Which day will give you the best foreign exchange rate?

Unlike flight booking, where Tuesdays are often the cheapest day to fly, foreign exchange rates do not follow a predictable ‘best day to buy’ pattern.

The movement of currency rates is highly volatile, driven by the global demand and supply of goods, services, and complex political and economic factors. To gain a better perspective on future movements, these bank forecasts offer a strong understanding of the likely direction for Australian dollar currency pairs.

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