall below parity, but it looks like it could go even higher before it starts to drop. Link to comment Share on other sites More sharing options...
twa Posted April 29, 2011 Share Posted April 29, 2011 You're rich ....can I have a loan? Link to comment Share on other sites More sharing options...
AsburySkinsFan Posted April 29, 2011 Share Posted April 29, 2011 That's right, I have for sale one crisp Australian dollar (actually, it's a nice shiny coin). It is going for the bargain price of US$1.11.You read it right, one Aussie dollar will now buy 111 US cents. There was a time when at US$1.05, the Aussie dollar was expected to level out and once again fall below parity, but it looks like it could go even higher before it starts to drop. Oh hush! You're descended from criminals you can't be trusted. Link to comment Share on other sites More sharing options...
SkinnedAussie Posted April 29, 2011 Author Share Posted April 29, 2011 I was watching the heartbreaking destruction in Alabama of all the tornado damage, and then Obama says that Federal funds will be allocated to rebuild. I thought 'How is that possible when the US are quickly running out of money?' Is it right that I heard the US was losing a couple of billion dollars a day just in fighting the various wars? ---------- Post added April-29th-2011 at 10:49 PM ---------- BTW, our gas prices are verging on $1.50 per litre. My way of a quick conversion is 4 litres to a gallon, then 4 x $1.50 = a close enough result. Link to comment Share on other sites More sharing options...
AsburySkinsFan Posted April 29, 2011 Share Posted April 29, 2011 I was watching the heartbreaking destruction in Alabama of all the tornado damage, and then Obama says that Federal funds will be allocated to rebuild. I thought 'How is that possible when the US are quickly running out of money?'Is it right that I heard the US was losing a couple of billion dollars a day just in fighting the various wars? At the height of the Iraq war it was at 10 billion per month, so no a couple billion per day is not right. Has a decade of war cost our country...you betcha. BTW, our gas prices are verging on $1.50 per litre. My way of a quick conversion is 4 litres to a gallon, then 4 x $1.50 = a close enough result. Oh and there are 3.78 liters in a gallon, so you're paying $5.67 cents per gallon. See what you guys need is an oil rich country to invade so you can control their oil supply, that shouldn't be hard for a bunch of criminals. Link to comment Share on other sites More sharing options...
SuperSkinette Posted April 29, 2011 Share Posted April 29, 2011 I'm here in Sydney for a semester abroad, and this exchange rate is KILLING me. I'm trying to get a part-time job since minimum wage here is great, and I will go broke if I don't. Students who studied abroad here in past years were raving about the exchange rate, since it used to be like US$1 = AUD$2. Guh. Link to comment Share on other sites More sharing options...
Hubbs Posted April 29, 2011 Share Posted April 29, 2011 $1.11 will seem expensive temporarily when QE2 ends, then seem cheap after QE3 gets going. Link to comment Share on other sites More sharing options...
mcsluggo Posted April 29, 2011 Share Posted April 29, 2011 I presume that fluctuation doesn't have anything to do with the fact that the Australian economy is largely one based on extraction of commodities.. and that many of those commodities have booming prices right now..... ? Link to comment Share on other sites More sharing options...
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