Foreign Exchange Guide to Christmas Island

This currency guide to Christmas Island helps you choose the best way to save money on USD transfers and travel money.    [AUD/USD=0.6828]

 
Christmas Island
Country Code:
CX
Domestic Currency:
Australian Dollar
Symbol - Code:
A$ AUD
Telephone Prefix:
+6189164

This is a foreign exchange guide to Christmas Island, the Australian Dollar currency plus sending AUD transfers and travel tips.


In this Christmas Island currency guide we take a look at :

  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. Travelling in Christmas Island - currency & money saving tips
  4. Buying Australian Dollar cash online - travel money for Christmas Island
  5. Sending money to Christmas Island - save on Australian Dollar bank transfers to Christmas Island
  6. Australian Dollar exchange rates - latest & historic exchange rates.
  7. AUD News - the latest Australian Dollar related articles from our blog.

Australian Dollar (AUD) general currency information


What is the Australian Dollar currency code and symbol?

The three letter currency code for the Australian Dollar is AUD and the symbol is A$.


Which countries use the Australian Dollar?

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 and 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

The threat of proxy war between the US and Iran in Iraq has pared back some of the gains the Aussie had made coming into the New Year.

The Australian dollar had started the new decade strongly climbing to multi-month highs helped along by cooling trade tensions between the United States and China and optimism for global economic growth in the year ahead.

The Aussie broke back over US70 cents on the final day of 2019 — a level not seen since mid year. During December the Australian dollar reversed direction (again) and climbed steadily back up against the US dollar on the back of the strength of the housing market and a market perception that further interest rate cuts were less likely. In November it had been all downhill traffic for the Aussie dropping back from highs close to 70c at the beginning of the month to around 67c against the USD by month end.

At the end of October the AUD had surged to a three month high against the US dollar following the third rate cut in a year by the US Federal Reserve. The gains were mainly due to the fall in the US dollar after the market sensed that US rates are more likely to rise now than fall further.

The RBA also added to the positive sentiment with an optimistic assessment of easing risks from the US-China trade war and Brexit. Accordingly markets are pulling back from bets that the cash rate will drop to 0.5 per cent and the possible start of quantitative easing.

Interestingly, AUD has decoupled from commodity prices in 2019. The price of iron ore (Australia’s largest export) nears multi-year highs while AUD languishes.

Further RBA interest rate cuts this year are now a certainty, and that doesn’t bode well for currency valuations.

For AUD forecasts and predictions read our Australian Dollar Forecasts report.

For more details read the full article Australian Dollar Forecasts.

The interactive chart below shows the AUD to USD exchange rate and trend for the previous 3 months:

ALERT: 30-DAY LOWS 🔔 |
AUD/USD at 0.6822 is trading 0.6% below the 90-day average 0.6862 with a range 0.6753 to 0.7017. ALERT: AUD/USD has dropped to 30-DAY LOWS.
24-Jan-2020 16:NY 21:LON 08:SYD+1d

Travel, Currency and Money saving tips for Christmas Island

 

Travel money for Christmas Island

 

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.

   

Christmas Island 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)

Sending money to Christmas Island

When searching around for information on how to get a good exchange rate when sending money to Christmas Island you need to start with finding out the latest Australian Dollar foreign-transfer exchange rate.

Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much you can save (we make that calculation easy here).


Get a better deal for foreign transfers to Christmas Island

When sending money to Christmas Island 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 4 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 Christmas Island.

Use our Send to AUD calculator to compare the exchange 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 and less margins and fees kept by the banks!

   

Bank Transfers to Christmas Island

Compare Transfer Rates

 

Australian Dollar to United States Dollar - Historical Rates

PeriodChange*AUD/USDDate
1 Day-0.4%0.684723 Jan 2020
7 Day-0.7%0.687417 Jan 2020
30 Day-1.5%0.692525 Dec 2019
3 Month0%0.682226 Oct 2019
1 Year-3.8%0.709324 Jan 2019
5 Year-13.4%0.787825 Jan 2015
10 Year-23.9%0.896926 Jan 2010

*For period to 24-Jan 21UTC when AUD/USD was 0.6823

Australian Dollar to Euro - Historical Rates

PeriodChange*AUD/EURDate
1 Day-0.1%0.619423 Jan 2020
7 Day-0.2%0.619817 Jan 2020
30 Day-0.9%0.624225 Dec 2019
3 Month+0.5%0.615726 Oct 2019
1 Year-1.3%0.627024 Jan 2019
5 Year-12.5%0.707025 Jan 2015
10 Year-2.9%0.637326 Jan 2010

*For period to 24-Jan 21UTC when AUD/EUR was 0.6187

Australian Dollar to British Pound Sterling - 10 Year History

PeriodChange*AUD/GBPDate
7 Day-1.2%0.528117 Jan 2020
30 Day-2.3%0.533925 Dec 2019
3 Month-1.9%0.531926 Oct 2019
1 Year-3.5%0.540624 Jan 2019
5 Year-0.6%0.525025 Jan 2015
10 Year-6.2%0.556126 Jan 2010

*For period to 24-Jan 21UTC when AUD/GBP was 0.5218

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