Tag Archives: the best AUD rates

When will we hit 1.50 again?

March 21, 2013   AUD to GBP, Australian Dollar Forecast, Australian Dollar Strength, Australian Dollar Weakness, Best Rates

The is the question I am being asked and it is a very valid one. I think it is fair to say that it will happen, but it is going to take a big push and a reversal of the current market sentiments.

If you want to understand what moves the Australian dollar, you need to understand a little about sentiment and how investors view the Australian Dollar. Despite being one of the best performing economies in the last few years the Australian currency is viewed as risky. This is because historically viewed against the pound, dollar, euro and Yen, it was. Not in a sense that it would collapse but in the sense that is was more susceptible to market fluctuations and hence investing in the Aussie by pension funds, hedge funds and banks was ‘riskier’.

Fast forward to 2008 and you can see that as uncertainty rocketed the Aussie weakened but then as it became apparent Australia would be insulated from Western problems and could rely on Chinese demand for their raw materials, the Aussie soared in value. The Aussie has become more and more popular this year as China’s economy has remained bouyant. If you are looking to trade at 1.50 buying Aussie or indeed have targets selling AUD to buy GBP, please contact me on jmw@currencies.co.uk and I can watch rates for you.

The Aussie gains against sterling have also of course been aided by the sterling decline of late. Should you be looking to hit 1.50 you will need to see some uncertainty creep into the market as well as the pound find value. Cyprus does create a bit of uncertainty which could lead to an Aussie sell-off but alone it does not represent a significant threat to the global economy. The pound too looks unlikely to find much support so unfortunately the immediate outlook for anyone buying Aussie looks bleak.

Longer term I do expect some moves higher once sterling finds it feet. If you have a currency transaction to consider involving the pound or the Aussie (or indeed any other currency) please don’t hesitate to contact me. I work as a specialist currency broker for a leading UK currency brokerage and can outline possible solutions to any currency transfers which you need to consider at no cost or obligation. Please contact me Jonathan on jmw@currencies.co.uk or call 00 44 1494 787 478 for more information.

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When should I buy my Aussies? What has happened to GBPAUD?

February 26, 2013   AUD to GBP, Australian Dollar Forecast, Australian Dollar Strength, Australian Dollar Weakness

GBPAUD has thanksfully for Aussie buyers recovered slightly although I doubt many people out there who need to buy them are celebrating too much! I am not going to dress it up, the rates for buying Aussies are pretty dire. This makes it even more important to make sure that if you are considering a transfer involving the Aussie you are doing everything you can to maximise your exchange. Our best levels lately have been about 1.48, I know some banks have been about 1.45 or worse! To check if you are getting the best deal you can make a free comparison with me by emailing jmw@currencies.co.uk

As I predicted last week here GBPAUD did test the all time low and actually broker through it. No one could realistically have predicted exactly the UK would lose the triple dip but the bad news circling sterling indicated to me it could happen soon. No one can 100% predict the future but by making sure our clients are properly informed of market movements and trends, they can trade at favourable times and don’t suffer unnecessarily. If you would like more information totally free at no obligation please feel free to make contact directly on jmw@currencies.co.uk

I think the rate will continue to move lower by a couple of cents this week due to GBP weakness. There is more GDP data tomorrow and I cannot see the pound finding much support at these kind of levels. Now we have tested a new all time low 1.4627 it is highly likely we will again soon, particularly if Chinese news continues to be positive and UK news negative. Friday’s sharp movements highlight just how important it is to be up to speed on rates so to make sure you don’t miss out please register your interest with me on jmw@currencies.co.uk

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The Aussie Dollar increases in value against the Pound, US Dollar & YEN. (Ben Amrany)

January 11, 2013   AUD to GBP, Australian Dollar Forecast, Australian Dollar Strength, Best Rates, GBP to AUD

The Australian Dollar has been on a rollercoaster ride against a range of currencies this year.

AUD has spiked to a fresh four-year high against the yen as Japan’s new government pledged dramatic changes in monetary easing which is supposed to revive Japans economy. The dollar breached a fresh four-year high of 94.51 versus the YEN, putting it on track to post a 4.5 per cent increase since January 1. Great time to be buying the YEN but I feel the rate could even increase further.

Against the USD the Aussie has been trading at around the 1.06 level as the USD has recently weakened on the back of investors moving into riskier currencies like the Aussie Dollar. This is the highest level since around September 2012. If you are buying USD with your Aussies things are looking very favourable.

Against the pound the Aussie has once again been the winner. The rate has increased significantly since Christmas with a movement from 0.6381 (1.5671) to 0.66 (1.5151) before today dropping off slightly to 0.6557 (1.5250) The increase for the Aussie Dollar has made many of my clients capitalise on the rate increase and sold their Aussies to buy the pound over the last 48 hours. If you are buying Aussie Dollars then things are not looking great but we have been around the same levels for a year or so and it is unlikely that we will see any significant increases in the first part of this year. At least if you move your funds to Australia now you will be looking at getting around 3 times more interest on your funds than you would in the UK.

If you have a requirement to buy or sell the AUD then please do feel free to contact me at bma@currencies.co.uk and I will explain all the options that are available to you to help you minimise your risk to the market. I will also explain how we can help assist you with your money exchange as we can offer significantly better rates than that of your bank. Plus we have a policy to try and make sure will beat any quote that you have been offered.

If you would like to find out more please do email me at bma@currencies.co.uk and I will come back to you straight away.

I look forward to hearing from you.

Ben Amrany

 

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What will happen with the Australian Dollar over the next week?

June 22, 2012   AUD to GBP, Australian Dollar Forecast, Australian Dollar Strength, Best Rates, GBP to AUD

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 bma@currencies.co.uk

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 bma@currencies.co.uk 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.

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Aussie strengthens as RBA keeps rates on hold

February 7, 2012   Australian Dollar Forecast, Australian Dollar Strength, Australian Dollar Weakness, GBP to AUD

We have seen the Aussie strengthen following the decision by the Royal Bank of Australia to keep interest rates on hold. It was widely expected they would cut rates and as such the Aussie weakened. This move has caused the Aussie to strengthen and underlines the ‘buy’ opportunity we highlighted to clients.

As important as interest rate decisions are, I still think the Greek debacle is the one to watch for! There is now 6 weeks to the day until Greece needs to find 14.4bn euros to pay its latest debt obligations. Good luck finding that under the mattress! The ongoing political deadlock is weakening the Euro but will affect risk aversion. Of course we know the Aussie’s strength is more fundamental but it will still in my opinion be the biggest mover of rates and probably the catalyst that causes a break from the 1.4620-1.4820 levels we have been trapped in for the last week.

Unfortunately I don’t think there is much more good news this week for anyone buying Aussie dollars as the prospect of further QE looms for the UK. I must say however that considering the recent impressive data for the pound we may not actually see any QE and as such the pound could find some strength. If I had to put my neck on the line I would say we probably won’t see any QE but that doesn’t mean you shouldn’t consider it. It is the unexpected that can cause market movements after all.

As the saying goes ‘Hope for the Best, Plan for the Worst’

If you would like to find out any further information relating to not only the Aussie but any other currency please feel free to get in touch on jmw@currencies.co.uk

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Aussie fairly steady on mixed data

February 1, 2012   GBP to AUD

The big overnight news on the Australian dollar was new home sales falling for December dropping 4.4%. A strong property market has helped fuel Australia’s solid growth numbers and this worrying sign caused an early morning sell off, compounding yesterday’s sell off over fears at Greek debt talks stalling. 

This was cooled later by better than expected Chinese PMI (Purchasing Managers Index) data showing an above 50 reading indicating growth in Chinese manufacturing for January. Contrary to the wider expectations China is slowing down, I feel China will continue to fare well this year, particularly as US demand appears to be picking up. Other Chinese data out showed domestic demand and net exports falling but this is probably reflecting the overall international situation. I don’t feel it is a sign of a serious problem or the start of a ‘demise’ in Chinese economic strength. It is the year of the dragon after all!

UK PMI for Manufacturing showed an improvement which gave the pound a boost but GBPAUD has been pretty range bound today between 1.4752 and 1.4880. PMI incidentally is Purchasing Managers Index, it is a snapshot of Purchasing Managers attitudes to their business and provides one of the most up to date sources of information on how that particular area of an economy is faring. Watched closely by investors it often has the propensity to move the market one way or the other.

Tomorrow at 09.30am GMT we have UK Construction PMI, Australia Trade Balance figures and Friday US Non – Farm Payroll data and probably most importantly the outcome of the Greek debt talks. As discussed in yesterday’s post the Aussie will suffer and benefit as investor’s attitude to risk change. The Greek debt talks are a major hurdle that needs to be cleared before investors have faith to move funds. The Aussie is I feel becoming more and more of safe haven in these uncertain times as it has gone from strength to strength and offers a good return to investors.

If you have are buying or selling Aussie dollars I can help make you aware of all the issues surrounding your trade as well as help with the very best rates in the process. I think the Aussie is going to remain strong so anyone looking to buy the Australian dollar needs all the help they can get! If you would like to find out more information about our highly personal service I will be more than happy to have a chat and explain your options. Just send a mail to jmw@currencies.co.uk detailing what you need to do!

 

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