Currency Conversion - AUD
 

Hi All,

Although AUD$ is struggling very hard to come near USD$ or CAD$. Australian economy and currency is struggling very hard.Even 1cents create a big difference is currencies conversion when talking in figures 10,000 or 100000 or more. But why does 1 AUD$ always fails to cross 1USD$ or 1CAD$ (just curious)?



Thanks,

Re: Currency Conversion - AUD
 

Huh??? How can you say that?? :confused: :confused:

Re: Currency Conversion - AUD
 

The Australian economy has fared better than the US, one particular example of that is not actually having entered a recession. However, the $1US to $1AUD parity situation is very very tough as its seen as the biggest milestone between those currencies. The $AU is not a particularly hard currency. The $US is.

Re: Currency Conversion - AUD
 

A few years ago A$ would buy you US$0.48.

A better long term average is probably close to US$0.65 - 0.70.

Today it's US$0.90.

There is no reason why it should cross US$1.00, but just because it hasn't happened it doesn't indicate weakness.

Re: Currency Conversion - AUD
 

I think some people get confused by countries using the word 'dollar' for their currency and believe that they should all be worth the same amount.

Re: Currency Conversion - AUD
 

Australia is of same land mass when compared to US not including Alaska and Hawaeii. The population of US is far more than Australia. The economy depends upon population too.Australia may have been into recession if the population of US and Australia have been same (a thought).

Re: Currency Conversion - AUD
 

Thread closed owing to the OP being a well-known pain in the proverbial.