Aussie Dollar drops dramatically
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 back 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.
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If you have Aussie Dollars, possibly good time to Sell
AUD vs USD over the past year.
Australian Dollars have just started to recede from their highest position for years. Could this be the time to sell your dollars for any other Major currency such as sterling, USD, Japanese yen or the Euro?
You don’t have to have all of the money for the deal. With us, all you need is just 10% as a deposit on a “time option forward currency contract”. You can then sitback and relax if the rates drop!
If you have Australian Dollars and have been thinking of selling your aud, perhaps now is the time to take advantage of this great exchange rate. By making a time option version of a forward currency deal, you can draw off the total deal when it suits you at the original preferential rate you’ve bought at.
For the many of our customers who buy aed, uae Dirhams, with AUD, this is a great opportunity as the aed is pegged to the US Dollar.
Just call your currency dealer for more information and the current Australian Dollar rates.
