<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by terenz:
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. </font>
Correct. I had to smile when I typed this. (See last few pars) An American buying things here a few years back at the HIGH $A rate, and selling them now at the LOW rate and the item itself has gone up in value is $A about 5 times!
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