Strong dollar continues to encourage foreign travel

Wednesday 07 November 2012

Article by Mozo

Analysts at Roy Morgan Research believe the strong Australian dollar is still encouraging people to take overseas trips.

Figures compiled by the organisation indicated that ten per cent of the population surveyed in the September quarter of 2012 said they planned to head abroad for their next holiday.

This was up from eight per cent in the corresponding period of 2011 and the study showed destinations like Thailand, Bali, the US and Europe were particularly popular.

These statistics tie in with the findings of a recent report conducted by the Tourism Forecasting Committee, which discovered that nine million Aussies will take a foreign vacation in the next financial year.

Although the dollar has been fluctuating of late, Roy Morgan's international director of tourism, travel and leisure Jane Ianniello suggested the currency is still at a high level.

That means Aussies shouldn't find it too hard to secure the best exchange rates possible when jetting off to different parts of the world.

"Consumers have more money in their pockets as a result of falling interest rates and recent tax cuts and other handouts associated with the federal government's carbon tax compensation package," Ms Ianniello remarked.

Have a question about travel money? Ask the money gurus at Mozo Answers.ADNFCR-1761-ID-801483495-ADNFCR

Compare today's top travel money

Back to top