Tag Archives: dollar
Australian Dollar Exchange Rate Forecast – Andrew Bromley
When will we be trading at 1.60? Not long in my opinion!
This afternoon the pound has weakened against most currencies, including nearly half a percent (at the time of print) against USD. It has not however weakened to the same degree against AUD, re-confirming that that AUD is not in favour for investors. 
This Morning Australia released Australian Home Loans (Total of Australian Mortgages), Investment Lending and NAB (National Australia Bank) Business Confidence. Business confidence was down but there was a strong reading for Home Loans. A surprise as a weakening currency is quite often supported by that countries businesses, as it makes it a bit easier on the pocket to trade internationally!
My opinion is that Sterling will strengthen against the Aussie Dollar further, and that in summer we will be trading in the 1.60s.
Should you be looking to sell some Australian Dollars, please drop me a line to discuss your options. There are many contracts available to eliminate potential loss from adverse currency fluctuations.
I work for a market leading Foreign Exchange company, with various awards from ‘The Times’ and ‘The Telegraph’, including best exchange rates.
You can reach me on 01494 787 478 or email me AJB@currencies.co.uk .
Thank you for reading
Andrew Bromley
Sterling slowly gaining against the Australian Dollar
The Pound has had a great run against the Australian Dollar of late, gaining almost 5 cents in the past few weeks.
At present, with buying levels now over 1.50 it does become quite a temptation to buy Australian Dollars if you have been waiting to make a purchase since the start of the year.
From what I hear from friends over in Australia things are not as great as have been made out and with China seemingly slowing down ever so slightly there may be a little more room for improvement in GBP/AUD rates as long as the U.K can avoid moving backwards again with their economic recovery.
Be very wary though if you do have a pending property transaction to carry out and the current level is within budget it may be tempting toat least book half of your currency just in case the AUD does have another charge of strength which we can never rule out.
Today is key for the Pound with production figures out at 09:30am and the Bank of England interest rate decision due at 12:00pm. Should the Bank of England not have changed their plans surrounding Quantitative Easing then the Pound could creep up a little further.
If you are in the position where you need to buy or sell Australian Dollars for any major currency then I can help you both in terms of a great rate of exchange and a fantastic level of service. You can contact me on djw@currencies.co.uk please let me know a brief description of your requirements and a contact number and I shall be more than happy to help you.
Sterling – Australian Dollar on the up? Even the IMF downgrade does not seem to be denting a potential shift back up (Daniel Wright)
Sterling – Australian Dollar rates have started to creep back up in the right direction so far this week which is much better news for those looking to buy Australian Dollars.
Yesterday the IMF actually downgraded growth forecasts for the U.K which dented the Pound against the majority of major currencies yet Sterling held its ground against the AUD which is a promising sign if you have been holding out to send over the money from your U.K house sale over to Australia following your emigration.
Chinese GDP figures slowing and the potential of an imminent interest rate cut for Australia are starting to weigh down the AUD ever so slightly and personally I feel we could finally break back above 1.50 in the coming days…. As long as the Bank of England do not throw a spanner in the works with their latest interest rate decision meeting minutes released a little later this morning.
If you have a pending currency transfer to carry out and you want the very best exchange rates to either buy or sell Australian Dollars then contact me directly and I will be happy to help you compare with your bank or current provider.
You can contact me directly djw@currencies.co.uk please quote ADF in the subject title and leave me a number to call you on, I look forward to speaking with you.
GBP/AUD above 1.48, will we see 1.50? GBP/AUD Exchange rate forecast.
Sterling has rallied back above 1.48 against the Australian Dollar for the first time in nearly 6 weeks, will we see the pound recover to 1.50? Following the poor growth forecasts released by China the AUD has fallen nearly 3 cents in just over 2 days and has created a short term opportunity for anyone in a position to take advantage. Long term this may well be a pattern that continues and particularly if we continue to see a slow down in China then the AUD is a currency that is likely to take a significant hit. However short term buyers of the dollar also need to keep a close eye on any further announcements from the UK with regards to QE (clues will be given tomorrow when the Bank of England release their latest minutes from this months interest rate decision). Any hint towards QE and the recent gains for the pound could be evaporated. Looking to next week watch out for the 25th April when the official GDP data will be released, if the UK can avoid the triple dip and the bank decides against QE then I believe we will see 1.50 by the end of the month.
Should you have any upcoming money transfers to arrange and you have found this blog useful then why not contact us to see what we can do for you? The purpose of the site is to give you independent market views to help you make an informed decision with your currency exchange. By giving yourself as much information as possible it can put you in a far stronger position when attempting to maximise your currency exchange, allowing you to limit your exposure to adverse market movement. Should you wish to find out more about the specialist currency service we provide, whether you are a private or corporate client, then we can help. Please get in touch either on 01494 787478 or by emailing me with a brief description of your individual requirement and I will happily contact you and run through your options. You can reach me direct at mgv@currencies.co.uk
GDP estimates this afternoon could be key for short term GBP/AUD movement
Recently the Australian dollar has continued its ascent against the pound moving close to record highs, nearly breaching the 1.45 barrier. Today we have a number of data releases which if positive could give the pound a shot in the arm. At 09:30 we have industrial and manufacturing figures from the UK. These have been very negative of late and any improvement could give the pound a much needed boost, however should this negative trend continue then watch for further sterling weakness. This mornings data is followed by UK GDP estimates at 15:00. These figures will be eagerly anticipated to see if the UK is on path to escape the triple dip recession.
For me this is key to the short term trends for the pound. We have a central bank that have openly talked down the value of sterling an a last ditch attempt to claw the UK out of recession and figures are suggesting this could be a very close call. If official GDP data from Q1 is at 0% or better then recession has been avoided and I a long overdue correction for the pound could be seen. Anyone buying AUD may see some opportunities if today’s estimates are positive, however should you be selling you will find it difficult to find a better time to sell AUD. Rates have moved some 8% since the start of the year, a pretty good return in anyone’s eyes and a real opportunity should you be selling.
To discuss the best way for exchanging your currency and to see what rates we can achieve then please contact the office on 01494 787478. Alternatively please email me with a brief description of your currency requirement and I will happily run through the next step and types of contracts we can offer. Please email Mike at mgv@currencies.co.uk for more information.
Will we see interest rate cuts from the RBA? GBP/AUD forecast
As most followers of this blog will be aware, and certainly anyone with an interest in GBP/AUD, the pound has suffered at the hands of the Australian Dollar since the start of the year. Should you have an upcoming position to buy AUD I would certainly suggest you take stock and consider your options, likewise anyone selling Aussie dollars you could struggle to see a more favourable time to exchange. Indeed levels against sterling are close to the record highs of 1.4549 in February 2012 – should you be selling a word of caution, by May 2012 rates were back to 1.60, a reversal of 9% in 3 months.
I am not suggesting the market will rebound this dramataically but I for one feel the Reserve Bank of Australia will continue with its stance on interest rates and I would expect interest rate cuts throughout the year. I feel short term (1-2 months) those buying AUD with the pound will continue to be disappointed but I can see a correction towards 1.52/53 on the AUD in Q2.
Should you find this website useful and you are one of the many thousands looking at moving money in the coming weeks and months then please contact me on 01494 787478 or by emailing mgv@currencies.co.uk
As a specialist foreign exchange broker we have a number of different contracts to help private and corporate clients alike. To find out more and to see what savings can be made when compared to the high street banks and other institutions then please email mgv@currencies.co.uk with a brief description of your transfer and I will gladly be of assistance.
Will GBPAUD test the all time low? Have you made provisions for this market?
The strongest the Australian dollar every reached against the pound was 1.4660 Feb 10th 2012. Unfortunately the nature of exchange rates means that once you lock into a rate it is more than likely that at some point in the near future a better price will be seen. That is the way markets work, catching the top or bottom of any market is almost impossible. You don’t know you have reached the top or bottom until it drops the other way. And by then of course you have missed the peak! GBPAUD is currently testing the all time low of 1.4660 with rates around 1.47-1.48.
Will we break 1.4660? The reasons for AUD strength in recent years remain. The reasons for GBP weakness also remain and therefore it is very likely that we will see GBPAUD drop to 1.45 soon as on balance the pound appears to be weaker currency and to have less going for it. Chinese and Asian data is remaining strong and the UK is looking likely to lose its triple A rating very soon. Next week we have UK GDP data which will confirm whether or not the UK economy contracted in Q4 2012. The revision is expected to confirm last month’s data that does point to a UK in recession.
The pound is continuing to slide and it is looking highly likely it will continue to fall in the future. You can read my own personal assessment on why the pound is so weak on our sister site here. Even if you do not need to exchange today making some small careful preparations ahead of the need to exchange could work very much in your favour.
Should you have an overseas money transfer to consider and would like to find out about getting a better deal (whatever your currency pairings) it is highly likely I can save you money and help with the timing of your exchange. For more information please contact me directly on jmw@currencies.co.uk , I look forward to hearing from you and assisting with your situation.
A slight rebound for Aussie rates.. How far can we expect it to go and will it last?
GBPAUD has rebounded after touching the lows of 1.50 over a week ago. Australia has called an election for September which has potentially created some uncertainty. I expect the Aussie will weaken in the short term and that we could see some better buying levels, however these are unlikely to be sustained.
Tomorrow we have the HSBC Manufacturing PMI from China which is usually one of the big market movers on AUD as the Chinese economy is one of the big drivers of Aussie strength.
The current trend lately has been Aussie strength and there does appear to have been a little uncertainty creeping back into the market, particularly with the US economy reporting -0.1% growth this week. I expect the Aussie could weaken by a cent or so tomorrow unless the PMI data is much better than expected. If you are buying Aussies this could be a good time to buy since generally speaking the UK and the pound is suffering at the moment.
If you have an AUD currency transfer to consider why not get in touch to be kept up to speed with the latest news and events that will move your rate. We always aim to get our clients much better rates than other sources and would be pleased to speak with you to ensure you don’s suffer at the hands of bad exchange rates or complacency. Please feel free to contact me Jonathan directly on 00 44 1494 787 478 or email me jmw@currencies.co.uk for more information.
I look forward to hearing from you, thank you.
