Australian dollar does not feel the intense situation over the Chinese economy, despite the old predictions. It is still rising and giving the hope to Australian travelers.
Two years ago Australian travelers did not feel any problems with an economy. They could afford any travel they dreamed about.
Australian currency, just two years ago was equal to the American dollar. Australians did not even have to calculate the difference, offering products from the USA.
This year began not so convenient to the locals, as far as their currency dropped below 69 cents. The same numbers existed only in 1980’s, the time when the money was nicknamed as “pacific peso”. It was a very uncomfortable situation for all travelers. And only wealthy people could afford to buy products on-line.
Now the dollar begins to rise to its American friend. It is 76.5 cents right now. This small difference in 10 cents is a giant step for the whole local economy. This difference makes them richer and they can begin to plan the new travel somewhere outside the Australia.
Commonwealth Bank and other experts predict that Australian dollar will cost 80 US cents this year. Australians can wait for this event, already booking the perfect places for vacation.
However, we want to worn you, that while the Australian dollars are jumping up and down investors are making huge money. They gather everything in their hands and are ready to sell travel tours for an unbelievable price.
The reality is, the bank still can not give you the whole 76,5 cents for the American dollar. You can receive 73,5 or 74 cents if you will be lucky enough. You can try to wait till the situation will be better.
If you want to be in charge of your own money, you will have to watch very carefully for the new changes of a dollar.