The Australian Dollar hits 70 cents for just the third time in 2020
After weeks of flirting just short around 69 cents, the AUD/USD exchange has risen back above 70 cents for only the third time in of 2020. The Australian dollar traded between 0.6850 and 0.6950 for much of June and the first half of July before breaking higher. A mixture of higher commodity prices, particularly iron ore and a weaker US dollar was enough to finally crack through 70 cents. Against the other major currencies, the Aussie dollar has barely moved. In the last month, it has been largely unchanged against the British Pound, Euro, Japanese Yen and New Zealand Dollar.
How Much Spending Money for Fiji in One & Two Weeks
Enjoy your days exploring some of the world’s most incredible soft coral reefs, resting up by the pool, and then sampling the local cuisine in a first-class establishment on one of Fiji’s 333 islands. Fiji has plenty to offer but with so many options – day snorkelling trips, multi-day cruises, sky diving packages, island-hopping, and more – it’s tricky to calculate how much spending money you need to make the most of your trip. Only when you’ve mapped out your journey will you be able to start calculating how much of the local Fijian currency (Fijian dollars or FJD) you […]
The 5 Best Ways to Take Money to Fiji
It’s a fact. Australians love Fiji. We love Fiji so much that we account for 42% of the island nation’s annual visitors. After all, what’s not to love? Fiji tempts us with its stunning beaches, laid back culture, and crystalline waters. So how do you get the most out of this Soft Coral Capital of the World and its 300+ islands? Finding the right travel money options will help you make the most of your time away AND will save you money in the long run. The best way to take money overseas, to Fiji from Australia? We recommend choosing […]
What Travel to NZ Will Look Like in a Trans Tasman Bubble
Since early May, there’s been talk of creating a NZ travel bubble, or trans-Tasman travel bubble, which would allow free movement between Australia and New Zealand in the wake of the COVID-19 outbreak. With the situation in each country continuously shifting, it’s been tricky to nail down any exact dates or confirmation that a trans-Tasman bubble will exist at all in the coming months. But the likelihood is that New Zealand WILL be the first international port of call for Australians when the blessed time comes for us to be able to travel overseas again. But though we look forward […]
Why Every Currency Exchange Offers a Different Rate
If you’ve ever had to buy some foreign currency before a trip overseas, you probably noticed that every website has a different exchange rate. On top of this, no money changers seem to use the same rate as XE.com or Google. While it can be frustrating, knowing why each each exchange rate is different will help you not only find the best exchange rates, but also work out the cheapest way to buy your foreign currency. It comes down to money and the cost to get it to you. What is the online rate that I can see on Google […]
Is It Cheaper to Buy Foreign Currency Online?
Compared to the traditional way of buying currency in person, ordering foreign currency online is usually cheaper. Money changers that have a retail store have to pay for rent, staff and insurance. Online money changers like S Money don’t have these large costs, making it easier to provide better exchange rates and lower fees. Buying foreign currency online is also a lot easier. Unlike physical stores, all exchange rates are displayed clearly so you know what you are going to pay. In most cases, you can also get your currency delivered to your door, saving you the hassle of driving […]
Currency in Fiji
A Travel Money Guide to Fiji Fiji is just a short flight from the Australian east coast, making it a popular holiday destination for couples and families. And what’s not to love? You’ll be exploring white sand beaches, enjoying fresh coconuts, and snorkelling in reefs that earned Fiji the moniker the “Soft Coral Capital of the World”. A holiday destination like this deserves the utmost relaxation. So now is the time to read up on the currency in Fiji and find out the best travel money options for your trip. Our guide will help you figure out the best way […]
Currency in China
A Travel Money Guide to China You’ll have more than enough to wrap your head around with China’s different culture, language, customs, and lifestyle. Why not save yourself one less stress? It helps to get savvy about money matters in China before you go. This post covers everything from how and where to exchange currencies to the average costs of things in China. Read on to learn more about spending in China, including: What currency is used in China Converting Chinese currency to Australian dollars Currency exchange in China How to buy currency before you leave Using bank cards and […]
Currency in Canada
A Travel Money Guide to Canada What’s not to love about Canada? Our northern hemisphere cousins boast incredible ski fields, vibrant cities, and stunning coastlines waiting to be explored. Your Canadian holiday will be a little easier if you’re familiar with the country’s money matters: what the local currency is, whether you can use US cash in Canada, and the best ways to pay (cash vs card). The local currency is the Canadian dollar, with the currency code CAD and the symbol $ (or CA$ internationally). With local prices bearing a striking resemblance to AUD, it’s easy to understand and […]
Currency in Singapore
A Travel Money Guide to Singapore Whether Singapore is your holiday destination or just a fun stopover on the way to somewhere else, the city-state will quickly capture your heart. Travelling can be a little stressful but with a little knowledge of the country’s money situation, your trip will go a lot more smoothly. Read on to learn more about the currency in Singapore and spending while you’re there, including: What currency is used in Singapore Converting Singapore currency to Australian dollars Currency exchange in Singapore How to buy currency before you leave Using bank cards in Singapore and beyond […]
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. You’ll learn: Which currency is used in Bali What currency in Bali looks like The average costs of things in Bali How the Bali currency converts Currency Exchange in Bali How to buy currency before you leave Using bank cards in Bali and beyond […]
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. 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 […]
