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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?
Re: I want to invest my 500 AUD
Posted: Tue Mar 22, 2016 6:32 pm
by SinnSisamouth
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
Re: I want to invest my 500 AUD
Posted: Tue Mar 22, 2016 6:34 pm
by TheGrinchSR
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.
Re: I want to invest my 500 AUD
Posted: Tue Mar 22, 2016 6:37 pm
by SinnSisamouth
oh shit I thought that was 500 usd!
he has been listening to bktrapper
Re: I want to invest my 500 AUD
Posted: Tue Mar 22, 2016 7:20 pm
by bkktrapper
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 .
Re: I want to invest my 500 AUD
Posted: Tue Mar 22, 2016 7:30 pm
by SinnSisamouth
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
Re: I want to invest my 500 AUD
Posted: Tue Mar 22, 2016 7:34 pm
by Duncan
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.
Re: I want to invest my 500 AUD
Posted: Tue Mar 22, 2016 7:40 pm
by frank lee bent
bad investment.
i can't advise on what a good one would be.
Re: I want to invest my 500 AUD
Posted: Tue Mar 22, 2016 7:47 pm
by Parker
Re: I want to invest my 500 AUD
Posted: Tue Mar 22, 2016 8:57 pm
by Hotdigr
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.