What to Consider When Ordering Your Australian Money Online?

 

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What to Consider When Ordering Your Australian Money Online?

Thinking about the rate is only one consideration when it comes to getting your Australian dollars, but don't worry as we are here to help you keep things simple.

·         Check Rates - Use our handy exchange rate tracker to see how rates change from USD to AUD over time

·         Think about how much you need - Your budget will help you figure out how much you need to take with you, depending on how long you are going, how many of you are going, and how much of a spend it is. See how much Australian currency you can get for your US dollars with Travelex's currency converter.

·         How You Want To Get Your Money - If queuing to get your money isn't your style, you can have your Australian currency delivered right to your door. Alternatively, if you have any questions or would like to speak to one of our currency specialists when you receive your money, you can pick it up at one of our stores in the US.

History of the Canadian dollar

The Canadian dollar, also known as the CAD, was established in 1817 and was printed at the Bank of Montreal. The currency was formalized nationwide in 1858, moving away from the traditional pound sterling system, as the Spanish dollar was the most common in North America. The US dollar also played an important role in this decision, due to the proximity and interaction with the country. Also when it comes to US currency, coins and banknotes in Canada are almost identical to those in the United States except for the people highlighted on the currency. The coins are valued at 1c, 5c, 10c and 25c. They are made of the same size and material as US currency, although most often Canadian currency is not accepted as a form of payment in the United States.

Historical conversion rates from British Pound to Canadian Dollar

Historically, the British pound has always favored better than the Canadian dollar, which is mainly due to the way the money is secured. The pound sterling has proven to be a more stable means of supporting the currency; thus the pound is more successful than the CAD backed by gold. Fluctuations with the CAD are very similar to those with the US dollar, as the two are comparable in value and economic influences. 1948 turned out to be one of the worst times for the CAD, with the remaining 0.25 GBP to CAD conversion rate. This number has not reached such a low level since, but it has remained steadily between 0.33 GBP in CAD and 0.50 GBP in CAD, peaking in 1984 when the rate was 0.58 GBP in CAD. . These numbers were most promising from the late 1970s to early 1990s, although they started to decline.

Convert GBP to CAD - Recent exchange rates

Over the last ten years, the overall currency exchange rate has remained around .44 GBP to CAD. The numbers are beginning to resemble those of the early 70s when the currency was starting to fare better, which begs the question of whether or not the CAD is heading in a downward trend. The best time to buy Canadian dollars in recent years was in 2006 when the exchange rate was at .48 GBP to CAD. The worst time was in 1999 when rates hit .42 GBP to CAD. These rates are expected to either remain steady or decline in the near future just based on the economic status of the nation at the moment.

A deep dive into the Australian currency

Until 1910, Australia used the British pound as its currency, but it was phased out when the Australian pound entered into circulation. Finally in 1956, the Australian dollar was born! Since 1988 Australia has used plastic-looking polymer bills, making them much harder to tear or lose when washing clothes. Buy Australia dollars now, the 5th most traded currency in the world. The most commonly used Australian dollar bills are the $ 5, $ 10, $ 20, $ 50 and $ 100 bills.

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