I want to invest my 500 AUD

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Samouth
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I want to invest my 500 AUD

Post by Samouth » Tue Mar 22, 2016 6:21 pm

I have got 500 AUD and i am thinking to keep them and get them changed when its value rises up a little bit. I might be wrong but i recalled there was time when 1 AUD equals 0.9 USD. Do you think how long will it take for Australian money to goes up thinking of current economic?
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SinnSisamouth
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Re: I want to invest my 500 AUD

Post by SinnSisamouth » Tue Mar 22, 2016 6:32 pm

sept 2014 it was .9 but that was the spot price.currency price will have been around .85

so if you wait six months (or six years) you will make about $20 aud extra less any fees

put $500 in amk bank and earn $25 less tax
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TheGrinchSR
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Re: I want to invest my 500 AUD

Post by TheGrinchSR » Tue Mar 22, 2016 6:34 pm

Samouth wrote:I have got 500 AUD and i am thinking to keep them and get them changed when its value rises up a little bit. I might be wrong but i recalled there was time when 1 AUD equals 0.9 USD. Do you think how long will it take for Australian money to goes up thinking of current economic?
A long, long time - fantasies of uranium sales making Australia rich aside... you'd be better off changing it now and sticking it in the bank and earning interest on it.
"If you want a vision of the future, imagine a boot stamping on a human face - forever." - George Orwell
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SinnSisamouth
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Re: I want to invest my 500 AUD

Post by SinnSisamouth » Tue Mar 22, 2016 6:37 pm

oh shit I thought that was 500 usd!

he has been listening to bktrapper
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Re: I want to invest my 500 AUD

Post by bkktrapper » Tue Mar 22, 2016 7:20 pm

Samouth wrote:I have got 500 AUD and i am thinking to keep them and get them changed when its value rises up a little bit. I might be wrong but i recalled there was time when 1 AUD equals 0.9 USD. Do you think how long will it take for Australian money to goes up thinking of current economic?
Do what 99 percent if khmers in shitsvilles do and put it on rigged Baccarat .
ceiling cat is watching you masterbate
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SinnSisamouth
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Re: I want to invest my 500 AUD

Post by SinnSisamouth » Tue Mar 22, 2016 7:30 pm

bkktrapper wrote: Do what 99 percent if khmers in shitsvilles do and put it on rigged Baccarat .
i liked his hits with the carpenters and dione warwick
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Duncan
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Re: I want to invest my 500 AUD

Post by Duncan » Tue Mar 22, 2016 7:34 pm

Samouth wrote:I have got 500 AUD and i am thinking to keep them and get them changed when its value rises up a little bit. I might be wrong but i recalled there was time when 1 AUD equals 0.9 USD. Do you think how long will it take for Australian money to goes up thinking of current economic?

The latest exchange rate is .76 c $,,, Money exchanges will give you aprox .75 c,, which means you have USA $ 375.
Should you wait say , one year for the rate to go up to .90 , then you will have USA $ 450,,,, an increase of USA $75.

Are you a gambler ? cause the Australian government wants the dollar to go down, but it is doing the opposite.

The best advice I could give would be to change your A$500 when you are happy to do so.




And invest it in a bar.
Cambodia,,,, Don't fall in love with her.
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frank lee bent
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Re: I want to invest my 500 AUD

Post by frank lee bent » Tue Mar 22, 2016 7:40 pm

bad investment.
i can't advise on what a good one would be.
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Re: I want to invest my 500 AUD

Post by Parker » Tue Mar 22, 2016 7:47 pm

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Hotdigr
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Re: I want to invest my 500 AUD

Post by Hotdigr » Tue Mar 22, 2016 8:57 pm

SinnSisamouth wrote:sept 2014 it was .9 but that was the spot price.currency price will have been around .85

so if you wait six months (or six years) you will make about $20 aud extra less any fees

put $500 in amk bank and earn $25 less tax
In 2012/2013 it got up as high as 1.08.
Still, I definitely wouldn't be holding my breath 'til it gets that high, or anywhere near it again.
Much better things you could invest in then the Ozzie $, Samouth.
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