Just reading up the wikipedia detail on the history of our dollar and all the shenanigans that went on during the middle of last century when the UK pound was devalued from US $4.03-US$2.80 and our Australian pound followed to a degree. What happened at that time that this had to happen? History of Australian currency - Wikipedia Lots of good info here but it would be good to understand better.
Gold standard and fixed (government mandated) exchange rates make it a very different world back then.
Read up on the Cantillion effect Also have a look at Princes of the Yen a book now with a video on YouTube That will help you to understand what is going on
Yes, but see it is a money-printing competition right now, all over the world. Central banks around the globe are deploying various tactics that may have different names, but all end up having the same effect: being, effectively having more currency in their system (I.e. money printing). For Aus it's interesting to see how stubbornly high value the AUD remains to be, at present (0.74). I know RBA and Gov would love to see this come down to the low 60s. Not sure that'll actually happen any time soon, though.
60c for the Australian dollar is low it will have impact as the prices for goods start to rise and will bite the most struggling as prices on goods gores up. With the current deficit in stock av and rising import prices this would not be as good for the economy as one may think.
Even if it's tax-assessable; you still make more net-income after tax, anyway. I brought a bunch back when it hit about 0.60 during the lull earlier in covid.
Good buy we are buying containers today at 74.3cents which is the best i have seen in recent year. The issue we are having the Chinese Yuan has appreciated against USD so the prices for good in China in USD is getting higher offsetting some of the gains in the AUD/USD pair.
Will be interesting to see how the covid winter the USA faces, will impact their economy and consumption patterns over the next two quarters' data ahead.
If you’ve bought actual containers you’ve done very well. Worldwide container shortage and freight capacity limitations (part due to lack of flights) are sending international freight costs through the roof.
Correct We have stock in China atm and are being Quoted $8000 USD to Sydney. This is up from $1500 USD for a 40Hq say Janaury. Freight costs are through the roof Im bein told USA is a $10,000USD a container atm. Port Botany DP world and Patrick are awful and we are being charged $980 per container on top as a feee because of the congestion they created by striking non stop through the year.
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