Posted June 13, 2020 10:53:15In recent years, the cost of living has increased significantly in Australia, with the price of a loaf of bread reaching $US10.30 in some cities.
But it seems that Australian consumers have been able to save more than expected by holding onto their foreign exchange reserves.
On Friday, a spokesman for the Australian Commodity Futures Trading Commission said the exchange rate today was about $US9 and the exchange rates of the previous day and overnight were $US12 and $US15 respectively.
The exchange rate was in effect today and overnight rates are subject to change, the spokesman said.
However, the exchange of the foreign exchange rate to Australian dollars has remained relatively unchanged over the past year.
At the end of June, the Australian dollar was worth about $2.15 dollars.