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Foreign Exchange Guide to Kiribati

This currency guide to Kiribati helps you choose the best way to save money on AUD transfers and travel money.    [HKD/AUD=0.187]

 
Kiribati
Country Code:
KI
Domestic Currency:
Australian Dollar
Symbol - Code:
A$ AUD
Telephone Prefix:
+686

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


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

In November it was all downhill traffic for the Australian dollar 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. Westpac has predicted three cuts this year.

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:

90-DAY TREND: At 0.1868 HKD/AUD is trading near the average 0.1873 with a range 0.1844 to 0.1902. There are no current alerts.
Update: 08-Dec 16:03-EST 21:03-GMT 08:03-AEDT(+1D)

Travel, Currency and Money saving tips for Kiribati

 

English is Kiribati’s official language, but most natives also speak the local Gilbertese tongue. You shouldn't have a problem communicating wherever you go, although the farther you get from Tarawa and Christmas Island, the less English is used. Kiribati and the Islands use the Australian dollar; a major currency that can be exchanged anywhere. You can also change money at the Bank of Kiribati or ANZ bank on Tarawa or Christmas Island. Kiribati is a mostly cash-oriented country, though major cards are accepted in hotels and some shops. Traveler’s checks should be in Aussie dollars.

Transportation: the only transportation are minivans. They don't have timetables. They are run by private people who decide randomly the start and the end of the trip. Often they are full and for this reason they won't stop to pick you up. Sometimes the engine breaks and you have to find another one. But in spite of all these problems they are ok. There are no taxis in the Gilbert Islands. The local transportation is carried out by Air Kiribati. There are regular flights to every island in the Gilbert group except for Banaba, price around 50 AUD one way three times a week for the near islands (until Kuria and Aranuka), and price around 100 - 150 AUD one way once a week for the further ones (for instance, Nonouti, Nikunau, Beru).

 

Travel money for Kiribati

 

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.

   

Kiribati Trip Checklist    

 
  1. Compare AUD travel cash rates - probably why you are here!
  2. Search Hotel deals - Save on your accomodation in Kiribati
  3. Lonely Planet - world's best travel guide (coupon and deals)

Sending money to Kiribati

When searching around for information on how to get a good exchange rate when sending money to Kiribati 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 Kiribati

When sending money to Kiribati 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 Kiribati.

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$9,3050.186100.48%
OFX logo
A$9,1400.18280 for BER users (normally $15)2.25%
DBS Bank logo
A$9,045.950.1811503.25%
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo
A$8,9480.1791554.3%
HSBC logo
A$8,920.70.1787HK$804.59%
Citibank International Money Transfers
Citibank logo
A$8,877.870.1776125.05%
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:0.1861 (0.48% from mid-rate)
To Amount (AUD) A$9,305
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:0.1828 (2.25% from mid-rate)
To Amount (AUD) A$9,140
Total Cost:2.25%
Difference:
A$165 AUD less than using WorldFirst
Time:
Rate Fetched: Mon Dec 09 2019 00:16:14 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:0.1811 (3.16% from mid-rate)
To Amount (AUD) A$9,045.95
Total Cost:3.25%
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:0.1796 (3.96% from mid-rate)
To Amount (AUD) A$8,948
Total Cost:4.3%
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:0.1787 (4.44% from mid-rate)
To Amount (AUD) A$8,920.7
Total Cost:4.59%
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:0.1776 (5.03% from mid-rate)
To Amount (AUD) A$8,877.87
Total Cost:5.05%
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 12/09/2019 - See full table
 

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

PeriodChange*AUD/USDDate
1 Day+0.1%0.683305 Dec 2019
7 Day+1.2%0.676029 Nov 2019
30 Day-0.5%0.687706 Nov 2019
3 Month-0.1%0.684807 Sep 2019
1 Year-5.4%0.723306 Dec 2018
5 Year-18%0.834007 Dec 2014
10 Year-24.6%0.907208 Dec 2009

*For period to 06-Dec 21UTC when AUD/USD was 0.6840

AUD/EUR - Australian Dollar to Euro - Historical Rates

PeriodChange*AUD/EURDate
1 Day+0.5%0.615305 Dec 2019
7 Day+0.8%0.613529 Nov 2019
30 Day-0.5%0.621206 Nov 2019
3 Month+0.5%0.615507 Sep 2019
1 Year-2.7%0.635806 Dec 2018
5 Year-8.6%0.676807 Dec 2014
10 Year+0.5%0.615208 Dec 2009

*For period to 06-Dec 21UTC when AUD/EUR was 0.6184

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

PeriodChange*AUD/GBPDate
1 Day+0.2%0.519305 Dec 2019
7 Day-0.5%0.522929 Nov 2019
30 Day-2.7%0.534906 Nov 2019
3 Month-6.6%0.557407 Sep 2019
1 Year-8%0.566006 Dec 2018
5 Year-2.7%0.534907 Dec 2014
10 Year-6.4%0.556208 Dec 2009

*For period to 06-Dec 21UTC when AUD/GBP was 0.5205

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