In an interview with The Australian, Australia’s largest bitcoin exchange, Folgory, confirmed the price increase.
The exchange rate was recently set at $US50, according to The Wall Street Journal.
The value of the Australian dollar has been on a downward trend since December, according, according To The Wall St Journal.
Folgories valuation will likely rise as more investors see the value of bitcoin as a safer alternative.
If you are a foreign student, you might be surprised to find that the exchange rate for gift cards is significantly different from the rates available on your local currency exchange.
For example, a gift certificate exchange rate on the U.S. Dollar Exchange is $1.45, compared to the exchange rates for Japanese yen and U.K. sterling.
Gift card exchanges are often priced at less than 1 percent of the exchange price.
If you need to get money out of a foreign country, you may need to use an international bank transfer.
You can find more details on the international exchange rates from the U