Actually our exchange rate against the Euro and the UK Pound is...

Actually our exchange rate against the Euro and the UK Pound is now more favourable.

If we go to Europe or the UK and probably many countries now, our Australian dollars converts excellently into more spending value, ie. is cheaper for us there.
But- local inflation is also higher in the UK & Europe for energy /fuel and possibly food costs, priced in local currencies.
Depends on the supply chains of the goods also- if there is no shortage the prices are not high. Labour and energy costs are due to supply constraints and impacts prices.
But is cheaper for us in many countries now overseas with our AUD higher in UK/ Europe.

Peter Switzer had just returned from Greece last week in his weekly presentation- he referred to how nice and good it was to travel to there,in Europe, as our Australian dollar is strong against the local currency.

It just depends on the denomination- the price variation depends on the currency you are referencing with.

Is exactly as you say otherwise - and our imports are more expensive and we get a lot more dollars($A) priced in AUD, against the USD , which our commodities are priced in.
Our copper & gold price received is going Up in AUD, as our dollar has fallen,

I have thought for awhile that we will see the AUD at ~ 60c again against the USD again.
Just chart wise it looked like we would be going here. And this buffers our exports, our price received goes UP.

Really important as a producer to be currency ‘agnostic’. Cannot ever predict accurately what currencies will do. Then how AUD will relate to all other major currencies.
The market can do anything at any time.

The AUD one of the most ‘manipulated’ —or highly traded currencies globally.
It isn’t possible for traders or hedgers to hedge against big movements in China for instance.
The AUD I was once told- is often used as a ‘proxy’ for the Yuan.
If China is declining, and the local currency there, eg.the yuan has heavily fallen against the USD now— our AUD will often go down then also.
We are in this Asian zone, also heavily influenced by Asia and Asian economic movements.

Our AUD can also be seen to have been sold down to a degree, with the Yuan, which has dropped a lot.
This buffers us in relation to China trade- less impact on prices between China and Australia as we export a lot to China and also import a lot too.
Though we all are paying higher prices for imports priced in USD, while exports are benefited when priced in USD.

The rapid rise in the USD is causing chaos and has introduced a lot of instability as the global reserve currency is the USD and global debt is priced to the USD, impacting developing countries more.
It isn’t sustainable for the US either as their US national debt interest repayments are heading skyhigh.
Although imports are now very cheap for them which will be bringing down inflation in the US while ‘exporting inflation’ to the rest of the world with higher prices everywhere else priced in USD for goods bought (imported) or sold (exported) .
Apologies as I’m sure you know this and just gave a good quick answer to the other poster.