Lets go Australia for holiday

The currency clock was turned back several years yesterday as the Australian dollar traded below par against its Singapore counterpart - a situation not seen since January 2003. A good time to buy Aussie dollar now for FD saving, traveling or paying school fee. This is really a good news since I'm flying to Melbourne in a month time.

Australian dollar traded at a six-year low of 96.17 Singapore cents. As recently as November 2007, the currency was riding high at S$1.36. It was not the only higher-risk currency to be battered as the New Zealand dollar also fell 6 per cent in Singapore dollar terms, sliding to 86.76 Singapore cents by yesterday evening - another six-year low.