How To Protect Your Overseas Travel Money Exchange Rate This Easter
USA, UK and Thailand top destinations in April
Australian travellers now have some much-needed protection from currency exchange rate movements with the introduction of free Rate Guard exchange rate protection from Travel Money Oz.
As many Australians leave for overseas this Easter and school holiday period they are being offered protection for any last-minute currency exchange rate improvements so that they can obtain the best rate possible.
The foreign currency specialists will pay you back the difference if the exchange rate improves within 14 days of you making your foreign currency purchase in store*.
Scott McCullough, Retail General Manager of Travel Money Oz said, “There’s no need to leave getting your travel money sorted to the last minute and trying to guess when the right day is to buy.
“Rate Guard will help remove uncertainty for travellers as no one is able to predict market movements.
“We’ve seen some recent strengthening of the Australian dollar against the US dollar. If, for example, you’re about to leave for the USA, Rate Guard can give you peace of mind about missing out on any ongoing rate improvements.”
Mr McCullough said that according to Flight Centre Travel Group leisure booking data the top five destinations for Australian travellers this April are the USA, United Kingdom, Thailand, New Zealand and Indonesia.
The Rate Guard protection is available for seven currencies (USD, GBP, EUR, NZD, IDR, FJD, THB) purchased instore at the advertised exchange rate and will see the difference paid into your nominated bank account within five business days of claiming.
Travel Money Oz is the only foreign currency exchange provider to currently offer this protection in Australia.
Mr McCullough said a change in exchange rates can have a real impact on overseas spending money, which is often a last-minute purchase consideration by travellers.
“If you’re travelling to the UK this Easter then your holiday money is 11% cheaper than this time last year and the Euro currency is 4% cheaper than a year ago^,” Mr McCullough said.
“Even in the days before you travel exchange rates can improve significantly after you have purchased your foreign currency.
“With Rate Guard, you know you will be getting the best rate during the 14-day period and it’s available as a free add-on.
“We aren’t able to provide any rate predictions but we know that many travellers prefer to have certainty.”
*Conditions apply. Visit www.travelmoneyoz.com/rateguard for full terms and conditions.
^comparison based on exchange rates on 3 April 2017 to 12 months earlier.