Australian Dollar Forecasts
Australian dollar exchange rates and forecasts change all the time. This article looks at bank predictions and is updated regularly. The 2022 Australian dollar Forecasts are out now With most of 2021 out of the way, attention turns to 2022. Now that most economists have released their predictions for the Australian dollar, head here to find out the most up to date forecasts:
Why the Australian Dollar is getting stronger when the economy is on it’s knees
The AUD/USD exchange rate has risen 30% in 4 months. That is remarkable. 2020 has been a rocky ride for most currencies and markets and the Australian dollar is no different. Here are a few reasons why the Australian dollar has gotten so strong, so quickly. Overdone Part of the reason the Australian dollar bounced back so hard is that in March, it may have fallen too far. That is, during the first stages of the COVID-19 pandemic, markets sold off the AUD too hard, believing things were worse that they ended up being. On the other side of this, […]
Australian Dollar reaches a 3 month high on recovery hopes
In short The AUD/USD hits a 3 month high of 0.6675 as hopes for an economic recovery increase The Australian dollar is nearly 12 cents higher from its lows in late March The AUD has also rallied higher against the Euro, Yen and British Pound in the past 2 months Time Open Low High Today 0.6625 In the last week 0.6511 0.6675 In the last month 0.6376 0.6675 The Aussie dollar has made a remarkable recovery to hit a 3 month high against the US dollar at 0.6675. As the world entered the economic downturn caused by COVID-19, the Australian […]
The 7 Best Ways to Take Money to Japan
Japan is renowned for being technologically advanced yet cash is still the most predominant payment method across the country. In fact, four out of five purchases are still made with cash. Which raises the question: what’s the best way to take money overseas, specifically to Japan from Australia? With foreign-friendly ATMs still somewhat elusive and over-the-counter card payments patchy, the best way to take money to Japan involves combining a number of options: Paying with your Australian debit card Buying a prepaid travel money card Paying with a credit card Taking Australian dollars to exchange in Japan Buying Japanese yen […]
Australian dollar recovers nearly 10 cents off recent lows
In short The Australian dollar has risen from 55 cents to 64 cents against the US dollar Money that flooded into US dollars as investors seek the safety of ‘safe haven’ assets is now flowing in the opposite direction The AUD has also gone up against the Euro, Yen and British Pound Time Open Low High Today 0.6384 In the last week 0.6133 0.6444 In the last month 0.5530 0.6444 The Australian dollar has bounced back after it fell to 55 cents less than a month ago. It has rallied more than 9 cents against the US dollar but has […]
How Much Spending Money You’ll Need in Japan for 1, 2 or 4 Weeks
Japan is one of those destinations people dream of visiting. With the majestic Mt Fuji rising over an undulating landscape, what’s not to love? The mystifying blend of traditional and modern cultures, from the geisha culture of Kyoto to Tokyo’s robot restaurants, makes Japan a destination that never fails to delight and surprise its visitors. If it’s your first time going to Japan, it’s hard to know what your savings target should be for everyday expenses. The amount of money you’ll want to take with you to Japan depends on how you prefer to travel and how long you’ll be […]
