The Australian dollar has hit a 5 year low. Sounds bad but don’t panic
- Written by John Hawkins, Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra
Motortion Films/ShutterstockYou may have seen stories the Australian dollar has “plummeted”. Sounds bad. But what does it mean and should you be worried?
The most-commonly quoted exchange rate in the Australian media has long been the Australian dollar/US dollar rate. On Tuesday midday it was at 0.62, meaning one Australian dollar can...
Read more: The Australian dollar has hit a 5 year low. Sounds bad but don’t panic
