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Aud/usd

Discussion in 'General Investing Discussion' started by Tropo, 21st May, 2008.

  1. Tropo

    Tropo Well-Known Member

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    It's time to seriously consider OS holiday :)
     

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  2. Billv

    Billv Getting there

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    I guess you meant to say a holiday in the US because the Euro is more expensive.
    I wonder how the AUD is doing compared to currencies in Asia, Africa and South America
     
  3. Simon Hampel

    Simon Hampel Co-founder Staff Member

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    Up against the Argentinean Peso, but a bit volatile against the Chilean Peso, has been higher than it is now - dropped quite a bit earlier this year, now recovering strongly though.
     
  4. Tropo

    Tropo Well-Known Member

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    Yep....holiday in US may be a cheaper option.
    Europe always was and still is relatively expensive but is still affordable IMHO.

    I would not pay attention how the AUD is doing compare to currencies in Asia, Africa and/or S.America.
    There is more than 160 currencies in use around the world.
    Three ‘classes’ of currencies exist such as: majors, crosses and thirds (‘exotic’ one) such as: South Korean won (KRW), Philippine peso (PHP) ect.
    In Europe the Hungarian forint (HUF) or Estonian kroon (EEK) may be regarded as thirds also Colombian peso (COP) or Brazilian real (BRL) join the same category.
    Liquidity is the most important factor if dealing with currencies and the most liquid pairs are:
    EUR/USD, USD/JPY, GBP/USD, USD/CHF, AUD/USD, NZD/USD, EUR/JPY, GBP/JPY.
    :cool: