Dollar down… Will it keep you home? 46

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The Australian dollar has hit its lowest level in six years overnight, hitting 75 cents against the US dollar and we want to know whether it will slow down your international travel plans?   Weaker than expected Chinese industrial production and retail dates data has economists flagging further Chinese slowing and warning of Australia’s links to the one time economic darling.  Jobs data in Australia that is due today is adding to the pressure.

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In contrast, the US dollar is being escalated through its strong ties to Europe which launched a 1.1 trillion euro quantitative easing program earlier this week.

A lower dollar is another smack in the face for Baby Boomers who have international travel plans and are already being affected by low interest rates.  In previous decades, when the dollar was low, Australians simply battened down the hatches and stayed home, buoying the internal tourism market.  A low dollar also acted as a great big magnet for international tourists who could suddenly see a great value for money in coming to visit an Australian beach rather than an American theme park.

But the question we want to ask you today is,  “will a low dollar slow your international travel plans down?” Or will you simply suck it up and get out there?


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Rebecca Wilson

Rebecca Wilson is the founder and publisher of Starts at Sixty. The daughter of two baby boomers, she has built the online community for over 60s by listening carefully to the issues and seeking out answers, insights and information for over 60s throughout Australia. Rebecca is an experienced marketer, a trained journalist and has a degree in politics. A mother of 3, she passionately facilitates and leads our over 60s community, bringing the community opinions, needs and interests to the fore and making Starts at Sixty a fun place to be.

  1. I am off to France in five weeks.
    Too late to cancel. Last year wasn’t that good either. Be interesting to see if crowds are down.

  2. Will still go away, but to cheaper places and spend less generally. Travel within Australia is too expensive unless you camp rough and I’m pretty much over that

  3. The first time I went to the USA it was about that low and people told us to wait. It stayed around the 70 and 80 mark for years, so I am glad we went.

    1 REPLY
    • I’ve only been to the US once, and it was about that then. You still work within a budget whatever the exchange rate.

  4. i think the aussie south pacific peso has lost lots against the united states dollar just like most of the world—we are near parity with the nz dollar which has shocked some people–look around at other places to travel besides america and us dollar based countries to make your peso’s go further.

  5. No it won’t stop me as my trip to London to visit my daughter and our tour to Portugal is already paid for.

  6. Going to Seattle for daughter’s wedding. Got reasonable air fares and staying in private unit with kitchen booked through Airbnb. Also renting our house so accommodation cost is neutral. Will mostly cook own meals while away – healthier and cheaper.

    1 REPLY
    • Hi Sue. Can I ask how much airfares Syd/Seattle or Seattle/Syd. are. I have friends in Washington state near Seattle and a son & family living in Sthn California. Whom Ive visited twice: but would love to see other part of the country.

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