Tag Archives: GBP to AUD
Exchange rates are much like weather, accurate predictions are almost impossible. You can make as much preparation as possible but still be caught out by unexpected changes.
Exchange rates like weather do follow reasonably predictable trends with certain limits however. It would be a shock for it to start snowing in July in the UK but not impossible. This is similair to saying GBPAUD could go to 1.70. It could but it is highly unlikely.
Understanding what is driving the rate and is keeping levels where they are is a key component of getting the best deal. All too often we have clients who have a short term requirement and is magically hoping for the exchange rate to climb sometimes 10 cents in a short space of time.
Getting the best rate may actually mean trading at a level you previously did not want to. As many a wise man and woman has stated it is often best to hope for the best, plan for the worst. Some kind of contingency plan is always sensible to make sure you do not miss out. For a free, no obligation discussion of your currency transfers please feel free to contact me directly. Getting your timing on a currency deal is very important so even if your transfer is just a one off do not hesitate to get in touch for more information. Think of it as putting an umbrella in your bag when you don’t know quite what the weather may do. It will only take you a minute to do but could end up being a godsend if you need it.
You can contact the author directly on firstname.lastname@example.org or call (+44) 01494 787 478.
Important few days for anyone interested in GBPAUD Exchange Rates. Will we hit 1.50 by the end of the week??
Currency markets move on trends and there is currently lots to be positive for on the Australian Dollar. This is why the Australian Dollar is touching some of the best rates in 6 months.
When will we hit 1.60? This is a question I am being asked frequently by people looking to move their life savings or house sale funds over to Australia. For the time being such rates look out of the question and it looks like anyone with their heart set on such levels may have to wait a long time, indeed it is likely the rates could get worse before they get better.
The Chinese Effect This Friday we have a whole host of Chinese data released to the markets, the key release for me being Chinese Gross Domestic Product or GDP. This is a measure of how their economy is growing. The rate has in recent years been slowly falling but we have seen it steady in recent months, an indication that the economy is not about to suffer a ‘hard landing’.
Make no mistake this is the release which could really affect sentiments on the Aussie. Quite simply if China is doing well, the Australian dollar will perform better. It will therefore become more expensive to buy.
What may happen on Friday? Well the recent Chinese data sets have showed good data in Manufacturing sector, a key component of Chinese GDP. Non Manufacturing data was also positive so it is difficult to see evidence of any ‘hard landing’ or even a soft landing. Also the Chinese trade balance figures improved and this all points to an economy faring well.
Consequently we could easily see some positive data lend further support to the Australian dollar making it yet more expensive to buy. The pound is looking very much on the backfoot at present and further gains towards 1.50 look very real. Saying that a bad data set could easily tip the scales back in the favour of those buying Aussies. On balance I would expect 1.50 to be hit before 1.60…
To be kept up to speed on the latest news and future outlook on any transfers involving the Australian Dollar please feel free to speak with me directly. I work as a specialist currency broker and can offer information on the tools to get you the very best rates of exchange. email@example.com , 01494 787 478
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.’
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The Australian Dollar has continued to strengthen against the Pound this week and the exchange rate has hit 1.56 on Interbank level today. The AUD has even moved to within half a cent of parity against the US Dollar even though markets remain jittery about the upcoming Greek elections. The elections due to take place in Greece on June 17th will hopefully put to bed the uncertainty surrounding the Eurozone but a lot of people still remain negative about the result. One of the reasons for the recent return to strength for the Australian Dollar is the mounting speculation that the Federal Reserve’s potential plans to stimulate the economy could come in and therefore encourage more investors to place money in the Australian Dollar.
The World Bank has warned that developing countries will grow by 5.3% this year down from 6.1% in 2011. The Bank issued warnings that the Eurozone debt crisis could negatively affect both Spain and Italy and with bond yields in Spain hitting 6.81% this is the highest rate since the launch of the Euro back in 1999. If developing countries struggle this could have a detrimental affect for many countries across Asia and therefore Asia’s growth with Australia could slow and harm the Australian Dollar.
For further information please contact me directly quoting ‘Australian Dollar Forecast’ for preferential rates when transferring currency. Tom Holian firstname.lastname@example.org
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The Australian Dollar has recovered against Sterling since last week after it hit 6 month lows. The general feeling within the market is that the movement was exaggerated but personally I feel the AUD is in for a troubled period. With negotiations breaking down to form a new coalition government in Greece the country is prepared for a new round of elections due to take place on 17th June. If a government cannot be formed the austerity measures cannot be agreed and if so the EU Bailout Fund is unlikely to put more money into Greece. It could be argued that the market has priced in this problem and that Europe will defend its Eurozone partners but we are in unprecedented times. This week there is very little news for the Australian Dollar so focus will remain on the ongoing European Debt Crisis.
Spanish bond yields have dropped which is encouraging for the Eurozone and reduces the cost of borrowing for Spain. The lowering of the risk of Spain defaulting has helped to push Australian Dollar back from 1.61 to 1.60 this morning. The G8 summit is currently working on a package to resolve Europe’s financial woes. retail spending has been up in Australia in April for the ninth consecutive month but the rate is slowing, again signs that Australia’s wider economy is slowing down. Indeed on Wednesday the Westpac leading index is released which measures 9 areas of economic activity. This will provide us with an insight as to how the economy is performing and could move the Australian Dollar either way.
Interestingly the Japanese Yen saw a huge strengthening last week as GDP figures came out higher than expectation. This also led to a small sell off os the Australian Dollar and another reason why Sterling strengthened to 1.61. For further information about buying Australian Dollars feel free to contact me Tom Holian email@example.com quoting ‘Australian Dollar Forecast’ for preferential exchange rates or call me directly on 0044-1494-787-478.