Dollar
To some Australians the high dollar is cause for celebration.
A great way to pick up a bargain over the internet or a cheap holiday overseas. But for many, including 100 workers at Caterpillar in suburban Melbourne last week, it means watching your industry become less competitive and suddenly finding yourself out of a job.
The cause of the high dollar is Australia’s mining boom.
Continue reading "A high dollar carries an even higher price" »
If you looked at the value of the Aussie dollar as a sign of our economy strength, things have never been better: since the currency was floated in 1983, it’s never reached such a high value. Here we found ourselves 27 years later practically rolling in money, with a dollar nearing parity with a value in the high 90’s.
Let’s ignore the negative for a moment, shall we? The good side of the value in our dollar obviously lies in how much our prices are going to drop – at least, that’s the way it’s supposed to go if we believe what we’re told. Sadly it seems the opposite is mostly the case.
As luck would have it though, the modern age has found a way around that, as it’s now much cheaper and easier than ever for you to go on the internet and purchase anything you’d like at cheaper prices overseas, thereby bypassing the expensive Australian retailers.
Continue reading "Where to cash in on the strong Aussie dollar" »
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nate says:
While for some items that may be true, for most items, it’s false. All the stuff that I bought from overseas (Asia, US or UK) are at most 75% of the Oz price when shipping is included. Some are as low as 45% when shipping is included. And I’ve bought… Read more »
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Nate says:
I agree, some of the games I buy are only $29.99 USD in the US and $99.95 AUD here. And this even applies to the ones delivered digitally where they have absolutely no excuse for the increase in prices. I can understand a $29.99 USD game selling for say $39.99… Read more »
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