Vanuatu is one of the most visited islands in the Pacific by Australians, along with Nauru, Christmas Island, McDonald Islands, Norfolk Island, and Tuvalu. And why not? Its warm and clear crystal waters and diverse culture and food tell it all. Be prepared to exchange your AUD currency for Vanuatu Vatu (VUV) or vice-versa ahead of time to save on costs and the hassle of lining up for long queues in the money exchangers.
Foreign Xchange offers bank-beating foreign currency exchange rates and provides live mid-market rates online. You can get most of your Australian dollars to Vanuatu Vatu since no other fees are charged on this platform. You only have to pay an additional standard postage fee of $30.00 AUD when you pick up your currency via your nearest Australia Post. With Foreign Xchange, you can spend more time preparing for another essential part of your travel, such as itineraries and stuff to bring.
Factors Affecting the Exchange Rate
What is an exchange rate? The exchange rate is the term used for currency conversions, and it is the rate used by banks and financial institutions. The mid-market rate is different from the rate you receive when sending money. Exchange rates are updated regularly and are intended as a guide only.
The Vanuatu vatu exchange rate fluctuates regularly with the changing world market. Some factors that could affect the exchange rates between VUV and AUD include interest rates, inflation rates, economic stability and growth, trade balance, Central Bank interventions, and more.
Vanuatu’s economy is based on small-scale agriculture, while tourism, fishing, and offshore financial services drive the rest of the economy. The economy is hindered by its dependence on commodity exports, natural environment volatility, and proximity to large markets. Thus, VUV to AUD or A UD to VUV largely depends on how strong Vanuatu’s economy is against the Australian dollar, including the import and export trade between these countries.
Why Convert VUV to AUD online through Foreign Xchange?
Foreign Xchange offers a hassle-free, secure, and reliable online exchange process. It also offers fast delivery across Australia through pick-up to its nearest branches or Australia Post near you. Our platforms provide the cheapest rates on Australian dollar-VUV. Here are the other reasons why you should choose Foreign Xchange:
Better exchange
The current exchange rate is 1 AUD = 80.4500 VUV. The 30-day average rate is 80.3536. The highest rate for the last 30 days was 81.1562. The 30-day low rate is 79.4864.
However, you will not get these exchange rates exactly from your AUD when you exchange your money on banks and other money exchangers. This is due to fees and other associated taxes.
With Foreign Xchange, you get the best bang for your buck. The larger the Australian dollars you exchange, the better the VUV rate you may get. However, as discussed above, this may fluctuate depending on several factors.
Avoid high fees at airports and hotels
Last-minute money exchanges in airports and hotels can greatly devaluate your Australian dollars. Airports and hotels capitalise on the convenience of exchanging currency on the spot, especially for travellers who may not have had time to exchange their currencies elsewhere. This convenience allows them to offer lower rates, knowing travellers may not have other options. Your 1 AUD to VUV or vice-versa can be around 5-15% lower (or even more) in airports and hotels than you get from online exchange rates.
Competition among currency exchange providers is also usually limited in these areas. This lack of competition allows these venues to set lower exchange rates compared to more competitive environments, like currency exchange bureaus in cities.
With Foreign Xchange, you can see the accuracy of the information on their website with no other hidden fees. You can go to Vanuatu with peace of mind, knowing that your allowed AUD budget is stretched reasonably enough even before you visit.
Step-by-Step Guide to Converting VUV to AUD with Foreign Xchange
Step 1: Visit foreignxchange.com.au. Navigate the website for easy access to the currency converter.
Step 2: Enter the amount of VUV to convert Australian dollars. You may request a particular denomination distribution, but it is not guaranteed due to the supply and demand of bank notes and coins.
Step 3. Enter your full name, email, and contact details.
Step 4: Choose your delivery option. You may pick up your converted Vanuatu vatu at any Foreign Xchange branch or from the nearest Australia Post. Add $30 for the postal fee. Make sure to bring proof of identification of your name when you pick up your currency.
Step 5: Complete the payment. You can securely make the payment and confirm your order via bank transfer.
Conclusion
Converting AUD to VUV and vice versa can be done easily anytime, anywhere, with an online currency converter or exchange service. Understanding the exchange rate and the factors that affect it can help you make informed decisions. Use a reputable currency conversion service such as Foreign Xchange to get the best rate and avoid hidden fees.
FAQs
What is the current exchange rate for VUV to AUD?
Exchange rates fluctuate daily. Before your trip, check Foreign Xchange’s website for the most accurate and up-to-date rates.
How can I convert my AUD to VUV or VUV to AUD before travelling?
You can easily convert Australian dollars to Vanuatu Vatu or vice versa through Foreign Xchange online. It’s quick, convenient, and often offers better rates than traditional banks.
Does Foreign Xchange charge fees when converting my AUD to VUV or VUV to AUD?
Except for the $30 postal service fee, no other costs are associated with converting your AUD to VUV and vice-versa. What you see on our currency converter is what you get.
Can I exchange VUV back to AUD after my trip?
Yes! Foreign Xchange allows you to convert any leftover Vanuatu vatu back to Australian dollars, making your currency exchange hassle-free.
What should I do if I encounter issues with my Australian dollar to Vanuatu Vatu currency exchange?
Foreign Xchange has a dedicated customer support team available to assist with any issues or concerns you may have regarding your currency exchange.