Placeholder Image

Subtitles section Play video

  • A higher Aussie dollar, currency forecasts and the rates you need to know

  • in your weekly update on the Australian dollar.

  • Let's have a look at the exchange

  • rates between the Australian dollar and other major currencies.

  • As these are the

  • actual exchange rates between these currencies, let's have a look at what you

  • could get offered for an international money transfer or currency exchange.

  • When we look at the percentage difference we can see that the rates the banks offer

  • you are pretty different to the actual rate.

  • The Aussie dollar was stronger

  • against the US dollar last week so let's have a look at how it's performed in the

  • last seven days.

  • While the Australian dollar has been edging higher lately it

  • got above 76 US cents last week for the first time since April; reaching a

  • six-week high. This increase is because the GDP figures were higher than

  • expected and there was a rise in retail sales.

  • After being on a bit of a downward trend since the middle of April we can now see

  • the Australian dollar on the rise again. We're yet to see if it could get back to

  • the high it reached in January but in general it's still higher than it was 18

  • months ago.

  • With a stronger Australian dollar let's see if the banks have

  • revised their 2018 forecasts.

  • The forecasts haven't changed again this

  • week for the Australian dollar, despite having a better week the banks still

  • expect the dollar to either drop slightly or remain unchanged against

  • other major currencies by the end of this year.

  • If you'd like regular updates

  • about the Australian dollar we post videos at the start of every week to

  • keep you in the loop. And we have videos about how to make international money

  • transfers and reviews of multiple money transfer companies.

  • If you do need to

  • compare exchange rates you can head to thecurrencyshop.com.au where you

  • can compare the rates and fees for international money transfers and

  • currency exchange.

  • Have a great week!

A higher Aussie dollar, currency forecasts and the rates you need to know

Subtitles and vocabulary

Operation of videos Adjust the video here to display the subtitles

B1 australian dollar dollar australian exchange week currency

Australian Dollar Market Update: Tuesday, June 12th 2018

  • 2 0
    林宜悉 posted on 2020/02/25
Video vocabulary