dollar exchange rates

Australian Dollar Exchange Rates – Time To Buy?

By |June 29th, 2012|

The Australian Dollar to GB Pound exchange rates have seen some changes in the past few weeks.

Once again the debate raged as to whether the Reserve Bank of Australia would cut interest rates by 0.25% or 0.5% at their 5th of June meeting, following May’s 50 basis point cut. They actually cut rates by 0.25% to 3.5% which is the lowest levels since the height of the financial crisis.

The ensuing minutes from the meeting, suggested that the decision to cut rates further was finely balanced, as the economic news in Australia had been mixed but the deterioration of the situation in Europe warranted further action.

The RBA suggested “they expect the impact of the recent rate cuts to begin filtering through to the wider economy in the coming months” (it is commonly accepted that any adjustment to interest rates takes approx 18 months to have an impact on the wider economy). […]

GBP to Australian Dollar Exchange Rates

By |June 19th, 2012|

The expectation of lower interest rates in Australia and the slowing of the Chinese economy are both weighing on the Australian Dollar but not enough to see it weaken against the Pound.

Sterling is under pressure; you can see it in the correction from A$ 1.62 to A$ 1.54 in the last 3 weeks or so and the charts suggest we will see a further deterioration in the Sterling Australian Dollar exchange rate over the days ahead.

A target of A$ 1.5375 is highlighted by the 50% Fibonacci retracement and by the 200 day moving average. However, the caveat is that this all depends on what happens in Europe. Greece didn’t in fact vote itself out of the Eurozone for now but Spain may still drown in its own debt. […]

GBP to Australian Dollar Exchange Rates – Pound Continues to Weaken

By |December 6th, 2011|

Events outside Australia are having a far greater influence on the Aussie Dollar than anything from within. We had some poor housing and retail sales data from Australia earlier in the week but that was largely ignored as investors preferred to focus on the slightly improved tone from the Eurozone.

That gave some cause for optimism which was all it took to strengthen the Aussie Dollar from the test of 1.60 against the Pound on Friday to a low of 1.52 we saw on the dip on Wednesday.

Things have stabilised a little but the Australian Dollar is on the front foot and the Pound is suffering from concern over the state of the UK government’s finances. […]

Australian Dollar Exchange Rates Not Getting Any Better

By |November 13th, 2010|

Not looked at the Aussie Dollar Exchange rate’s for a while but for those of you looking to migrate to Australia from the UK, it’s not great news unfortunately.

The Sterling – Australian Dollar exchange rate is about as bad as it has been for AUD buyers since the Australian government let their currency float way back in 1984.

The UK side of that equation is one of vast debt, sharp spending cuts, weak retail sales and a poor housing market. […]