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Post by Denis-NFA on Apr 27, 2014 13:23:51 GMT 7
I have been pleased to see that with the drop in the US$-AUD$ exchange rate there has been a corresponding drop in the US$-Phpeso rate to the extent that in April I have received the best AU$-Phpeso exchange since arriving here in August last year.
Have members in other countries experienced any adverse effects?
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Post by macadamianut on Apr 27, 2014 14:34:39 GMT 7
The AUD might be 1:1 here, but it buys you bugger all  ? |
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Post by Banjo on Apr 27, 2014 14:36:41 GMT 7
The baht strengthened about 3% here of the last couple of weeks. Can't work it out, the countries reputedly on the verge of civil war and Australia is once again "open for business" and I have less money.  |
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Post by Denis-NFA on Apr 27, 2014 15:36:52 GMT 7
The baht strengthened about 3% here of the last couple of weeks. Can't work it out, the countries reputedly on the verge of civil war and Australia is once again "open for business" and I have less money. I looked at the chart for Thai Baht verses US$ and I think there is something strange going on. Maybe again. Apparently the Thai rice price fixing scheme has blown up in their face and the country owes US$13.5 billion (?) to Thai rice growers and cannot pay it. I might suggest you guys mind how your local neighborhood is and perhaps take a 'holiday' in another country for a while! That's all. Thanks Banjo. |
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Post by Banjo on Apr 27, 2014 15:57:33 GMT 7
Heavily exaggerated problem I think, Thailand has no national deficit, they import very little and are in the top ten exporting countries for things like cars, computer components and seafood.
The non payment to the rice farmers is more to do with politics than not having the money.
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Post by anotherdsp on Apr 28, 2014 19:52:12 GMT 7
to nfa,last week the aud in bali was 10,800 today about 10,650 so a slight drop ,last week the aud was the best for a while now.prob by mid week say thursday it could be back up again,mondays are usually a bit lower?
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