Well its worse than parity for us now in a realistic sense. With the cut the banks take coupled with the fees we are getting less than the $us value :(

Save the dollar!

Fuck it got close. Hit 0.99903 and then dropped off a little.

10 years ago I used to double my money $USD - $AUD now it just sucks.

Parity today Parity today hi ho a dario parity today.

On Another note How fucken shit is the US dollar. You yanks must love having your dollar reduced to being worth pennies. Not exactly sure how you are going to pay back your debts. When your dollar keeps dropping. China just going to come in to the USA 10 years from now and go yep thats all mine!

cdn exchange rate fuckin blows. cmon usd , get back to the top

The Aussie could reach $US1.10 within a month, AMP Capital Investors chief economist Shane Oliver said.

http://au.news.yahoo.com/latest/a/-/...ar-alone-swan/

No help from the govt from the looks of things.

Any future interest rate rise will further exacerbate the situation for sure, however if we see some instability in the fragile Gillard government then this could be good to bring the dollar down somewhat.

I don't like a high dollar, not only do I end up with less $AUD each month, it also encourages more imports which this country needs like a hole in the head.

Under Clinton (Democrat) we were getting 35 CZK to the $
Under Bush it dropped to 15 CZK
Under Obama it climbed to 20 and now falling again to 17

Economics and exchange rate depend largely on what a country produces and exports against imports. For decades the US has been sucking in billions more than it exported. Largely supported by banking and finances. Now the banks fucked up. :Oh crap

It's going to get worse and worse, not better.

When we first came here all our payments were in cheques. In fact I never got paid any other way in B2B. Never gave it a second thought that the bank charged 1% on a $5,000 cheque. Now we get a few small ones. Last month a $300 cost $15 to clear (5%)

There was always money in the bank, so 6 weeks to clear was no problem.

When I was in the UK running a porn mail order business, cheques could be as small as $30. Normally there was a minimum on clearing a cheque. I negotiated an over all rate. People moaning about the cost of clearing cheques reveal the size and number of cheques they receive.

I converted a couple $k USD just now and the bank rate is ABOVE PARITY.

50 webmasters getting screwed by exchange rates..

Yeah I've noticed those cheeky cunts at Westpac score an extra 1.5-2% above the current market rate.

But don't worry everyone Swanny is on the case with his banking reforms! :1orglaugh

-N

I maybe wrong but I am not converting money back to $AU until the new year, holding all income in my USD account

i don't think you're wrong, it's the smartest thing to do... all we need is for stock market to sink

That's probably because they roll their commission into the rate. I use HSBC now, which quotes a rate which is virtually identical to market, but then they also charge a separate 1% commission. Funny thing is that they don't do it right - they often charge me NO commission, and the rest of the time it's just the $10 minimum fee, rather than 1% of the actual amount received. Not that I'm complaining! :winkwink:

Anyway, Yahoo is showing that the rate briefly went above 1.00 today.

If you really believe that, then you are an illiterate in economic theory.

Yup exactly right. Dickheads who have no understanding of the state of the global economy (or intentionally misrepresent economic issues) should not be shadow treasurer or finance minister or whatever the fuck he is.

The US can't add 7 trillion in debt under Bush and another 4 trillion under Obama (in his first term), print money like madmen, keep interest rates at 0.5% while running 9% unemployment without devaluing the USD. Fucking obvious unless you are a lying politician interested in trying to blame the other side rather than being HONEST with people.

Only the foolish believe a single fucking word that comes out of the mouth of ANY politician.

What I should have said it has some effect. Of course the weakening US dollar is a major part but the reckless spending by labor leads to more inflation which leads to upward pressure on interest rates and the dollar.

Weakness is the USD is only a part of it, we are very strong against China, India, Canada, Euro, US and every other major country we export our good and resources to. This plus the fact that tourists are no long seeing Australia as a good value destination means that these current highs can't last to long before they do real damage and the AUD comes back to the rates it should be :2 cents:

The Libs wanted to spend almost as "recklessly". Besides their stated levels of preferred stimulous spending and mix, have you forgotten the middle class welfare the Libs instituted? That Rudd wedged Howard in 2007 with Howard's "reckless" election bribes? The country is in a great position economically. It's a good time to be digging up stuff and selling it. The reality is we'd be in pretty much the same position economically no matter who was in power, we're talking a percent either way here. Even that grinning idiot Hockey probably couldn't screw it up atm. There really hasn't been that much difference between the Libs and Labor economically since the mid 80's. Big screaming deals are made out of the 5% difference and policies either party could have generated depending on the political landscape at the time.

I know, it's bad. Real bad. 98% of my income is from the US.

And interest rates are going up probably .45% in real terms, I hope you guys with mortgages don't have much left on them.

Well we have now gone past the USD

I following this site: http://forex.einnews.com/news/bank-us-dollar
to determine value of dollar.

I always find it interesting that the Dollar is dropping on exchanges all over the world yet the stock market seems to be doing fine.


I read someplace that this is being done on purpose so that they can entice foreign investors to buy in the US.

fuck i cant see why you aussies doing porn at that rate

wasnt it over au $1.05 to us$ the other day

its like your losing money

I love incite from New Zealanders. You guys are so evenly balanced, you have a chip on both shoulders :1orglaugh

Wow, NZ power, I make a statement how most Australians / English / the world view kiwis, and I'm shot into the red rep? LOL, you guys are fucking pathetic, and so is this dumb rep thing btw.

I've been in this business a decade, and some little post whoring pricks who are happy with $30K a year are able to vote someone down, and I'm not?

This place is becoming more and more pathetic by the day.

Fuck Eric, get a grip.

We all come out of the woodwork from time to time.

it wasnt me who voted you down

I know, the dumb twat rule is you have to have 10,000 posts first.

That vbulletin addon was obviously well thought out. It creates controversy and annoyance = page views.

A bit shallow really, I'll have to see if they do it for my forum software too, then I could piss off 75,000 members on my site :1orglaugh

How many people even visit this place any more with any regularity? I'd love to know the numbers.

Back on topic, dollar at parity. Time to start doing cash websites for local businesses...

How shitty is that ?

Don?t complain about the bad times think about how well you have done.
Fuck I remember when it was 48 cents and I was making $1500 to $2000 USD per week It?s just shit you cant control.