Light at the End of the Tunnel?
Tuesday, April 24th, 2007If you’re one of the small businesses here in Hervey Bay that does business overseas then you will have seen your income steadily dropping as the Australian dollar continued to climb against the US dollar.
While we haven’t stopped to quantify what that has meant to our small business one person I was talking to last week - who earns his money overseas - suggested that over the last few months, due to the increasing value of the Australian dollar, he has basically taken a 30% pay cut.
Fortunately though there might be light at the end of the tunnel as a report, on the Courier Mail’s website suggested … unfortunately that report has now been removed.
Of course, for some of us, there’s also the possibility of turning our focus back on the market place here in Hervey Bay. If you’ve been competing successfully overseas you’ll find that the competition back here in the Bay is a lot weaker than what you’ve been used to.



