Monday, October 13, 2008

Australian Dollar Suffers 30% fall

The Australian Dollar has fallen over 30% in value against other currencies last week. It had a big fall against the Singapore dollar.

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 - it'd cost you $30,000 Singapore dollars extra.

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.



 


1 comment:

Andrew Hall said...

Tell me about it. :( 1AUD=21.99NTD a few days back. It was 1AUD=30NTD last year at this time.