|
Buy it Now, AUD headed for $0.60
Most of the finance guys seem to be betting on a AUD of $ 0.60 USD by year end, in part due to the US Treasury stated policy of raising interest rates in the coming months. The ramification of the continuing devaluation is that all astro gear will get more expensive for us in the near future, just have to look at how quickly it dropped from USD parity to the current $0.70.
All the local retailers selling imported scopes and equipment will have to raise their prices. So regardless of who your buying from it could be a long time before your AUD is worth as much as it is today. If you have a scope on order, prepay what you can and maybe hold back 10%. Use currency hedging if your talking big $ - see your bank for how to do it.
Buy now from the local guys before their prices go up. Any local supplier that has his payment arrangement in USD is going to be impacted.
|