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Historically the Oz dollar has floated around the 60 cent US mark - it is only in recent times when the US economy was so buoyant that it rose against the Oz

Hi Harmy
I remember going to the US and changing some money in 1983. 1AUD = 1.05USD if I remember rightly at that time. The Oz dollar has lost over half its value against the US buck in less than twenty years. Its been flopping around a bit during that time but the long term trend has been down,down down. Not to say it won't go up somewhat again but if you look at the graph you would maybe bet the other way.

Just my .02 worth (hope its not worth that someday!!!)

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