The Aussie Dollar is still going from strength to strength and is probably the strongest of the world’s major currencies over the last couple of years.
As the Australian economy managed to avoid going into recession, since the high of 2.65 back in October 2008 the pound has lost nearly 40% of its value and there is little sign of this trend abating.
For those looking to sell in Australia this is good news as a property worth AUD 500,000 would have cost GBP 188,500 a couple of years ago, selling at the same price now would achieve a staggering extra GBP130,000.
With the Australian Central bank having continually raised interest rates in recent months there is little sign of this trend stopping, again great news for anyone selling AUD. However for anyone looking to emigrate to the land down under or simply travelling as part of English crickets ‘Barmy Army’ to watch an historic Aussie bashing in the pending Ashes Series, I feel there is little for the pound to gain in the foreseeable future.
If you are buying a property abroad and want the best exchange rates, just email ajm@currencies.co.uk / call 0800 328 5884 or visit www.currencies.co.uk and quote AJM Blog GBP Sterling USD Dollar EUR Euro NZD Kiwi AUD Aussie DKK Krona CAD Loonie CHF Swiss ZAR Rand THB Baht HKD Dollar CZK Krona TRY Lira SEK Krona NOK Krona
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