Australians love to travel and a travel money card is a great tool to take on your international travel. It allows you to pay for things whilst travelling overseas, in convenient locations like shops, restaurants, hotels and ATM’s. Travel money cards work in a similar way to Australian ATM cards, they use a pin when you purchase goods or services overseas. In the guide we have compared lots of travel cards to give you the best travel money cards for Australians travelling overseas. Our Top 5 Travel Money Cards: ING Everyday Orange Travel Card – Best for ATM withdrawals overseas […]
This article looks at what the banks are predicting for the AUD to JPY exchange rate over the long term in 2022.
This article looks at what the banks are predicting for the AUD to EUR exchange rate over the long term in 2022.
This article looks at what the banks are predicting for the AUD to GBP exchange rate over the long term in 2022.
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 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 […]
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 […]
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 Japanese 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 […]
This article looks at what the banks are predicting for the AUD to NZD exchange rate over the long term in 2022.
Crown Currency and S Money both allow Australians to buy currency online. But which one is the cheapest? While S Money has the best exchange rates, it does have a service fee. This means that to find the cheapest option, you need to look at the total cost of the currency including all the fees. You can either go to each site and get a quote with each company or use an exchange rate comparison table that includes not just exchange rates, but any service fee too. While price is important, it’s not the only difference between these 2 currency […]
Crown Currency is one of Australia’s biggest currency exchange services but they are not your only choice. Here are 3 currency exchange providers like Crown Currency that have some of the best exchange rates in Australia. S Money Travelex Travel Money Oz
The 2021 Travel Money Guide to Currency in Europe Travelling to Europe is considered a ‘right of passage’ by many Australians. In fact it is one of the most popular places to travel to from Australia. With countries like France, Germany, Italy and Spain there is no shortage of fabulous things to see, eat and experience. To make your savings go even further, read our easy to read guide on currency in Europe. This guide helps you with the following: The official currency of Europe The pros and cons of using a bank card in Europe What the Euro looks […]
The best time to buy British Pounds with Australian dollars this year, was on the very first day of 2021 – January 1, when the AUD/GBP exchange rate was 0.5741. The low point for the exchange rate (or the worst time to buy British Pounds) was in August when rate hit 0.5026. Is it a good time to buy British Pounds? While it’s nearly impossible to time the market perfectly, if you are travelling to the UK and need to buy some pounds, a higher AUD/GBP exchange rate is better for you. It means that you will receive […]
The best time to buy New Zealand Dollars with Australian dollars this year, was on the 29th of March when the AUD/NZD exchange rate reached 109.46. In contrast, the worst time was just a couple of weeks ago. On the 16th of September, it traded below 1.03 for the first time since March 2020. 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 […]
The best time to buy Japanese Yen with Australian dollars this year, was around the 10th of May when the AUD/JPY exchange rate hit 85.80. In contrast, the worst time was more recent. On the 23rd of August, the same rate bottomed out at 78.38. 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 receive more yen to spend for each Australian dollar you have. To work out the best time to […]
If you are travelling overseas this year from Australia, the best time to buy US dollars with Australian dollars was in late February 2021. This is because the AUD/USD peaked at 0.7997 and has fallen gradually since. The same applies to anyone transferring money overseas in US dollars. In general, if you are buying US dollars with Australian dollars, you want the AUD/USD exchange rate to be as high as possible. The higher the rate, the better it is for you. It means that you will receive more US dollars for the same amount of Australian dollars (AUD).
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 […]
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 £100 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.