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. But these are only superficial details. With this guide, you’ll learn plenty more about money matters in Thailand, including: What currency in Thailand looks like Converting Thai currency to Australian dollars 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 […]
How Much Spending Money You’ll Need in the USA for 1, 2 or 4 Weeks
It’s not an easy task to figure out how much spending money to take to the USA. The United States keeps you on your toes with every American state (and sometimes even individual cities within states) imposing its own tax rates and rules. Those rates and rules will affect everything you buy, from your Statue of Liberty souvenirs to tickets to a baseball game. In Montana, for instance, there’s no sales tax. But in Louisiana, it’s 10%. All of that means there’s no standard budget you can apply to every state. On top of that, how much you spend will […]
How Much Spending Money to Take to Europe for 1, 2 or 4 Weeks
It’s almost impossible to calculate the right amount of money you need to take with you on a holiday to Europe. You’re talking about a continent that features 50-odd diverse countries and some 25 currencies. The amount of spending money for Europe depends on a variety of factors, including: Where you intend to travel How long your stay will be The style of travel you prefer Are you sticking mainly to Eastern or Western Europe? Venturing up to Scandinavia or down to the Mediterranean? Are you staying in one city or country, or are you travelling across broad swathes of […]
