Australian Dollar Market Update (April 23rd, 2018)

Australian Dollar Market Update (April 23rd, 2018)


Good morning. Welcome to The Currency
Shops weekly update on the Australian dollar. We look at what the Australian
dollar is doing at the moment, in the past and what it might do in the future.
Let’s get straight into it. Okay one of the most important pieces of
information is the exchange rate so let’s have a look at what the rates are
between the Australian dollar and other major currencies at the moment. If you’re
buying foreign currency or transferring it overseas banks and companies will put
a margin on this rate. Let’s have a look at the average Bank rates and percentage
margins at the moment. So given us an idea of what the Australian
dollar is doing at the moment, but it’s also good to have a look at what it’s
done in the past. So let’s have a look at it in the last week to do this we
compare it against the US dollar and see how it’s changed. Last week the dollar
stayed above the monthly average rate if it is high on Thursday rising above 78
cents. To get an even better idea of how the
Australian dollar is trending, let’s have a look at the Aussie/US over the last 12
months. The Australian dollar is still not as high against the US as it was at
the start of 2018. So that’s all well and good but what we really want to know is
where the Australian dollar is going to go next. Westpac and NAB agree on most forecasts; The US to stay pretty much the same,
see the Euro and Pound go down and the Yen to go up. They disagree on the New
Zealand dollar NAB expect it to stay about the same
while Westpac forecast a slight rise. If you need more information about the
Australian dollar, make sure you’re subscribe to this channel so you don’t
miss any of our weekly updates. We also review and make tutorials about lots of
money transfer companies. If you need to compare exchange rates head to thecurrencyshop.com.au and find the best rate for your situation. Have a
great week!

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