Interesting quote from Wikipedia... shows how much currency has devalued in my lifetime...
Australian dollar - Wikipedia, the free encyclopedia: "Value of the Australian dollar
The highest value of the Australian dollar since it was floated was 96.68 U.S. cents on March 14, 1984.[3] In 2001, the value of one Australian dollar went below 50 U.S. cents for the first time, touching 47.75 U.S. cents in April 2001[4]. On 1 November 2007, the Australian dollar reached a 23-year high against the U.S. dollar, peaking at 93.43 U.S. cents.[5]
In 1966, when the Australian dollar was introduced, the International gold standard still operated. The dollar was at that time worth 980 milligrams of gold. As of December 2006 the dollar was worth 38 milligrams of gold.[1]"
Australian dollar - Wikipedia, the free encyclopedia: "Value of the Australian dollar
The highest value of the Australian dollar since it was floated was 96.68 U.S. cents on March 14, 1984.[3] In 2001, the value of one Australian dollar went below 50 U.S. cents for the first time, touching 47.75 U.S. cents in April 2001[4]. On 1 November 2007, the Australian dollar reached a 23-year high against the U.S. dollar, peaking at 93.43 U.S. cents.[5]
In 1966, when the Australian dollar was introduced, the International gold standard still operated. The dollar was at that time worth 980 milligrams of gold. As of December 2006 the dollar was worth 38 milligrams of gold.[1]"
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