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

deepak.c SG

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 SG

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 SG

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.