Exchange Rates - 1 Australian Dollar worth over 1 US Dollar

[BrooklynBomber]

Umm, 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.

[Pu$$yKiller]

only idiots think that's how you measure economy.

japanese yen is even lower than philippine peso but it doesnt mean philippines is richer than japan

IDIOTS

The Dollar is a world currency.

Of coruse it is how you measure soemthing.

[Pu$$yKiller]

Umm, 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.

Not really when the US imports a hell of a lot.

There are only 18 Million Australians.

[BrooklynBomber]

Not really when the US imports a hell of a lot.

There are only 18 Million Australians.

You do realize US in #1 exporter in the world. Exactly because of our monetary policy

[BrooklynBomber]

You do realize US in #1 exporter in the world. Exactly because of our monetary policy

actually scratch this, US is not the biggest anymore. it's a close race between germany, china and US.

[BrooklynBomber]

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.

[Pu$$yKiller]

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.

[Pu$$yKiller]

http://people.hofstra.edu/geotrans/e...ngtraders.html

You import more than you export. 500 Billion is the difference.

[BrooklynBomber]

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.

you are absolutely right on your last point BUT what the **** do we import from Australia? Their ****ty beer? Thats about everything they make. But we sell them a lot of stuff like our cars, appliances, etc. Most of what we import comes from china, and they make their currency artificially weak so we can buy a lot of their crap. Then, ofcourse, there is japan, this is huge when it comes to high end tech goods like TVs, cellhpones, ets but their currency is also much weaker then ours, so they are riding our dollars hard. So, these are two countries that we cant really sell much to, because they are largely self-sufficient when it comes to technology BUT they dont produce enough of food and buy a lot of it from us, no matter the price. However, the rest of developed world is on EURO and Pound, so we are riding them hard when it comes to exports.

[Pu$$yKiller]

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.