Australia Currency - Is it Going Up or Down?

As you would expect, Australia currency fluctuates against other currencies. It used to be the underdog dollar. Not any more. Now it has a lot of wind in its wings.

Stay on top of where the Aussie dollar is going with weekly updates and ask the experts if you need to move your funds overseas.

Around the turn of the millennium, Australia currency was far behind the major currencies. If you had decided to relocate to Australia at that time, you would have more than doubled, almost tripled your pounds, you would have got almost twice as much for your US dollars and about 60 - 70 % more for your Euros.

Nice times to have taken a decision to move to this country.

But the Australian dollar has moved on. The underdog started on a race similar to the proverbial hare and tortoise race.

It almost took everyone by surprise when Australia currency reached parity with the US dollar in October 2010. And it kept steady or up. So the expectation is for the Australian dollar to stay high. Or is it?

When we came to Australia we were lucky to double our money, when we transferred the funds across. But lucky events don't happen so often. It is better to plan for luck, rather than wait for it.

Luck is what happens when preparation meets opportunity, said Roman philosopher Seneca almost 2000 years ago. Not much has changed since then. So, if you want to send your money overseas, how can you plan and prepare?

Australia Currency - How You Can Get the Best Exchange Rates

First stay informed. Follow the markets, try to understand the trends, search refuge in the financial section of your newspaper as much as you can, educate yourself.

Sounds boring or difficult? Then ask for advice and see how you can save when you transfer funds to Australia.

There are ways to maximise the power of your money if you stay on top of what is happening on the market, know when to look for opportunities or who to ask for information.

We have joined forces with Peter Lavelle with foreign exchange specialist Pure FX. Follow his updates about Australia currency and transferring money overseas.

Beat the bank on exchange rates - contact Pure FX. Get in touch and request a free quote! Pure FX guarantee to provide you better exchange rates than your local bank. In addition you'll also get a guide about the best exchange rate after you hit the "Request a Quote" button below.

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Here are Peter's updates about Australia currency and exchange rates:

• Australian Dollar - Falling Chinese Exports Put Pressure On The AUD - 17 February 2012
• Pound to Australian Dollar Unchanged - 10 February 2012
• Australian Economy - Two-Speed - 3 February 2012
• Australian Dollar Exchange Rates - Where To? - 29 January 2012
• Get the Best Currency Exchange Rates - Plan in Advance - 21 October 2011
• Pound Drops Against Australian Dollar - 14 October 2011
• Pound Continues Gaining against the Australian Dollar - 7 October 2011
• Is the Recent Drop in the Australian Dollar Permanent? - 28 September 2011
• Economic Outlook in Australia Remains Bright - 16 September 2011
• Australian Dollar to Pound Exchange Rate Remains Stable - 8 September 2011
• Pound to Australian Dollar Down Again - 2 September 2011
• Pound to Australian Dollar Drops in spite of Ongoing Global Concerns - 26 August 2011
• Australian Dollar Exchange Rate - Going Down - 19 August 2011
• Global Financial Tensions Put Pressure on Australian Dollar - 12 August 2011
• Monster Gain in Pound to Australian Dollar Exchange Rate - 5 August 2011
• High Inflation Hurts Pounds To Australian Dollars Exchange Rate - 29 July 2011
• Sterling Loses Ground in Spite of Poor Australian Data - 22 July 2011
• Carbon Tax Dominating Discussion - 15 July 2011
• Job Creation Surges at Fastest Rate in 3 Years - 8 July 2011
• British Pounds To Australian Dollars Update - 1 July 2011
• Queensland Floods Hurt Growth - 24 June 2011
• Employment Change Data Disappoints - 17 June 2011
• Sterling Stands still Against the Australian Dollar - 10 June 2011
• Australian Housing on the Slide, but Dollar Stays Put - 31 May 2011
• Emu Dollar - 13 May 2011
• Australian Dollar Exchange Rate - 10 May 2011

Peter Lavelle is an economics commentator at specialist foreign exchange broker Pure FX. It's his job to tell people which currencies are up, which are down, and what's causing it all to happen, hopefully without sending his audience to sleep.

Got a question about Australia currency, the exchange rates, or how to transfer money overseas? Ask for a free quote.