Australian travellers are exulting as the Australian dollar achieves parity against the almighty US dollar. For years we have suffered a severe financial penalty when we exchange our money for US dollars on trips abroad.
What is surprising is that the travel industry has been so lax in promoting the strength of the Aussie dollar against other currencies in our part of the world.
Parity between our money and that of America is not such a big deal when compared to the bargains that are around - and have been around for quite some time when our dollar is compared to our neighbours.
For instance, those who propose a visit to our Kiwi friends on the other side of " the ditch " will find that each Aussie dollar buys a whopping $ 1.30 in New Zealand dollars - and similar bargains abound in other Pacific island currencies.
Favourable exchange rates seem to be a well kept secret by the travel industry. Travel advertising makes no mention of exchange rates - and as a result many contemplating travel expect no bargains when exchanging their Australian dollars.
Perhaps the American experience will deliver a wake up call. Now is the time to compare the exchange rate with a whole host of other currencies when planning a holiday.
In the Pacific area - the Aussie dollar is king !
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