AU dollar overtakes US dollar

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

Oct 16, 2010
  1. Schizoanalysis
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    Member Schizoanalysis From somewhere inside the rabbit hole...

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    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

    Member Gariscus Former Team Cyclops Mod

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    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

    Member nutella Low Glycemic Index

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    Hellz yeah, I'm going over in like 3 weeks.
     
  4. kevan

    Member kevan Imagination rules the world

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    Hellz Yeah!!!
     
  5. Schizoanalysis
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    Member Schizoanalysis From somewhere inside the rabbit hole...

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    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

    Member Mantis41 GBAtemp Advanced Maniac

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    Warranty claims could be tricky on an imported model.



    High Aussie dollar not all good news.
    Warning: Spoilers inside!
     
  7. Schizoanalysis
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    Member Schizoanalysis From somewhere inside the rabbit hole...

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    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

    Member Frog GBAtemp Fan

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    /buys as much American stuff as possible.
     
  9. Snorlax

    Member Snorlax POSTMODERNISM

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    Heck yes, *jumps on Steam*
     
  10. trumpet-205

    Member trumpet-205 Embrace the darkness within

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    This only means one thing, US dollars are weakening as we speak.

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

    Member Jamstruth Secondary Feline Anthropomorph

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    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

    Banned Pliskron Banned

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    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

    Member Jamstruth Secondary Feline Anthropomorph

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    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

    Member trumpet-205 Embrace the darkness within

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    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

    Banned Pliskron Banned

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    good idea lets blame them too.
     
  16. murkurie

    Member murkurie GBAtemp Fan

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    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

    Banned Pliskron Banned

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    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

    Member Trulen GBAtemp Fan

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    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

    Banned Pliskron Banned

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    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

    Member Arm73 GBAtemp Addict

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    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.
     

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