Australian Dollar - Travel Money Saving Tips
Travel tips for Australia.
The classic error first-time visitors make is trying to 'do' Australia in two or three weeks, forgetting that it's a continent as well as a country. It's far better to pick two or three areas to tackle well than attempt to tick off the highlights in one visit. Otherwise, most of the visit is spent in transit. Not only are the gaps between major cities bigger than they are in Europe or the US – there are generally far fewer small towns between them. This delineation between urban and bush is massively to Australia's credit. Once out of the city, it feels like you're in the wild.
Australia has a Goods and Services Tax (GST) of 10 per cent. You may be able to claim a refund for the GST paid on goods if you have spent AUD$300 or more with a single business, no more than 60 days before departing Australia. Tourist Refund Scheme facilities are located in the departure area of international terminals.
There are no limits on the amount of currency that can be brought in or out of Australia, but travellers must declare hard currency equivalent to AUD10,000 or higher. Australia is not usually considered a budget destination, in fact Sydney and Melbourne are consistently ranked as two of the world’s most expensive cities but if you're careful with your spending it’s still possible to make your money go a long way, especially when the Australian Dollar is weaker.
Hotels and restaurants do not add service charges to your bill, and tipping is always your choice. In upmarket restaurants, it is common to tip waiters 10 percent of the bill for good service. Americans, in particular, struggle to grasp the absolutely impeccable Australian tipping system. Basically, you tip if you want to, but nobody particularly expects you to or pressures you to.
Do I need a Visa for Australia?
Most nationalities will need to get a visa before you travel. Beware of scam adverts claiming to help you extend a working holiday visa. Several British nationals have had their visas cancelled as a result. If you're a Singaporean national, there's good news in relation to visas which is that from January 2018 a new, long-term, multiple entry visa will be available. This will allow Singaporeans to stay for up to three months at a time over a six year period.
Also see our full Foreign Exchange Guide to Australia for more money saving tools and information on Australian Dollar Transfers and Travel Money.
Exchange rates are volatile and can move considerably on a daily basis. Setting up a watchlist will help you decide the best time to make a foreign exchange transaction. These daily alerts can notify you either when the interbank exchange rate make large UP/DOWN moves or when rates reach a HIGH/LOW for periods up to 90-days.
|FROM / TO||90 DAY TREND||LATEST RATE||ALERTS (UP/DOWN/HI/LO)|
GBP / EUR
ALERT: 14-DAY UP 3.6% |
At 1.1611 GBP/EUR is trading well above its 90 day average 1.1154 with period range 1.0672 to 1.1623. ALERT: GBP/EUR is UP 3.6% this 14-DAY period. Updated: 20:05-AEDT 10:05-BST 05:05-EDT
GBP / USD
ALERT: 14-DAY UP 5.3% |
At 1.2938 GBP/USD is trading well above its 90 day average 1.2348 with period range 1.203 to 1.2985. ALERT: GBP/USD is UP 5.3% this 14-DAY period. Updated: 20:05-AEDT 10:05-BST 05:05-EDT
GBP / AUD
ALERT: 14-DAY UP 3.3% |
At 1.8859 GBP/AUD is trading well above its 90 day average 1.8162 with period range 1.7681 to 1.8983. ALERT: GBP/AUD is UP 3.3% this 14-DAY period. Updated: 20:05-AEDT 10:05-BST 05:05-EDT
GBP / TRY
ALERTS: 30-DAY UP 6.2% | 90-DAY HIGH |
At 7.5955 GBP/TRY is trading well above its 90 day average 7.052 with period range 6.5977 to 7.5955. ALERTS: GBP/TRY is UP 6.2% this 30-DAY period and has also risen to a 90-DAY HIGH. Updated: 08:15-AEDT 22:15-BST 17:15-EDT