Exchange rates

So here I am at the Down & Out bar in St James’s square.

I am drinking one of the nicest wines I’ve tasted in weeks. Ok, days…


It’s a 2003 Paulliac drinking like a dream.

The price? Just £10 for a half bottle.

Just a few years ago this would have been a sinful indulgence – $30 AUD for a half (equivalent to a $60 bottle).


Just $15 ($30 a full bottle)

AUD $15 for a perfectly aged Paulliac?


But its no wonder our poor exporters are doing it tough.

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