Hi all,
Like many of you, i am too, perplexed at what's happened to the AUD
over the last couple of months. Now i'm not any kind of expert, but
i have read and listened to many articals and experts and htier views
on where the humble little Aussie bleeder is at! and the most striking
i heard was that the currency is/has been one of the worst performing
currencies of late, in fact it's even lost ground against the Icelandic Kroner and that countries banking system and quite possibly
the whole economy has collapsed, even currencies such as the Turkish Lira and Mexican Peso have faired a lot better and you cannot tell me
there economies are better/stronger than Australia's, surely!. The same artical said that "this just goes to prove, that in volitile times, such as these,ALL RATIONAL THINKING GOES OUT THE WINDOW"...and that,
once things settle down, some normality, should return and hopefully the investors out there will see the relative strength in our economy
and once again the $ might rise.
PS. Since the currency was floated, back in 1983, it's long term average has been around the .75USD mark.
Like many of you, i have booked(for next July, after going last July),
and my costs for flights/accom are about the same, but this is only
due to the HUGE savings i made with my airfares which i paid for with
Jetstar as soon as they were released (plus i got one of the 4 tickets using FreqFlyers). My hotel prices have risen around $40-$50
per night.
S