Aussie dollar--jumping kangaroo or paper kangaroo? Part Deux

• deepak.c

  5 Jun 09, 14:35

   

  I wonder how many made investment gains of 16% by investing in the Australian dollar?

   

  The kangaroo hopped over the merlion and is now trading at AUD 1 = SGD 1.16.

   

  Does lionnoisy have anything to comment?

   

  Does this imply that the Australian economy is in a much better shape than Singapore?

   

  

• ditzy

  5 Jun 09, 14:44

  I was surprised by the bounce! Crap, now its the same as it was 3 years back SGD$1 = AUD$0.85. I remembered late last year it was 1 to 1. My planned holiday is going to cost more.

• deepak.c

  5 Jun 09, 14:47

   

  You should have converted the required amount when it was below SGD 1.

   

  Maybe if lionnoisy bad mouths them more, their exchange rate will come down again.