Name: Australian Dollar Market Update (May 29, 2018)
Uploaded: 2020-02-25T16:00:34.000Z
Duration: 2 min 18 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

After a rough couple of weeks for the Australian Dollar, let's see how it's

Let's get straight into what you need to know.

Here are the exchange rates between the Australian dollar and other major currencies.

Next, we'll look at the average Bank rates you might be offered

for transferring money overseas or exchanging currency for a trip.

When we look at the percentage difference, we can see that the exchange rate is pretty far

from what you actually get offered by banks.

over the last week so we'll compare it against the US dollar.

For the first time in a while the Aussie didn't drop below 75 US cents last week.

The US dollar has weakened due to trade tensions, giving the Aussie a chance to go back up.

Currently sitting in about 75 US cents it's slightly higher than its

11 month low earlier this month.  Still a long way from its peak in

January it has started to edge higher in the last seven days.

The last thing we'll do is have a look at what is being forecast for the Australian dollar by

In the last week the banks have not revised their forecasts

for the Australian dollar. After reducing their more optimistic forecasts in the

last couple of weeks, they generally see it either staying the

same or dropping against most major currencies.

You know what I'm going to say next. If this video was helpful please subscribe

to our channel. We post weekly updates about the Australian dollar and we have

videos about international money transfers, tutorials and company reviews.

If you head to our website thecurrencyshop.com.au

exchange rates for currency exchange and international money transfers.