Is travelling overseas a bad idea right now with the recession?
Dec 25
binni_joy asked:
I’m living in Sydney now, and plan to do a twelve month thing around Europe, Asia and the UK? How could the recession and the financial crisis affect my travelling plans?
Tips for you
I’m living in Sydney now, and plan to do a twelve month thing around Europe, Asia and the UK? How could the recession and the financial crisis affect my travelling plans?
Tips for you
a great deal, I am planning on going to the U.S at the start of 08 the aussie dollar got to 96c U.S and by now should of passed it and be the Dollar the worlds compared to, but sadly thanks to shifty world politics it’s now about 64c. so it will affect you in the way that your money is not worth as much as it was a few weeks ago, compared to the start of the years is you had $9600 it’s now only worth $6400.
So yeah your money isn’t worth as much and cost of things is also going up making it worse. So you will probably need to make sure you are a bit more cashed up when you go.
$3000 is a hell of a lot to lose in 9 months. it’s ridiculous, Australia shouldn’t be affected.