Dollar. In the next couple of minutes we'll fill you in on exchange rates,

Aussie dollar trends and forecasts. And we'll share a few tips on how to make

sure you get the best exchange rate.

Firstly, what are the exchange rates between Aussie dollar and other major

currencies at the moment? We're putting them on the screen for you now.

Unfortunately, these rates aren't the rates that a bank would offer you for

anything relating to currency. Let's have a look at what the four major banks are

offering on average to purchase currency or to make a transfer overseas. That's a

bit of a difference! The third column here shows you the percentage difference

between the actual rate and what you're offered. It's not all bad news. To find

out how you can get better exchange rates to either purchase currency or

transfer it overseas, head to thecurrencyshop.com.au and select

either travel money or money transfers. One of the most effective ways to track

the performance of the Australian dollar is to see how it is performing against

the US dollar. From a short-term perspective this is what the Aussie/US

has looked like over the last week. To get a more thorough idea of how the

Australian dollar is performing presently, let's have a look at it over

the last 12 months. This gives us a broader view of whether it's currently

high or low. So where is the Australian dollar going to go next?

Unfortunately, we don't know no one does. But the major banks in Australia do

formulate forecasts based on trends and past data. So here is what they're

currently predicting for the Australian dollar against other major currencies.

Well, that was a lot of information wasn't it? To get more information about

the Australian dollar in general, make sure you subscribe to our Channel and

turn on notifications. Have a great week!