Australian Dollar rates this week

Any of you looking to emigrate down under will need to think about sending money to Australia and be worried about recent poor exchange rates.

This week, a few important data releases will give us a clue as to the future direction of the rate – and may provide opportunities to buy or fix exchange rates for the future.

At 4.30am on Tuesday the RBA interest rate decision is announced – a cut in Aussie interest rates would do no harm to the prospects of better Australian exchange rates. Retail sales data is then released at 2.30am on Wednesday, followed by employment figures at 2.30am on Thursday.

Check with your currency broker each morning for any differences in exchange rates and full analysis of the figures.