GBPAUD rates above 1.80 still!

Australian Dollar Forecast: AUD Holds Firm Against US Dollar

Such a feat should not be taken for granted with rates generally around 1.5-1.6 for the last few years. With the UK unlikely to raise interest rates until well into 2015 it is unlikely we shall see any major improvements on this pairing for those buying the Aussie. Why take the risk? Had AUD buyers of the last few years been presented with these rates they would have been extremley pleased!

Often we take exchange rates for granted and rather than sit there hoping rates will just magically go up it is important to recognise where they have been and why they do what they do. For more information on the current forecast on the Aussie and getting the best exchange rates please contact me Jonathan on jmw@currencies.co.uk