Category Archives: AUD

Sterling has an extremely stable day with limited movement against all majors (Daniel Wright)

Today we have seen a fairly quiet day on the markets for Sterling followers with little economic data out and no real big headline hitters from Europe or the States.

Tomorrow has the ability to be very different with a few major points of note to be aware of.

Early morning we have German unemployment figures which could have a great impact on the Euro. Expectations are for no change at 6.5% but the key will be if we see the actual figure come out any different. many economies have surprised us with their unemployment figures in the past few months so it would not be a great shock to see a little improvement and finally a good day for the Euro.

For anyone that has an interest in the Pound, it is important to note that we have GDP figures for the U.K out at 09:30am. These figures are the final revision for Quarter 4 of 2014 and expectations are for a slight revision downwards so Sterling may struggle a little against all majors in trading tomorrow morning.

Later in the day we have inflation figures for both Canada and America, both at 13:30pm which will no doubt lead to a volatile afternoon for their two respective currencies. The Canadian Dollar has gained strength over the past 24 hours as comments from the Bank of Canada that interest rates will remain static for the foreseeable future, which gave the CAD a boost.

If you are looking to exchange any major currency and you want to make sure you are getting the most for your money (even if you already are using a broker) then it is always well worth contacting me for a quote. I regularly have people contact me through this site that find out they are not getting the best price they can and for the sake of two minutes writing me an email it is well worth getting a quote, just like buying anything it is always worth comparing.

You can email me (Daniel Wright) the owner and editor of this site directly on with a brief description of what you are looking to do and I will be more than happy to give you a call and help you save a great deal of money.

Greece and the Euro, Yellen and the Dollar – What happened today and how will the market react?

Greeks gain a provisional agreement

The on-going Greek saga appears to be set to continue for at least a few months as this afternoon we saw a provisional agreement confirmed by the Eurogroup. They have agreed to proceed with national procedures with a view to reaching a final decision on the extension which may be up to four months.

This agreement had little effect on Euro exchange rates as it had been widely expected for the past few days.

The next question really is how do I see the Sterling/Euro exchange rate moving in the coming weeks following this announcement? One of the main reasons the Euro has weakened over the past six weeks or so has been down to uncertainty, which has been heightened by the media hype and constant coverage over Greece. In essence the problem has not gone away it has merely been delayed for a few months.

The fact though that it has been essentially swept under the carpet could see the Euro slowly creep back a little and personally a move back below 1.34 would not be a great surprise to me.

Mario Draghi is set to speak later today at 15:30pm in a quiet day for economic data destined to be focused on Greece once again.

If you have a currency requirement in the near future and are happy with current buying levels (7 year high) then there is a great option available to you known as a forward contract. This useful contract option allows you to lock into a rate of exchange for anything up to a year in advance, paying merely a small deposit initially and then the balance on or before whichever date has been agreed, this is absolutely vita if you are working to a fairly tight budget. If you feel this may be of use to you or you just want to see how I can help with any currency transaction in terms of getting you a better rate and level of service then please feel free to email me (Daniel Wright) directly on and I will be happy to explain how this handy market tool works.

 Janet Yellen’s Comments give us little to work off of

Janet Yellen (Head of the Federal Reserve) testified yesterday and had many questions thrown at her surrounding interest rate hikes and when we may start to see them for America.

The main comments to pull from a long conference were that she insisted that the Fed should not be chained to decisions and that although the U.S recovery is on solid ground, there are still concerns surrounding inflation and the labour market which is not yet fully healed.

Yellen mentioned that she could not see a hike for the next two meetings which pushes us back until at least May and could lead to a little Dollar weakness in the coming days and push back above the 1.55 level. If you are looking to either buy or sell Dollars in the near term and you want to achieve the very best rate along with a highly efficient service then feel free to email me (Daniel Wright) directly and I will be more than happy to get back in touch personally.

Is a Resolution With Greece Close? (Matthew Vassallo)

Whilst the on-going concerns in Greece continue to dominate headlines, the key question is whether or not a resolution is close? Whilst GBP/EUR rates continue to creep up the uncertainty remains but I do feel a resolution will be found, even if it’s only short-term. Greece’s creditors, in particular Germany, will not want Greece to default on their debts and leave the EUR, so I feel at the moment there is a lot of cat and mouse being played before a likely 11th hour resolution. In fact Greece have now put together a list of proposed reforms, which they hope will help to secure a four month loan extension and keep the wolf from the door for a while longer. These reforms include combating tax evasion and the smuggling of fuel and tobacco but whether these are enough to satisfy its creditors happy is not yet known.

With GBP/EUR rates hitting a fresh 7 year high this week it is clearly an attractive time to purchase EUR and whilst it will take a complete shift in market conditions for the EUR to gain any sustained support, any resolution with Greece, even a temporary one, could be the catalyst for this shift.

It’s a relatively quiet week in terms of economic data, so it is likely that tomorrow’s speech by ECB president Mario Draghi and Thursday’s UK GDP figures will dominate headlines as we head towards the weekend.

If you have an upcoming currency requirement and would like to be kept up to date with all the latest market movements, or simply wish to compare our award winning exchange rates with your current provider, then please feel free to contact me directly on

GBP Forecast, how can I avoid the uncertainty of Greece? Watch out for the election too!

Sterling has risen against most currencies except the Euro in 2015 as UK economic data falls short of expectations. I think it important to note that some 40% of the UK’s trade is with the Eurozone and therefore the slowdown in the Eurozone economy will impact the British economy as well. Making plans in uncertain markets is never a bad idea! The pound could come under some strong selling pressures due to the UK General Election in May, however if selling Euros to buy sterling who is to say how weaker the Euro will be by then!

A Stop Loss order will automatically execute when the rate drops to a lower level than desired (protecting against losses) whilst a Limit order triggers when your desired higher rate is reached. Exchange rates change every second and such contracts guarantee your price even if the rate is just hit for a second. Please email me Jonathan on for more information on achieving the best rates.

Greek Bailout Keeps Affecting Exchange Rates – ( Andrew Bromley )


The Cypriot Finance Department have raised the limit of Euros that you can withdraw from the Island – from €20,000 to €50,000

When to BUY Euros??

The world is still waiting for a solid decision from the Eurozone Finance Ministers, as Greece is still very much at the forefront of investors minds. We seem to be edging closer and closer to an update / outcome, with the most expected decision probably an extension to the current loan repayment date. Greece are due to repay a vast figure on 28th February so time is very definitely running out! I personally feel that the key Eurozone members (including Angela Merkel of Germany) wish to keep the entire single currency intact. The fallout from a Greek exit from the single currency could be catastrophic, meaning a potential return to their former currency ‘The Drachma’. This could cause a huge recession and potentially bankrupt the country – a grave prospect!

If you have Euros to buy, I would be inclined to take advantage whilst the levels are at ‘there or there abouts’ 7 year highs. Brussels look to meet tomorrow evening to discuss the extension, so markets may move during the weekend, or out of standard trading hours. During yesterdays trading we saw markets touch 1.36, not seen since pre Financial crash in 2007. The Eurozone Central Bank release their Monetary Policy Statement today, their first since the introduction of Quantitative Easing. This may assist Euro Buyers achieve their last hurrah prior to markets correcting. I personally feel that up to two Cents of the GBP EUR rate is Greek uncertainty, potentially dropping an exchange rate of 1.35 down to 1.33.

USD Exchange Rate Forecast

The US Federal Reserve last night cooled expectations of an imminent interest rate hike, buy indicating in their minutes that a hike was ‘unlikely’. The US Economy has gone from strength to strength over the last 6 months, with the Greenback taking a good influx of funds from global uncertainty. I don’t think that it will be too long before markets push 1.50 again, so USD buyers may wish to take advantage of these favourable levels.

AUD pushing 2.0

Once again GBP – AUD is closing in on the 2.0 levels, as again we are in the 1.99s. The AUD gained strength from the Interest Rate minutes released on Monday, giving Australian Dollar sellers a window to take advantage of. If you do have Australian Dollars to buy, feel free to get in touch to be ready to take advantage of rates hitting 2.0!


If you do have an exchange requirement, however big or small feel free to get in touch. We are able to assist you with timing your exchange at potentially favourable times, plus assist with setting up currency equivalents of ‘safety nets’ etc.

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Sterling strength today following positive unemployment figures – The Pound hits over a seven year high against the Euro – Is this now the best time to buy Euros? (Daniel Wright)

The Pound shot up during morning trading and has continued to creep higher during this afternoon following much better than expected unemployment figures along with uncertainty over Greece still casting a grey cloud over the Euro.

The Greek debt agreement is now starting to feel like an old soap opera with us being left with cliffhangers over and over again without really seeing any real resolutions.

The latest I had heard earlier today was that Greece would be looking to request a six month extension on their debt deadline which will further delay a main resolution and will no doubt keep this saga continuing.

Those looking to buy a property within the Euro zone will currently have a huge smile on their face as buying €300,000 has now become £16,000 cheaper so the temptation to book something in now is hard to resist.

It is easy to forget that you do not have to book out all of your currency in one go, a mistake many people still make. If ever I have the need to make a large currency purchase I would split my requirement into two or even three chunks. The beauty of this is that you are eliminating a portion of your risk should the rate suddenly come back down yet should it creep up a little further you are still able to take advantage of it.

If you have Euros to buy or sell, or indeed any other major currency to exchange and you want the very best rates of exchange along with exceptional customer service then you can deal with me personally. All you need to do is email me (Daniel Wright) directly on and I would be more than happy to contact you personally.


Do you find our site useful? Why not use us for award winning exchange rates as well??!! (Daniel Wright)

Just to make you aware we have now had over 5500 people contact us through the site who have managed to get better rates of exchange than their current currency provider. If you are using one of the following it may be worth you getting in touch for a direct comparison:

Moneycorp, HIFX, World First, Smart Currency, UK Forex, Oz Forex, Foremost Currency, Foreign Currency Exchange, Currency Index, Currencies Direct,, Transferz, NZ Forex, Halo, Afex, Tor FX, Hargreaves Lansdowne and Transferwise. 

Not to mention Barclays, Lloyds, Natwest, HSBC, Yorkshire Bank, Clydesdale Bank, RBS, Halifax, Nationwide and pretty much all major banks.

We don’t only pride ourselves on a great exchange rate but also a really high level of service too, which you may find you are not getting to a high enough standard at present.

If you are using an online trading platform then make sure you get straight in touch, with an online platform you do not have someone negotiating on your behalf therefore generally do not receive the best rate of exchange you can.

We deal with bank to bank transfers ranging from one thousand Pounds to multi million Pound transactions for both private clients and corporate clients… We have a regular payments facility too which is free and can assist anyone with smaller payments to Europe.

The company we work for is FCA registered and Authorised as a payments institute and all funds are kept in client transaction accounts to give you peace of mind your funds are safe and secure, we have won awards both for our exchange rates and customer service and have now 50,000 clients under our wing. Anyone that contacts us through this site will deal with one of the authors, if there is an author you find particularly informative you can use them directly.

I have to say I am really proud as to how much this site has picked up over the past three years and it is thanks to my regular readers that it is as popular as it is today – Let me return the favour with exceptional exchange rates.

If you feel we could be of assistance to you as well, feel free to get in contact with me (Daniel Wright) the creator and main editor of this site or you can indeed fill in the enquiry form on this page and one of us will call you back.

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We look forward to speaking with you soon!

GBP/EUR Dips Below 1.35 (Matthew Vassallo)

GBP/EUR rates have dipped below 1.35 during Tuesday morning’s trading, bringing some respite for the single currency. This comes after weeks of recent negativity, which has brought EUR exchange rates crashing down and for a while it seemed as though there was little tangible resistance available to stop this slide, certainly in the short-term.

Whilst concerns over Greece continue to cast a dark shadow over the Eurozone economy, we must remember that the future existence of the Eurozone does not hang on whether Greece meet their debt repayments. Whilst I appreciate the negative knock on effects that a Greek default would have on the region, I do not feel that the Eurozone and indeed the single currency is on the edge of collapse, regardless of what the tabloids would have you believe!

Of course the region is struggling and will continue to economically for many years but I do feel that the Eurozone will be keen to support its member states as best it can. Once the relative PR exercise have run their course then I anticipate an agreement will be reached between Greece & it’s creditors, which will allow an extension on their current debt repayment programme.

Looking ahead and we have a host of key data out for the UK tomorrow, with the latest Bank of England (BoE) minutes and UK unemployment rate. It was confirmed that there are now no members of the BoE voting for a rise in UK interest rates and it may be that we are given further insight into this and other key economic issues. With little Eurozone data of note, it is likely any UK data, including Friday’s Retail Sales figures, will cause additional volatility on GBP/EUR rates for the rest of this week.

If you have an upcoming currency requirement and would like to be kept up to date with all the latest market movements, or simply wish to compare our award winning exchange rates with a current provider, then please feel free to contact me directly

GBPEUR Forecast for this week

The UK’s General Election and any resolution in Greece would indicate the Euro stages a recovery. However Euro sellers should not expect major improvements since the problems in the Eurozone are deeply rooted, I think that any ‘solution’ will as always be a short term fix with the problems likely to resurface down the line.

As well as Greece there is key GBP news tomorrow!

Tomorrow’s Inflation data is significant since lately it has presented good opportunities to buy the pound.12 separate pieces of Inflation data will be released indicating the rate of which prices are rising (or falling). I personally expect the pound might decline as the Inflation data shows a decline too, this would indicate any interest rate hike is not so urgent. Getting the best deal is achieved through a careful mix of analysing the data and being able to react quickly. For assistance with any money transfers you might wish to consider please contact me Jonathan on


Pound Sterling Forecast – Upcoming data that may affect your exchange rate (Daniel Wright)

The Pound has had a funny week against most majors, remaining in the 1.34-1.35 range against the Euro, (albeit with some quite volatile moments) gaining ground back against the Dollar and pushing higher against the antipodean currencies (AUD,NZD,ZAR) even seeing the Sterling/Australian Dollar rate testing the level of 2.

One important matter that could really lead to an extremely lively start to the week is the issue with Greece. Whispers are that they are close to securing a debt deal which may bring a little certainty back to the Eurozone and confidence to the Euro, which in turn may lead to Euro strength at the start of the week.

Overnight on Monday night we also have the RBA (Reserve Bank of Australia) meeting minutes from their last interest rate decision which may give indications as to what the next move is and could really give the Australian Dollar  some fairly sharp movements out of hours.

If you have been waiting to buy your Australian Dollars at a rate of 2 then a limit order may be a sensible approach. This is where you can set an order to buy automatically if the achievable rate becomes 2 or better and can be really handy as data comes out from both economies day and night so it means that any sharp movements will be taken advantage of on your behalf. If you feel that this type of order may be beneficial to you then feel free to email me directly on and I will be happy to get back to you personally.

Tuesday will bring inflation data for the U.K which has been a fairly important talking point for Governor of the Bank of England Mark Carney over the past few months as the figure continues to drop steadily with major thanks to falling oil prices. An even lower figure will possibly weaken Sterling off a little as concerns of deflation will no doubt rise and although yesterday Carney said in his inflation report that rates would not rise until at least 2016 this could still just concrete that thought a little more.

An interest rate hike is generally seen as positive for the currency concerned and a drop in rates negative so whenever an interest rate hike is pushed back you can see a currency drop in value.

If you are looking to exchange the Pound into any currency or exchange any currency back into Sterling then feel free to email me directly on with a brief description of what you are looking to do along with a contact number and I will be happy to get in touch.



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