Harrow said..Little Jon said..
Avoid risk of currency loss and get paid AUD. If you want to play the market, do it after you get paid.
I'm always surprised by the people that tell me I should obviously choose USD. I ask them if they hold USD or AUD in their savings and their tune changes very quickly. They're effectively telling me to buy hundreds of thousands of USD futures, but won't even hold USD in a bank account for themselves. Ha, so far the money has never been where the mouth is.
Its not that easy. I have held about $1000 USD in a CBA travel card. I.e. it gets no interest and they screw you over a tiny bit on the exchange rate and then hit you with fees if you use it the wrong way. In my case, a cash advance even though its already your own cash, they hit you with a fee.
So, don't assume that your case is the same. Most people have to convert to USD first and then back to AUD for spending, which isn't easy in Australia as far as I can tell.
