Hello everyone. I’m @olivertomolife and I’ve studied abroad in Sydney!
There is a problem that many people have when traveling to Australia, what do you think it is?
Many people wonder about when should be change currency which is the timing.
In this article, I’m going to introduce you to a wide range of topics, including when to convert your Australian dollars and how to travel without converting them!
If you are planning to travel to Australia, this is a must-see!
I studied abroad in Sydney for a year starting in 2018. Now I am writing a blog about that experience.
By reading this post, you’ll get to know about the Australian dollar!
Should I exchange my Australian dollars before I travel?
In conclusion, Australian dollars should not be exchanged for cash before you travel.
Because if you do, you will receive a smaller amount depending on the exchange rate.
Therefore, you should always exchange your currency after you have arrived.
Also, it is a good idea to check with the banks at the airport, as they may have different exchange fees.
What if I want to change my currency?
If you really want to exchange your currency in advance, you can do so at the airport.
You can reduce your losses by looking at the respective banks and choosing the best exchange rate.
However, you will definitely lose money, so I recommend you to exchange your currency locally whenever possible.
What is the Australian dollar?
The Australian dollar is the name of the currency used in Australia, and is also used in other countries such as Nauru, Tuvalu, and Kiribati.
The banknotes are printed on plastic sheets and have the advantage of being usable for a long time.
Looking at the Japanese yen vs. the Australian dollar over the past 10 years, the yen weakened to 100 yen per dollar in 2013, making it more expensive to travel from Japan.
However, starting from 2015, the yen has been appreciating, making it cheaper to travel from Japan.
In terms of the US dollar versus the Australian dollar, it was more expensive from 2018 to March 2020, but since then it has been less expensive.
How can I travel without converting my currency?
There are two ways to travel: using a credit card or withdrawing money from a local ATM.
Be very careful when using credit cards, as there is a high risk of misuse.
When using an ATM, make sure that the machine is not trapped.
In order to protect your valuable assets, you should always be careful.
- Australian dollars are recommended to be exchanged locally.
- You can travel with your own credit card, but there is a risk of misuse.
- Check the amount of money when you exchange
I introduced the Australian dollar should be exchanged for cash before traveling!
I’ll be posting more information about Australia in the future, so stay tuned!
Thank you for reading to the end!