One of the scariest things about studying overseas, especially medicine due to it's relatively high cost, is that you have no control over dollar parity. I've been monitoring market conditions very closely as of late, and much to my dismay, I've noted that the Australian dollar has been increasing in value at a very high rate. Just back in March of 2009, when I was originally preparing my applications for Australia, the AUD was at ~$0.70 CDN. A wonderful rate for us Canadians and much more so for the Americans. Since then, the AUD has climbed to $0.97. Ouch!
I've been trying to understand why this happens and have had little luck until now. Look at this wonderful graph...
It's a relatively tight correlation. Well, there's my answer, I suppose.
Now, is there anything I can do about it? Not really... except to wait and hope that gold will drop. It does appear that gold has been selling at an extraordinarily high rate lately so it should drop soon, hopefully. As for now, I'm going to be biding my time on tuition payments until gold stabilizes.