in your weekly update on the Australian dollar.

Let's have a look at the exchange

rates between the Australian dollar and other major currencies.

As these are the

actual exchange rates between these currencies, let's have a look at what you

could get offered for an international money transfer or currency exchange.

When we look at the percentage difference we can see that the rates the banks offer

you are pretty different to the actual rate.

The Aussie dollar was stronger

against the US dollar last week so let's have a look at how it's performed in the

last seven days.

While the Australian dollar has been edging higher lately it

got above 76 US cents last week for the first time since April; reaching a

six-week high. This increase is because the GDP figures were higher than

expected and there was a rise in retail sales.

After being on a bit of a downward trend since the middle of April we can now see

the Australian dollar on the rise again. We're yet to see if it could get back to

the high it reached in January but in general it's still higher than it was 18

months ago.

With a stronger Australian dollar let's see if the banks have

revised their 2018 forecasts.

The forecasts haven't changed again this

week for the Australian dollar, despite having a better week the banks still

expect the dollar to either drop slightly or remain unchanged against

other major currencies by the end of this year.

If you'd like regular updates

about the Australian dollar we post videos at the start of every week to

keep you in the loop. And we have videos about how to make international money

transfers and reviews of multiple money transfer companies.

If you do need to

compare exchange rates you can head to thecurrencyshop.com.au where you

can compare the rates and fees for international money transfers and

currency exchange.

Have a great week!