Aussie, New Zealand Rates Up

28 July, 2011


An opportunity this morning for anybody needing to send money to Australia or make money transfers to New Zealand. The Swine Flu panic has sent investors fleeing to hold assets in US Dollars (a so called “safe haven” currency) – instead of the Antipodeans.

As a result the Aussie and New Zealand have been sold off overnight leading to better exchange rates.

Although both currency rates are not as good as last year, in the current climate of weak sterling, any spike like this is good news. Speak to your UK currency company to find out your options.