Currency in Bali Indonesia
A Travel Money Guide to Bali, Indonesia Bali is one of our most loved travel destinations but if this is your first trip, it’ll go a lot more smoothly if you’re informed about the currency in Bali. This guide is designed to get you up to speed with everything related to paying for things in Indonesia. What currency is used in Bali The main currency people use in Bali is the same money used in all Indonesian islands: the Indonesian rupiah. This is the only currency officially used on the island. It’s represented by the currency code IDR and […]
The Australian dollar hits 70 cents for the first time since the start of 2020
The Australian dollar has risen back above 70 cents for only the second time since the first week of 2020. It has now recovered more than 20% since bottoming out in March when it fell below 58 cents. The amazing surge of the Australian dollar largely reflects a changing mood across global markets that not only is the worst of the COVID-19 pandemic behind us, but also that the impact will be less severe than previously forecast. The AUD has performed strongly, not just against the US dollar. It has risen sharply against most major currencies. The AUD to EUR exchange […]
2 Reasons the Australian dollar has charged higher above 69 cents
The Australian dollar (AUD) has charged higher to 69 cents against the US dollar. It is largely been driven by A weaker US dollar Strong iron ore prices A weaker US dollar During the start of the COVID-19 pandemic, the US dollar got stronger and stronger. Fear griped the market, creating massive demand for US dollars and US dollar ‘safe haven’ assets like US treasuries. Since the middle of March, as infection rates in many western countries peaked, markets started to focus on the recovery. As conditions improved, markets became more optimistic, moving money back out of the US dollar, […]
Australian Dollar reaches a 3 month high on recovery hopes
In short The AUD/USD hits a 3 month high of 0.6675 as hopes for an economic recovery increase The Australian dollar is nearly 12 cents higher from its lows in late March The AUD has also rallied higher against the Euro, Yen and British Pound in the past 2 months Time Open Low High Today 0.6625 In the last week 0.6511 0.6675 In the last month 0.6376 0.6675 The Aussie dollar has made a remarkable recovery to hit a 3 month high against the US dollar at 0.6675. As the world entered the economic downturn caused by COVID-19, the Australian […]
Currency in Thailand
A Travel Money Guide to Thailand If you’re one of the roughly 800,000 Australians heading to Thailand this year, you’ll undoubtedly want to get the most out of your holiday. Whether you’re heading to Phuket, enjoying a stopover in Bangkok, or ready to explore the mountains near Chiang Mai, your trip will go a lot more smoothly if you’re up to speed on Thailand’s currency and payment systems. The currency Thailand uses The currency used in Thailand is called the Thai baht. It is the official currency in Thailand and is represented by the international code THB and the […]
How to Get the Best Exchange Rate for Foreign Currency in Australia
When you’re planning a trip abroad, it’s important that your travel money goes as far as possible. Finding the best currency exchange rates means you’ll have more to spend. You have a lot of options when it comes to exchanging currency, but here are the best ways to get a better rate: Order online instead of going to a store If you do head into a store, ask for a better exchange, particularly if you are exchanging more than $1000 Always shop around to get the best currency exchange rates, as they make a big difference in how much travel […]
