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The Big Dipper: Where to get the most for your dollar
Australian travellers will find the best value for money in Japan, according to the 2014 Expedia Foreign Exchange Index.
Despite the Australian dollar falling to a three and a half year low against the US dollar, its value increased by 2.3% in 2013 against the Japanese yen.
Now in its fifth year, the Expedia Foreign Exchange Index measures the performance of the Australian dollar against major global currencies, taking into account foreign exchange rates and inflation.
This year’s Index reveals that the Aussie dollar lost ground against multiple currencies, with 13 of the 15 top destinations for Australian travellers experiencing a decrease in currency value in 2013.
The Australian dollar declined 15% against the US dollar and 17% against the British pound.
Other significant declines were against the New Zealand dollar (14%), the UAE dirham and Hong Kong dollar (both 15%), the Euro (18.6%) and the Malaysian ringgit (28%).
Ian Jarrett
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