AUD reaches high levels against the USD

Huge savings in the piggy bank, overflowing with cash on pink background
By laurencroft


PSA: if you’re heading to the US anytime soon, grab yourself some US dollars ASAP.

Or even if you aren’t headed there anytime soon, still grab yourself some US money, because the Aussie dollar is at a two-year high against the US dollar, and it won’t last long.

The Aussie dollar has been soaring above exchange rates recently, almost breaking records against the New Zealand dollar last week.

And now, Aussies buying the USD are over six per cent better off than they were three months ago, according to Travel Money Group.

General Manager of the foreign currency exchange group, Kelly Spencer, said that due to this high exchange rate, the attractiveness of the USA is better than ever for Aussie travellers.

“We haven’t seen the AUD-USD rate at this level since May 2015. The demand for the USD in our Travel Money Oz stores is also reflecting this high we’re seeing in the markets. Our store enquiry for the USD is through the roof.

“The USA is consistently in the top three countries for Australian travellers with over a million Aussies visiting each year and now we are seeing them getting even greater value for their travel dollar,” she said.

And with the AUD-USD at the highest it’s been in over two years, Spencer recommends you lock this rate down super fast.

“It’s definitely a great time to lock in your rates if you’re travelling to the USA, or simply countries that accept USD, especially with the forthcoming school holiday period — or even if you’re travelling later in the year,” she said.

So to secure this excellent rate right now, you can buy US cash online and collect it from any Travel Money Oz store, or load funds onto a pre paid travel money card. Happy travelling!

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