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  • A sharp drop for the Australian dollar last week. Let's find out why and what

  • could happen next in your weekly update on the Australian dollar.

  • Here are the

  • exchange rates between the Australian dollar and other major currencies. If

  • there is another currency you need you can head to our live rates page which is

  • linked below. The rates on the left are the actual rates, so let's have a look at

  • what you could get offered at a bank for an international money transfer or

  • currency exchange.

  • The percentage difference in the third column lets us

  • see how much of a margin the banks are putting on the rate. It's this and the

  • fees you're charged that you need to be careful of when it comes to currency.

  • While holding strong against the US dollar for the most part, the end of last

  • week didn't prove as good for the Australian dollar.

  • It fell sharply at the

  • end of the week getting below 75 US cents again and the lowest point this

  • month. This is because official interest rates went up in the US and there was

  • indication this would happen again by the end of the year.

  • While we should be conscious of the drop in the Australian dollar, we should also

  • keep in mind that it's still higher than it was 18 months ago against the US

  • dollar. When we look at the graph for the Australian dollar in the last 12 months

  • we can see that it is low at the moment. But we shouldn't be too pessimistic just

  • yet.

  • After the drop we saw last week let's see if the banks have changed

  • they're 2018 currency forecasts.

  • The forecasts remain unchanged again this

  • week. Generally it seems that the banks see the dollar dropping further against most

  • major currencies. If this is the case it could be good news for you if you're

  • converting currency to Australian dollars or if you're transferring money

  • into the country.

  • For regular updates about the Australian dollar you can

  • watch our weekly videos and subscribe to our channel if you don't want to miss

  • any. If you do make international money transfers our channel is dedicated to

  • reviewing companies, showing you how to use them and making sure you don't get

  • ripped off.

  • at thecurrencyshop.com.au we compare exchange rates for

  • international money transfers and currency exchange. So if you're heading

  • overseas soon or if you need to send money overseas you can head there to

  • compare rates.

A sharp drop for the Australian dollar last week. Let's find out why and what

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澳元下跌:6月18日市場最新消息 (AUSTRALIAN DOLLAR FALLS: Market Update June 18th)

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    林宜悉 發佈於 2021 年 01 月 14 日
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