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 AUD transfers and travel money.    [HKD/AUD=0.1884]

 
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

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 HKD to AUD exchange rate and trend for the previous 3 months:

HKD/AUD at 0.1885 is trading 1% above the 90-day average 0.1866 with a range 0.1829 to 0.1889. There are no current rate alerts.
24-Jan-2020 16:NY 21:LON 08:SYD+1d

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. 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!

 
Foreign Transfer ProvidersReceive AUD(A$)Exchange RateFee HKDTotal CostDeal Links
WorldFirst logo
A$9,3500.18700.48%
OFX logo
A$9,1900.18380 for BER users (normally $15)2.18%
DBS Bank logo
A$9,090.90.182503.24%
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo
A$8,9930.1800554.28%
HSBC logo
A$8,965.630.1796HK$804.57%
Citibank International Money Transfers
Citibank logo
A$8,922.860.1785125.03%
WorldRemit logo
Your amount above the WorldRemit HKD2000 maximum
 
WorldFirst logo
WorldFirst: Foreign Transfer HKD→AUD
From Amount (HKD)HK$50,000
Fee:
Exchange Rate:0.1870 (0.48% from mid-rate)
To Amount (AUD) A$9,350
Total Cost:0.48%
Time:1:06 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 
OFX logo
OFX: Foreign Transfer HKD→AUD
From Amount (HKD)HK$50,000
Fee:0 for BER users (normally $15)
Exchange Rate:0.1838 (2.18% from mid-rate)
To Amount (AUD) A$9,190
Total Cost:2.18%
Difference:
A$160 AUD less than using WorldFirst
Time:
Rate Fetched: Fri Jan 24 2020 00:16:18 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
DBS Bank logo
DBS Bank: Foreign Transfer HKD→AUD
From Amount (HKD)HK$50,000
Fee:50
Exchange Rate:0.1820 (3.14% from mid-rate)
To Amount (AUD) A$9,090.9
Total Cost:3.24%
Difference:
A$259 AUD less than using WorldFirst
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer HKD→AUD
From Amount (HKD)HK$50,000
Fee:55
Exchange Rate:0.1805 (3.94% from mid-rate)
To Amount (AUD) A$8,993
Total Cost:4.28%
Difference:
A$357 AUD less than using WorldFirst
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
HSBC logo
HSBC: Foreign Transfer HKD→AUD
From Amount (HKD)HK$50,000
Fee:HK$80 HKD (Minimum fee)
Exchange Rate:0.1796 (4.42% from mid-rate)
To Amount (AUD) A$8,965.63
Total Cost:4.57%
Difference:
A$384 AUD less than using WorldFirst
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Citibank logo
Citibank: Foreign Transfer HKD→AUD
From Amount (HKD)HK$50,000
Fee:12
Exchange Rate:0.1785 (5% from mid-rate)
To Amount (AUD) A$8,922.86
Total Cost:5.03%
Difference:
A$427 AUD less than using WorldFirst
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
WorldRemit logo
WorldRemit: Foreign Transfer HKD→AUD
From Amount (HKD)HK$50,000
Fee:
Transfer Speed:1 day
Services:Bank Transfers & Cash Pickup - Online only
Rating:
 
: 4.5/5.0
Reviews:
 
Snapshot 01/24/2020 - See full table
 

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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