Value of AUD

If you are simple, then it would appear that a high AUD is a sign of Aussie pride. You can get more on Amazon and your traveling expenses are less. True. But you spend that money outside of Australia and it is not good for Australia's economy.

Plus it becomes harder to sell Aussie goods. And whatever Aussie goods you sell, priced in USD, you get less AUD. The main export earners for Australia are all priced in USD, oil and gas, coal, iron ore, wheat, gold and virtually all other minerals.

Hence, if you think with your head, then a low AUD is much better. Why do you think China is progressing so well and exporting so much? It has a communist government manipulating their yuan to make it advantageous for Chinese businesses. The American Congress is livid over that issue. Part of European problem is due to cheap yuan killing off European exports and manufacturing.