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Conversion Rates?

Conversion Rates?

Old Dec 31st 2007, 5:20 am
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Question Conversion Rates?

Hi,

Australia is a lot bigger in size then UK.But why Australian Dollar is 2.5 times lower than British Pound?

Even Australian Dollar is lower than Canadian and USD$?Why?


Thanks
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Old Dec 31st 2007, 5:25 am
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Default Re: Conversion Rates?

Originally Posted by smurtaza View Post
Hi,

Australia is a lot bigger in size then UK.But why Australian Dollar is 2.5 times lower than British Pound?

Even Australian Dollar is lower than Canadian and USD$?Why?


Thanks
UK had/has far more gold bullion reserves from which original rates were based.

Size doesn't matter its how you use it.

Notice you dont mention any middle eastern rates too compare or african



















or telecomms
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Old Dec 31st 2007, 5:27 am
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Default Re: Conversion Rates?

Originally Posted by smurtaza View Post
Hi,

Australia is a lot bigger in size then UK.But why Australian Dollar is 2.5 times lower than British Pound?

Even Australian Dollar is lower than Canadian and USD$?Why?

Thanks
Good question ... AND surely because the banknotes are made of plastic they must be worth more than GBP or USD ... more useful in a damp crisis and all that.

These questions need answers!
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Old Dec 31st 2007, 5:34 am
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Default Re: Conversion Rates?

Originally Posted by Vim Fuego View Post
Good question ... AND surely because the banknotes are made of plastic they must be worth more than GBP or USD ... more useful in a damp crisis and all that.

These questions need answers!
Need to work on that drinking problem mate
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Old Dec 31st 2007, 5:54 am
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Default Re: Conversion Rates?

Originally Posted by smurtaza View Post
Hi,

Australia is a lot bigger in size then UK.But why Australian Dollar is 2.5 times lower than British Pound?

Even Australian Dollar is lower than Canadian and USD$?Why?


Thanks
Canada's money is worth more because Canada is a bigger country.
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Old Dec 31st 2007, 6:02 am
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Question Re: Conversion Rates?

Originally Posted by Dorothy View Post
Canada's money is worth more because Canada is a bigger country.
It means EU is also a bigger country then UK.Then why GBP is more higher than Euro?
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Old Dec 31st 2007, 6:16 am
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Default Re: Conversion Rates?

Originally Posted by smurtaza View Post
It means EU is also a bigger country then UK.Then why GBP is more higher than Euro?
EU is not a country. It is a union of individual countries.
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Old Dec 31st 2007, 11:36 pm
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Question Re: Conversion Rates?

Originally Posted by Dorothy View Post
EU is not a country. It is a union of individual countries.
United States is also a union of 58 states or countries.
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Old Dec 31st 2007, 11:38 pm
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Default Re: Conversion Rates?

Originally Posted by smurtaza View Post
United States is also a union of 58 states or countries.
No it's not. The EU is a union of countries. The US is one country with 50 states. Just like Canada is one country with 10 provinces and 3 territories. Or Australia is one country with 6 states and 1 territory.

I'm wondering when the US got another 8 states?
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Old Dec 31st 2007, 11:43 pm
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Default Re: Conversion Rates?

2.5 times... I'll take your exchange rate.. let me borrow 100K GBP from the bank.
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Old Jan 1st 2008, 9:02 pm
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Question Re: Conversion Rates?

Originally Posted by datamile View Post
2.5 times... I'll take your exchange rate.. let me borrow 100K GBP from the bank.
Howard (PM) was saying Australian economy is booming but there is no significant difference in conversion rates why?Only Petrol prices are going up.In Bangladesh Petrol(USD$1 per litre) is cheaper than Australia.
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Old Jan 1st 2008, 9:46 pm
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Default Re: Conversion Rates?

Originally Posted by smurtaza View Post
Howard (PM) was saying Australian economy is booming but there is no significant difference in conversion rates why?Only Petrol prices are going up.In Bangladesh Petrol(USD$1 per litre) is cheaper than Australia.
The Australian dollar was introduced in 1966 at a rate of 1 dollar for 10 shillings, or alternatively 2 dollars equalling one Australian pound.
http://en.wikipedia.org/wiki/Australian_dollar

Economics 101 should tell you that the monetary value of each currency is meaningless in assessing its current strength. Is the Japanese yen a weak currency?
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Old Jan 2nd 2008, 2:28 am
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Default Re: Conversion Rates?

Originally Posted by Dorothy View Post
No it's not. The EU is a union of countries. The US is one country with 50 states. Just like Canada is one country with 10 provinces and 3 territories. Or Australia is one country with 6 states and 1 territory.

I'm wondering when the US got another 8 states?
No it's not, Australia is one country with 6 states and TWO territories. tsk tsk, I hope you don't have to take the citizenship test any time soon...
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Old Jan 2nd 2008, 2:38 am
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Default Re: Conversion Rates?

Originally Posted by Big Galah View Post
No it's not, Australia is one country with 6 states and TWO territories. tsk tsk, I hope you don't have to take the citizenship test any time soon...
There are in fact 10 territories of Australia, 3 on the mainland (don't forget the Jervis Bay Territory which split from the ACT in 1989) and 7 external territories (eg Norfolk Island).

http://en.wikipedia.org/wiki/States_...s_of_Australia
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Old Jan 2nd 2008, 6:54 am
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Default Re: Conversion Rates?

Originally Posted by Big Galah View Post
No it's not, Australia is one country with 6 states and TWO territories. tsk tsk, I hope you don't have to take the citizenship test any time soon...
I always forget about ACT.
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