Hi Mark -
You are correct... sort of. The exchange rate you are
looking at is inverted.
If the previous exchange rate you were looking at was
50 US cents to the Aussie Dollar, then the current
exchange rate will be 76 US cents.
At 76 cents prices for any australian made or
refurbished parts should still be significantly
cheaper there than here.... albeit a little mor
expensive.
In my opinion at 76 cents... the Aussie Dollar is
pretty close to it fair value... which I figure at
around 69 cents. At 50 cents it was rather silly how
undervalued it was.
Regards,
Alan
'53 BN1 '64 BJ8
--- Mark and Kathy <mgtrcars@galaxyinternet.net>
wrote:
> I haven't done any out of states parts buying for 3
> years and just tuned into
> the currency exchange charts and about fell off my
> chair.
>
> We were able to buy Ausie. parts for .50 on the US
> dollar 3 years. Now it
> looks as though it has gone the other way and
> worse, 1.32 on the US dollar.
> Meaning less parts for the same dollar. Am I
> reading this chart right?
>
> Seems like a much better deal now to just buy in the
> states.
>
> Please correct me if I'm wrong, not really a
> financial guy.
>
> Thanks, Mark
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