AU dollar overtakes US dollar

Discussion in 'General Off-Topic Chat' started by Schizoanalysis, Oct 16, 2010.

  1. Schizoanalysis
    OP

    Schizoanalysis From somewhere inside the rabbit hole...

    Member
    2,785
    368
    Jun 23, 2009
    ...
    Great news for Australian importers...

    At midnight, the Australian dollar overtook the US dollar: AU$1 = US$0.99996

    I remember the days one US dollar would buy you AU$2, but now they have reached parity.


    So, Australians, if you need to import anything, now seems like the time to do it.
     


  2. Gariscus

    Gariscus Former Team Cyclops Mod

    Member
    646
    1
    Jun 5, 2009
    Ha, I've been importing like crazy for the last few weeks. [​IMG]

    It's great that the Aussie dollar is so strong.
     
  3. nutella

    nutella Low Glycemic Index

    Member
    1,097
    3
    Sep 4, 2008
    Your nearest supermarket
    Hellz yeah, I'm going over in like 3 weeks.
     
  4. kevan

    kevan Imagination rules the world

    Member
    1,378
    67
    Dec 4, 2009
    Place
    Hellz Yeah!!!
     
  5. Schizoanalysis
    OP

    Schizoanalysis From somewhere inside the rabbit hole...

    Member
    2,785
    368
    Jun 23, 2009
    ...
    I imagine it will be cheaper to import the 3DS, rather then buying it here, as the Australian version tends to be overpriced anyway.


    I imported my DSi XL, as it was cheaper than buying it here. Oddly enough.
     
  6. Mantis41

    Mantis41 GBAtemp Advanced Maniac

    Member
    1,853
    150
    Jun 3, 2009
    United States
    earth
    Warranty claims could be tricky on an imported model.



    High Aussie dollar not all good news.
    Warning: Spoilers inside!
     
  7. Schizoanalysis
    OP

    Schizoanalysis From somewhere inside the rabbit hole...

    Member
    2,785
    368
    Jun 23, 2009
    ...
    I've owned over 10 consoles, none of which have broken (I take meticulous care of them). Warranty doesn't bother me, as I have never actually needed it.
    I usually prefer Japanese releases anyway (special colors/limited editions).
     
  8. Frog

    Frog GBAtemp Fan

    Member
    307
    2
    Aug 1, 2008
    Nuclear pony swamp
    /buys as much American stuff as possible.
     
  9. Snorlax

    Snorlax POSTMODERNISM

    Member
    588
    2
    Apr 26, 2008
    Australia
    Heck yes, *jumps on Steam*
     
  10. trumpet-205

    trumpet-205 Embrace the darkness within

    Member
    4,363
    542
    Jan 14, 2009
    United States
    This only means one thing, US dollars are weakening as we speak.

    Guess it is time to exchange some currency.
     
  11. Jamstruth

    Jamstruth Secondary Feline Anthropomorph

    Member
    3,456
    183
    Apr 23, 2009
    North East Scotland
    2 words about importing 3DS: Region Lock.

    The DSi had it so the 3DS is almost certainly going to have it (though it makes no sense to have it and sucks major balls that it does. Its not an anti-piracy measure, its a nuisance)
     
  12. Pliskron

    Pliskron Banned

    Banned
    1,276
    0
    Jul 22, 2009
    United States
    I used to order stuff from Australia. Looks like our 13.5 trillion dollar debt is coming home to roost. I can't wait until I'm paying $6 a gallon for gas. Thanks Obama!
     
  13. Jamstruth

    Jamstruth Secondary Feline Anthropomorph

    Member
    3,456
    183
    Apr 23, 2009
    North East Scotland
    Americans are very quick to blame Obama. Personally I don't think having a Republican in office would've made a lot of difference. You'd still have had to bail out the banks. You'd still have a huge debt. etc. etc.

    Then again, what do I know? I'm a 17 year old Brit
     
  14. trumpet-205

    trumpet-205 Embrace the darkness within

    Member
    4,363
    542
    Jan 14, 2009
    United States
    If you want to blame someone for economy blame the entire legislature.

    To get economy moving again, you need to give more purchasing power to consumer. But no, legislature focus on big corporation instead. More purchasing power = more spending. More spending = more earning for corporation. Once corporation earns more money they will invest it for future earning.
     
  15. Pliskron

    Pliskron Banned

    Banned
    1,276
    0
    Jul 22, 2009
    United States
    good idea lets blame them too.
     
  16. murkurie

    murkurie GBAtemp Fan

    Member
    316
    1
    Feb 16, 2010
    United States
    California, Redlands
    I don't like obama either, but gas won't go to $6, it would take something dramatic, like the gov rising gasoline tax by $4 that would, right now a gallon of untax Premium gas is about $2.48 (3.08 at pump - 60 cents California gas tax), though they sell gas thats already cost more then $6 a station near me sells 100 octane racing gas.
     
  17. Pliskron

    Pliskron Banned

    Banned
    1,276
    0
    Jul 22, 2009
    United States
    good observation. Indeed this problem didn't start overnight. It started with Bush but Obama and and the current congress has made it ten times worse. We need leaders who have the balls to turn things around before it's too late.
     
  18. Trulen

    Trulen GBAtemp Fan

    Member
    445
    2
    Jun 27, 2007
    United States
    I may be a bit dense, but... It's a .0004 dollar difference.

    A US item at $20 may only cost.... $19.99 AU? If the rounding plays nice.
     
  19. Pliskron

    Pliskron Banned

    Banned
    1,276
    0
    Jul 22, 2009
    United States
    I'm not that worried about most purchases because many countries will devalue their currency in response to the slipping dollar. The 3ds isn't going to go up in price but staples like food and gas are likely to meaning I still may not be able to afford the 3ds.
     
  20. Arm73

    Arm73 GBAtemp Addict

    Member
    2,042
    224
    Mar 4, 2006
    Italy
    Switzerland
    I spent 3 wonderful months in Australia in 2003 and I had the time of my life.
    Beautiful country, I loved the nature, the sea and forest in the north and.....................how cheap it was for me to live there for 3 months with my USD Dollars savings..............at the time the change was 1.6 or something, I remember taking $500AU from the ATMs and getting charged around $300USD here.....he he he...[​IMG]
    Needless to say, this all affair about the wickening of the USD makes me think twice today about returning to Australia....
    You win if you import something, but even though I'm not an economical expert, I can see that since the AUD is getting stronger , the tourism industry may suffer quite a bit, and also if you guys produce anything over there worth exporting ( like wine, wood or whatever ) it's going to be tougher to export and sell overseas.
    Does a weak currency really hurt the national economy, or does it help it ?
    It depends I guess on what drives your national economy.