The Australian Dollar clawed back over cent in losses today after deputy governor of the RBA stated that he expected to see a lower AUD overtime and reiterated that the central bank would not rule direct intervention in or out. At one stage the AUD/GBP recovered back to 1.7565 but has once again weakened to 1.7690.
I feel that the markets are expecting some sort of intervention by the central bank in the future. Hence why Lowe’s comments did not help the AUD stay at the levels we witnessed over night. Not great news if you have AUD to sell but a relief if you are buying the Aussie.
This morning since we opened for trading in the UK I have had many clients capitalize on the spike again and secure their AUD on forward and spot contracts.
If you are looking to buy or sell the AUD and would like to achieve more for your funds by getting a better rate than what the banks would offer then please feel to get in contact with myself Ben Amrany at [email protected]
I offer my clients a personal service with your exchange and assist many clients both here in the UK and Australia. if I know the volume you are looking at exchanging along with your timescale we will try and help you judge when you should convert your funds and explain the options available to you.
If you are in the situation needing to move money internationally and looking for the best price – please feel free to contact the author – Ben Amrany – via the telephone number at the top of the page or via email at [email protected]