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Uptime verified by Wormly.com

2 June 2010

Exchange Risk

I've just had my first real experience of foreign exchange risk. I bought a bike from the UK about three weeks ago. It was worth a bit over £2000. I paid a deposit when the exchange rate was AUD 1.65 = GBP 1. Now it's 1.75 dollars to the pound, which adds an extra $300 to the cost of the dear bike. Gosh and gosh.

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