Australian Dollar nears record high against the Euro – AUD EUR rates may break through today

Will Sterling Weakness Continue to Help the AUD to GBP Rate Improve?

Good evening readers,

Those of you with an interest in converting Australian Dollars to Euros will more than likely be looking at the markets with quite a smile on your faces at the moment as the exchange rate nears a record high. We have touched inside 0.50% of breaking record levels and today could be the time that it breaks through.

We have the European Central Bank interest rate decsion due out at 12:45pm GMT today and this may throw up the final push that this rate pairing needs to hit the next level, and a record breaking one at that! Europe has been quite the talking point over the past few years and with the Australian economy still performing fairly well with some thanks to China the Australian Dollar has followed suit and virtually had a man of the match performance in this global economic crisis.

If you have had your sites set on buying a property in Europe, you are emigrating back to Europe or there is a boat you have your eye on then now may be the perfect time to make full use of the strength of your currency while it is still in such a great position. I can assist you with this if you do have a requirement such as this both in terms of being proactive and keeping you up to date with what is going on and by securing you the best possible rate of exchange when you do carry out your transfer. I reguarly find I can better rates from companies such as Oz Forex or any high street bank so feel free to contact me directly on djw@currencies.co.uk and I shall be more than happy to help you.