Europe comes out tops as best value Aussie Dollar holiday hotspot

On April 29, 2010 at 11:32 PM

Latest Expedia Foreign Exchange Index reveals the top ten destinations where the Australian Dollar goes furthest

132589794,C055F543F79FB3D0171.jpeg As the Australian Dollar soars to record highs against some of the world’s major currencies, leading Australian travel website Expedia.com.auTM (owned by Expedia, the world’s largest online travel company), in conjunction with foreign exchange specialist HiFX, has released its latest Expedia® Foreign Exchange Index, revealing the top ten destinations around the world where Australian travellers will get the best value for their money. The verdict is clear: with eight out of the ten currencies being from Europe, Europe is currently the undisputed Aussie Dollar holiday hotspot!

Topping the list of best value destinations for travellers on the Australian Dollar is the Czech Republic, whose currency, the Koruna, has fallen almost 13 per cent against the Australian Dollar in the past six months. Close behind are the countries of the Euro zone, where the Australian Dollar now buys 12 per cent more than six months ago.

This is a marked change from the results of the last Expedia Foreign Exchange Index issued in October last year, where only four European countries made the top ten list, which was topped by the US, Mexico and Taiwan.

In fact, the US has fallen off the latest Expedia Foreign Exchange Index top ten destinations list altogether. And while still offering great value for Australian travellers, Expedia.com.au reports that bookings to the US have failed to match the rapid increase in bookings to Europe in recent months.

Louise Crompton, Marketing Manager at Expedia.com.au, comments: “European destinations are definitely the flavour of the month for Aussie travellers right now. As we head into the European summer, we are seeing substantial increases in bookings to European favourites such as Greece, Spain and Italy, as well as the UK, France and Germany. Bookings to Scandinavia, which is typically seen as an expensive destination for Australian travellers, have also increased notably.”

Denmark, Sweden and Norway all made it to the latest top ten list of destinations whose currencies offer the best value against the Australian Dollar.

For those who plan to stay closer to home, Japan and New Zealand both also offer good value for Australians, with the Aussie Dollar at decade highs against the New Zealand Dollar.

Thomas Averill, Senior FX Advisor at HiFX, comments: “In the last six months the common theme has been the weakness of European currencies, which in turn has helped the Australian Dollar achieve some historic milestones. For example, the Australian Dollar is at 25-year highs against the British Pound and at the highest levels against the Euro since it was first traded on financial markets back in 1999.”

Louise Crompton concluded, “Despite a short-term rise in airfares due to the travel disruptions caused by the recent volcanic eruption, Australian travellers have rarely had it so good for travelling to Europe. They can get even better value for money if they consider their options when researching and booking their trips. For instance with Expedia.com.au, they pay no fees; they have access to more choice of travel products than any other travel site, and it offers an easy to use one-stop-shop for all their travel needs. I also advise customers to be flexible and to consider travelling outside of peak season, and to shop around for the best exchange rates. Lastly, subscribe to the Expedia.com.au newsletter to ensure you get the best deals on offer.

The top ten currencies against which the Australian Dollar has performed best in the past six months:

Best value countries to visit based on how the Australian Dollar (AUD) has performed against major currencies in the past 6 months*

 

 

Rank

Currency

AUD Percentage Gain

 

1

Czech Koruna

+12.7%

 

2

Euro

+12.3%

 

3

Danish Krone

+12.3%

 

4

Hungarian Forint

+11.1%

 

5

Romanian Leu

+9.2%

 

6

British Pound

+9.1%

 

7

Japanese Yen

+9.0%

 

8

Swedish Krona

+7.0%

 

9

Norwegian Krone

+6.8%

 

10

New ZealandDollar

+6.4%

 

Source: HiFX (www.hifx.com.au) *01/10/2009 – 01/04/2010

For excellent packages and special deals to any of these locations, visit www.expedia.com.au   

 

-ENDS-

To download this release, please click here:
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