Exchange Rate and Silver Price

Discussion in 'Silver' started by meowgly, Jan 3, 2012.

  1. meowgly

    meowgly New Member

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    Hi, Ya'all.....
    I still don't understand this exchange rate stuff.....

    Currently the AUD is 96.5 cents against the USD.

    So if the price of silver stays the same how does exchange rate fluctuation affect the price we can get for our stack?

    Be gentle - I failed maths.
     
    meowgly, Jan 3, 2012
    #1
  2. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    I failed maths awell ,I can't count past 2 :p
    BUT
    Basically if the price of silver stays flat & the AU$ goes up against the US$ toilet paper
    The price we pay for silver goes down
    US$ goes up against the AU$ ,we pay more :)
     
    spannermonkey, Jan 3, 2012
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  3. SilverNash

    SilverNash New Member

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    I no longer have to hide my shame of failing maths too.
    But thats cool to know just replace AUD for GBP i assume for me
     
    SilverNash, Jan 3, 2012
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