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  • 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 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

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