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Australia – Forex Guides, Reviews & News

Welcome to the BER Global Living site for Australia. Here we list useful guides and FX provider reviews plus market updates keep our customers aware of the latest AUD dollar exchange rates, charts and rate changes in the major AUD cross currency pairs.

 

 

The Aussie (AUD)

The Australian dollar is the fifth most traded currency in the world and is popular with currency traders, because of the high interest rates in Australia, the freedom of the foreign exchange market from government intervention, the stability of Australia's economy and political system, and the view that the Australian dollar offers diversification benefits in a portfolio containing the major world currencies, especially because of its greater exposure to Asian economies and the commodities cycle.

The currency is commonly referred to by foreign-exchange traders as the "Aussie dollar".

AUD Market Outlook

AUD/USD – 3 year chart

19-February-19: Since a flash crash in early January which saw the Australian dollar briefly trade at a 10-year low, the Aussie has recovered and then stabilized in the US71-72¢ region, near the average rate of the past 6 months.

Of late, the outlook for the Australian economy, and therefore for the Australian dollar, has taken a turn for the worse: the RBA has slashed growth and inflation forecasts and markets have moved to price in a near-100 percent chance of an interest rate cut before the year is out.

In February, HSBC cut its AUD/USD forecast to just US66¢, nearly 20 percent below 2018’s high of US81.36¢. AUD rates in the mid-60s haven’t been seen since the great financial crisis a decade ago.

In January, a senior researcher at BNP Paribas said that the Australian dollar would “get absolutely crucified and could suffer a 25-30 percent [long-term] fall.”

Also in January, Capital Economics cuts its AUD/USD year-end forecast to just US60¢.

Australian Dollar Updates

Japan Allows Fintech Payments Specialists to Compete with Banks

Japanese Yen JPY Currency News and Forecasts

The Japanese FSA has announced it will finally remove a ¥1 million (US$9,000) cap on cross-border money transfers handled by non-banking entities, paving the way for a major overhaul of Japan’s remittance industry.

21 Feb, 2019 by Joel Wright

Pound at 2-Week High Ahead of May-Juncker Brexit Meeting

The British pound was in high demand on Tuesday ahead of an important meeting between British PM Theresa May and EU officials, at which investors are hoping for a Brexit breakthrough.

19 Feb, 2019 by Joel Wright

Euro to Strike 20-Month Low This Week; $1.12 Beckons

Those intending to pick up euros this week should consider heeding warnings offered by MUFG. The bank expects the euro to move towards cheaper levels in the coming days and it would therefore be unwise to pay rates offered on Monday.

18 Feb, 2019 by Joel Wright

HSBC Cuts Australian Dollar Forecast; Aussie to Buy Only US66¢ at Year-End

The forecast is stormy with the embattled Australian dollar set to lose a further 7 per cent of its value and end the year buying only US66¢, analysts at HSBC have said. A decline into the mid-60s would have the Aussie trading at levels not seen in a decade.

20 Feb, 2019 by Joel Wright

More Australian Dollar News

 

Popular Guides – Australia

Australia Post Exchange Rates Compared

In this article we take a look at Australia Post exchange rates and foreign currency services. Getting your travel money from the local Auspost branch is convenient but with a little planning (and ordering online) you can also save money for your next trip abroad.

16 Jun, 2018 by BER Team - Last updated:21 Feb, 2019

BestExchangeRates.com Australian Scholarship 2018 Winner Announced

Xiong Xiao, a PhD candidate currently studying and teaching at the University of Western Australia is awarded BestExchangeRate.com’s first scholarship for foreign students in Australia.

26 Nov, 2018 by Jayne Li - Last updated:10 Dec, 2018

Travelex vs Travel Money Oz

To help you choose between Travelex and Travel Money Oz the following live exchange rates table shows who has the best exchange rate when ordering foreign currency online.

5 Dec, 2018 by BER Team - Last updated:8 Dec, 2018

OFX & BestExchangeRates – Zero fee offer

OFX has partnered with BestExchangeRates to offer you fee free money transfers. If you register with OFX using the below BestExchangeRates FX partner deal promo code link you won’t pay the usual fees* for transfers. OFX – zero fee offer OFX is the new unified brand name for OzForex, USForex, UKForex, NZForex, and CanadianForex It […]

23 Nov, 2017 by BER Team - Last updated:23 Nov, 2018

More Guides

 

Reviews – Money Transfer & Currency Exchange in Australia

Australia Post Exchange Rates Compared

In this article we take a look at Australia Post exchange rates and foreign currency services. Getting your travel money from the local Auspost branch is convenient but with a little planning (and ordering online) you can also save money for your next trip abroad.

16 Jun, 2018 by BER Team - Last updated:21 Feb, 2019

Travelex Australia Review

In this article we take a look at Travelex Australia exchange rates and foreign currency services. Getting your travel money from the local Travelex branch is convenient but with a little planning (and ordering online) you can also save money for your next trip abroad.

21 Jun, 2018 by BER Team - Last updated:21 Feb, 2019

Travel Money Oz

Travel Money Oz has 130+ stores across Australia that stay open late and on weekends, 24×7 online orders and friendly phone service available. Offering 60+ currencies to buy and sell, travel money cards, international transfers and travel insurance.

3 Dec, 2018 by BER Team - Last updated:21 Feb, 2019

More Reviews

 

Currency Exchange by Location in Australia

Best Travel Money Exchange Rates in the Sydney CBD
Best Travel Money Exchange Rates in the Melbourne CBD
Best Currency Exchange Rates on the Gold Coast
Best Currency Exchange Rates in Adelaide
Australia Post Exchange Rates Compared
Best Travel Money Exchange Rates in Brisbane CBD
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