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Foreign exchange for travel

by Wealth Know How in Wealth Creation

If you’re one of the nine million Australians who travelled overseas last financial year, you’ll know that foreign exchange rates can play a big part in your holiday. Whenever you spend money overseas – be it in US$, euro, pound or yen – you’re running foreign exchange risk, because you’re converting A$ into those currencies. If the A$ falls against those currencies while you’re travelling, you're losing spending power. 

Wealth Know How is the online network helping people manage their wealth through financial education. Whether you are looking for simple ways to better manage your cash, or you are after a complete strategy on how to save for retirement, we can help you understand your options. It is important to have a vision for your future, but its knowledge not dreams that will ultimately deliver financial success.

Published on 08 Jan 15

  • If you’re one of the nine million Australians who travelled overseas last financial year, you’ll know that foreign exchange rates can play a big part in your holiday. Whenever you spend money overseas – be it in US$, euro, pound or yen – you’re running foreign exchange risk, because you’re converting A$ into those currencies. If the A$ falls against those currencies while you’re travelling, you're losing spending power. 

    Wealth Know How is the online network helping people manage their wealth through financial education. Whether you are looking for simple ways to better manage your cash, or you are after a complete strategy on how to save for retirement, we can help you understand your options. It is important to have a vision for your future, but its knowledge not dreams that will ultimately deliver financial success.

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