Aussie Dollar surges past $US1.08
 

The Australian dollar has surged through 108 US cents on its sustained push into record territory.

Following the five-day Easter and Anzac Day weekend, the local unit was trading at 108.16 US cents at 9.45am (AEST), up from Thursday?s local close of 107.57 cents, but traded as high as 108.52 US cents after headline inflation figures for the March quarter came in at their highest since the June quarter of 2006.

The currency later eased back to close at 108.19-21 US cents at the local close. It was also buying 88.5 yen, 73.8 euro cents and 65.7 pence.


Read more: http://www.theage.com.au/business/ma...#ixzz1Ki2QKbRA

and on that note, for the things we do charge out ourselves, we have switched today from USD to AUD.

Links pulled.

Ya it sucks big time for us (aussie) webmasters atm.

In 10 years, we have had a 60% drop in worth of our overseas income

http://in.vu/images/audusd10ye.gif

You can see the GFC dip, but that was just a temporary blip on the trending rise of the AUD

Canadian dollar is wild too... I'm going to have to start billing in CAD.

Look at it go... bring back the days of around the 0.60c

I remember some long range prediction from about 2 or more years ago some financial guru said it would hit $1.12. A lot of people said no chance... looking likely now

Yup it's fucked at the moment. Looks like it is only going to get worse too.

I bought 1 kilo of silver this morning. The dollar will go down more and gold/silver will go up!

One thing I have noticed about Australia is there are no factories, at least not what I can see. Its really weird. In fact, the only thing the economy seems to have is mining. You walk into a shop and everything is made overseas, nothing in Australia. Everyone you speak to seems to be getting some sort of welfare from the government. Maybe im wrong here...but is this a recipe for disaster?

You are correct.

Once upon a time Australia was one of the worlds largest manufacturers of Radios, we used to manufacture televisions here, we also used to manufacture many other things here. Now we don't. For most of our history, other than our short lived manufacturing booms which died off in the 1970's, we have lived off the sheep's back, in other words we lived off exports of primary production.

As mineral resources grew in value and large deposits of iron ore were exploited we grew into a country which lives largely off mining income. We also have a large scientific, research base, however most innovation ends up going overseas for exploitation.

When the day comes that the last ounce of iron ore is pulled out of the ground, we are fucked.

Good for Aussies, bad for Aussie webmasters.

That sudden rise just after 02/09 gave me the extra funds to buy CamGirls.com

Won't last this high, Australian economy is a microcosm of the US economy.

It is bad for anyone outside usa,not just aussies.Starting to thinking about moving to some cheap country with pegged currency to dollar.

60C??? I remember the good old days of 48 cents to the dollar!

move to the US ;.. problem solved ;)

Perhaps you should take yourself to an INDUSTRIAL area. We do not have factories in suburbs or cities :2 cents:

Who have you been speaking to? I don't know anyone on any type of welfare.

Recipe for disaster is causing our dollar to increase? Fuck me I'd hate to see if we actually did something right.

Australia exports a large number of products - mining being the biggest but it is most definitely not the only export. Always great to have people speaking fluently out of their ass.

Yes we all see the Aussie $$ going up but i actually think its not that the Aussie $$ is gaining strength but the US $$ loosing strength so it seems like the Aussie is gaining. All currencies are based on the US.

Not realy,life costs are 5x bigger there :)

Well, one of bernanke's plans have finally worked. Great job debasing our currency, jackass.

$1.091.....

$1.0927.....

Aussie Aussie Aussie!

This must be having a serious impact on some webmasters bottom line. In what other business can you sustain a 60% drop in value of earnings over a 10 year period ?

The recent spike in the AUD against the USD must be hurting some Webmasters, also in European countries and Canada the same type of pain must be being felt.

As I said earlier, for anything that we do bill ourselves we have switched to AUD, charging in USD is no longer sustainable.

You shouldn't be so happy that AUS is so strong, since everyone pays in USD you are making less because of this!

One can also argue its not AUS getting stronger, its the USD getting weaker.

Look at USD/EUR in less than 3 months it went from 1.32 USD = 1 EURO to 1.478 USD = 1 euro

http://www.exchange-rates.org/history/USD/EUR/G/100

I only see people annoyed that the AUD is so strong. Why not actually read what is said first?

Look at pretty much any currency compared to the USD over the last 18 months.

Aussiedollar can lick my balls :(

When you charge 1c/word like I do for handwritten, custom text, a 15 point difference in 90 days makes a HUGE difference on your bottom line! I'm talking EUR/USD

And its still a felon colony

Woah really! I remember in '01 when I was studying abroad there I could get two aussie dollars for one USD

Most Aussies I met in Australia were cool but you're that special kind of Aussie that used to give me shit for being American when I lived in Oz for 5 years! As soon as they hear an American accent they all do and say the exact same shit "OH Americans are all tall poppies because your dollar is worth so much more" blah blah blah "Take the American products of the shelf and only buy Australian" , "don't hire foreigners, Americans and Asians are taking all the Australian jobs" "You only love war" , "Bush is the typical American" blah blah blah

Half the people I met in Oz, and I met A LOT, were on the doll and had no issue with working on the side under the table. lol

Now you think you're so good because your dollar is worth more. Your country is so perrrrrfect anyone who has a different view of your perrrrrfect Australia is sooooo wrong:321GFY :1orglaugh:1orglaugh:1orglaugh:1orglaugh:1orglaugh