'Straya lovers, now's the best chance to head Down Under — the Aussie dollar is now just a step away from being equal to the Singapore dollar.
Right now, it's dropped to as low as 1.00690 against the Singapore Dollar. If you brought $500 to your friendly neighbourhood money changer, you'd get around $496 in Australian Dollars — almost the same amount. Time to prep up those shades then.
A report by The Straits Times indicates that the reason behind Australia's weakening currency is the fact that their mining investment boom are reaching the end of its cycle, bringing commodity prices down.
Australians however are more than certain that it's all because of their current Prime Minister Tony Abbott, whom they believe has been running the country to the ground since elected in 2013. His grossly sexist attitude, his outright refusal to believe in climate change, his extreme anti-immigration plans, among many other blunders have been well-documented, but none have been able to capture his essence as well as HBO's Last Week Tonight with John Oliver. Watch it and see why exactly Australia's well-being might be heading to malfunction.
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