It supposed to be worth more, to whom, well that's another matter. I haven't got parity through the auto tellers since it was 1.08. I'll withdraw $1500 tomorrow and will be happy if I get around 98 cents US.
P.S. Last time I bought a Jetstar ticket, Vietnam to Australia, they ripped me off more than 10% on the Australian dollar. When you start dealing with the Australian currency and Australian banks it won't take you long to work out why they (banks) can post billion dollar quarterly profits!
PS. Well whoever the smartarse was that TDed me, put up or shut up. I've been drawing on my Australian accounts OS every week for the last 11 years, I don't claim to know a lot but I do know a little about the US/Aussie dollar exchange rate! C'mon, tell me where YOU can get $1.04US for the Australian dollar!
What they advertise and what they give you is two very different things!