Aussie dollar trumps the Euro


Summer in Europe is well underway, and if you need an excuse to escape the cold of Australian winter, then the fact that this is the cheapest it’s been all year to travel there may send you packing.


Typically, peak season in Europe means it’s more expensive to travel there. But, within the last two months, the Australian dollar has gone up a huge 5 per cent on the Euro, meaning the conversion technically offers big discounts on accommodation, tours, domestic flights and more within Europe.


“This Europe summer season Australians are looking to get great value for their travel dollar with the increase meaning an upgrade in the hire car, hotel room, dinner out or extra shopping trip,” Travel Money Group General Manager Kelly Spencer told Traveltalk.


“We know May through to August is the peak departure period for customers heading to enjoy the European summer, so the timing is great for travellers.



“We haven’t seen the AUD–EUR rate at this level since early in 2018. The demand for the Euro in our stores is also reflecting this high we’re seeing in the markets.


“It’s definitely a great time to look into the rates if you’re travelling to Europe, or simply countries that accept Euro, especially with the forthcoming school holiday period or even if you’re travelling later in the year.”


Even if you’re not planning to travel to Europe in the next month or two but plan to do so within the next year, now is the perfect time to cash in and buy your Euros.


Are you planning to travel to Europe? Will you buy Euros now and capitalise on the strong Aussie dollar?


Related articles:
Best (and cheapest) time of the year to travel
Taking a European walking tour
Where the Aussie dollar is strong

Written by Leon Della Bosca

Publisher of YourLifeChoices – Australia's most-trusted and longest-running retirement website. A trusted voice on Australia's retirement landscape, including retirement income and planning, government entitlements, lifestyle and news and information relevant to Australians over 50. Leon has worked in publishing for more than 25 years and is also a travel writer and editor, graphic designer and photographer.

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