Picking your next holiday destination is not always an easy decision - there are just so many wonderful, amazing places to see. Do you revisit an old faithful or do you try somewhere new? Do you discover your own country or go international? Decisions, decisions, decisions.
Well, maybe your wallet should be your decision-maker. With international airfares being more affordable than ever before, and accommodation options ranging from backpacker to 5-star, the world really is your oyster. But, there are some countries where your Aussie dollar will stretch further than it will in others, so here are 5 destinations that will be easy(ier) on your wallet!
A combination of bargain airfares and an improved exchange rate have made the UK top this list. While it is usually seen as an expensive destination for Aussies - especially if you're spending some time in London - with more flight options than ever before, and some amazing airfare sales, it has become a much more affordable holiday destination than it has been in the past.
Plus, the Australian dollar exchange rate against the British Pound is up 13% on prior year*, so you're also getting more bang for your buck, making accommodation, sightseeing and a pint more affordable than they were last year!
Compared to some other countries in Europe, Sweden can be an expensive place to travel. But, the AUD exchange rate with the Swedish Krona (SEK) is up 9% on prior year*, so if you do want to see some of the most amazing natural beauty in the world, explore walled medieval cities and seaside fortresses, or experience dog sledding or a reindeer camp, it's a good time to add Sweden to your bucket list.
With so much tradition, culture and quirky experiences on offer, Japan has become an increasingly popular holiday destination for Australians. But, what about considering Japan for your next ski holiday?
Renowned for its quality powder throughout winter, fantastic accommodation choices and runs for all levels, Niseko is a top ski choice. Plus, the exchange rate against the Japanese Yen is currently up 7% on last year, so you'll have more Yen at your disposal for lift passes, ski lessons or maybe a heli-ski!
This time last year, an Aussie dollar would have gotten you Canadian cents, but this month the exchange rate was up nearly 8% on last year, giving you just over CAD$1 to AUD$1. According to Flight Centre, the price of an airfare to Canada has also dropped in the past year, as Canada become more of a popular alternative to the USA.
So, lower airfares and more loonies in your pocket - how can Canada not be an option for a wallet-friendly holiday?
An oldie but a goodie. Aussies sure do love Bali. With cheap food and drinks, stunning scenery, flights from every major Australian city, and a tranquil island vibe, Bali is the staple diet of the Australian traveller.
And, the cheap factor is all the better at the moment, with the exchange rate 2% better than it was last year.
While the Aussie dollar has remained pretty steady over the past few months, there are a lot of global political and economic factors that are affecting other countries and currencies at the moment, so this list is constantly changing.
If you are budget-conscious when it comes to your next holiday, it's a good idea to plan your travel budget ahead of time, take the costs of airfares and accommodation into account, and consider exchange rates in your planning. You can chat to our FXperts at Travel Money Oz at any time about how to protect yourself against exchange rate volatility, and what destinations might get you the most bang for your buck!
*Exchange rate comparison based on rates available from Travel Money Oz on 16 May 2017 and 16 May 2016. Exchange rates are subject to change without notice. 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.