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 Down Under 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. 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?

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.

Continue reading here: Bondi Beach Australia - Why is it so appealing?

Was this article helpful?

0 0