The Australian Dollar rises above 75 cents as inflation increases
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 […]
Heading to Japan? The AUD to JPY just hit a 3 year high
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 […]
Why the Australian dollar is so weak against these major currencies
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 Japan 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 […]
2022 AUD NZD Dollar Forecasts
This article looks at what the banks are predicting for the AUD to NZD exchange rate over the long term in 2022.
Crown Currency vs S Money
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 […]
3 Trustworthy Alternatives to Crown 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
Currency in Europe
A Travel Money Guide to 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 like The average […]
When is the Best Time to Buy British Pounds with Australian dollars?
In February 2023, the AUD – GBP briefly reached 0.578837, making it the best time to buy British Pounds with Australian dollars. The low point for the exchange rate (or the worst time to buy British Pounds) in the last 12 months came on August 20, 2023 when it dropped to 0.501086. 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 more […]
The Best (and Worst) Time to Buy NZ Dollars with Aussie Dollars
In the last 12 months, the best time to exchange AUD to NZD, was on June 20, 2023 when the AUD/NZD exchange rate reached 1.1047 compared with the current rate of . In contrast, the worst time was on May 23, 2023 when it plunged to 1.0578. 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 Australian dollars you have. To work […]
The Best (and Worst) Time to Buy Japanese Yen with Aussie Dollars
The best time to buy Japanese Yen with Australian dollars in the last 12 months was on November 16, 2023. This is because the AUD/JPY hit 98.477. The same applies to anyone transferring money to Japan. In contrast, the worst time in the past year was on March 25, 2023. The same rate bottomed out at 86.79 compared with the current rate of . 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 […]
The Best (and Worst) Time to Buy US Dollars with Aussie Dollars
If you are travelling overseas from Australia, the best time to buy US dollars with Australian dollars in the last year was on February 2 2023. This is because the AUD/USD peaked at 0.7145 and has fallen slowly since. The same applies to anyone transferring money overseas in US dollars. On the other side of the coin, the worst time to buy US dollars was on October 16 2022 when the AUD/USD briefly touched 62 cents. This is just lower than the currency rate of . In general, if you are buying US dollars with Australian dollars, you want the […]
How Much Spending Money You’ll Need in NZ for 1, 2 or 4 weeks
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 […]
How Much Spending Money You’ll Need in the UK for 1, 2 or 4 Weeks
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 £135 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.
4 Safe Alternatives to ANZ Foreign Currency Exchange
This year, ANZ discontinued offering a service to exchange foreign currency banknotes and coins. It means there are now only 4 Australian banks offering currency exchange as a service. While it has left a lot of ANZ customers looking for an alternative, luckily, there are plenty of safe options that are easier and cheaper than ANZ was. Here are 4 of the best: S Money Crown Currency Travelex Travel Money Oz
Why You Can’t Find a Travel Money Oz Stores in 2021
If you have used Travel Money Oz in the past to exchange money, you might be wondering – why can’t I find them anywhere? Well, the latest update from Travel Money Oz indicated that all their stores are closed until further notice. Unfortunately, this is a similar story with many currency exchange brands and even ANZ bank, choosing to pause or permanently close their operations. At this stage, the closure of retail operations seems to be temporary. According to their site: How long will my nearest store be closed for? The short answer is we are unsure. This is an […]
2022 AUD USD Dollar Forecasts
This article looks at what the banks are predicting for the AUD to USD exchange rate over the long term in 2022.
2022 Australian Dollar (AUD) Forecasts
This article looks at what the banks are predicting for the Australian dollar (AUD) over the long term in 2022.
Easily the 3 Best Ways to Buy Foreign Currency
There are many different ways to buy currency in Australia but a lot of them are expensive, unsafe, slow and full of hidden costs. Often, the best way to buy foreign currency will depend on your situation. The top ways to buy foreign currency are: Ordering online – either delivery or click and collect. In person – usually the most competitive deals are at money exchangers in the city. Overseas – sometimes it’s cheaper to buy it after you’ve landed. So which way is best for you? Have a look at the pros and cons of each option and work out which […]
