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AUDUSD bank forecasts

2021 AUDUSD Dollar Forecasts

The Australian dollar against the US dollar exchange rate (AUDUSD) changes every second. This article shares bank forecasts to help you predict changes in the AUDUSD rate. The 2022 Forecasts for the AUD to USD are out now With most of 2021 out of the way, attention turns to 2022. Now that most economists have released their predictions for the Australian dollar, head here to find out the most up to date forecasts:

Buy NZ Dollars (NZD) Money Cash, AUDNZD forecasts

New Zealand Dollar Forecasts

New Zealand dollar exchange rates and forecasts change all the time. This article looks at bank predictions and is updated regularly.

Australian Dollar forecasts

Australian Dollar Forecasts

Australian dollar exchange rates and forecasts change all the time. This article looks at bank predictions and is updated regularly. The 2022 Australian dollar Forecasts are out now With most of 2021 out of the way, attention turns to 2022. Now that most economists have released their predictions for the Australian dollar, head here to find out the most up to date forecasts:

US Currency

Why the Australian Dollar Could Hit 80 cents this Year

Since March 2020, the Australian dollar has been on a march towards 80 cents agains the US dollar. In the first week of 2020, it reached 0.7816 before easing off. Despite the recent drop, many economists are predicting the Australian dollar (AUD) to reach and move above 80 US cents this year. Here’s why: Massive Chinese demand for Australian commodities like iron ore A stronger than expected recovery in the Aussie economy A falling US dollar Let’s have a look at each of them in a little more detail. China is on the move The coronavirus hit every economy hard […]

2021 Australian Dollar forecasts upgraded as the AUD soars to new highs

Two of Australia’s big banks have upgraded their forecast as the AUD/USD exchange rate hit a fresh 2 and a half year high above 76 cents. The National Australia Bank now expects the Australian dollar to move up to between 80 and 85 cents in the back half of next year. Westpac also increase their prediction for the AUD with a forecast of 82 cents by the end of 2021.   Why the Australian dollar is rising There are a dozens of reasons why the Aussie dollar has been getting stronger. These include: Rising commodity prices like iron ore The […]

currency in Russia

Currency in Russia

The 2022 Travel Money Guide to Currency in Russia for Australians Russia offers many different types of travel experiences, treks in the wilderness, exploring lots of historical sites and train journeys.  While it is a modest budget destination, to get the most out of your trip, it’s a good idea to learn everything you can about the local currency and payment options before you go. Want to learn more about the currency in Russia and how to get your hands on it for the best value? Read on to find out: What currency is used in Russia How to buy […]

Currency in Turkey

Currency in Turkey

The 2022 Travel Money Guide to Currency in Turkey for Australians Turkey has attracted tourists centuries and with its amazing historical sites like Aya Sofya, scrumptious food and coastal vistas. Even though it is a moderate costing destination, it’s a good idea to learn everything you can about the local currency and payment options before you go. Want to learn more about the currency in Turkey and how to get your hands on it for the best value? Read on to find out: What currency is used in Turkey How to buy Turkish Lira before you go AUD to TRY […]

cancel for any reason travel insurance

Cancel for Any Reason: Travel Insurance Coverage During a Pandemic

It might be tempting to book a holiday in the hopes that Australia’s international borders will re-open soon. But there’s a high risk that you may have to cancel the holiday – or that complications arise from the COVID-19 pandemic. We’re all attuned to protecting ourselves against travel mishaps with insurance but travel insurance in a time of corona has become a lot more complicated. Cancel for Any Reason (CFAR) travel insurance might have provided protection against the pandemic. But Cover-More, Australia’s major supplier of CFAR policies, suspended Cancel for Any Insurance policies at the start of the coronavirus outbreak. […]

Currency in India

Currency in India

The 2021 Travel Money Guide to Currency in India India is one of our favourite places in Asia for the breathtaking beauty of the Taj Mahal, the glorious Goa beaches, and its interesting cities like Rajasthan, Mumbai and Varanasi. To get the most out of your trip, it’s a good idea to learn everything you can about the local currency and payment options before you go. Want to learn more about the currency in India and how to get your hands on it for the best value: What currency is used in India How to buy Indian currency before you […]

how much cash can i take out of Australia

Taking Cash Out of Australia: How Much Is Too Much?

Are you heading away on a big holiday abroad, or moving overseas, and are unsure how much money you can actually carry out of Australia? The good news is there’s no limit to how much cash you can take out of, or into, the country. But while you can carry unlimited sums out of Australia, you may have to declare amounts with a combined worth of AU$10,000 or more. Important read: While we try to keep this info as accurate and up to date as possible, it’s general information only. Please remember we don’t provide financial or legal advice. Australia […]

Sydney Airport currency exchange

3 Significantly Better Options to Currency Exchange at Sydney Airport

Currency exchange at Sydney Airport can be a real rip-off. If you are exchanging a small amount under $200, you could lose up to 30% of your money in loaded exchange rates and money changer fees. There are only 2 money exchange options at Sydney International Airport – ANZ or Travelex. If you are already at Sydney Airport, then these are your only 2 options. If you have time to sort out your travel money before you go to the airport, here are 3 better alternatives: Order online before you head to the airport Head into a store or a […]

The Australian Dollar motors to a 21 month high over the weekend

The Australian dollar moved higher over Friday and Saturday, pushing to a 21-month high against the US dollar. Once again, the move higher was driven largely by a weaker US dollar. So how does it work? Well, if the US dollar weakens and the Australian dollar remains the same, then the AUD/USD exchange rate goes higher. The opposite is true too. If the US dollar gets stronger and the Australian dollar doesn’t change, then the AUD/USD rate will fall. In this case, the US dollar has been falling for 4 straight months. This is a big change from earlier in 2020 […]

tax on currency exchange

Tax on Currency Exchange for Travel Money and Travellers’ Cheques

If you want to exchange large amounts of money for your trip abroad, it’s natural to wonder whether you’ll be taxed and whether it’s better to exchange your foreign currency overseas. The good news is that in Australia, you don’t have to pay tax on currency exchange if you’re simply buying foreign cash for a holiday. That’s because the transaction is a one-off and the money you’re buying is for personal use. But it depends on the circumstances around your foreign exchange. There may be a small tax just on the service fee or commission. And if you’re buying traveller’s […]

American Express currency exchange

Why You Can’t Find an American Express (AMEX) Currency Exchange Store

If you have used American Express in the past to buy some travel money, you might be wondering – why can’t I find them anywhere? Well, unfortunately, American Express has stopped buying or selling currency in cash. AMEX currency exchange closed their Australian stores. They also closed their wholesale division and no longer offer customers in Australia the ability to exchange currency in cash. It happened a few years ago and it appears that they won’t return.   Alternatives to American Express currency exchange in each city There are dozens of currency exchange locations to buy travel money in Australia. […]

money overseas travel tips

The 5 Best Options to Take Money Overseas

In all likelihood, you’ll need access to the local currency while overseas. But whether you choose to pay with a credit, debit, or travel card, or whether it’s better to use cash, depends entirely on where you’re going and what you plan to do while you’re there. Some countries like Sweden operate nearly exclusively in plastic payments while others, like Vietnam, have an almost entirely cash-based economy. So what’s the best money option while travelling overseas? It could be using travel money, a prepaid travel card, or a debit or credit card, depending on your destination and itinerary. We recommend […]

how expensive is New Caledonia

How Much Spending Money to Take to New Caledonia

While Australians love visiting New Caledonia, either on a cruise or on an island getaway, there’s no avoiding it… New Caledonia is expensive. Is it still worth visiting? You bet it is. With a collection of stunning tropical islands and an intoxicating French-Melanesian culture, this South Pacific island has plenty to offer. So to make the most of your visit, you just need to budget it right from the start. New Caledonia’s official currency is the Comptoirs Français du Pacifique, commonly called the Pacific franc (CFP). A suitable daily budget for spending money in New Caledonia is between 5000 CFP […]

Australian Dollar forecasts

Why the Australian Dollar is getting stronger when the economy is on it’s knees

The AUD/USD exchange rate has risen 30% in 4 months. That is remarkable. 2020 has been a rocky ride for most currencies and markets and the Australian dollar is no different. Here are a few reasons why the Australian dollar has gotten so strong, so quickly. Overdone Part of the reason the Australian dollar bounced back so hard is that in March, it may have fallen too far. That is, during the first stages of the COVID-19 pandemic, markets sold off the AUD too hard, believing things were worse that they ended up being. On the other side of this, […]

Best Ways to Take Money to New Caledonia

The 6 Best Ways to Take Money to New Caledonia from Australia

So you’ve booked a trip to New Caledonia – either as part of an epic South Pacific cruise or as your own relaxing island getaway. And now the daydreaming is over, it’s time to sort out the nitty-gritty details – like how to carry money to New Caledonia. We understand you don’t want to miss out on any of the treasures New Caledonia has to offer (from the world’s largest lagoon to impeccable French cuisine), so we’ve created this guide to help you make the most of your savings. Avoid losing excessive amounts of your savings in the currency exchange […]