Bargain breaks abroad
There hasn't been a lot of good news for holidaymakers lately with the dollar continuing to slide against a number of major currencies including the British Pound, The Euro and the US dollar. Unfortunately for travellers, no one knows how far the dollar might fall, or if it will at all. However people who are nervous about the volatile currency may be able to remove some uncertainty by booking holidays to destinations where they can get more for their dollar. We've done the research and these are our top picks.
Asia continues to offer great value for money, particularly with low cost airlines now flying some Asian routes. Although the Aussie dollar has fallen against the Baht, Thailand is still a bargain destination for sun-seeking Aussies. The dollar has strengthened against the Indonesian Rupiah and the Singaporean dollar considerably, even over the last 12 months, making these places more affordable than ever. Package tours to many Asian destinations include local excursions which can save travellers a packet.
A word of caution to those considering an Indian adventure - although the Aussie dollar has also held its own against the Indian Rupee, hotel prices are often quoted in US dollars which is now less favourable for travellers.
Although the Aussie dollar has taken a tumble against the Euro, Europe still offers some very affordable destinations for Aussie travelers. Recession hit countries like Turkey, Portugal, Greece and Spain have seen hotel occupancy rates plummet as British travellers deserted the Eurozone due to the weak pound so there are great accommodation deals to be found in parts of Europe.
Elsewhere in the World
The Aussie dollar continues to climb against South African Rand and Brazilian Real. And with the FIFA World Cup now over and an estimated 600,000 tourists having left Brazil, there are likely to be plenty of empty hotel rooms and bargains galore.
And finally, regardless of the destination you choose there are a number of ways all travelers can stretch their holiday dollar. We've compiled our top five travel tips.
- Avoid using credit cards as they tend not to offer the best value for an ATM transaction and the exchange rates may not be favourable.
- If you want to lock in the current exchange rate to have some budgeting certainty, consider getting a prepaid card but shop around for these and look closely at fees.
- Buy currency in advance online or at your bank, rather than paying less competitive rates at airports.
- If you want to travel to the US or the UK then you can easily save a few hundred dollars by shopping around on airfares
- Be flexible with your travel dates to get an off-peak deal
If you travel smart then you can still have a fantastic overseas adventure without breaking the bank.