Monday, June 27th, 2011 - Your Money Magazine
If you have been considering a holiday, now could be the best time to take that much-needed escape without breaking the bank. The strong Aussie dollar means many overseas destinations are much more affordable than they used to be.

To find out how much Australians could benefit from taking advantage of the favourable exchange rate, Your Money Magazine calculated the cost of a holiday at our 10 most popular overseas destinations now in comparison with when the Aussie dollar was at historically low levels against other currencies a few years ago.

Your Money Magazine managing editor Jackie Pearson said the size of the savings on offer was startling.

“Based on the cost of a typical 10-day trip, we found you could potentially save thousands of dollars depending on the destination you choose,” said Pearson. “The Aussie dollar is going a lot further overseas at the moment, which is great news for Australians who want to travel soon.”

Pearson said the biggest travel savings will be found in costs directly affected by the exchange rate.

“While airfares are not that affected by month-to-month fluctuations in the exchange rate, our research found that fares have still decreased because of the strong Aussie dollar, despite an increase in fuel costs,” said Pearson. “When booking accommodation, tours and car rental bookings, look for prices quoted in the destination currency and the great exchange rate will mean you win.”

For more information on the destinations examined including a complete breakdown of potential travel savings, pick up a copy of the current issue of Your Money Magazine or subscribe online at www.yourmoneymag.com.au.

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Your Money Magazine is for all Australians looking to increase their personal wealth and achieve the lifestyle they desire. Your Money Magazine’s key focus is to educate the Australian public about money management by providing down-to-earth, easy to comprehend content, detailed product comparisons across a range of categories, and recommendations from some of the country’s leading industry experts.

Combining in-depth research and product comparison tools with shrewd financial education materials, Your Money Magazine takes a unique place in the Australian market allowing readers to not only compare existing products but to educate themselves and take decisive action all in one place.

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Lisa Narroway
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