Wednesday, November 18, 2015
Expat Observations: Currency
The value of the Australian dollar relative to the US dollar has fluctuated since the currency was first floated in 1983. The lowest value was 47.75 US cents in 2001, and the highest was $1.108 US dollars in 2011. It was a fantastic time when we were above parity in that 2010-2011 period. I think Australians truly discovered international online shopping then. Unfortunately, we are now back in the doldrums with the current exchange rate at 71 US cents. This means things are not in my favor when I travel home for a visit.