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Currency Alerts

Let the Travel Money experts do the rate watching for you. Set up an alert for the currency you're after and desired exchange rate. Once it hits, we'll send you an email to let you know. Easy!

What has happened?

Market Update: Thursday 9th November 2016 6.45 pm

Donald Trump has been confirmed as the next President of the United States of America. This result has surprised global markets, who were forecasting a safe win for Hillary Clinton. We’ve been warning our customers about currency volatility and the early reaction by global markets and immediate drop in the Aussie dollar has been swift.

The Aussie was quite high before results began coming through. By Wednesday afternoon the initial results coming in saw an immediate drop in the AUD, not only against the US Dollar, but also against the British Pound and the Euro.

What will happen next?

We are expecting continued volatility in markets overnight as the US markets open, and further changes in exchange rates tomorrow as global markets then react to the result.

We will keep this page up to date through the day as things change, so check back here later for an update.

Unless the AUD recovers, you might be looking at less spending money for your trip. Ongoing instability in the currency markets means that exchange rates could continue to move around. Market volatility may occur for some time.
 
What should an outbound traveller do?

Travel Money Oz advises Australians travelling soon to monitor market changes, review their currency needs and individual situations and decide whether they should lock in their exchange rate now. We’d also like to reassure customers that at the moment supplies of US Dollars in our stores are good, but to keep in mind the high levels of demand.

      

ALERT! Due to the immediate demonetisation of the 500 and 1000 Indian Rupee (INR), INR cannot be purchased online via Travel Money Oz. If you would like to purchase notes other than 500 and 1000, please visit your nearest Travel Money Oz store. Please note Travel Money Oz will be accepting 500 and 1000 notes in store until COB Friday 11 November, 2016.

FAQ's

When is the best time to buy my currency?
Unfortunately we don't have a crystal ball and cannot predict what will happen with exchange rates. We do however suspect there will be some movement in the market over the next few days as a result of the election.

 

What is going to happen to the USD/AUD?
Again, we can't predict what will happen to these currencies, but usually when one currency market shifts, so do others to align with this change.

 

Will my local Travel Money Oz store have enough cash stock available during and after the election?
We always aim to have sufficient stock on hand, and suggest visiting your nearest store to chat to our friendly consultants about your cash requirements. If in the rare instance we don't have your desired currency, we have over 130 stores across Australia, so please visit another Travel Money Oz store near you using our website store locator or order your currency online.