With the Bank of England set to inject more stimulus into the UK economy Australian dollar hits all-time high against UK pound.
Peter Lavelle, 7.03.2013
Hello, and welcome to my look at the latest changes in the Australian dollar exchange rate.
By any standard, it's been a good week for the Australian dollar.
Australia's currency hit its all-time high against the UK pound this week, at 0.6851.
To put that into context, the Australian dollar has climbed more than 4 and a half cents since the start of 2013, when it was 0.6394.
Were you to transfer AU $250,000, you'd therefore get £11,425 more today than on January 1st.
(Please bear in mind, these are the interbank rates at the time of writing, meaning the exchange rate may have changed since then.)
Looking ahead, there's a good chance the Australian dollar will keep climbing against sterling, this week and beyond.
Given that, not only is the Australian dollar at an all-time high against the pound, but it could soon climb higher too.
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