ICEINSPACE
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Moon Phase
CURRENT MOON
Waning Crescent 6.1%
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16-10-2010, 03:26 AM
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IIS Member #671
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Join Date: Dec 2005
Location: Canberra
Posts: 11,159
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$1 usd = $1.03 aud
Oh, how sweet it is.
Buy up now, kiddies. Christmas is around the corner.
I'll be putting in a few orders for accessories and bits and pieces. 
H
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16-10-2010, 05:34 AM
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Let there be night...
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Join Date: Aug 2006
Location: Hobart, TAS
Posts: 7,639
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Do you mean "$1 usd = $1.03 aud" or rather "$1 aud = $1.03 usd" Humayun?
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16-10-2010, 05:57 AM
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1 of 7 of 9
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Join Date: Sep 2009
Location: Perth
Posts: 1,968
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as at 0255 hrs WST on xe.com 1xUSD = 1.012 AUD......
bartman 
it did drop in the last few hours
Last edited by bartman; 16-10-2010 at 06:11 AM.
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16-10-2010, 08:11 AM
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Registered User
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Join Date: Apr 2007
Posts: 1,244
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Quote:
Originally Posted by bartman
as at 0255 hrs WST on xe.com 1xUSD = 1.012 AUD......
bartman
it did drop in the last few hours |
This still means one USD buys more than one AUD. We generally monitor how many USD one AUD buys. In the above example one AUD buys 1/1.012=0.988 USD.
The AUD did hit parity with the USD overnight but has fallen slightly since.
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16-10-2010, 08:22 AM
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1 of 7 of 9
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Join Date: Sep 2009
Location: Perth
Posts: 1,968
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Quote:
Originally Posted by astro744
This still means one USD buys more than one AUD. We generally monitor how many USD one AUD buys. In the above example one AUD buys 1/1.012=0.988 USD.
The AUD did hit parity with the USD overnight but has fallen slightly since.
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k fair nuff.....
just was backing H up....
bartman
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16-10-2010, 09:09 AM
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Certified Village Idiot
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Join Date: Jul 2006
Location: Mexico city (Melb), Australia
Posts: 2,359
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How will I enjoy this new found buying power....ummm...Only if I had the money! 
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16-10-2010, 09:44 AM
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Moderator
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Join Date: Apr 2005
Location: NEWCASTLE NSW Australia
Posts: 33,428
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must resist the urge.........
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16-10-2010, 10:16 AM
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1 of 7 of 9
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Join Date: Sep 2009
Location: Perth
Posts: 1,968
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I shall not name, but a friend of mine has bought $100 000 Aud in Usd's just now.
When it does ( and it will sometime) go down to 90 cts he will have made $10000. Pays for a holiday he says!!!!!!!
Lucky bstrd
Bartman
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16-10-2010, 10:18 AM
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Plays well with others!
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Join Date: Nov 2004
Location: Ridgefield CT USA
Posts: 3,535
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The continued weakening dollar may actually cause some USA prices to rise (relative to other currencies)...I need to do the math but it might be cheaper for me to buy some gear using my AUD$ account!
I wonder what BINTEL will charge for postage to the USA?
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16-10-2010, 10:31 AM
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Certified Village Idiot
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Join Date: Jul 2006
Location: Mexico city (Melb), Australia
Posts: 2,359
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Quote:
Originally Posted by wavelandscott
The continued weakening dollar may actually cause some USA prices to rise (relative to other currencies)...
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Spot on Scott.
Thus buy now before the prices rise!
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16-10-2010, 01:16 PM
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Fast Scope & Fast Engine
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Join Date: Nov 2006
Location: Broken Hill N.S.W
Posts: 3,305
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Quote:
Originally Posted by bartman
I shall not name, but a friend of mine has bought $100 000 Aud in Usd's just now.
When it does ( and it will sometime) go down to 90 cts he will have made $10000. Pays for a holiday he says!!!!!!!
Lucky bstrd
Bartman
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Now comes the capital gains tax
Cheers kev.
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16-10-2010, 02:03 PM
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Waiting for next electron
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Join Date: Mar 2008
Posts: 2,427
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I think if you want to enjoy the benifits of the high dollar you had better get a move on. The Au$ will not be allowed to stay at this level for very long as it will impact our exports.
Mark
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16-10-2010, 02:14 PM
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Moderator
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Join Date: Apr 2005
Location: NEWCASTLE NSW Australia
Posts: 33,428
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Quote:
Originally Posted by wavelandscott
The continued weakening dollar may actually cause some USA prices to rise (relative to other currencies)...I need to do the math but it might be cheaper for me to buy some gear using my AUD$ account!
I wonder what BINTEL will charge for postage to the USA?
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goodness me i never ever would have thought anyone would have said that 
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16-10-2010, 04:04 PM
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Seriously Amateur
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Join Date: Sep 2009
Location: Brisbane
Posts: 1,279
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Quote:
Originally Posted by bartman
I shall not name, but a friend of mine has bought $100 000 Aud in Usd's just now.
When it does ( and it will sometime) go down to 90 cts he will have made $10000. Pays for a holiday he says!!!!!!!
Lucky bstrd
Bartman
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I have heard someone say that $1.30 was not out of the question, in which case he will have lost $30,000 - he might as well take it to the casino....
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16-10-2010, 04:08 PM
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Seriously Amateur
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Join Date: Sep 2009
Location: Brisbane
Posts: 1,279
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Quote:
Originally Posted by marki
I think if you want to enjoy the benifits of the high dollar you had better get a move on. The Au$ will not be allowed to stay at this level for very long as it will impact our exports.
Mark
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In very general terms, the current exchange rate situation is a result of a strengthening AUD against a weakening USD. There is not a whole hell of a lot we can do about a weakening USD, even if it is bad for our exports.
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16-10-2010, 04:45 PM
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Certified Village Idiot
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Join Date: Jul 2006
Location: Mexico city (Melb), Australia
Posts: 2,359
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Quote:
Originally Posted by adman
... There is not a whole hell of a lot we can do about a weakening USD, even if it is bad for our exports. |
Nor is there a lot America can do due to their debt. They have to reduce it and this will hurt them!
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16-10-2010, 04:53 PM
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Politically incorrect.
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Join Date: Apr 2009
Location: Tasmania (South end)
Posts: 2,315
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Exchange rates.
Hot Damn! I just a brand spanking new C11 OTA for $1600 Au! Next the Hyperstar!
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16-10-2010, 06:09 PM
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accepts all donations
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Join Date: Feb 2006
Location: Braidwood (outskirts)
Posts: 2,281
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I've made a LOONG list of things I cant afford but then again, I cant afford NOT to get them now!
might need to redraw against the mortgage.....
frank
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17-10-2010, 01:05 AM
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Plays well with others!
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Join Date: Nov 2004
Location: Ridgefield CT USA
Posts: 3,535
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Quote:
Originally Posted by wasyoungonce
Nor is there a lot America can do due to their debt. They have to reduce it and this will hurt them!
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Actually if it done correctly it does not have to hurt the folks in the USA much at all...weaken the value of the dollar with super low interest rates driving down the cost of borrowing and then get a bit of inflation going...
Oh sure it hurts the rest of the world but then again...
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17-10-2010, 02:34 AM
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Waiting for next electron
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Join Date: Mar 2008
Posts: 2,427
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Quote:
Originally Posted by adman
In very general terms, the current exchange rate situation is a result of a strengthening AUD against a weakening USD. There is not a whole hell of a lot we can do about a weakening USD, even if it is bad for our exports. |
You are right we can't do much for the US dollar but the treasury will find a way to devalue it don't worry about that.
Mark
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