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I don't know much about how the economy works, I try to read as much as I can, but one thing that has confused me over the last week, maybe someone can enlighten me. Why is the Australia Dollar dropping so rapidly against the rest of the world and the American/Canadian Dollar are staying strong, what are we doing wrong?
Its ridiculous, pretty soon our money will be worth nothing.
Here is a chart of the last 120 days
Peaked just under 98cents to the US Dollar. I have also seen it hit 0.98+ late last year. It has been raped and pillaged over the last week. It's ludicrous.
As it currently stands
1.00 AUD = 0.683832 USD
1.00 USD = 1.46235 AUD
it was sitting at 67cents about 20 minutes ago. WHAT THE FUCK IS GOING ON! I'm going to Europe in 3 weeks and this is what I have to face.
1.00 AUD = 0.500086 EUR
Literally 1:2. Basically if a week in Europe is going to cost me 1000euro, I have to take $2000.00, etc...
Can anyone explain what is going on?
 
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no kidding. my indoor soccer team wanted to outfit ourselves with some nice jerseys from an american site but that is no longer an option since our dollar just keeps plummeting
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Don't worry even if euro > $ we are also fucked.
With the same money i can get a clio in Europe ( google it to see how crappy it is ) instead of a Camaro in the US.
And the politicians here are proud to have a "strong currency". But for average people it'is the same, prices are uber high and you can't go to US to do shopping.
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Great, so not only is our dollar worth nothing, but the Euro I'll be able to get with it won't be able to buy much..
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Why should the aussie dollar fall, due to US incompetence???
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I have a 2001 camaro I'll sell you for 2'000 bucks with 68,000 miles on it.
Oh ya there is a slight knock under the hood. I'm sure its nothing.
PayPall or pics first
Bright red 5 speed v6... lemme know.
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On October 08 2008 21:26 Energies wrote:
Great, so not only is our dollar worth nothing, but the Euro I'll be able to get with it won't be able to buy much..
In Europe yea.
On October 08 2008 21:27 AttackZerg wrote:
I have a 2001 camaro I'll sell you for 2'000 bucks with 68,000 miles on it.
Oh ya there is a slight knock under the hood. I'm sure its nothing.
PayPall or pics first
Bright red 5 speed v6... lemme know.
I don't have my driver license + it is a pain in the ass to buy cars from another country if you are French. You have to pay extra taxes + to ship the car to Europe.
It would cost me A LOT more than 2000 bucks haha.
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ROFL at boblion.
God im so glad i bought all my go related equipment when the currency was peaking at 98c. bought 300 dollars worth of stuff for basically the exact same in $AU.
Pretty crazy how much its dropped.
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Interest rate drop = less attractive for foriegn sources to invest, pull money out of the Australian economy, drops the dollar. Don't worry, Australia takes it in the rear for EVERYTHING it seems. Companies price gouge the fuck out of Australia. Even when the dollar was at .98, I remember I went to buy a new release. It was 105 fucking dollars. A quick search told me it was going for a maximum of 60USD.
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what i was told by my dad was that its due to the drop in bank interest rates, and a drop in the commodities prices. not sure if its accurate.
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Yeah well be glad you don't live in New Zealand.
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/glad.
Yay for falling dollar.
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^whats the reason to be glad this time?
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On October 08 2008 21:22 SoMuchBetter wrote:
no kidding. my indoor soccer team wanted to outfit ourselves with some nice jerseys from an american site but that is no longer an option since our dollar just keeps plummeting
damn man, when i used to play indoor we'd always pick the 5 dollar england jerseys from lowes lol. with the falling dollar i guess its shirtless time for a while
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"Alright guys scrim time, skins vs shi.... Hmm, looks like we're just kicking the ball against the wall tonight"
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Cauchy says its because of falling commodity prices. These should go up again though.
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Belgium6773 Posts
every currency seems to be dropping
which one is rising?
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Spenguin
Australia3316 Posts
Damn Russians *shifty eyes*
I kid but we are getting raped in ass so much I think we could sit on the big banana and think that we sat on a stick.
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United States43209 Posts
On October 08 2008 23:23 Xeofreestyler wrote:
every currency seems to be dropping
which one is rising?
dollar
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EPT![[image loading]](http://img367.imageshack.us/img367/1592/59353005al6.jpg)
