AUD is going down. It’s time for shopping in Australia!

VND to AUD exchange rate history

Australian Dollar (AUD) has lost its value dramatically over the last 3 months. As a result, this is the first time I’ve ever seen goods in Australia cheaper than in the US. It’s a good time to go shopping here.

Just a thought: Exchange rates DO affect the profitability of businesses.

For example, Apple Australia is selling an iPod touch 2nd generation 8GB for 329 AUD, or 208 USD at current exchange rate, which is much lower than the retail price in US: 229 USD.

Better watch out for exchange rate when your business goes global!

USD to AUD exchange rate

(All diagram in this post are from http://www.exchange-rates.org )