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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.
We partner with only the largest, safest and most trusted foreign exchange brands.
Track AUD rates – transact when market in your favour. Follow FX forecasts & analysis.
Any marketing fees we receive from partners do not affect your exchange rate savings.
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.
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We show you how to save by ordering foreign cash online or compare rates on multi-currency travel cards for better currency exchange rates, convenience and security for your next trip or overseas online purchase.
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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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BER is operated by Best Exchange Rates Pty Ltd, a company incorporated under the laws of Australia with company number ABN 68082714841.BER is a comparison website only and not a currency trading platform. BestExchangeRates.com uses cookies. Disclaimer & Terms of Service Privacy