Forecasts

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Will the AUDGBP rate fall by the end of 2019?

Potentially. This year the AUD GBP exchange rate is influenced by the looming exit of Britain from the Eurozone (or Brexit). In fact, the Pound Sterling (GBP) has been on a roller coaster ride ever since “Brexit” was voted for and announced in June 2016. The GBP saw massive falls in 2016, only to gradually rise in 2017 and 2018. The Aussie dollar is also falling this year, but not as drastically as the British Pound. With both the AUD and GBP dropping, the AUDGBP exchange rate has wobbled anywhere between 0.5300 and 0.5800 since the beginning of the year. […]

Has the AUD EUR peaked already in 2019?

The AUD to EUR exchange rate peaked in April around 0.64, but has since fallen again. A falling AUDEUR trend this year is being driven by a weaker Australian dollar, rather than any strength in the Euro. In fact, the Euro has been under pressure lately with Brexit and slower economic growth in major Eurozone countries. Meanwhile, the Australian dollar hit 10-year lows recently. Check today’s AUDEUR Forex Rate: Currency Converter and Graph So what are the major banks in their AUD and EUR forecasts for 2019, amongst all the political uncertainty from Brexit and slowing growth? ANZ – Predicts […]

Where is the Australian dollar heading for the rest of 2019?

Major banks predict the Australian dollar against the US dollar (AUDUSD or the ‘Aussie’) will remain weak. Recently, the Australian dollar (AUD/USD) fell to more than 10-year lows, below 67 cents. The AUD/USD is at the same levels as when the Global Financial Crisis (GFC) hit in 2008. The previous record low was 48 cents in April, 2001. In response to the falling AUD, the 4 major banks lowered their end of 2019 Australian dollar forecasts by 5-10%. They now agree the weak Aussie dollar will remain until the end of the year. Check today’s AUDUSD Forex Rate: Currency Converter […]