Currency in Italy
A Travel Money Guide to Italy So you’re heading to the boot-shaped land that gave us pizza, pasta, gelato, tiramisu, truffles… And that’s only listing the food! There’s no doubt you’re going to have a blast in Italy. But you can make your savings go even further with a few clever choices, including how you’ll exchange currency and pay for things in Italy. What Currency does Italy use? Today, Italy uses the euro. It is a part of the eurozone – the region of European countries that use the euro as their official currency. The Vatican City also uses […]
Currency in Ireland
A Travel Money Guide to Ireland You’re finally making it to the Emerald Isle, but part of planning your trip to Ireland involves sorting out the currency. And that’s where things get tricky. With two separate currencies across the Republic of Ireland and Northern Ireland, it’s natural that you’re confused. So we’ve covered all the info you need to get you up to speed just in time for your trip: What Currency does Ireland use? It’s not as straightforward as you might think. Ireland is in fact split up into the Republic of Ireland and Northern Ireland. The Republic […]
Currency in Greece
A Travel Money Guide to Greece Famous for the Acropolis, Mt Olympus, the white and blue rooftops of Santorini, and cruises through the Greek islands under a dark blue sky, Greece is easily one of our favourite holiday destinations. And if you’ve worked for this trip, there’s no doubt you’ll want to stretch the savings as far as they’ll go. What currency does Greece use? By far, the most widely used currency across all of Greece is the Euro. Interestingly, the currency sign for the euro (€) resembles the Greek letter epsilon (Ɛ). The currency code for the euro […]
Currency in France
A Travel Money Guide to France France is rarely missed on a trip to Europe and so learning about the French currency is important. With the The Eiffel Tower, The Louvre, Notre-Dame and the Palace of Versailles, France is full of places to visit. There’s no doubt you’re going to fall in love with in France. But you can make your savings go even further with a few clever choices, including how you’ll exchange currency and pay for things in France.
Currency in Finland
A Travel Money Guide to Finland Away from the well-trodden tourist track, Finland remains a shining gem to discover. Beyond its spectacular Northern Lights shows, its heavily forested lands, and its sauna traditions, most of us don’t know much else about Finland. So now you’ve got your itinerary locked in and you’re ready to discover this wonderful country, it’s time to get up to speed on all things money-related in Finland. What currency is used in Finland? The official currency of Finland is the monetary unit of the European Union: the Euro. The euro was introduced to Finland in […]
Currency in Estonia
A Travel Money Guide to Estonia It might be a small country but Estonia packs plenty into its charming old towns, stunning islands, and sandy beaches. Of course, you’ll want your money to go far. And it hurts to squander savings on unnecessary fees and poor exchange rates just to pay for things overseas. What Currency does Estonia use? The official currency of Estonia is the euro, commonly written as the currency code EUR or with the sign €. One euro is a base unit, made up of 100 cents. Estonia joins many other European countries in writing its […]
Currency in Holland
A Travel Money Guide to Holland You’re finally heading to the Netherlands (also called Holland). You’ll have a chance to explore the canals of Amsterdam, photograph windmills, browse cheese markets, stroll through tulip fields, and visit the artworks of the Old Dutch Masters. What currency is used in the Netherlands? The official currency in holland and currency of the Netherlands is the Euro. The Netherlands adopted the euro as the official currency in 2002. Eighteen other European Union members have adopted the euro as legal tender, making up what is commonly called the eurozone. The euro is commonly written […]
Currency in Cyprus
A Travel Money Guide to Cyprus A small island that is famous for its stunning coastline and its ancient history, Cyprus has a lot to offer. If you’re heading to Cyprus, you can stretch your budget by making a few simple, clever changes to the way you pay overseas. What currency is used in Cyprus? The official currency of the Republic of Cyprus is the Euro, the European Union monetary unit adopted by 18 other EU countries, collectively called the eurozone. The euro replaced its old Cypriot currency – the Cypriot pound – in 2008. The common symbol for […]
Australian Dollar rises off the canvas after the RBA keeps rates on hold
In short The RBA left interest rates on hold The statement that followed the decision was upbeat, helping the Australian dollar rise More reports and speeches from the RBA later in the week Time Open Low High Today 0.6737 In the last week 0.6684 0.6777 In the last month 0.6684 0.6955 The Aussie Dollar bounced back from 10 and a half year lows on Monday to move higher on Tuesday. The local currency bounced as soon as the RBA announced that official interest rates would remain at 0.75%. What helped drive the Australian dollar higher was the upbeat statement that […]
Currency in Belgium
A Travel Money Guide to Belgium Belgium has made a huge impact on the gastronomical scene, from chocolate and beers to Belgian fries and waffles. But there aren’t just gourmet delights to savour. This little country is home to beautiful castles and forts, famous battlefields, charming towns like Ghent and Bruges, and the unofficial capital of the European Union: Brussels. What currency is used in Belgium? The euro is used in Belgium and has been the official currency ever since it replaced the Belgian franc on 1 January 1999. Belgium joins 19 other countries in the eurozone – the region […]
The Australian Dollar sinks ahead of RBA meeting on Tuesday
In short The AUD/USD sinks below 67 cents for the first time in almost 11 years AUD/EUR is just above 0.6000 and the AUD/GBP just above 0.5000 The RBA meeting on Tuesday Time Open Low High Today 0.6686 In the last week 0.6686 0.6816 In the last month 0.6841 0.6955 It’s shaping up as another tough week for the Australian dollar. At the end of last week, the AUD kept falling. As soon as markets opened Monday morning, the trend continued as the AUD/USD hit a fresh 10 year low below 67 cents. The AUD/EUR remains just above 0.6000 while […]
Australian dollar falls close to its lowest point in over 10 years
In short The Australian dollar fell again overnight The AUD/USD is close to it’s lowest point in 11 years The local currency is also falling against the Euro, Japanese Yen, British Pound and New Zealand Dollar Time Open Low High Today 0.6716 In the last week 0.6704 0.6853 In the last month 0.6704 0.7046 The Australian dollar hit 0.6704 this morning against the US dollar. While the AUD has been falling for a while, it hasn’t been this low in almost 11 years. The AUD to USD exchange rate is at it’s lowest point since the Global Financial Crisis in […]
Surprise reaction to inflation data as interest rate cuts look unlikely
In short Strong inflation data released in Australia yesterday Markets now pricing almost no chance of an interest rate cut in February Inflation could increase as a result of the Australian bushfires Time Open Low High Today 0.6749 In the last week 0.6738 0.6877 In the last month 0.6738 0.7046 Yesterday, inflation figures released to the market failed to move the Australian dollar exchange rate. The figures implied that inflation has stopped falling. Despite this, it still remains below the RBA’s target of 2-3%. Why inflation figures can have an impact on the Aussie dollar One of the biggest […]
How the Coronavirus is impacting the Australian Dollar
In short The Coronavirus or COVID-19 has had a negative impact on the Australian dollar in many different ways Markets are reacting in a similar way to the SARS outbreak As the threat increases, the AUD is likely to remain under pressure Time Open Low High Today 0.6762 In the last week 0.6741 0.6877 In the last month 0.6741 0.7046 The Australian dollar has once again fallen on fears of the coronavirus spreading further. Here’s how it has performed in the last week: The AUD to USD exchange rate is down 1 cent to 0.6764 The AUD to EUR exchange […]
Australian Dollar unmoved by US China trade deal
In short Phase 1 of the US China Trade deal gets signed There has been little reaction on currency markets AUD/USD trades either side of 69 cents Time Open Low High Today 0.6906 In the last week 0.6850 0.6951 In the last month 0.6841 0.7046 The Australian dollar has failed to continue higher after its strong start to the week. The local currency has drifted sideways, trading just above and below 69 US cents. The AUD is not alone though. Most currencies have had a quiet week with little volatility. Overnight, the first phase of the US China trade deal […]
Australian Dollar opens the week higher against most major currencies
In short The Australian dollar rose on Friday night It has opened higher against the US Dollar (USD), Euro (EUR), British Pound (GBP), Japanese Yen (JPY) and New Zealand Dollar (NZD) Chinese GDP data out on Friday Time Open Low High Today 0.6900 In the last week 0.6850 0.6957 In the last month 0.6841 0.7046 The Australian dollar has opened up agains most major currencies this morning following a strong Friday night. The move higher in the AUD to USD exchange rate was largely driven by a weaker US dollar. Non Farm Payroll figures came on Friday night. They are […]
Aussie dollar drops 1 cent in the first week of 2020
In short AUD/USD started the year above 70 cents but has fallen below 69 cents The move is largely because of a stronger US dollar The Australian dollar has also fallen against the other major currencies Time Open Low High Today 0.6869 In the last week 0.6861 0.7046 In the last month 0.6802 0.7046 This morning ,the Australian dollar has opened lower agains the US dollar, Euro, Japanese Yen and British Pound. Yesterday, ANZ Job Advertisement figures showed a sharp drop of over 6% in December. These figures are considered a ‘leading indicator’. In this case if the number of […]
The Australian Dollar opens 2020 above 70 cents but then falls
In short AUD/USD finishes 2019 just above 70 cents A stronger US dollar sends it lower in early January Forecasts for the Australian dollar in 2020 predict a lower exchange rate Time Open Low High Today 0.6942 In the last week 0.6932 0.7046 In the last month 0.6802 0.7046 The Australian dollar had a strong end to 2019, hitting a 6 month high above 70 cents on the last day of the year. With holidays in most major markets, it has been a slow start to the calendar year. The AUD/USD exchange rate has fallen back below 70 cents as […]
