If you are looking to escape the UK winter for the summer sun in Australia working out how much Australian Dollar spending money for Australia you will need will entirely depend on many factors. Everyone’s holiday spending money budgets and habits are different and at Compare Holiday Money we look to offer advice based on getting you the best Australian Dollar Exchange Rate for your money and how much holiday spending money as a minimum you will need for day to day cost of living expenses.
People that visit Australia for holidays tend be of different age groups, whether it be a gap year student looking to take time out of university to travel for a month or a retired couple looking to enjoy their extra free time. Therefore, everyone’s holiday accommodation requirements will be different when they visit Australia. For example, are you going to stay in a hotel, full board or half board, are you going to stay in Bed and Breakfast or are you going Self Catering. All of which are quite easily accessible when visiting Australia as a holiday destination.
Your accommodation situation will impact on how much food and drink you will need as part of your day to day expenses and budgeting for your Australian Dollar Currency spending money. The cost of living in Australia is fairly similar to the UK and in some cases it can be cheaper, however, shopping for groceries can work out on average more expensive than the UK. For a rough guide on the cost of living compared between the UK and Australia please see the following information or visit Numbeo.com
The Cost of Living Comparison Between United Kingdom and Australia from Numbeo.com
The average cost of a pint of beer in Australia will set you back around 7 AUD or a three course meal for two people in an average restaurant will set you back around 98 Australian Dollars. Our recommendation would be to budget around 100 Australian Dollars per day per person to help cover general food, drink and travel expenses as a minimum requirement.
However, if you are looking to make this a trip of a lifetime which will most people that visit Australia are, then our advice would be to budget around 200 Australian Dollars per day per person which will allow you to cover additional expenses such as day trips, excursions, gift shops and any nice meals out etc. This should leave you with plenty of money for your Australian Dollar spending money and if you come back with left over currency then you can always exchange this back in GBP.
Some people that visit Australia for a holiday will sometimes visit New Zealand at the same time and therefore budgeting and handling two different currencies in your wallet can be a little tricky and in this case you may find it easier to use a Pre-Paid Multi Currency Card which will allow you to top up a Travel Money Card with your Australian Dollars and New Zealand Dollars Currency at the same time.
Pre-Paid Multi-Currency Travel Money Cards – Moneycorp Explorer Card
For example, our Moneycorp Explorer Card above is one of our most popular Pre-Paid Multi Currency Cards. However, please keep in mind that the exchange rates on these Travel Money Cards are not as good as Currency Cash and if you have left over currency on the card and you would like to transfer it back into your bank account you will have to pay a Redemption Fee unless you transfer the left over currency into another currency wallet for using on the card on another holiday outside of the Eurozone or the USA.
If you are not planning another holiday that will be outside of the Eurozone or the USA then our advice would be to take with you Australian Dollars Currency Cash which will not only give you the best Australian Dollar Exchange Rate for your money, but it will also give you the best value when spending money on your holiday.
For more information on the difference between spending Australian Dollars Currency Cash, Australian Dollars Travel Money Cards or just using your Bank Debit Card or Credit Card please see our Pounds to Australian Dollars Exchange Rate Infographic Guide which details how to get the best value from your holiday money spending and how to avoid overseas banking fees on your card transactions or cash machine withdrawals.