Fed: Aust now cheapest place to buy an ipod
02 Nov 2008 9:43 PMFed: Aust now cheapest place to buy an ipod
A new study shows Australia is now the cheapest place in the world to buy an iPod .. thanks to the Australian dollar's sharp decline.
And CommSec says the currency's decline will boost Australia's trade competitiveness and help insulate the nation from the global economic downturn.
The CommSec iPod index shows Australia's the cheapest place among 62 countries to buy an Apple iPod eight-gigabyte nano music player .. down from 14thcheapest in July.
CommSec chief equities economist CRAIG JAMES says the sharp drop in the Australian dollar has improved the currency's competitiveness.
But he says the question now is whether it's fallen too far in relation to other currencies.
AAP RTV mntm =0A