Leaving next week and wondering if its worth buying USD now in light of the poor old Aussie's fall from grace and continuing demise!?
Forecasts seem to say that the Aussie will continue to fall to all-time lows. No-one seems to be saying that it will halt its descent and plateau let alone gain.
But I'm(so!) not clear on how all this works. Would buying USD or even Rupiah in Oz now be likely to save me anything given the dollar continues to fall? Or would bank charges/bad exchange rates take care of any gains?
(Family hols now costing 20% more than when we booked -Iknow,bad luck)