Thank you, you should receieve a reply shortly.
Submit your details above and we will contact you with a competitive exchange rate from an FCA-regulated specialist
  • Pound up after sterling May speech

    23 January 2017

    It was an exciting and action-packed last week for investors and traders alike, not only here in the UK but also across the pond.

  • Attention turns to the Bank of England today

    03 November 2016

    Yesterday was a relatively quiet day in the way of data, the morning posted a positive October figure of 53.5 for EUR Markit Manufacturing PMI...

  • Euro rates through 2015

    02 December 2015

    The year of 2015 has been extremely volatile for the sterling - euro currency pair exchange rates. At the start of the year, in January, one Pound was worth just over 1.27 Euros - 14 cents lower than now as we head into the last month of the year.

Currency Market News

Our blog is below, to help you understand what's moving currency rates and affecting the cost of your international payments. For some friendly guidance on your own transactions, either for your business or yourself, simply fill in the form above and an FCA-regulated currency broker will be in touch to assist you, without any cost or obligation.

Back to News
Australian Dollar exchange rate overview
06 August 2015

The Australian Dollar has been one of the most volatile examples of currency rates being affected through the economic crisis and its aftermath.

Back in 2008-2013, the Australian economy was initially seen as a safe haven away from the austerity of the UK, Europe and USA, and the cost of its currency appreciated by a staggering 44% against the struggling Pound.

Australia maintained higher interest rates than many economies in that period, which made its currency one of the only places investors could see a good return, sending demand for the Aussie sky high and consequently its price surged too.

In 2010, Australia was already raising its interest rates, while the rest of the world was running QE programmes and near-zero interest rates.

This was of course bad news for Brits looking to relocate down under, with the cost of taking a $500,000 lump sum to start a new life down under, increasing by an eye-watering £150,000 over that 5 year period.

However since 2013 the Aussie has seen a remarkable turnaround. The Australian economy has been struggling, with commodity prices falling and unemployment rising, and the Reserve Bank started to cut interest rates, from 4.75% to 2%, and its currency started to weaken once again.

The value of the Australian Dollar has fallen by 47% since April 2013 against the Pound, and unsurprisingly we are now seeing more British families looking to make the leap and move to Australia. At Currency Index the volume of transfers sent by clients to Australia has increased by 18% in 2015 compared to 2013.

Indeed at the end of July we saw the best rate for Brits buying Australian Dollars since the chaos of the financial markets in 2008.

Last week the Reserve Bank of Australia kept interest rates on hold at 2% and indicated that there would be no further cuts. That sent the Australian Dollar higher again and we might now have seen something of a turnaround in recent trends, so if the Aussie economy is getting back on track then now could be the time to consider fixing an exchange rate if you are sending money to Australia.

A reputable currency broker will be able to offer you a fixed rate of exchange up to a year before your move, to help you avoid unexpected volatility which could make a huge difference to your budget.

The story of the Australian Dollar over the last 6 years demonstrates how much difference the global financial markets can make to British families looking to start a new life abroad, and in particular shows how seemingly irrelevant differences in interest rates can in fact drive enormous changes in the cost of countries’ respective currencies.


Cost of $500k

October 2008



April 2013



August 2015



Bookmark and Share