Mickey,

Last time I was there over a 3 or 4 month period in late 2002 and early 2003, the low point of the Australian dollar according to ATM exchange rates was 48 cents US. It then went back up, or the USD dropped, and 60 days later was 67 cents US. Prices did not drop with the rise in value though. It sure was nice seeing a huge number on the ATM receipts as my "balance" though..had to check it twice because I thought I was looking at the account number.

Richard.