The Reserve Bank of Australia state that they will be keeping a close eye on the strength of the Aussie Dollar

Pound Pushes Higher Against the Australian Dollar on Recent Economic Divergence

As the Australian Dollar continues to strengthen to all time highs against sterling exchange rates the Reserve Bank of Australia (RBA) has stated that they will be closely monitoring the strength of the Aussie Dollar against the Australian economy.

For those of you that require buying AUD these comments may bring a small glimmer of hope because if the RBA feel that the strength of the Aussie will effect their economy (exports) then they may in the future look to artificially weaken the economy like the Swiss national bank has done in the past. They could do this by selling off billions of Aussies or by reducing their interest rates.

If you have Aussie Dollars to sell to buy any of the major currencies (GBP, EUR, GBP) then now may be a fantastic time to maximise your exchange. If you would like an idea on the level of savings that we can offer over the high street banks and to get our expert opinion on the outlook for any major currency pair then please feel free to contact me Ben Amrany at bma@currencies.co.uk.

To give you a quick background, we are currency brokers and have been in the industry for years, this site was set up set up two years ago to give clients simple but informative information and now have 20,000 people a month stop by for information.

Last year we had thousands of people get in touch with us through the site, of which hundreds have already used us and we have saved them money over their high street bank or current broker. Please do feel free to contact me at bma@currencies.co.uk and let me know what your requirement is and we can have an informal chat about the options that are available to you.