Australia 'is a dream holiday destination'

A new study has suggested that Australia is seen as the ultimate luxury holiday destination among travellers.

Research conducted by US-based travel network Virtuoso showed that Sydney is particularly popular at the moment, with the city being named the new Go-To Style and Design Capital.

This is great news for tourism chiefs who are desperately trying to get more people to visit Australia.

But what about those Aussies who want to venture abroad?

The Virtuoso survey indicated that aside from Australia, the Galapagos Islands emerged as a favourable place to take a break.

Travellers primarily head to this part of the Pacific Ocean because of the stunning scenery and wonderful array of wildlife.

It is also very affordable for Aussies and the islands use the US dollar as their main currency. People from down under have been getting some of the best exchange rates seen for years when trading in their notes for US money.

At the moment one Aussie dollar will get you just over one of the American equivalents.