^^^ Nope, the other way round champ - in 2006 it was $0.74AUD to US$1 (I would know - I holidayed in the USA for a month in 2006 and spent A$30,000 on the trip!). But yes, you are correct - the dollar is currently still quite strong. At Uni (College) here in Adelaide we were taught that the fundamental basis of the A$ (which was only floated in the 1990's), is around US75c - that is the sweet spot for out imports/exports. I also remember when the A$ completely crashed and only bought about US55c!!