Australian Dollar at 25 year high
28 July, 2011
Anyone emigrating this year and sending money to Australia should be aware that the Australian Dollar rates is now at its most expensive for 25 years, as the Australian economy goes from strength to strength relative to the UK.
Last night the Reserve Bank of Australia increased interest rates to 4%, which stimulates investor demans and makes the Dollar more expensive still.
If you are worried about falling exchange rates, don’t forget you can fix a rate up to 2 years ahead without having all your sterling available. Call Currency Index for details.