The strong Australian dollar makes overseas travel very appealing right now, but which destinations have seen the biggest improvement? A ranking of how much the Australian dollar has gained since April 2009 by OzForex suggests that it’s a very close-run battle between Europe and the USA.
Picture by Watchsmart
Over that time period, the Australian dollar has gained 43 per cent relative to the Euro, and 42 per cent relative to the US dollar. Of course, gains are only one part of the story; the Thai baht has gained 24 per cent, and since Thailand was already a relatively affordable destination, that makes it especially good value.
While currency gains can be helpful, they shouldn’t be the only reason to plan a holiday. That said, buying up currency at an advantageous moment once you do have a trip scheduled makes sense. (Unsurprisingly, that’s an option offered by the OzForex prepaid travel card we reported on earlier in the week.)
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