Stephen Koukoulas

But if you're importing cars, you know, we produce zero cars, so we import every single one of them.

So if you're a car, and in fact, the Aussie dollar versus the yen, I think was at about a 30-year high.

I think we got to 114 Aussie yen.

I'll just double check that.

But yeah, really strong.

And against the euro, we're strong.

And we import a lot of cars from Japan and Europe.

So the price of cars will probably come down.

Now, whether we can afford to fill them up with petrol is another thing.

That's another question altogether, yeah.

But the high dollar lowers our import costs.

It acts as a sort of a break on the economy in a way because if we're buying more imported items because they're cheaper from the Aussie dollar being stronger, we'll buy less domestic.

That slows our economy down.

So in a way, we've had a pseudo...

I don't want to over-egg it, but we've had a pseudo-tightening of monetary policy from the fact that the Aussie dollar has gone up against the US dollar, up against the yen, up against the euro, all key parts of our trading block, if you like.