Business News

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

You 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...

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