I'm not surprised. I took advantage of the exchange rate to move a bunch of my Australian dollars across to US dollars last week. But I was earning about 6% on

I'm not surprised. I took advantage of the exchange rate to move a bunch of my Australian dollars across to US dollars last week. But I was earning about 6% on my savings account in Australia, and I'm only earning 0.1% in my savings account in the US. Obviously there's a huge element of pricing the interest rate discrepancy into the exchange rate, so one should expect the exchange rate to return to something more normal once the US economy starts growing again and interest rates become more reasonable. (Actually in related news, can anyone think of a good place to invest fifty thousand US dollars right now?)