The current forecast to sell Australian dollars is rather uncertain due to a number of global factors including the performance of the Chinese economy, the likelihood of a US interest rate hike and the strength of the currency you are buying with Australian dollars. The Australian dollar has been on the back foot in recent weeks as many predicted there could be further interest rate cuts down under and that we might see the RBA discuss intervention.
In short the Aussie is still in some respects overvalued from an investor point of view. When you consider the fundamentals the expectation is that the pound and Euro will longer time make gains against the Aussie. If you need to buy or sell Australian dollars getting an understanding of the latest market conditions and achieving the best rates is the only way to maximise your transaction.
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