Press Release Summary: The falling Australian dollar over the last several months has resulted in some great bargains becoming available for golf lovers. For people interested in improving their golf games the prices of golf training aids from Australia have dropped by up to 35%.
Press Release Body: The falling Australian dollar over the last several months has resulted in some great bargains becoming available for golf lovers. For people interested in improving their golf games the prices of golf training aids from Australia have dropped by up to 35%. As an example the Perfectstroke Putting Aid in early August was available for around US$185.00 including shipping to your door. Now you can get this award winning and critically acclaimed putting device for around $135.00. The Clubface Assistant training Aid to help keep the clubface square to the path was just over $70.00 and is now available for $53.00 and the Heavyiron, an aid to help create greater clubhead speed also is now selling for $53.00. Golf schools in Australia are getting plenty of inquiries currently with the Perfectstroke Golf Academy on the Gold Coast reportedly taking booking for the early part of next year. The Australian dollar went into free fall last week as global growth concerns intensified and investors fled to currencies they saw as safer. The currency fell to a five-year low against the U.S. dollar of 64.57 U.S. cents, extending a move that has wiped out four years of gains in four months. Just months ago, the currency was trading in the 90-cent range against its U.S. counterpart, and some analysts were forecasting that it would ultimately reach parity. The depth of the decline is stunning for a major currency and reflects the degree to which Australia finds itself on the wrong side of a number of global trends. The country's active finance industry is suffering along with peers around the globe. Its big miners and agricultural exporters are extremely tied to the fortunes of growth in Asian markets and around the world and are being squeezed by the selloff in commodities markets. And the country's housing market is turning down. Australia also is victim of the wave of risk aversion sweeping global markets. It was a major beneficiary of the carry trade -- in which investors borrowed money in currencies with low rates like the yen and invested it in higher-yielding and riskier markets like Australia's -- which is being unwound amid a broad retreat by investors. Russell Jones, chief currencies strategist at RBC Capital Markets in London, called the Australian dollar's move "extraordinary" and said it "had blown banks' forecasts out of the water." For US citizens a golfing holiday to Australia is great value currently with the US dollar going a long way in the Australian market desperate for cash flow. Top golf courses in the Gold Coast region of Queensland are selling their green fees including cart usage at between US$50.00 to $75.00. With low occupancy rates the top hotels and 5 star resorts are also selling rooms at great rates for the overseas traveller. Overall prizemoney for January's Australian Open Tennis Championship will rise 6.8 per cent to a record $22 million in 2009, but organisers will be hoping for a recovery in the fortunes of the declining Australian dollar to avoid what could effectively be a drop in average player earnings in US dollar terms. In the days before the start of the 2008 Open, the Australian dollar was trading at close to 90 US cents; in the weeks since the global credit crisis intensified, it has plunged from a high of 98 US cents to yesterday's rate of well below 70 - thus swallowing the prizemoney increase confirmed at yesterday's tournament launch. Regardless of what happens in the coming months, the two singles champions will be slightly insulated, with each receiving cheques for $1.62m, up 18 per cent. The Australian Open Golf Championship to be contested at Royal Sydney Golf Club in December is struggling to attract a strong overseas field because of the weak Australian dollar and timing of the event with many top players already having played a long year of golf. Fresh from his thrilling playoff victory at the Byron Nelson Championship in Texas, Aussie favourite Adam Scott has confirmed his commitment to compete in the 2008 Australian Open to be played at The Royal Sydney Golf Club, December 11-14. The 27-year old missed last year's Open due to personal commitments but says he cannot wait to return to his homeland to try and win his national championship. "The Australian Open is the one event that the Aussie players on tour really look forward to coming home for each year and I am eagerly anticipating the opportunity to compete amongst a stellar field at Royal Sydney once again in December," he said. The announcement that Scott will contest the Open is sure to thrill Australian golf fans who missed seeing the young star in action at this NSW Hallmark Event last year. Scott's commitment comes after Craig Parry signalled his intention in April to return and defend the title he so memorably won at The Australian Golf Club last December, and world number six Geoff Ogilvy also confirmed his participation in what is a sign of strong support from Australia's leading players. Scott has been consistently ranked in the Top 10 for the past three years and is the winner of 14 professional tournaments, including titles at this year's Byron Nelson and Qatar Masters events.
Web Site: http://www.perfectstroke.org
Contact Details: Jon Moore PO Box 1451 Broadbeach Qld 4218 lamarr7070@yahoo.com.au
2025
