The past year has seen the value of the U.S. Dollar go down in the land down under, declining against the Australian dollar by 1.79 percent since last summer. Like the U.S. dollar, the Aussie dollar is a widely held and traded reserve currency, and the relatively weakness of the U.S. dollar is likely due to investors switching to Aussie dollar denominated holdings. With typical prices of key goods and services significantly higher than those seen in Western Europe and much of the developed world, and a long, expensive flight between the U.S. and Australia, take a pass on the Outback and consider New Zealand this summer instead.
-1.79% — value growth in dollar since 2017