foreign currency

Currency in Turkey

Currency in Turkey

A Travel Money Guide to Turkey The Republic of Türkiye (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.   The currency that is used in Turkey / Republic of Türkiye The currency they use in Turkey is the Turkish Lira.  It is used by both locals and tourists. While most shop keepers in popular destinations like Istanbul will accept US dollars and […]

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

A Travel Money Guide to 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.   The currency used in India The currency they use in India is the Indian Rupee, which has the international code INR and the symbol ₹. Indian Rupee banknotes have 7 denominations: ₹5, ₹10, ₹20, ₹50, ₹100, […]

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 […]

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 […]