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Justin Rampono
Articles written by Justin Rampono
Why the Australian dollar is so weak against these major currencies
In the past 12 months, the Australian dollar has been sent lower against US dollar, New Zealand dollar and the British pound. The exchange rate is also slightly down against the Japan yen and Euro. It’s largely because of two large influences over the Australia dollar – interest rates and commodity prices. The strength or weakness of the Australian dollar exchange rate is also impacted by the value of the other currency. For example, if the US dollar gets stronger in its own right, then all other things being equal, the Australian dollar will weaken and the AUD to […]
The Best (and Worst) Time to Buy NZ Dollars with Aussie Dollars
In the last 12 months, the best time to buy New Zealand Dollars with Australian dollars, was on June 20, 2023 when the AUD/NZD exchange rate reached 1.1047 compared with the current rate of . In contrast, the worst time was on May 23, 2023 when it plunged to 1.0578. While it’s nearly impossible to time the market perfectly, if you are travelling to New Zealand and need to buy NZ dollars, a higher AUD/NZD exchange rate rate is better for you. It means that you will receive more NZ dollars to spend for each Australian dollars you have. […]
The Best (and Worst) Time to Buy Japanese Yen with Aussie Dollars
The best time to buy Japanese Yen with Australian dollars in the last 12 months was on November 16, 2023. This is because the AUD/JPY hit 98.477. The same applies to anyone transferring money to Japan. In contrast, the worst time in the past year was on March 25, 2023. The same rate bottomed out at 86.79 compared with the current rate of . While it’s nearly impossible to time the market perfectly, if you are travelling to Japan and need to buy yen, a higher AUD/JPY exchange rate rate is better for you. It means that you will […]
How Much Spending Money You’ll Need in NZ for 1, 2 or 4 weeks
New Zealand is renowned for its adventurous holidays, from ski packages in Queenstown to cruises through Milford Sound. With options like bungee jumping, glacier hiking, snowboarding, and skydiving available, it’s hard to know exactly how much money you’ll need to appreciate the full Kiwi experience. Calculating your budget for an epic New Zealand holiday involves thinking about: The kind of activities you intend to do. How much cross-country travelling you’ll do. Your preferred style of travelling (are you after the luxury experience or the classic New Zealand backpacking experience) How long your journey will take. The currency for New Zealand […]
How Much Spending Money You’ll Need in the UK for 1, 2 or 4 Weeks
It’s home to Big Ben, Stonehenge, the much-loved Devonshire tea, and of course, the Queen herself. The United Kingdom has plenty to offer and now it’s calling you. With a destination famed for its iconic attractions, it’s hard to know just how much cash you’ll use to make your holiday everything you’ve dreamed of. On average, it’s a good idea to put aside enough for £135 of currency in the UK each day but your budget will ultimately depend on how you like to travel (for example, budget or luxury) as well as how long you’ll be away for.
4 Safe Alternatives to ANZ Foreign Currency Exchange
This year, ANZ discontinued offering a service to exchange foreign currency banknotes and coins. It means there are now only 4 Australian banks offering currency exchange as a service. While it has left a lot of ANZ customers looking for an alternative, luckily, there are plenty of safe options that are easier and cheaper than ANZ was. Here are 4 of the best: S Money Crown Currency Travelex Travel Money Oz
