Aussies being more adventurous when booking trips
An increasing number of Aussies are looking for the best exchange rates on currencies in far-flung destinations, as travellers are taking advantage of the strong Aussie dollar.
The Australian Bureau of Statistics recently revealed that Aussies are becoming more adventurous when booking trips and are shunning traditionally well trodden paths in order to explore different areas, the Daily Telegraph reports.
Nearly eight million people headed overseas in the 12 months leading up to 2011, which was a huge increase on the 3.5 million trips made in the corresponding period ten years ago.
Now, more people are taking flights to Cambodia, China and Brazil, while the demand for vacations in the UK, Europe and Canada has fallen slightly.
CommSec economist Savanth Sebastian believes the Australian mining boom has also led to families having more disposable income, which has been a major factor behind the increased uptake of foreign holidays.
Flight Centre spokesperson Haydn Long recently told the Sydney Morning Herald that the global financial crisis has worked in Australians' favour in many ways, as their country's currency now stretches further when they head abroad.
Have a question about travel money? Ask the money gurus at Mozo Answers.