Australian Dollar takes a pounding
A quick alert bulletin on the Australian Dollar
One of the major currencies saw substantial movement yesterday and you may wish to take advantage of this.
The Aussie dollar has had a rough ride on the currency markets for around a month. But the AUD dipped substantially yesterday against the US Dollar, Pound and the Euro.
Now could be a good time make your move as this slide has taken a very dramatic turn.
Yesterday:
- The Aussie dollar lost around 2 cents against the US Dollar.
- The Euro gained around 4.5 cents.
- The Pound gained around 4.4 cents
Just a month ago, the Aussie dollar was at 0.92 against the USD. It’s dipped today to 0.8356.
If you’d like to discuss how we can help you to buy, or sell Australian Dollars, please get in touch soon. If you don’t have the full amount to trade now, but would like to buy straight away, we can do this by using a 10% deposit.
Set your price here, and we will get back to you.
To buy or sell euros, dollars or pounds..?
Monday 17th May, 2010, Currency Market comment for today. Buy and sell at the right time.
Trying to choose the best time to buy, or sell, aed, usd, euros , aud or pounds? Let us know what exchange rate you need and we will let you know when it reaches the rate. Use our Rate Watch on the right.
There seems to be no end to the current institutional need to buy US Dollars, and sell Euros and Pounds. This “herd mentality” seems to be growing, rather than abating, as everyone heads for the perceived safety of the USD and Gold. Is this a good time to sell Euros or Pounds in favour of US Dollars? Maybe. The current situation does seem very similar to Autumn 2008 where the USD was bought to the virtual exclusion of any other financial asset.
EUR: USD. The Euro has now dipped below the $1.25 level and seems to be headed towards $1.20. The market is clearly concerned about the Eurozone’s ability to cope with the austerity packages and bail-outs. Combine this with the perceived ability of the US to outperform Europe, despite its fiscal issues. email us to set a rate to sell your euros at.
GBP:USD. Pound sterling has today fallen to around $1.44. This would seem to be following the same pattern as the Euro against the USD. However, The Bank of England may be getting ready to back what they call a “very strong and powerful agreement” between the the new Conservative-Liberal government. Expect some decisive action from the new chancellor in the up-coming “emergency budget”.
GBP:EUR. It would seem that, if the markets are forced to choose between the EURO and the POUND, they prefer to invest in the pound. GBP:EUR is still above 1.15
Talk to us about placing just a 10% deposit down, and fixing your currency deal at the best exchange rates today. It could save you thousands.
Call: 0044 1480 458 400 (International) or 01480 458 400 (if inside UK) for the best currency exchange rates. If you prefer, contact us by email here
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Bur or Sell AED, UAE Dirhams, of Dubai and Abu Dhabi at Best Prices
Buy and Sell AED, UAE Dirhams, of Dubai and Abu Dhabi at the best rates available today.
The British Pound sterling rates today versus other currencies including AED Dirham of Dubai and Abu Dhabi, euros, USD, Canadian and Australian dollars together with Japanese Yen can be bought and sold through our global currency exchange network at the best currency exchange rates available today.
The exchange rates for currency, London pound sterling, GBP, for the morning of 2nd December 2009 are shown below. For LIVE CURRENCY RATES use the button on the right and take advantage of the most efficient currency exchange service available.
| Currency | Code | GBP/1 Unit | Units/1 GBP |
| Utd. Arab Emir. Dirham |
AED |
0.1649 |
6.0694 |
| Australian Dollar |
AUD |
0.5568 |
1.7967 |
| Brazilian Real |
BRL |
0.349 |
2.8748 |
| Canadian Dollar |
CAD |
0.5768 |
1.7344 |
| Swiss Franc |
CHF |
0.6042 |
1.6555 |
| Egyptian Pound |
EGP |
0.1113 |
9.1077 |
| Euro |
EUR |
0.9112 |
1.0976 |
| Hong Kong Dollar |
HKD |
0.07812 |
12.8038 |
| Indian Rupee |
INR |
0.01307 |
76.6807 |
| Japanese Yen |
JPY |
0.006976 |
143.382 |
| New Zealand Dollar |
NZD |
0.4374 |
2.2875 |
| Russian Rouble |
RUB |
0.0208 |
48.0991 |
| Thai Baht |
THB |
0.01827 |
54.9832 |
| US Dollar |
USD |
0.6054 |
1.6521 |
| East Caribbean Dollar |
XCD |
0.2267 |
4.4605 |
| Platinum (oz.) |
XPT |
900.819 |
0.001117 |
| South African Rand |
ZAR |
0.0822 |
12.1888 |
Open a Free Currency Exchange account with us to make your Bank-to-Bank transfers much better value.
Call: 0044 1480 458 400 (International) or 01480 458 400 (if inside UK) for the best currency exchange rates.
