Let's see which countries the Australian dollar will stretch the furthest for your next holiday!
If you’ve got deep FOMO from watching all your friends’ euro summer insta stories, it might be time to plan your own holiday!
While most people obsess over cheap flight deals, there’s another way to make your holiday budget stretch even further… a favourable exchange rate.🤑
When the Aussie exchange rate is strong, it means you’ll get more bang for your (Aussie) buck, compared to travelling to the same place when the AUD is weak.
So we’ve done the research for you and compiled a list of 3 holiday destinations where the AUD has gotten stronger over the past 12 months, and 3 places you might want to reconsider.
India (AUD/INR)
Fancy visiting the Taj Mahal, one of the seven wonders of the world? Trekking across the Himalayas, or going on a self discovery yoga retreat? India is home to both beautiful naturescapes and bustling cities.
Best of all, the AUD/INR exchange rate has gone up by 3.13% in the past 12 months - do we hear another food tour?
America (AUD/USD)
Whether you’re a city person at heart (hello New York, San Fran, LA) or you’ve been daydreaming about a road trip through the Grand Canyon - now might be the time to tick America off your bucket list!
Although the US is not a particularly cheap travel destination for us Aussies (plus taxes plus tips on each purchase), timing your travels with an increased AUD/USD exchange rate of 0.67% could help your dollar go further!
But in the past 6 months, the AUD/USD has jumped nearly 4.5%, which does make a trip to the US slightly more palatable.
Indonesia (AUD/IDR)
If you’re craving a tropical escape with just the right amount of city, Indonesia’s got everything from beach clubs, to rice fields, to mountains and beautiful island beaches. Not to mention, some of the best fried rice (nasi goreng) in the world!
If you need any other reason to book your third Bali trip, the AUD/IDR exchange rate has gone up by 0.41% in the past year.
Thailand (AUD/THB)
Thailand was a popular holiday destination for Aussies even before the White Lotus Season 3 cast arrived! But you might want to wait another year for that delicious mango sticky rice because the AUD/THB is down by 11.06% in the past 12 months.
Europe (AUD/EUR)
Tempting as it is because of all the euro summer posts you’re probably seeing on social media right now, Europe is especially exxy for Aussies after the AUD/EUR dropped 7.83% this past year. If you wait a little for the currency to improve, you could afford some extra cocktails when you go!
Japan (AUD/JPY)
It’s hard to say no to cherry blossoms and unlimited fresh sushi but this popular holiday destination is also more exxy right now, with the AUD/JPY down by 6.21% in the last 12 months. Your skincare and matcha haul might need to wait a little longer…
In saying that, over the past 5 years, the AUD/JPY is still up 29.11% - meaning its nearly 30% cheaper to travel to Japan compared to 2020.
Whether you’re sipping chai in India, chasing sunsets in Bali, or road-tripping through the US, a favourable exchange rate means you can do more, see more, and splurge a little without the guilt.
When the world is full of incredible places just waiting to be explored, timing your travels with a strong Aussie dollar is one of the smartest ways to make the most of your holiday budget ✈️💸
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