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Australians love to travel, and as winter reaches its peak, many are ditching the cold and chasing the warmth of summer on a foreign shore. However, these holidays are costing travellers more than they should, with new research showing we are losing an estimated $600 million in international transaction fees, equating to almost $100 per person.
Researchers said it would take almost two years for Australians to save for a two-week holiday in Europe, with nearly a quarter admitting it would be a big strain, “setting them back heavily in their savings goals”.
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