Sunday, June 3, 2012

Exchange Rate Change

I checked the exchange rate this morning and it seems to have changed.  $1 USD is now equivalent to $0.93 AUD. That may be good for us as we transfer some cash over, but it's starting to swing in a way as to make it less desireable to transfer money back.  I hope that it could stabilize closer to 1:1.  I hope the AUD doesn't fall much farther.

It is important to note that this information does not indicate any strengthening of the United States economy.  It is more than likely a result of the financial instability of the Euro.

No comments:

Post a Comment