AUD short term instability

Discussion in 'Currencies' started by Topherclaus, Jul 2, 2016.

  1. alor

    alor Well-Known Member Silver Stacker

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    ^ yes it was
    when came the 80's the currency depreciated with 25% discount, many OZ traveling overseas got hit
    and the Japanese who put their money in OZ banks, also had it

    from 1.50 to 50 cents that was wild
     
  2. JulieW

    JulieW Well-Known Member Silver Stacker

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    Yes but Asia was the best bargain ever. eg. Laos: Bottle of ice cold Coke 6 cents. Bottle of ice cold Beer 40c. Three course French meal (restaurant still there) $2.40. Ounce of legal marijuana 50c.

    btw
    I overstated my visa and my welcome as I watched the country fall into collapse - official bank rate 650 kip to a dollar. Black market rate 9000 kip to a dollar. Gold shops had screaming, shouting crowds 5 deep buying anything available for the flight. Border checkpoints jam packed with the departing wealthy with gold bangles and chains at the ready for bribes. Front seats at the revolution. The most exciting time of my life in retrospect. I went back last year. Just a pale memory survives.
     
    Peter, samoth25 and ozcopper like this.
  3. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    Holy snappin’ duck shit Batman!
     
  4. Grizzly

    Grizzly Member

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    Was a short dip.

    [​IMG]
     
  5. leo25

    leo25 Well-Known Member Silver Stacker

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    Looks like Australia's foreign reserves is about to dump. Seems like the AUD really wants to be under 70c, but the RBA is trying to keep it stable.

    Australia Foreign Exchange Reserves
    Australia Foreign Exchange Reserves.png
     
  6. Oddjob

    Oddjob Well-Known Member Silver Stacker

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