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Foreign Exchange Guide to the Heard And McDonald Islands

Latest market mid-rate: 1.0 =

Country Code:
HM
Domestic Currency:
Australian dollar
Symbol - Code:
$ AUD

In this guide we review :

  1. Australian dollar info - general info about the Australian dollar
  2. Australian dollar in the markets - recent AUD moves and predictions from the FX markets
  3. Buying Australian dollar cash online - travel money for the Heard And McDonald Islands
  4. Sending money to the Heard And McDonald Islands - save on Australian dollar bank transfers to the Heard And McDonald Islands
  5. Australian dollar exchange rates - latest info & charts.

Australian dollar (AUD) general currency information

The three letter currency code for the Australian dollar is AUD and the symbol is $. It is the domestic currency in Australia, Christmas Island, Cocos Keeling Islands, Heard And McDonald Islands, Kiribati, Nauru, Norfolk Island and Tuvalu.

The Australian dollar is the fifth most traded currency in the world, it trades in the world foreign exchange markets behind the US dollar, the euro, the yen and the pound sterling. The Australian dollar is popular with currency traders, because of the high interest rates in Australia, the freedom of the foreign exchange market from government intervention, the stability of Australia's economy and political system, and the view that the Australian dollar offers diversification benefits in a portfolio containing the major world currencies, especially because of its greater exposure to Asian economies and the commodities cycle. The currency is commonly referred to by foreign-exchange traders as the Aussie dollar.


Australian dollar (AUD) in the markets

It was an excellent end to 2017 for the Australian dollar. In the final three weeks of the year, the currency made the most of an impressive year-end rally in commodities and climbed by three cents against the US dollar, or roughly 4%, to end the year a whisker above 0.78. Things haven’t been so easy in early 2018, however.

In early 2018 (to February 15th), despite a marginal climb to 0.79 against a faltering US dollar, the Australian dollar has been broadly weak, having fallen towards multi-month or multi-year lows against the New Zealand dollar (1.0705), euro (0.635) and yen (84).

Entering 2018, most forecasts for AUD/USD for year-end lay between 0.7 and 0.75 (mostly bearish AUD). By far the most optimistic forecast came from Commonwealth Bank, which predicted the return of broad US dollar weakness and a subsequent rise in AUD/USD to 0.85.

Goldman Sachs have predicted that iron ore prices – crucial to Australia’s national income – will fall 30% in 2018. If the bank is correct, this will weigh on the Australian dollar.

Among those who will be happy with further declines in the Aussie’s value are Australian exporters and those at Australia’s central bank. In 2017, RBA statements regularly complained that AUD appreciation was contributing to “subdued price pressures in the economy” and was weighing on the “outlook for output and employment.”

The chart below shows the AUD to USD exchange rate for the previous 3 months with rate alerts for days when the exchange rate moved up or down significantly or for 30 day highs and lows.

Loading AUD/USD Chart
AUD calculator

Heard And McDonald Islands Trip Checklist   

  1. Compare AUD travel cash rates - probably why you are here!
  2. Travel insurance - for those unexpected travel adventures...
  3. Lonely Planet - world's best travel guide (coupon and deals)

Travel money for the Heard And McDonald Islands

Save money and time by Ordering your Australian dollar online from Travelex, you get better rates and can pick up the AUD cash locally or even on travel day at the airport.

Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.

For card purchases if offered a choice of currencies always select to Pay in Australian dollar otherwise you may get much worst exchange rates.

Travel Money for the Heard And McDonald Islands

Compare $AUD Cash rates


Sending money to the Heard And McDonald Islands

When sending money to the Heard And McDonald Islands it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 3 simple steps :

  1. Open an account with a BER reviewed FX provider (id docs may be required)
  2. You specify the local or Australian dollar amount you want to transfer
  3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
  4. Once your funds are received by the provider the converted AUD amount will be transfered to the recipient account you specify in the Heard And McDonald Islands.

Bank Transfers to the Heard And McDonald Islands

Compare $AUD Transfer Rates

By comparing the rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Australian dollar deposited into the recipient bank account in the Heard And McDonald Islands and less margins and fees kept by the banks!


Australian dollar - exchange rates

Major AUD cross rates
View Full List (A-Z)
1AUD=

Australian dollar News

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