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Exchange Rates - 1 Australian Dollar worth over 1 US Dollar
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Originally posted by BrooklynBomber View PostUmm, you do realize this is a great news for US? It really means that your people will be buying our ****, instead of their own ****. Thats about it. Low selling currency is almost always a bliss for a well developed country.
There are only 18 Million Australians.
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Originally posted by Pu$$yKiller View PostNot really when the US imports a hell of a lot.
There are only 18 Million Australians.
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BAsic idea is that the cheaper is your currency compared to other currencies the better it is for your own country:
A) Your own people buy your products because they are cheaper then imports
B) your own exports are more attractive to foreigners.
C) your own workforce is more attractive to hire for foreign companies
D) Foreign businesses are more willing to invest in your country's business.
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Erm we are talking VS the Australian dollar here.
This 1 = 1 only affects Australians.
It doesn't always mean the US dollar has gone down a lot VS others, it could mean the Australian dollar has gone up.
Again, there are 18 million Australians only.
The dollar has gone down to about $1.56 vs the UK pound.
Exporting is of coruse great when the currency is weak, but when you also import a hell of a lot, then there is a problem.
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http://people.hofstra.edu/geotrans/e...ngtraders.html
You import more than you export. 500 Billion is the difference.
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Originally posted by Pu$$yKiller View PostErm we are talking VS the Australian dollar here.
This 1 = 1 only affects Australians.
It doesn't always mean the US dollar has gone down a lot VS others, it could mean the Australian dollar has gone up.
Again, there are 18 million Australians only.
The dollar has gone down to about $1.56 vs the UK pound.
Exporting is of coruse great when the currency is weak, but when you also import a hell of a lot, then there is a problem.
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Australia doesn't even import 500 Billion worth a year. It is good to get busienss, but when you import more, you want your currency to be strong.
Simple as that.
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