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Australia's Dollar At All Time High Against U.S. Dollar

09/29/2010 12:46 pm ET | Updated May 25, 2011

SYDNEY (AFP) -- German backpackers Christian Morbe and Kathrin Veith were prepared for their stay in Australia to be expensive, but the skyrocketing Australian dollar is catching tourists like them by surprise.

"Five dollars for a bottle of water at the airport," exclaims 20-year-old Veith. "That's pretty heavy."

The Aussie, as the currency is known, has jumped almost 20 percent against the US dollar since June to post-financial crisis highs -- stunning foreign visitors who were expecting more value from the greenback.

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