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Foreign Exchange Guide to the Cocos Keeling Islands

This currency guide to the Cocos Keeling Islands helps you choose the best way to save money on USD transfers and travel money.    [AUD/USD=0.6817]

 
Cocos Keeling Islands
Country Code:
CC
Domestic Currency:
Australian Dollar
Symbol - Code:
A$ AUD
Telephone Prefix:
+6189162

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


In this the Cocos Keeling Islands 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 the Cocos Keeling Islands - currency & money saving tips
  4. Buying Australian Dollar cash online - travel money for the Cocos Keeling Islands
  5. Sending money to the Cocos Keeling Islands - save on Australian Dollar bank transfers to the Cocos Keeling Islands
  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

At the end of October the AUD 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. Westpac has predicted three cuts this year.

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:

At 0.6816 AUD/USD is trading near the average for 90 days, with range 0.6704 to 0.6919. There are no current alerts. Updated: 08:01-AEDT 21:01-GMT 16:01-EST

Travel, Currency and Money saving tips for the Cocos Keeling Islands

 

Travel money for the Cocos Keeling 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.

   

the Cocos Keeling Islands Trip Checklist    

 
  1. Compare AUD travel cash rates - probably why you are here!
  2. Search Hotel deals - Save on your accomodation in the Cocos Keeling Islands
  3. Travel insurance - for those unexpected travel adventures...
  4. Lonely Planet - world's best travel guide (coupon and deals)

Sending money to the Cocos Keeling Islands

When searching around for information on how to get a good exchange rate when sending money to the Cocos Keeling Islands 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 the Cocos Keeling Islands

When sending money to the Cocos Keeling 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 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 the Cocos Keeling Islands.

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 the Cocos Keeling Islands

Compare Transfer Rates

 

AUD/USD - Australian Dollar to United States Dollar - Historical Rates

PeriodChange*AUD/USDDate
1 Day+0.4%0.678714 Nov 2019
7 Day-0.7%0.686208 Nov 2019
30 Day+0.9%0.675616 Oct 2019
3 Month+0.5%0.678017 Aug 2019
1 Year-6.3%0.727015 Nov 2018
5 Year-22.2%0.876516 Nov 2014
10 Year-26.6%0.928417 Nov 2009

*For period to 15-Nov 21UTC when AUD/USD was 0.6815

AUD/EUR - Australian Dollar to Euro - Historical Rates

PeriodChange*AUD/EURDate
1 Day+0.1%0.615914 Nov 2019
7 Day-1%0.622708 Nov 2019
30 Day+1%0.610116 Oct 2019
3 Month+0.9%0.611117 Aug 2019
1 Year-4%0.641915 Nov 2018
5 Year-11.9%0.699916 Nov 2014
10 Year-1.2%0.624117 Nov 2009

*For period to 15-Nov 21UTC when AUD/EUR was 0.6165

AUD/GBP - Australian Dollar to British Pound Sterling - 10 Year History

PeriodChange*AUD/GBPDate
1 Day+0.2%0.526814 Nov 2019
7 Day-1.7%0.537108 Nov 2019
30 Day+0.2%0.527016 Oct 2019
3 Month-5.4%0.558017 Aug 2019
1 Year-7.3%0.569515 Nov 2018
5 Year-5.6%0.559416 Nov 2014
10 Year-4.5%0.552817 Nov 2009

*For period to 15-Nov 21UTC when AUD/GBP was 0.5281

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