One hundred and seven pennies for your thoughts?

I’m no expert on foreign currency exchange, but when it’s important to me I track it like a hawk: Especially now that we’re overseas earning US dollars and wanting to send some of those earnings back to Australia.

With the Australian Dollar reaching record highs against the US Dollar (1 AUD = 1.07+ USD), my hard-earned greenbacks are looking a little pale when they land in our accounts back home. It’s the worst time since the Australian Dollar was floated in 1983 to be earning US Dollars and sending them home. It is a great time to be a tourist here.

On the flip side, this is indicative of our experience with foreign exchange. In 2001, when the Australian Dollar was buying you around 48 US Cents (the lowest it’s ever been – the best time to be earning US Dollars and sending them to Australia), we came to the US as tourists. It was easy though: I just had to double the price of everything in my head and sigh. It was the reason why we didn’t visit Disneyland in 2001, and Sharon hasn’t let me forget that!

I think I just need to resign myself to foreign exchange rates being a cost and reality of the overseas adventure, and roll with it.

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One Response to One hundred and seven pennies for your thoughts?

  1. Em says:

    I feel your pain. We’ve lost thousands upon thousands in bad timing with exchange rates. You have to just stop converting!

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