6 year high for buying Australian Dollars with Sterling (Tom Holian)

Australian Dollar Forecast: Why is the AUDGBP Rate Falling?

Sterling vs Australian Dollar exchange rates have hit the best exchange rate to buy AUD for 6 years on Friday as the Australian Dollar seemingly went into free fall.

Big worries still concern global investors about the Greek referendum due to take place tomorrow with the Greeks voting for a yes or no.

The problem for the Aussie Dollar is that owing to its reliance on commodity prices any global uncertainty often leads to a fall in the value of commodities and hence the fall for the Australian Dollar.

Rates went into the 2.08 levels for a brief period on Friday afternoon’s trading session and 2.10 could be hit early next week so if you have a transfer to make then keep a close watch out for the movements over the next few days.

If you have a currency transfer to make and want to save money on exchange rates compared to using your own bank then contact me directly for a free quote. Tom Holian teh@currencies.co.uk