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For over a decade BestExchangeRates.com has been a trusted voice in foreign exchange in Australia and globally.
BestExchangeRates compares exchange rates from popular banks and currency specialists to help you avoid hidden and excessive margins and fees when you send and spend abroad.
We help our users save money by making these fees and exchange rates transparent and easier to compare. With our foreign transfer and currency exchange tools, you can quickly find the cheapest and most convenient way to convert your money.
More than 3 million satisfied visitors have saved over $200M on foreign exchange.
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Track AUD rates – transact when market in your favour. Follow FX forecasts & analysis.
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BestExchangeRates.com keeps you up-to-date on Australian dollar forecasts by collating the views of reliable FX forecasters and economists together with recent 90-day AUD price data. This analysis covers a wide range of factors including economic indicators, geopolitical events, central bank policies, and technical analysis to provide a thorough and current outlook on currency trends.
In recent currency market updates, FX analysts are predicting a rise for the Australian dollar (AUD) in the coming years. This projection is influenced by various factors such as interest rates, commodity prices, and risk appetite. The interest rate differential between Australia and other countries will play a crucial role in determining the AUD's value. While the Reserve Bank of Australia (RBA) has been slow to raise rates compared to other central banks, this is expected to change in 2024. As other countries potentially cut rates sooner than Australia, the interest rate differential is anticipated to contract, supporting the value of the AUD against major currencies like the USD, EUR, and GBP.
The AUD has shown signs of strength in November, reaching 90-day highs against the USD near 0.6624. This level is 3.0% above its three-month average, with the currency pair trading in a stable range of 5.1% from 0.6302 to 0.6624. Against the EUR, the AUD is at 14-day highs near 0.6037, just 0.6% above its three-month average. The range for AUD/EUR has been stable at 3.3% from 0.5887 to 0.6083. Similarly, the AUD/GBP exchange rate is slightly above its three-month average at 0.5238, with a stable range of 4.9% from 0.5028 to 0.5272. Lastly, the AUD/JPY stands at 98.21, which is 2.7% higher than its three-month average, with a stable range of 5.3% from 93.59 to 98.52.
Sending money abroad can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfers can be very expensive – often 5% to 6% worse than using a foreign exchange specialist to send money abroad or pay a foreign invoice.
Popular AUD Money Transfers on BER
AUD to CAD
AUD to GBP
AUD to SGD
AUD to USD
AUD to JPY
AUD to INR
CAD to AUD
CAD to GBP
CAD to SGD
CAD to USD
CAD to JPY
CAD to INR
GBP to AUD
GBP to CAD
GBP to SGD
GBP to USD
GBP to JPY
GBP to INR
SGD to AUD
SGD to CAD
SGD to GBP
SGD to USD
SGD to JPY
SGD to INR
USD to AUD
USD to CAD
USD to GBP
USD to SGD
USD to JPY
USD to INR
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Looking for a way to make your next trip more affordable? Check out our Country Guides to the best deals for your international foreign transfers and travel money. These articles will give you travel tips and offer advice for your next trip abroad.
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