In less than 8 hours the Reserve Bank of Australia are set to release their latest interest rate decision. Many analysts are predicting a cut as inflation has fallen in Australia and there has been a global slowdown.
Past history tells us, when the central bank cuts interest rates the currency devalues. Therefore in this case the Australian dollar should devalue if the RBA cut rates which is good news for anyone looking to buy the Australian dollar in the short term.
However for clients who are transferring sterling into Australian dollars the Bank of England release their latest interest rate decision on the 4th August. Again a cut is predicted therefore the potential window might only last a few days.
If you have a currency exchange to make involving the Australian dollar, it makes sense to explore all of your options. Here at Australian Dollar Forecast we understand every client’s situation is different, therefore we devise a strategy that meets your needs and requirements.
As for exchange rates we can beat any UK brokerage or bank. The clients I deal with are high net individuals, businesses and property buyers / sellers that are trading 10,000 Australian dollars to the multi millions.
Feel free to email me with the reason for your transfer (transfer of wages, property purchase) the currency pair (AUDGBP, AUDUSD, AUDUSD) and I will respond with my forecast and the process of using our company [email protected].
For new clients we are a UK based company and I look forward to speaking with you tomorrow morning.