Australian Dollar Cheaper

Some respite at last today for those of you looking for the best rates for sending money to Australia – the market rate is up from $1.73 yesterday to $1.755 today, a movement of around 1.5%.

Weaker than expected Aussie home loans data out this morning, on top of some positive UK trade balance numbers, have helped. However, the Aussie Dollar is still in high demand globally, with rising interest rates likely to keep downward pressure on the exchange rate in 2010.

If you are buying property abroad anywhere this year, speak to Currency Index about your requirements.