Good morning. We are going to fill you in on what's happening with the Australian
Dollar. In the next couple of minutes we'll fill you in on exchange rates,
Aussie dollar trends and forecasts. And we'll share a few tips on how to make
sure you get the best exchange rate.
Firstly, what are the exchange rates between Aussie dollar and other major
currencies at the moment? We're putting them on the screen for you now.
Unfortunately, these rates aren't the rates that a bank would offer you for
anything relating to currency. Let's have a look at what the four major banks are
offering on average to purchase currency or to make a transfer overseas. That's a
bit of a difference! The third column here shows you the percentage difference
between the actual rate and what you're offered. It's not all bad news. To find
out how you can get better exchange rates to either purchase currency or
transfer it overseas, head to thecurrencyshop.com.au and select
either travel money or money transfers. One of the most effective ways to track
the performance of the Australian dollar is to see how it is performing against
the US dollar. From a short-term perspective this is what the Aussie/US
has looked like over the last week. To get a more thorough idea of how the
Australian dollar is performing presently, let's have a look at it over
the last 12 months. This gives us a broader view of whether it's currently
high or low. So where is the Australian dollar going to go next?
Unfortunately, we don't know no one does. But the major banks in Australia do
formulate forecasts based on trends and past data. So here is what they're
currently predicting for the Australian dollar against other major currencies.
Well, that was a lot of information wasn't it? To get more information about
the Australian dollar in general, make sure you subscribe to our Channel and
turn on notifications. Have a great week!