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Justin Rampono
Articles written by Justin Rampono
When is the best time to buy euros with Australian dollars?
If you are travelling to Europe from Australia, the best time to buy euros with Australian dollars in the last year was in June 29, 2024. This is because the AUD/EUR peaked at 0.6236 after steadily rising for the previous 10 months. On the other hand, the worst time to buy euros in the last 12 months was only a few weeks after the peak, on August 5, 2024 when the exchange rate hit 0.5860. As a rule of thumb, if you are buying euros with Australian dollars, you want the AUD/EUR exchange rate to be as high as possible. […]
Using Money in the USA
You’ve got that epic holiday in the US planned. Naturally, you want your money to go as far as possible. This guide provides you with a thorough overview of how to take and spend money to the US so you know not just the ins and outs of the greenback but also how to get the best value during your time Stateside. In this guide, you’ll find info on: Using Cards Using Cash The Best of Both Worlds: Using Cash AND Card!
Will the Australian dollar fall any lower in 2020?
In the first 3 months of 2020, the Australian dollar has fallen an amazing 15 cents from above 70 cents to 55. Now that it has recovered back above 60 cents, will it fall any further this year? Surprisingly, most bank forecasts have the Australian dollar slightly higher towards the middle and back end of 2020. So while it may fall further, it could still recover by the end of the year. While there are several reasons for the fall in the Australian dollar, they all have one thing in common – the coronavirus. Some of the reasons include: A […]
Travelex vs Travel Money Oz vs S Money
Travelex, Travel Money Oz and S Money all 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 […]
Can you get coronavirus from handling foreign currency notes and coins?
The COVID-19 pandemic has swept across the world, making it hard to work out what is safe to touch without risk of contracting the coronavirus. If you need to handle bank notes or coins from overseas, can you be sure it’s completely safe? How long Coronavirus lasts on different surfaces depends on the material you are touching. Touching a surface made of copper is different to touching plastic or cardboard. Research from the University of California (UCLA) has given some insight into how long the virus remains on different surfaces. They discovered that COVID-19 was still detectable on different […]
AUD in GFC style freefall dropping 10 cents in 10 days
In short The AUD is collapsing against the US dollar, Euro and Yen Money is flooding into US dollars as investors seek the safety of ‘safe haven’ assets The Australian dollar has reached parity with the New Zealand dollar Time Open Low High Today 0.5739 In the last week 0.5530 0.6315 In the last month 0.5530 0.6710 The Australian dollar is in free fall. In scenes reminiscent of the Global Financial Crisis, the Aussie dollar crashed to 55 cents before making a minor recovery to end the day just above 57 cents. The AUD to USD exchange rate has fallen […]
