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Old Nov 22, 10, 2:44 pm
  #15  
Lonely Flyer
 
Join Date: Jan 2006
Location: OOL Australia
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Originally Posted by number_6 View Post
AUD exchange rate is actually surprisingly predictable over the past 40 years, just look back at the historical rates. Quite obvious in retrospect The current outlook is to get to go up another 10% in the next 6 months, so pricing will only get worse for tourists. The tourism sector is starting to hurt, but Sydney hotels are at 90%+ occupancy despite very high rates, so it will take some time before tourism costs will drop.
The Australian Dollar was floated in 1983 so the relevant period is 27 years of data.
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