If you need to buy or sell Australian dollars in the future now is the right time to be thinking about when to make your exchange. The rate has recently reached levels not seen for 6 years! Begging the question what can we expect next? Well this week is a range of data likely to move the market. For more information on when is the best time to change up your currency please contact me Jonathan on [email protected]
This evening is the Australian Interest rate decision and then tomorrow is Australian GDP (Gross Domestic Product). Following a slowdown in Australian and a general decline in the Chinese economy, the boom that has helped keep the Aussie currency so strong for so long is now day of the Aussie looks over.
With a strong likelihood the AUD will weaken further AUD sellers shouldn’t in my opinion hang on too long. For assistance moving funds from Australia back to the UK at the best rates please contact me Jonathan on [email protected]