$A appears to be rising


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Posted by Transporrrrrt on Thursday, 17. September 2009 at 09:29 Bali Time:

In Reply to: Buying US$ now? posted by lebowski on Thursday, 17. September 2009 at 07:19 Bali Time:

At the moment, the $A continues to be rising, that meaning the US dollar is becoming weaker against other currencies. This is a similar situation to that in 2007 prior to the global financial crisis. Speculators are taking their money out of $US. Although rates are sometimes higher in rupiah against the $US and Euro, I would suggest waiting until at least late December to changeover, in your situation, or just take Aussie dollar travellers cheques.


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