Most Australians will be aware that the A$ is trading well above parity with the US$ but may not be aware that the Australian Dollar against the Thai Baht is at the highest level in five years.
While this might be bad news for tourism and exporters, it is great for Aussie expats living in Thailand. It makes our dollar go a little bit further!
The Australian Dollar is the fifth-most traded currency on the Forex market. The AUD is popular among currency traders because of the nation’s relative lack of government intervention. People refer to the AUD as the Aussie.
Some are forecasting that the A$ dollar will go even higher. I hope they are right, but predicting currency movement is a fools game.