Online shoppers profit as Aussie dollar soars

Australian shoppers can now make huge savings by buying online from the US and Europe after the Aussie dollar rose to near-parity with its US equivalent.

The Herald Sun noted that parents can now buy a Bugaboo Bee Stroller, which costs $1,119.95 here, for $969.94 on the Price USA website.

It added that Australian consumers can now save $10 per book by buying them on Amazon.

The news comes after the Australian dollar rose to 99.18 US cents last night (October 7th), its highest point since the currency was floated on foreign exchange markets in 1983.

Australians aiming to make the most of the currency uplift could choose to compare credit cards in search of the best spending options. Speaking to the Herald Sun, CommSec chief economist Craig James noted that there has never been a better time to buy from the US.

"It's interesting that there are now businesses setting up in the States who negotiate to send the items on to Australia from companies who only ship to the US," he commented.

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