Monthly Archives: June 2012
The Sterling Australian Dollar exchange rate has strengthened by 1% today to the lowest level in a few weeks trading at just above 1.53. The move has been prompted by the Eurozone agreement to pump a further €1100bn into Spanish and Italian banks in order to resolve the debt crisis. This has caused investor confidence to return to the Australian economy and with Barclays having big problems we have seen Sterling encounter some problems. With many other banks under review over the next few days we could be in for a very problematic week for the Pound.
EURUSD has moved by almost 2% showing how strong the news has been received within the single currency and exchange rates are currently sitting at 1.2680 at the time of writing. GBPZAR has also weakened by 2% so investors are seemingly more confident in the more riskier currencies.
For more information please email me directly firstname.lastname@example.org for up to date exchange rate information.
GBPAUD AUDUSD AUDGBP USDAUD Foreign Currency Exchange Rates for the Australian Dollar GBP to AUD
The Australian Dollar remains strong against the Pound trading at levels of 1.55 this week as we come towards the end of the month. With Meryvn King rather pessimistic about the UK economy and hinting that the economy could face problems for the next 5 years we could see Sterling exchange rates drop against the Australian Dollar. However, he did point out that Asia and other emerging markets are struggling which could in turn have a detrimental effect on the Australian economy which has relied on China in particular for its rapid growth over the last few years. Mervyn King went on to say ‘over two years now we have seen the situation in the euro area gt worse and the problem being pushed down the road…there is just enormous uncertainty o
ut there, I have no idea what is going to happen in the euro area.’ If the Governor of the Bank of England doesn’t know what will happen next it is difficult for anybody else to know what to do especially when it comes to making a decision over when it best to secure your foreign currency.
Yesterday, Angela Merkel spoke about the shared liability for the Euro Zone and tomorrow it will be important to see how the summit finishes. For up to date information about how the summit is affecting exchange rates when buying Australian Dollars please contact me email@example.com quoting ‘Australian Dollar Forecast’ for preferential rates.
We have seen the Australian Dollar start to strengthen back up against sterling and the US Dollar recently. With gains of around 2.5% it is a slight concern for clients of ours that are looking at making a currency transfer to Australia.
The news this week coming out of Greece that a new government has been elected brought some relief to the Euro zone crisis and seemed to have boosted confidence amongst investors. This has led to the Aussie Dollar once again becoming very strong. However overnight we did witness th Aussie Dollar lose some ground due to some weak manufacturing data to come out of China.
Over the course of the weekend and the week ahead there are numerous meetings scheduled for euro zone leaders. Any concrete news for markets would probably come from Europe and the uncertainty of what comments may arise is what could make the rates move in one direction or the other. With a host of data out of China & the US next week it may be wise for you to keep in contact with us so we can be your eyes and ears on the market to help you maximise your exchange. feel free to email me at firstname.lastname@example.org
Going forward if you require buying Aussie Dollars I personally feel that we will see a range bound of around the 1.53-1.56 over the next week or two against the pound. If you have to make your transfer in this time scale then try and capitalise on a small movement in your favour. While against the USD the rates will probably hover around parity to 1.02.
Here on the trading floor we can place limit orders in the market for you so if there is a movement in your favour you do not miss the opportunity to trade. These limits can be left in a live market 24 hours a day, 7 days a week. We also make sure that the spread is extremely tight so that the rate is a lot more attractive than you trading through your high street bank hence making you a significant saving.
If you would like to be in contact with me to learn more on who we are and how we work please feel free to contact me at email@example.com Just quote AUD FORECAST and I will make sure that I come back to you to discuss your requirement and the options that are available to you.
The Australian Dollar has moved in a small range following the details about Operation Twist provided by the FOMC last night. The main purpose of the deal is to stimulate economic growth in the US which in turn should drive the global economy. The reason for the lack of currency movement for the Australian Dollar is that the markets had already anticipated the move. The AUD has also not moved much even though Chinese PMI data was slightly lower than expected. The figures for June came in at 48.1 which fell from 48.4 in May which was the eighth consecutive month that the figure has dropped.
All eyes will now focus on Spanish bond auctions taking place this morning and if the results are negative we could see an improvement for the Sterling vs Australian Dollar exchange rate as investors become more risk averse. The Aussie Dollar is higher than last month by approx 4% meaning the difference of £7,5000 on a AUD$300,000 currency transfer. i think we can expect the Australian Dollar to remain around these levels for the rest of the week as although many events have taken place such as the Greek elections, G20 and Bank of England minutes all have remained close to expectation which is why there has been little movement on the currency markets.
For further information please contact me directly Tom Holian firstname.lastname@example.org for opinions on the currency exchange rates. please quote ‘Australian Dollar Forecast’ for preferential rates when transferring Australian Dollars.
The Australian Dollar has strengthened today in the run up to the FOMC’s decision about whether or not to go ahead with further stimulus otherwise known as Operation Twist. The FOMC has been meeting for the past two days and is due to announce the decision tonight at 615pm UK time. The main aim of Operation Twist is to reduce long term interest rates and to encourage borrowing and spending in order to boost the economy. My personal opinion is that if the US decides to proceed with further stimulus we could see the GBPAUD exchange rate drop to as low as 1.53 tomorrow as investors look towards riskier currencies again. The Euro has weakened prior to the meeting but the Aussie has remained stable between 1.54-1.55. With the G20 summit creating some stability in the global markets and Greece now having formed a coalition government this morning we could see the Aussie strengthen.
With the Reserve Bank of Australia hinting that they will not be cutting the cash rate at its July meeting this could also be another reason why there’s been a boost for the AUD. I think Operation Twist has been priced in so it’s unlikely that there will be a large movement but potentially a small improvement nonetheless. For further information please feel free to contact me directly Tom Holian email@example.com quoting ‘Australian Dollar Forecast’ for preferential exchange rates.
Australian Dollar Forecast – Gaining strength back against Sterling on a daily basis again? What is happening and why?
Many of my regular clients have been in touch lately asking just what I feel may happen next with the Australian Dollar and in truth the outlook for those looking to buy Australian Dollars isn’t looking too great again for the short term. Personally I feel we will see rates get better for AUD buyers further down the line as I feel there is a lot more still to come from the problems in Europe however for the time being they may have managed to bat things off for a little while.
If the Greeks manage to agree a Coalition then I would expect the AUD to strengthen further over the course of this week, and this has already been the case so far thanks to the RBA (Reserve Bank of Australia) meeting minutes suggesting it was extremely close to not cutting rates in Australia last time out and this suggests we may not see another cut as soon as we had initially thought.
Intrerest rate cuts are usually seen as negative for the currency concerned and a hike in rates seen as positive, so the fact they may hold off may lead to the AUD gaining back some strength in the short term unless we here comments in the near future that suggest otherwise.
Personally my thoughts on the European crisis are that it is so deep that it will just keep coming back, and every time it does come back we will see the AUD weaken as it is seen as a riskier currency and in times of global crisis investors tend to shy away from the riskier currenciesand they can tend to weaken rather rapidly.
If you have an upcomnig transaction to carry out involving the Australian Dollar, Sterling or any other major currency and want better exchange rates than you are currently receiving from your current broker or bank email me on firstname.lastname@example.org quoting ADF in your subject header.
GBPAUD Australian Dollar Exchange Rate Forecast Australian Dollar Strength Best Rates GBP to AUD
Both the Australian Dollar and the New Zealand Dollar have strengthened since the Greek election news from Sunday and there is a strong likelihood that there will be more appetite for both currencies. With Greece now likely to stay in the Eurozone this has allowed confidence to return to the markets. Mineral exploration spending has hit a record high in Australia and with a strong performance in the services sector in New Zealand it potentially provides both currencies with more opportunity to strengthen against the Pound. The Reserve Bank of Australia’s minutes released this morning showed it was close decision to cut interest rates so it is more likely that there will be no change next month.
However, one problem that the Australian Dollar exchange rate could face is that if Spanish bonds continue to get close to 7% they could be in line for the next EU Bailout which could dent the recent strengthening for the Aussie Dollar. The US Federal Reserve meet tonight to discuss whether or not to put more stimulus into the US economy which could harm the Australian Dollar. However, if the FOMC do not make any movements we could see the AUD strengthen against both Sterling and the US Dollar. Currently GBPAUD is sitting at 1.5460 on the Interbank level.
If you have a currency requirement to make and would like to know how to save money when buying Australian Dollars please do not hesitate to contact me Tom Holian quoting ‘Australian Dollar Forecast.’