Quote:
Originally Posted by Renato1
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That is the advertised rate and not the rate you actually buy the USD for, as there is a marginal cost for exchange to any currency. It can be as much as 4 cents lower, than the advertised rate. You would only get the true advertised rates if you were exchanging a large amount of currency, probably in the many millions.
And you are indeed correct, it isn't our dollar devaluing but the US rising. It is likely to get stronger too, but long term, our currency is also likely to weaken, if exports fall, particularly if China's expansion slows.
Cheers Peter