Money - AUD


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Posted by balirepeater on Tuesday, 16. February 2010 at 08:38 Bali Time:

In Reply to: hotel cost in US $ posted by diseal on Tuesday, 16. February 2010 at 06:37 Bali Time:


Given that your own central bank interest rates have recently escalated thereby supporting your own currency [capital inflows are attracted by that fact]against a weakening USD and unlikely prospect of their interest rates going up soon {US rate are kept at virtually zero] inorder to support a still fragile economy and in my opion they could not politically reverse that until much later. You appear safe in affecting payment in USD when August rolls around. Good Luck.


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