FlyerTalk Forums - View Single Post - Do you think that it will take $2.00 US to buy a British pound?
Thread: Do you think that it will take $2.00 US to buy a British pound?
View Single Post
Old Feb 20, 2004 | 6:28 pm
  #39  
YVR Cockroach
FlyerTalk Evangelist
10 Countries Visited
20 Countries Visited
 
Join Date: Nov 1999
Programs: FB PLT again afater a decade as plebian
Posts: 22,928
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by ozstamps:
Since February 2002 the $A has appreciated some [b]50% against the $US.</font>
Not a little of that is due to very high Australian interest rates. The short term bank rate is something over 5% while it is 2% or less in the U.S. Canada is quite low but the Canadian federal government is still running fiscal budgetary surpluses (for now) unlike the other G-7 countries.
YVR Cockroach is offline  
Reply