Foreign Exchange Guide to the Heard And McDonald Islands
The domestic currency in the Heard And McDonald Islands is the Australian dollar with currency code AUD. Read this foreign exchange guide to the Heard And McDonald Islands and the Australian dollar with money transfer and travel tips plus Australian dollar exchange cross rates.
In this guide we review :
- Australian dollar info - general info about the Australian dollar
- Australian dollar in the markets - recent AUD moves and predictions from the FX markets
- Travelling in the Heard And McDonald Islands - currency & money saving tips
- Buying Australian dollar cash online - travel money for the Heard And McDonald Islands
- Sending money to the Heard And McDonald Islands - save on Australian dollar bank transfers to the Heard And McDonald Islands
- Australian dollar exchange rates - latest & historic exchange rates.
Australian dollar (AUD) general currency information
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".
What is the Australian dollar currency code and symbol?
The three letter currency code for the Australian dollar is AUD and the symbol is $.
Which countries use the Australian dollar?
Australian dollar (AUD) in the markets
The Australian dollar took a hit in February and March, during which it gave up 4% of its value against the US dollar, and it continues to struggle in April.
In the third week of April, a rather dovish set of RBA meeting minutes eliminated gains made during a modest recovery period earlier in the month and the Aussie was once again in the mid-0.76s versus USD – it had been as high as 0.813 in January – and was close to long-term lows against the euro, in the low 0.62s.
Over the medium term, the Australian dollar is likely to receive support from commodities, which will continue to rally according to a PIMCO analyst. Speaking in April, the analyst said that commodities “would shine” given the transition to an environment in which low and stable inflation is preferable.
Any support lent by commodities will, however, be offset by a central bank that sees little reason for a near-term increase in interest rates and by uncertainties surrounding a potential US-China trade war. Trade tensions were at least eased when at the Boao Forum in April, Chinese President Xi Jinping spoke of the need to ease tariffs and further open up China’s economy.
In March, the median estimate of analysts polled by Reuters had AUD/USD at 0.78 at year-end.
The interactive 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.
Heard And McDonald Islands Trip Checklist
- Compare AUD travel cash rates - probably why you are here!
- 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 Exchange Rates Compared
Buying AUD Cash with USD 1,000
Rate timestamp : Sun May 27 2018 07:00:04 GMT+0000 (UTC)
Sending money to the Heard And McDonald Islands
How to save when 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 :
- Open an account with a BER reviewed FX provider (id docs may be required)
- You specify the local or Australian dollar amount you want to transfer
- Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
- 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.
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!
Sending a LARGER international money transfer? Request a Free Multi-Vendor Quote
Compare Foreign Transfers
Sending USD 10,000 to AUD
Rate timestamp : Sun May 27 2018 07:03:17 GMT+0000 (UTC)