In Reply to: kazza007k posted by dccc on Monday, 3. January 2011 at 17:43 Bali Time:
try and explain.
At the moment we are enjoying a record exchange rate against the US Dollar, something that has not happened before in 48 years and thus the high ozzie rate of IDR in Bali right now.
I remember a time in Bali when for 1 A$ you got approx 6,000 rup.
At exactly the same time for 1 USD you got approx 9,000.
Meaning the USD exchange rate was probably around .67.
I know which dollar I would prefer to be handing over to get my rups with.
Now if that happens again in the future, I will be getting approx a third more money for my buck.
Especially if I buy US Dollars NOW, or as soon as it hits parity with the USD or pray tell it goes over :)
There was also a time in the past when the US exchange rate was .51
(meaning for future travel, next year or the year after or the year after that I have in effect doubled the value of the exchange - YES I like this senario very much)
(call it an investment for the future if you like)
Also I remember a time when A$ would buy approx 2,800 rup.
(so YES anyone who is in Bali right now and plans to go again in the future, would be very wise to be buying as much rup as they can)PS - I didnt say that :(
Now if that isnt as clear as mud, I dont know what is. The whole point is for a "future financial benefit".
If you cant get your head around this, wait until the ozzy dollar drops, go to Bali, have a look at the list at the money changer, compare the rates for A$ and USD and see which dollar you would rather be handing over.
PS absolutely NO point in comparing rates right now.