Thursday, November 01, 2007

More buying power or less, depending on who you are!

Otherwise reported as "Aussie dollar hits 23-year high"

While this means that any Australian, under 23 years of age AND going overseas AND buying their currency today, is likely to be told "You never had it so good," it is a different story for some people who are going to be tourists here in Australia.

Tourists already in Australia are likely to be having a harder time than usual IF they did not purchase Aussie dollars when it was low and have been using ATMs to withdraw money from their accounts at home. The decrease of the purchasing power of their home currency is likely to either cause some comments about "how expensive" Australia is.

What of course THEY do not consider is that WE have had to pay heavy expenses in their countries when their currency was more valuable. I reckon turn around is fair play - let the US and UK visitors finally see what it has been like for us when we were over there.

Meanwhile for those purchasing O/S currencies now for use in their travels in the future think in French and silently say to yourselves "Vive la difference"

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