Monday, October 13, 2008

Australian Dollar Suffers 30% fall

The Australian Dollar has fallen over 30% in value against other currencies last week.

That's a big OmG!!!! When i came over in June - it took over $13,000 Singapore dollars to buy $10,000 Australian dollars. That's $3000 extra. Or if you exchange 100 grand - that's $30,000 saving there!

Now it will take just $10,000 Singapore dollars to purchase $10,000 Aussie. On Friday, it was worse. The exchange rate was S$1 for AUD0.96cents.






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