you will when the US$/AUD$ drops


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Posted by LynneeD on Friday, 15. August 2008 at 14:00 Bali Time:

In Reply to: Only change posted by Alanna on Friday, 15. August 2008 at 10:29 Bali Time:

Indonesian rupiah is based on US$ rate. So if the AUD rate is a lot lower than the US$ rate is now you will benefit by changing to US$ now.

If you change your money to US$ and the AUD=US remains the same you have made no difference.

If the AUD goes down between buying US$ and changing to rupiah you make a profit.
Therefore if you think the AUD$ will drop compared to the US$ then buy now.

I believe it will drop but that's only my opinion (and some other financial people).


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