It's time for your weekly exchange rate update so let's find out what's
happening with the Australian dollar.
You need to know the exchange rates between
the Australian dollar and other major currencies if you're about to head
overseas or transfer money so here they are.
The second column shows us the rates
Australia's major banks would offer you when you do either of those things.
And here we can see how different these rates are. If you're traveling or need to
transfer money overseas we can compare exchange rates and fees for you on our
site thecurrencyshop.com.au
Let's have a look at how the Australian
dollar has trended against the US dollar lately. In the last seven days the
Australian dollar got up towards 75 US cents before dipping again in the middle
of the week. But it was still trending higher than it has been previously. As
we've discussed lately the dollar is much lower at the moment than it was at
the start of this year. We hit a high in January but since then it's dropped more
than seven cents.
Let's check on the forecasts for our dollar from Australia's major banks.
Here are the forecast for the dollar by December 2018. There is the expectation
that the Aussie will either stay the same or slightly increase against the US
dollar. Which shows us that the banks are optimistic we won't see it drop any
further.
We post weekly videos about the Australian dollar and our channel is
also full of videos about how to make international money transfers, company
reviews and general tips about currency. If you're traveling soon or if you need
to send money overseas we can help you compare exchange rates at thecurrencyshop.com.au
so that you don't get caught out.
Have a great week!