Exchange rates are volatile and can move considerably on a daily basis. Setting up FX Alerts will help you decide the best time to make a foreign exchange transaction. These daily alerts can notify you either when an interbank exchange rate makes a significant UP or DOWN move or when a rate reaches a HIGH or LOW for periods from 14 to 90 days.
$0 BPAY, 0.77% MasterCard debit, 0.94% MasterCard credit, 0.72% Visa debit and 1% Visa credit
0.6693 (-1.34% from mid-rate)
To Amount (USD)
10 Load Currencies: AUD USD EUR GBP NZD HKD SGD CAD JPY THB. Overseas ATM withdrawal fee: FREE Card Purchase Fee: $5.00 Maximum Load Amount: $100,000 Monthly Fee : $4 (after 12 months inactive) Currency Conversion: 5.95% (when you withdraw a currency not loaded on your card) Offers 24/7 Global Emergency Assistance service with fee free emergency funds up to the available balance on the card
Rate Fetched: Thu Nov 14 2019 12:00:04 GMT+0000 (UTC)
At the end of October the AUD surged to a three month high against the US dollar following the third rate cut in a year by the US Federal Reserve. The gains were mainly due to the fall in the US dollar after the market sensed that US rates are more likely to rise now than fall further.
The RBA also added to the positive sentiment with an optimistic assessment of easing risks from the US-China trade war and Brexit. Accordingly markets are pulling back from bets that the cash rate will drop to 0.5 per cent and the possible start of quantitative easing.
Interestingly, AUD has decoupled from commodity prices in 2019. The price of iron ore (Australia’s largest export) nears multi-year highs while AUD languishes.
Further RBA interest rate cuts this year are now a certainty, and that doesn’t bode well for currency valuations. Westpac has predicted three cuts this year.
ALERT: 14-DAY LOWS 🔔 |
At 0.6837 AUD/USD is trading 0.5% above its 90 day average with range 0.6704 to 0.6919. ALERT: AUD/USD has dropped to 14-DAY LOWS. Updated: 08:01-AEDT21:01-GMT16:01-EST
Key Takeaways from the ACCC inquiry into currency conversion services. BestExchangeRates referenced among comparison sites playing an important role in customer awareness of the excessive currency margins charged by banks.
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