AUD short term instability

Silverman99 said:
Was very expensive for us to have a holiday in Australia back then
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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.
 
Was a short dip.

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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
 
Australia is one of the few countries with a falling foreign exchange reserves. And of that it seems to be the one falling the fastest. Expect to be back at 60c soon?

Australia Foreign Exchange Reserves.png
 
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