Dollar stays near record highs against the euro

The dollar is continuing to trade at near record highs against the euro, which is great news for Aussie holidaymakers.

According to Reuters, the euro has weakened by around ten per cent against the Australian currency since mid-May.

The ongoing financial problems in Europe are obviously having a negative impact on the single currency, with the banking sectors in Greece, Spain and Italy all struggling badly.

All of these countries are popular holiday destinations and it appears that plenty of Aussies have been taking advantage of the situation by booking trips to these places safe in the knowledge that they will receive the best exchange rates.

At the moment, one dollar will get you in the region of 0.85 euros – which is a fantastic return.

Unfortunately, the news provider also revealed that the Aussie dollar has been unable to make up any ground on the US equivalent, which may deter people from heading to the North American country.

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