Here are the exchange rates between the Australian dollar and other major

currencies. The Aussie hit its highest point this year against the Pound last

week. These are the average rates you might be offered for transferring money

overseas or exchanging currency for a trip, through your bank. We get a better

idea of whether these rates are good or bad when we look at the percentage

difference between the actual rate and what you're offered.

Let's compare the Aussie against the US dollar to see how it's performed in the last week.

We nearly saw the Aussie dollar hit 76 US cents last week, which is the highest

it's been for a while. It's still been volatile against the US dollar, though.

Dropping to 74.82 US cents on Wednesday.

Despite this volatility the Aussie dollar is still recovering from

its 11 months low in May, and it's still higher than it was 18 months ago.

Let's find out if the forecasts for the

Australian dollar have changed in the last seven days.

Westpac revised their forecast slightly for the Australian dollar. They increased

their forecasts for both the New Zealand dollar and the Euro. Generally though, the

banks see the Aussie dollar either staying the same or going down against

most major currencies by the end of 2018.

If the information in these videos is helpful and you'd like regular updates

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Our website thecurrency.com.au is a comparison site

for exchange rates. So if you need to make an international money transfer or

exchange currency you can compare rates from multiple providers there.

Have a great week!