I don’t mean to alarm anyone, but the Kiwi dollar is currently buying 0.9286 against the Australian dollar. Who am I kidding, I definitely mean to alarm you. This is the highest we have seen the Kiwi dollar against the AUD since July 2017.
To avoid missing out on cracking rates like this in future, why not sign up for Currency Alerts? We’ll let you know when the NZD hits your preferred rate against the currencies you're interested in.
What does this mean for you, the Kiwi traveller?
Well, if you’re heading across the ditch to celebrate the festive season in Australia (because the prospect of sweating through your Santa hat on Christmas day is worth it if it means some fresh prawns and backyard cricket), you’re going to need some Aussie cash.
Lets just say you are exchanging $2000NZD to AUD. If you purchased it this time last year, you would be taking $1724.60AUD over. Exchanging the same amount today will get you $1857.20AUD - a huge bonus of $130AUD. Strewth, that is a few kilos of prawns, 10 packets of Tim Tams to take home and at least 3 bottles of suncream.
Worried the rate is going to get better and you’ll miss out? Stress less, just add Rate Guard to your transaction in store and if the rate improves within 14 days, we’ll refund you the difference*.
This blog is provided for information only and does not take into consideration your objectives, financial situation or needs. You should consider whether the information and suggestions contained in any blog entry are appropriate for you, having regard to your own objectives, financial situation and needs. While we take reasonable care in providing the blog, we give no warranties or representations that it is complete or accurate, or is appropriate for you. We are not liable for any loss caused, whether due to negligence or otherwise, arising from use of, or reliance on, the information and/or suggestions contained in this blog.
All rates are quoted from the Travel Money NZ website, and are valid as of 7 December 2018.
*Terms and conditions apply to Rate Guard. See http://www.travelmoney.co.nz/rate-guard for more information.