It then dropped and held steady at around 0.66 – 0.68 USD. In early January, the Aussie dollar was valued at 0.68 USD, and by the month’s end it was valued at 0.72 USD. Last year was tough for the Australian dollar, and 2023 began on a similar note. The Australian Dollar’s Performance in 2023 The AUD reached a two-year low at the end of September 2022, when it dropped below 10,000 IDR due to concerns about a recession in Australia.įor those planning a trip in the ‘Island of the Gods,’ we asked a currency expert how far an Aussie dollar will go in Bali – both now and in the future. The Australian dollar was highest against the IDR in April 2021, when one dollar bought 11,000 IDRs. Russia and India also rank highly.Īt the time of writing, one Australian dollar is buying 10,074 Indonesian Rupiah (IDR), which is creeping closer to the five-year average of 10,279. Forbes Advisor Australia accepts no responsibility to update any person regarding any inaccuracy, omission or change in information in our stories or any other information made available to a person, nor any obligation to furnish the person with any further information.Īustralian tourists are heading to Bali in record numbers this year, following a hiatus on international travel between 20 during the Covid-19 pandemic.Īlong with attractive beaches and solid tourism infrastructure, Bali is a popular destination for Australians because it provides excellent value for money due to the cost of living being much lower on the Indonesian island.Ī total of 106,000 Australians visited Bali in April, making Australia the biggest source of inbound tourism, according to Indonesian authorities. However, Forbes Advisor Australia cannot guarantee the accuracy, completeness or timeliness of this website. We make every effort to provide accurate and up-to-date information. While we do go to great lengths to ensure our ranking criteria matches the concerns of consumers, we cannot guarantee that every relevant feature of a financial product will be reviewed. In comparing various financial products and services, we are unable to compare every provider in the market so our rankings do not constitute a comprehensive review of a particular sector. Providing access to our stories should not be construed as investment advice or a solicitation to buy or sell any security or product, or to engage in or refrain from engaging in any transaction by Forbes Advisor Australia. Readers of our stories should not act on any recommendation without first takingĪppropriate steps to verify the information in the stories consulting their independent financial adviser in order to ascertain whether the recommendation (if any) is appropriate, having regard to their investment objectives, financial situation and particular needs. As such, any recommendations or statements do not take into account the financial circumstances, investment objectives, tax implications, or any specific requirements of readers. To the extent any recommendations or statements of opinion or fact made in a story may constitute financial advice, they constitute general information and not personal financial advice in any form. While we may highlight certain positives of a financial product or asset class, there is no guarantee that readers will benefit from the product or investment approach and may, in fact, make a loss if they acquire the product or adopt the approach. When covering investment and personal finance stories, we aim to inform our readers rather than recommend specific financial product or asset classes. The journalists on the editorial team at Forbes Advisor Australia base their research and opinions on objective, independent information-gathering.
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