Top 5 places to get more bang for your buck

Top 5 places to get more bang for your buck

Looking for a holiday this spring but money is a bit tight?

Well you don’t need to give up your dream of a getaway, just pick a destination where your Aussie dollar goes further.

easyMarkets Chief Market Analyst Anthony Darvall has revealed the top 5 places your AUD will go the furthest.

 

1. UK

The UK should be top of the list for Australian travellers this spring. Since the Brexit vote on June 23, the GBP/AUD has fallen from 1.95 to 1.69 – that’s 14% in the last 2 months. Australians need to take advantage of this exchange rate, particularly considering how expensive trips to the UK have been historically.

 

2. US

Las Vegas Welcome Sign 3/30/11

For travellers considering a US holiday, the AUD has rallied this year against the US Dollar. The Australia Dollar has rallied this year against the US Dollar, and even the RBA cutting rates has failed to reverse the grind higher. easyMarkets indicates that the AUD/USD has rallied from 0.6900 in January to 0.7700 currently, and there is expectations of 0.8000 by Christmas.

 

3. Turkey

Istanbul Blue Mosque Viator_User_Generated_81542

Since the failed coup attempt in July, the Turkish Lira has been under pressure as global investors withdraw to avoid the volatile political environment. If you’re thinking about going to turkey, your AUD will buy you 10% more if you travel now compared to January.

 

4. Mexico

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The Mexican peso has fallen sharply this year as oil prices have fallen and the nation’s central bank cut rates. easyMarkets says the amount of pesos you could buy has increased from 12.5 in January to 14.2 currently.

 

5. Azerbaijan

iStock_Azerbaijan

This small country on the Caspian Sea created waves in December last year when its currency, the Manat, lost 32% of its value after it moved to a floating exchange rate.  AUD/AZN has rallied from 0.700 in December last year to 1.22 currently. This means your Aussie dollar will buy you 70% more now than last year.

Email the Travel Weekly team at traveldesk@travelweekly.com.au

easyMarkets

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