For me it means reduced income, and for some of my friends who are business owners there are simply less tourists which is less money in the bank. Although, traveling to some countries is cheaper so I guess it levels out. What about YOU?
As an Australian, a strong AUD means less pay for me if I charge USD for my clients Currently at $0.88AUD for $1USD - I'm hoping it drops to $0.80
It was only 72 cents not that long ago if I remember.. ah the good old days.. I'm sure it's been even lower..
Yeah, it was once 50 cents, and Aussies got so excited when it was pass the 50 cent mark... Guess that isn't going to happen anymore Do you live in Australia?
I live in a tent and eat canned food. - On a more serious note, I wonder what would happen to the economy if the dollar just got instantly weak overnight - to around 70 cents.
That would never happen, well, maybe with the new government If it did drop, I'm sure it would pick it self up again, as it depends on global economies to pin our dollar.