The Australian dollar, also known as AUD or A$, is the official currency of Australia and is used by over 25 million people. While the value of the Australian dollar can fluctuate based on a variety of factors, such as global events and economic conditions, there are certain countries where the Australian dollar is worth more than others.
In this article, we will explore some of the places where the Australian dollar is currently worth the most.
One country where the Australian dollar is currently worth more is New Zealand.
The Australian and New Zealand dollars are often considered to be closely aligned, and the exchange rate between the two currencies tends to fluctuate within a relatively narrow range. As of March 2023, one Australian dollar is worth around 1.08 New Zealand dollars.
Another country where the Australian dollar is worth more is Indonesia.
While the Indonesian rupiah is a much weaker currency than the Australian dollar, the cost of living in Indonesia is also much lower. As a result, Australian tourists and expats can often enjoy a high standard of living in Indonesia while spending relatively little. As of March 2023, one Australian dollar is worth around 11,000 Indonesian rupiah.
Thailand is another country where the Australian dollar can go a long way.
While the value of the Thai baht has been rising in recent years, it is still a relatively weak currency compared to the Australian dollar. Additionally, Thailand is a popular tourist destination where prices for goods and services can be quite low. As of March 2023, one Australian dollar is worth around 24 Thai baht.
Other countries where the Australian dollar may be worth more than the local currency include Cambodia, Laos, and Vietnam.
These countries are all located in Southeast Asia and offer a lower cost of living compared to Australia.
In conclusion, there are several countries where the Australian dollar is currently worth more than the local currency. While the exchange rate can fluctuate based on a range of factors, these countries may offer a lower cost of living and increased purchasing power for Australian tourists and expats. However, it’s important to keep in mind that exchange rates can be subject to change and may not always reflect the true value of goods and services in a given country.
