Armchair Traveller

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Bang for your Aussie buck

Bang for your Aussie buck

The strong Aussie dollar has seen Australians travel in near-record numbers with many choosing to jet-off overseas as in many countries, the dollar is stretching further than ever before.

Tourism Australia has reacted to the trend of Australian's overlooking the option of holidaying at home, urging Australians to support the industry. Yet it seems the heads of travellers have been turned with many consumers sighting how expensive it is to create a holiday around Australia's most iconic landmarks.

"It's a very exciting time to be an Aussie travelling overseas because our currency is at near-record highs against, not only the US dollar, but many of the world's major and minor currencies," Amee Evans, Marketing Manager of online travel company said.

So we know the Aussie dollar is doing us proud against global currencies but where exactly will Australians get the most bang for their buck? Expedia, in partnership with National Australia Bank, has compared the performance of the Aussie dollar against the world's currencies over a 12-month period, and come up with a top 10 list.

Turkey ranked number one with the Aussie dollar soaring 22 percent against the Turkish Lera, while the Tanzanian Shilling grew 18 percent to take second spot.

The Aussie dollar performed well in Asia, with Vietnam and Thailand, both short-haul favourites with Aussies wanting a tropical beach break, ranking third and fifth respectively, while it also climbed significantly against the Hong Kong Dollar, earning Hong Kong seventh placing.

Not surprisingly, the US also appeared in the top 10, at number eight, with the Aussie dollar rising 10 percent against the Greenback.

The Euro and British Pound narrowly missed out, with AUD appreciating eight percent against the Pound and four percent against the Euro, yet both still prove very popular travel destinations for Aussies.

The most popular spots in Europe are London, Paris and Rome, which according to Expedia, all rose in popularity by near 40 per cent.

And what about the few currencies that depreciated in the last 12 months? Among them were the Swiss Franc, which was down five per cent, and the New Zealand Dollar, which devalued two percent.

In order, here is the top 10:

1. Turkey (Lira)

2. Tanzania (Shilling)

3. Vietnam (Dong)

4. Argentina (Peso)

5. Thailand (Baht)

6. Iceland (Krona)

7. Hong Kong (Dollar)

8. USA (Dollar)

9. Pakistan (Rupee)

10. Philippines (Peso)

Try Bing's currency converter for the latest rates.

Are you amongst the many Australians who have taken advantage of the strong Aussie dollar? Where did you escape to?

Related: Where to feel rich beyond your wildest dreams

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