Released on: October 8, 2008, 10:49 pm

Press Release Author: Jon Moore

Industry: Management

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