Sunday, January 18, 2009

Oliver says it could even fall to below 60 US cents early next year.

Stay cool as dollar drops

So where are the cheaper destinations? Our dollar has dropped against all the major currencies, but Iceland's is one against which it has appreciated. The krona has fallen against all currencies over the past year. Iceland's three main private sector banks are in receivership, its stockmarket has fallen 90 per cent and its central bank is technically insolvent. Other countries where the Australian dollar is worth more include South Korea, the Seychelles, Indonesia, Brazil, South Africa - and New Zealand.

Posted by chris @ 06:11 AM (740 views)
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