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Justin Rampono
Articles written by Justin Rampono
Best Debit Cards for Overseas Travel
Heading abroad can be an exciting adventure, but managing your travel money while overseas can sometimes be challenging. One of the best ways to ensure you get the most out of your money is by using a travel debit card. In this guide, we’ll cover everything you need to know about the top travel debit cards in 2024, highlighting their key features, benefits, and how to choose the right one for your needs.
Best Credit Cards for Travel in 2024
Credit cards are an obvious choice for traveling due to their convenience. Choosing the right credit card for travel can significantly improve your travel experience. It provides benefits such as rewards, travel insurance, and low foreign transaction fees. In this comprehensive guide, we’ll explore the best credit cards for Australians traveling in 2024, discussing their features and benefits and how to choose the right one for your needs.
Best Travel Money Cards
I tested the travel money cards from Commbank, ANZ, Macquarie, Wise, Revolut, and Travelex by using them overseas. Then S Money compared their exchange rates, fees and services to 10 other cards available in Australia. Choosing the right travel money card really comes downs to 3 things Making sure the card has the currency you need. The exchange rate. Card fees – particularly ATM fees and currency conversion fees. With the best travel money card in hand, you can easily make payments whilst traveling overseas. It will make paying easier for shops, restaurants, hotels, and ATMs without getting slugged with […]
Inflation, Interest Rates and the Australian Dollar: How they are all connected
This week, the Australian dollar moved higher after recently released figures showed that inflation was on the rise. In fact, across the globe, exchange rates have been adjusting recently to higher than expected surges in inflation. But why does inflation change the value of the Australia dollar? Well, it’s because inflation and expectations of inflation have a direct influence on interest rates. Interest rates in turn, have a big impact on the value of a currency. This makes inflation, interest rates and the Australian dollar all connected. According to the Reserve Bank of Australia (RBA), inflation is: An increase […]
The Australian Dollar rises above 75 cents as inflation increases
The AUD to USD exchange rate rose above 75 cents for only the second time since the end of July. At 12:50pm, the CPI or inflation data was released. It showed that prices in Australia are rising faster than previously forecasted. Here are some of the key points: Consumer prices rose 0.8 per cent during the September quarter (July, August and September). Prices are 3% higher than a year earlier. The increase was largely because of fuel which increased 7.1% and rising house prices which increased 3.3%. Interest rates are one of the big drivers of Australian dollar. Right […]
Heading to Japan? The AUD to JPY just hit a 3 year high
This week, the AUD to JPY exchange rate has risen to its highest level in over 3 years. It has been a tale of 2 stories. Firstly, the Australian dollar has been getting stronger against many major currencies. Secondly, and more importantly, the Japanese Yen has been much weaker. This means that it is now one of the best times to buy Japanese Yen with Australian Dollars in 2021. The Japanese yen has fallen in recent weeks, not just against the Australian dollar but against most other major currencies like the US dollar and Euro. Higher energy prices have driven […]
