Tag Archives: usdaud
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 firstname.lastname@example.org quoting ‘Australian Dollar Forecast’ for preferential rates.
Australian Dollar Forecast GBPAUD AUDGBP AUDUSD USDAUD Best Rates GBP to AUD
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 email@example.com
GBPAUD AUDGBP USDAUD AUDUSD Converting Australian Dollars Exchange Rate Forecast Moving Money to Australia Sending Australian Dollars GBP to AUD Best Rates
The GBPAUD exchange rate is once again hitting levels 1.61 today following the EU summit currently being held in Brussels. The summit is intended to come up with a plan to resolve the European Debt Crisis but as yet no solution has been offered. the hopes for the meeting is to create a pro-growth approach and getting the ECB to issue Eurobonds in an attempt to support the Euro. However, the previous Greek PM Lucas Papademos’s comments that Greece may leave the Eurozone have added to the negative feeling currently being felt across the continent. The Sterling rate to buy Australian Dollars has ranged between 1.5993-1.6123 during today trading session so far.
The UK GDP Q1 revised figures came out at -0.3% which was worse than the previous estimate but this has not been reflected in the currency market. It seems to me that most investors are waiting to see what will happen with the summit before there is the next swing for the currency market. However, with the UK officially in recession and the Queen’s Jubilee next month with two additional bank holidays there is a risk to output for the UK which could in turn harm our GDP for Q2 and potentially keep us in recession. There is potential for the UK to perform further QE which is currently at £325bn and Christine Lagarde from the IMF suggested there is room to cut interest rates in the UK but she has also back the government’s austerity drive aimed at cutting the UK budget deficit.t
China’s May PMI for manufacturing has dropped to 48.7 the lowest reading in a year after April’s figure of 49.3 showing that economic growth in China is slowing down. the Chinese government have intervened recently by increasing public housing, investment and consumption but it is clear that there is a slowdown which could in turn weaken the Australian Dollar against the Pound. With Europe slowing down as well this could harm China’s growth via exports and which could also harm the Australian Dollar as it relies so heavily on China. I believe that the Australian Dollar Forecast will remain between 1.60-1.62 until we see what’s happening with the issues surrounding Europe.
For further information please do not hesitate to contact me Tom Holian firstname.lastname@example.org quoting ‘Australian Dollar Forecast’ in the subject title for preferential exchange rates.
GBPAUD AUDGBP USDAUD AUDUSD EURAUD AUDEUR Buying Australian Dollars Moving Currency Sending Money Abroad Australian Dollar Forecast
GBPAUD has again hit 1.60 today as fears of what’s happening politically in Europe has weakened the Australian Dollar. Yet again weak Chinese economic data has also done the same. The immediate issue in Europe is the problem in Greece which has been pushing the Australian Dollar in a downwards direction and this could continue until things are resolved. in recent voting in Greece the general feeling is anger towards the austerity measures imposed by the EU in order to get further bailout funding. Greece’s ruling coalition has yet to receive majority meaning the government is yet to be formed and it’s likely voters will have to go back to the polls. No parties have yet agreed to form a government. If it is not formed it is likely that Greece will not be able to put in place the austerity measures and therefore not receive the next bailout resulting in them putting at risk their membership with the single economic area. The impact this has on the Australian Dollar is that investors are anxious about riskier currencies and are worried about how a European slowdown will affect the commodity rich country of Australia.
Chinese data showed April’s industrial production dropping as to its lowest level in almost ten years which has pushed the AUD down against the Pound hitting 1.6078 at its highest level during today trading session. Inflation figures were also a little lower which could allow China to amend its current economic policy in order to get the country moving. If China continues to report a slowdown expect to see the Australian Dollar vs Sterling move towards 1.63 during next week’s session. For further information on how to save money when converting Australian Dollars please contact me directly quoting ‘ADF’ on 01494-787478 or email me Tom Holian email@example.com
GBPAUD USDAUD Transferring Australian Dollars Buying Australian Dollars Exchange Rates Australian Dollar Forecast AUD to GBP
The Aussie Dollar strengthened against Sterling following the 1% movement during yesterday’s session following the surprise 0.5% rate cut by the Reserve Bank of Australia. Investors are now looking to focus on the positive data that is coming from both the US and China. To me I believe that the rate cut has meant unwinding of positions for the AUD and money being moved to Sterling for the safe haven benefits both socially and for economic reasons. Although the UK base rate is only 0.5% and the lowest in history the UK is attractive for those who are risk averse.
The difference for exchanging AUD$ following the interest rate announcement was 1% or £1,900 on a AUD$300,000 currency transfer.
Chinese data out this week showed that manufacturing sector was the strongest in over a year and also the US showed that they grew for the second month in a row in April. It will be interesting to see what happens over the next month as the market takes a big breath following the rate cut and how Sterling Australian Dollar will perform. I still believe we will see 1.60 during May as the Pound looks as though it is gaining strength on most major currencies and therefore is likely to move towards the level of 1.60.
ANZ Banking Group posted its first half profit which grew by 10% to just under $3bn but also commented that its margins in Australia are slowing. However, it has been said that the RBA’s 50 basis point cut could result in a loss of $120mn over the next 6 months. As one of Australia’s leading banks this will clearly put on pressure on the AUD$ over the next few months.
I would be interested in hearing your ideas as to how the currency market is performing and for any other currency pairs you may be interested in please drop me a line Tom Holian firstname.lastname@example.org