Did you get that rate from your bank or the net???
If it's bank please tell me who you are dealing with...
I got 1.05 today with CIBC.....
What time you did it? Got 1.0629 with cibc foreign exchange service. If you trade more than 100k a year you should register to it. They give slight better exchange than at your branch.
You cant buy your own debt and expect your currency to survive
Absolutely brilliant comment right there.
We can hope all we want, cross our fingers and pray to whatever deity one might choose, but as long as the USA continues to buy up treasuries and prints more dollars; the dollar is doomed. I also wouldn't be surprised if one of the major debates of the next presidential election is supporting China and Russia's currency basket proposals.
Crashing against the british pound as well. I was enjoying the 1.4 rate in Feb and March. April went to 1.5 but still amazing. Looking like its gonna hit 1.7 in the next week or 2 and before I know it we'll be right back at $2 to £1. Fucking sucks.
When the USD > AUD is low (around .065) it's hard to make coin but when you do it's worth it. But when it's (.085+) it's easy to make coin but less money per dollar.
The entire system sucks, but this is what we did to ourselves.
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