If you’re jetting off on a US holiday in the next couple of months, it’s time to start thinking about currency – and the looming US election on November 8 may just throw a spanner in your planning.
World events, such as elections, can cause sharp changes in currency exchange rates – just look at what happened with Brexit in June.
When Britain decided to leave the European Union, the British pound devalued in minutes before recovering over weeks. The Aussie dollar also dropped and took some days to regain the lost ground.
While that might sound like good news for travellers, the fact is you cannot predict currency fluctuations. And bear in mind that events in one country can affect exchange rates in completely different parts of the world.
If you wait until you are in your holiday destination, you are at the mercy of the prevailing exchange rate – a sudden change for the worse may seriously limit your spending capacity.
If you want some certainty about how far your money will go, you can lock in an exchange rate now with Flight Centre partners Travel Money Oz.
Simply purchase your currency in store or online, fee and commission free.
If you prefer not to carry large amounts of cash, you can lock in pre-election exchange rates by getting a prepaid travel money card from Travel Money Oz.
The Key to the World currency card lets you lock in exchange rates on up to 10 different currencies, and you can load extra funds quickly and securely online 24 x 7 using your secure logon or app.
You can order a card to be sent to you in the mail (allow two weeks for delivery), or visit any Travel Money Oz store.
Terms and conditions apply.