The 6 Best Ways to Take Money to Europe
Thanks to the proliferation of a single currency (the euro is the official currency of 19 European nations) and the global rise in plastic payments and ATMs, it’s easier than ever to carry cash across Europe. You no longer have to worry (for the most part) about exchanging money as you cross every border. Nor do you need to load yourself up with travellers cheques before you go. But with many more money options out there – credit cards, debit cards, travel money cards, or cold, hard cash – it can also be harder than ever to figure out what […]
The 6 Best Ways to Take Money to New Zealand
New Zealand already has so much in common with Australia that you could be forgiven for thinking you could use your Aussie dollars in the Land of the Long White Cloud. Not so. Instead, you’ll need to convert your Aussie dollar into the local NZ dollar. But what exactly is the best way to take money overseas, from Australia to New Zealand? Our advice: combine a few of our top six options to get the most flexibility: Paying with your Australian debit card Buying a prepaid travel money card Pay with a credit card Take Australian dollars to exchange in […]
Where is it Cheaper to Buy Foreign Currency, Australia or Abroad?
In most cases, it is cheaper to buy your foreign currency at home in Australia before you head overseas but there are some important exceptions. It’s cheaper to convert Australian dollars into foreign currency if you are travelling to Singapore, Bali, Thailand or Hong Kong. If you are heading overseas in the next few months, here are some practical tips to get more out of your travel money: Places with the best exchange rates in Australia Buying currency online Using credit cards and debit cards overseas The best places to exchange currency abroad Conclusion and travel tips Buying travel money […]
What you can do with foreign currency coins
If you’ve travelled overseas, chances are, it’s happened to you. During your trip, your wallets and pockets become filled with foreign currency coins. Coins that, when you look at them, you have no idea if it’s worth 5 cents or 5 dollars. Then when you get back home, they get piled in with all the other coins from other trips or worse – they end up in the bin. Unfortunately, Australian money changers will rarely exchange these left over foreign coins but they aren’t worthless. Here are a few alternatives to throwing them out.
The Winners and Losers from a Low Australian Dollar
The Australian dollar recently hit its lowest point since 2002 as it plummeted to 55 cents. It’s now lost more than 10% in 10 days and it’s not just the AUD/USD exchange rate that’s falling. The Australian dollar is down against most other currencies like the euro, pound, yen and kiwi dollar. So is a low Australian dollar good or bad? Like many things, it really depends on your situation. There are definitely winners and losers from a low Australian dollar. The big winners out of a low Australian dollar are some of the parts of the economy that have […]
The 7 Best Ways to Take Money to Japan
Japan is renowned for being technologically advanced yet cash is still the most predominant payment method across the country. In fact, four out of five purchases are still made with cash. Which raises the question: what’s the best way to take money overseas, specifically to Japan from Australia? With foreign-friendly ATMs still somewhat elusive and over-the-counter card payments patchy, the best way to take money to Japan involves combining a number of options: Paying with your Australian debit card Buying a prepaid travel money card Paying with a credit card Taking Australian dollars to exchange in Japan Buying Japanese yen […]
4 Excellent alternatives to Travel Money Oz
Travel Money Oz have more stores than any other money exchange service but they aren’t always the cheapest option. Here are 4 currency exchange providers like Travel Money Oz that have some of the best exchange rates in Australia. S Money Crown Currency Travelex Unimoni
Australian dollar recovers nearly 10 cents off recent lows
In short The Australian dollar has risen from 55 cents to 64 cents against the US dollar Money that flooded into US dollars as investors seek the safety of ‘safe haven’ assets is now flowing in the opposite direction The AUD has also gone up against the Euro, Yen and British Pound Time Open Low High Today 0.6384 In the last week 0.6133 0.6444 In the last month 0.5530 0.6444 The Australian dollar has bounced back after it fell to 55 cents less than a month ago. It has rallied more than 9 cents against the US dollar but has […]
How Much Spending Money You’ll Need in Japan for 1, 2 or 4 Weeks
Japan is one of those destinations people dream of visiting. With the majestic Mt Fuji rising over an undulating landscape, what’s not to love? The mystifying blend of traditional and modern cultures, from the geisha culture of Kyoto to Tokyo’s robot restaurants, makes Japan a destination that never fails to delight and surprise its visitors. If it’s your first time going to Japan, it’s hard to know what your savings target should be for everyday expenses. The amount of money you’ll want to take with you to Japan depends on how you prefer to travel and how long you’ll be […]
The 6 Best Ways to Take Money to the UK
With a trip to the United Kingdom looming, you’ll be stuck into the planning mode as the excitement (and stress!) builds. There’s so much to think about that figuring out how to take your money to the UK from Australia is just another task to add to the list. So we’re here to break it down for you for the best way to take money overseas. From cold hard cash to travel cards or the bank cards you already own, what’s the best option? We’ve created a list of the best ways to carry money to the UK from Australia, […]
When is the best time to buy euros with Australian dollars?
If you are travelling to Europe from Australia, the best time to buy euros with Australian dollars in the last year was in January 28, 2023. This is because the AUD/EUR peaked at 0.6562 and has slowly fallen since. On the other hand, the worst time to buy euros in the last 12 months was on August 20, 2023 when the exchange rate hit 0.5862. As a rule of thumb, if you are buying euros with Australian dollars, you want the AUD/EUR exchange rate to be as high as possible. The higher the rate, the better it is for you. […]
Using Money in the USA
You’ve got that epic holiday in the US planned. Naturally, you want your money to go as far as possible. This guide provides you with a thorough overview of how to take and spend money to the US so you know not just the ins and outs of the greenback but also how to get the best value during your time Stateside. In this guide, you’ll find info on: Using Cards Using Cash The Best of Both Worlds: Using Cash AND Card!
Will the Australian dollar fall any lower in 2020?
In the first 3 months of 2020, the Australian dollar has fallen an amazing 15 cents from above 70 cents to 55. Now that it has recovered back above 60 cents, will it fall any further this year? Surprisingly, most bank forecasts have the Australian dollar slightly higher towards the middle and back end of 2020. So while it may fall further, it could still recover by the end of the year. While there are several reasons for the fall in the Australian dollar, they all have one thing in common – the coronavirus. Some of the reasons include: A […]
Travelex vs Travel Money Oz vs S Money
Travelex, Travel Money Oz and S Money all 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 […]
Can you get coronavirus from handling foreign currency notes and coins?
The COVID-19 pandemic has swept across the world, making it hard to work out what is safe to touch without risk of contracting the coronavirus. If you need to handle bank notes or coins from overseas, can you be sure it’s completely safe? How long Coronavirus lasts on different surfaces depends on the material you are touching. Touching a surface made of copper is different to touching plastic or cardboard. Research from the University of California (UCLA) has given some insight into how long the virus remains on different surfaces. They discovered that COVID-19 was still detectable on different […]
AUD in GFC style freefall dropping 10 cents in 10 days
In short The AUD is collapsing against the US dollar, Euro and Yen Money is flooding into US dollars as investors seek the safety of ‘safe haven’ assets The Australian dollar has reached parity with the New Zealand dollar Time Open Low High Today 0.5739 In the last week 0.5530 0.6315 In the last month 0.5530 0.6710 The Australian dollar is in free fall. In scenes reminiscent of the Global Financial Crisis, the Aussie dollar crashed to 55 cents before making a minor recovery to end the day just above 57 cents. The AUD to USD exchange rate has fallen […]
4 Alternatives to Travelex with Awesome Exchange Rates
Travelex is Australia’s biggest currency exchange service but they are not your only choice. Here are 4 currency exchange providers like Travelex that have some of the best exchange rates in Australia. S Money Crown Currency Travel Money Oz Unimoni
Records smashed as Australian dollar sinks to new lows
In short The AUD/USD drops under 60 cents for the first time since 2003 The Australian dollar is also falling against other major currencies The RBA is likely to announce and interest rate cut and additional stimulus tomorrow Time Open Low High Today 0.5970 In the last week 0.5969 0.6533 In the last month 0.5969 0.6732 The Australian dollar smashed through 60 cents today, hitting a fresh 17 year low. The AUD/USD has not been this low since 2003. It has dropped off a cliff in the last week as money has flooded into ‘safe haven’ currencies like the US […]
